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Outdoor Backpacks Market to Grow by $ 777.55 mn in 2020 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio

Technavio has been monitoring the outdoor backpacks market and it is poised to grow by USD 777.55 mn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the outdoor backpacks market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amer Sports Corp., AMG Group Ltd., Columbia Sportswear Co., Dakine IP Holdings LP, Deuter Sport GmbH, Exxel Outdoors LLC, Gregory Mountain Products Company Stores LLC, Newell Brands Inc., Thule Group AB, and Vista Outdoor Inc. are some of the major market participants. The growth of the tourism industry will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this outdoor backpacks market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Outdoor Backpacks Market 2020-2024: Segmentation

Outdoor Backpacks Market is segmented as below:

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Outdoor Backpacks Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The outdoor backpacks market report covers the following areas:

This study identifies an increasing number of government initiatives to promote outdoor recreational activities as one of the prime reasons driving the outdoor backpacks market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Outdoor Backpacks Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Capacity

Customer Landscape

Geographic Landscape

Geographic Landscape by Volume

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis


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