Outdoor Backpacks Market size is set to grow at a CAGR of 4.64% from 2022 to 2027, Driven by the growth in the hiking population - Technavio

NEW YORK, March 8, 2023 /PRNewswire/ -- According to Technavio, the global outdoor backpacks market size is estimated to grow by USD 645.41 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.64% during the forecast period. The growing millennial population seeking healthy and fit lifestyles tends to choose hiking as a preferred outdoor activity, driving the market growth. Many millennials prefer to hike to reduce the risk of heart disease, control blood pressure, manage blood sugar levels, and strengthen their muscles. Various government and non-government organizations worldwide undertake initiatives encouraging youngsters to take up outdoor activities. Factors like these are expected to boost market growth during the forecast period. For more insights on the historic market size (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Leading trends influencing the market 

• The growing demand for customized outdoor backpacks is a key trend in the global outdoor backpacks market.
• The demand for premium outdoor backpacks compels the vendors to focus on operations like faster delivery services, customization, and personalization. This strategy also helps in building stronger customer relationships and brand loyalty.
• For instance, the hiking backpacks offered by Thule Group can be customized, depending on the torso length and shoulder adjustments, to fit the body of the user accurately.

Major challenges hindering the market growth

• The availability of counterfeit products is a major challenge to the growth of the global outdoor backpacks market during the forecast period. 
• There is increased availability of low-quality, low-durability, and non-certified counterfeit products at lower price points in developing countries like China and Thailand. 
• Counterfeit products pose a threat of brand dilution to major vendors in the market. Hence, factors like these may impede market growth during the forecast period.

To know more about other drivers, trends, & challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

Outdoor Backpacks Market - Segmentation Assessment
Segment Overview

Technavio has segmented the market based on capacity (15-60 liters and above 60 liters), distribution channels (specialty stores, department stores, hypermarkets, supermarkets, online, and warehouse clubs), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The 15-60 liters segment is expected to be a major contributor to the market growth during the forecast period. These backpacks are usually small and medium-sized backpacks.
• The small and medium-sized backpacks are primarily designed for trips ranging from day walks, hikes, and expeditions to trips that last one to three nights.
• The demand for this segment is driven by individuals who engage in weekend trips or short-duration trips of one-three nights.

Geography Overview

By geography, the global outdoor backpacks market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global outdoor backpacks market.

• North America is estimated to contribute to 33% of the global outdoor backpacks market growth during the forecast period.
• The increasing number of trekking sites, camping sites, and outdoor activities paired with the increasing affordability of trips for travelers are the reasons for the growing market demand.
• The sports associations in the US promote outdoor recreational activities, resulting in the country attracting travelers between the ages of 25 to 40. This boosts the demand for the outdoor backpacks market in the US.

Get a glance of the market contribution of various segments, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

What are the key data covered in this Outdoor Backpacks Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the outdoor backpacks market between 2023 and 2027
• Precise estimation of the size of the outdoor backpacks market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the outdoor backpacks industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of outdoor backpacks market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Capacity
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global outdoor backpacks market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global outdoor backpacks market 2017 - 2021 ($ million)

• 4.2 Capacity Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Capacity Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Capacity

• 6.1 Market segments 
• Exhibit 30: Chart on Capacity - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Capacity - Market share 2022-2027 (%)

• 6.2 Comparison by Capacity 
• Exhibit 32: Chart on Comparison by Capacity
• Exhibit 33: Data Table on Comparison by Capacity

• 6.3 15-60 liters - Market size and forecast 2022-2027
• Exhibit 34: Chart on 15-60 liters - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on 15-60 liters - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on 15-60 liters - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on 15-60 liters - Year-over-year growth 2022-2027 (%)

• 6.4 Above 60 liters - Market size and forecast 2022-2027
• Exhibit 38: Chart on Above 60 liters - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Above 60 liters - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Above 60 liters - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Above 60 liters - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Capacity 
• Exhibit 42: Market opportunity by Capacity ($ million)
• Exhibit 43: Data Table on Market opportunity by Capacity ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Specialty stores - Market size and forecast 2022-2027
• Exhibit 48: Chart on Specialty stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Specialty stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Specialty stores - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Specialty stores - Year-over-year growth 2022-2027 (%)

• 7.4 Department stores - Market size and forecast 2022-2027
• Exhibit 52: Chart on Department stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Department stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Department stores - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Department stores - Year-over-year growth 2022-2027 (%)

• 7.5 Hypermarkets and supermarkets - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Hypermarkets and supermarkets - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Hypermarkets and supermarkets - Year-over-year growth 2022-2027 (%)

• 7.6 Online - Market size and forecast 2022-2027
• Exhibit 60: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.7 Warehouse clubs - Market size and forecast 2022-2027
• Exhibit 64: Chart on Warehouse clubs - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Warehouse clubs - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Warehouse clubs - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Warehouse clubs - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Distribution Channel
• Exhibit 68: Market opportunity by Distribution Channel ($ million)
• Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Amer Sports Corp. 
• Exhibit 123: Amer Sports Corp. - Overview
• Exhibit 124: Amer Sports Corp. - Product / Service
• Exhibit 125: Amer Sports Corp. - Key offerings

• 12.4 AMG Group Ltd 
• Exhibit 126: AMG Group Ltd - Overview
• Exhibit 127: AMG Group Ltd - Product / Service
• Exhibit 128: AMG Group Ltd - Key offerings

• 12.5 Authentic Brands Group LLC 
• Exhibit 129: Authentic Brands Group LLC - Overview
• Exhibit 130: Authentic Brands Group LLC - Product / Service
• Exhibit 131: Authentic Brands Group LLC - Key offerings

• 12.6 BearMade 
• Exhibit 132: BearMade - Overview
• Exhibit 133: BearMade - Product / Service
• Exhibit 134: BearMade - Key offerings

• 12.7 Cascade Designs Inc. 
• Exhibit 135: Cascade Designs Inc. - Overview
• Exhibit 136: Cascade Designs Inc. - Product / Service
• Exhibit 137: Cascade Designs Inc. - Key offerings

• 12.8 Columbia Sportswear Co. 
• Exhibit 138: Columbia Sportswear Co. - Overview
• Exhibit 139: Columbia Sportswear Co. - Business segments
• Exhibit 140: Columbia Sportswear Co. - Key news
• Exhibit 141: Columbia Sportswear Co. - Key offerings
• Exhibit 142: Columbia Sportswear Co. - Segment focus

• 12.9 Dakine IP Holdings LP 
• Exhibit 143: Dakine IP Holdings LP - Overview
• Exhibit 144: Dakine IP Holdings LP - Product / Service
• Exhibit 145: Dakine IP Holdings LP - Key offerings

• 12.10 Deuter Sport GmbH 
• Exhibit 146: Deuter Sport GmbH - Overview
• Exhibit 147: Deuter Sport GmbH - Product / Service
• Exhibit 148: Deuter Sport GmbH - Key offerings

• 12.11 Direct Marketing Ventures LLC 
• Exhibit 149: Direct Marketing Ventures LLC - Overview
• Exhibit 150: Direct Marketing Ventures LLC - Product / Service
• Exhibit 151: Direct Marketing Ventures LLC - Key offerings

• 12.12 Exxel Outdoors LLC 
• Exhibit 152: Exxel Outdoors LLC - Overview
• Exhibit 153: Exxel Outdoors LLC - Product / Service
• Exhibit 154: Exxel Outdoors LLC - Key offerings

• 12.13 Newell Brands Inc. 
• Exhibit 155: Newell Brands Inc. - Overview
• Exhibit 156: Newell Brands Inc. - Business segments
• Exhibit 157: Newell Brands Inc. - Key news
• Exhibit 158: Newell Brands Inc. - Key offerings
• Exhibit 159: Newell Brands Inc. - Segment focus

• 12.14 Osprey Packs Inc. 
• Exhibit 160: Osprey Packs Inc. - Overview
• Exhibit 161: Osprey Packs Inc. - Product / Service
• Exhibit 162: Osprey Packs Inc. - Key offerings

• 12.15 Thule Group AB 
• Exhibit 163: Thule Group AB - Overview
• Exhibit 164: Thule Group AB - Business segments
• Exhibit 165: Thule Group AB - Key offerings
• Exhibit 166: Thule Group AB - Segment focus

• 12.16 Vista Outdoor Inc. 
• Exhibit 167: Vista Outdoor Inc. - Overview
• Exhibit 168: Vista Outdoor Inc. - Business segments
• Exhibit 169: Vista Outdoor Inc. - Key offerings
• Exhibit 170: Vista Outdoor Inc. - Segment focus

• 12.17 Wildcraft India Pvt. Ltd. 
• Exhibit 171: Wildcraft India Pvt. Ltd. - Overview
• Exhibit 172: Wildcraft India Pvt. Ltd. - Product / Service
• Exhibit 173: Wildcraft India Pvt. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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