According to a new report, published by KBV research, The Global Active Backpack Market size is expected to reach $10.1 billion by 2030, rising at a market growth of 8.5% CAGR during the forecast period.
The Hiking/Trekking segment is showcasing a CAGR of 9.1% during (2023 - 2030). The development of more comfortable backpack designs, regular product improvements that address hiker’s needs, and an increase in outdoor recreational activities, particularly among young people, are predicted to drive the demand for hiking backpacks. New hiking backpacks are being introduced, emphasizing lightweight components and designs.
The $51 - $100 segment acquired the maximum revenue share in the Global Active Backpack Market by Price Point in 2022, thereby achieving a market value of $2.8 billion by 2030. Active backpacks, including the Borealis and Recon series, are priced between $51 and $100. These backpacks have padded straps, numerous pockets & compartments, and a soft, ventilated back panel, among other characteristics. More people engage in outdoor pursuits, including cycling, hiking, and camping. These buyers seek backpacks with enhanced utility and durability in a specific price range and thus prefer buying backpacks of this price range.
The Less than 10L segment has shown the high growth rate of 9.3% during (2023 - 2030). Less than 10-liter active backpacks are commonly used as sports backpacks like running, cycling, and short hikes that only call for a limited amount of goods to be carried. A small backpack, for instance, can be used by runners to carry necessities like a phone, energy gels, and water, while cyclists can use it to carry snacks, a water bottle, and a repair kit. These backpacks are made to be small and light so the wearer may move around easily.
The Specialty Stores segment generated the highest revenue share in the Global Active Backpack Market by Distribution Channel in 2022 thereby, achieving a market value of $4.9 billion by 2030. The specialty stores segment recorded a remarkable revenue share in the active backpack market in 2022. Specialty stores are among the most essential distribution channels for players in the active backpack market since they offer specific product categories with a broader selection than supermarkets.
The North America market dominated the Global Active Backpack Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.8 billion by 2030. The Europe market is showcasing a CAGR of 8.1% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 9.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/active-backpack-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsonite International S.A., JanSport (VF Corporation), Osprey Packs, Inc. (Helen of Troy Limited), Vista Outdoor, Inc. (CamelBak Products LLC), Columbia Sportswear Company, ANTA Sports Products Limited, Deuter Sport GmbH (Schwan-Stabilo Group), Exxel Outdoors, LLC, and Patagonia, Inc.
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