According to a new report, published by KBV research, The Global Chest Bags Market size is expected to reach $6.9 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period.
The Strap segment gained the highest revenue in the Global Market, By Product in 2022; thereby, achieving a market value of $5.6 billion by 2030. These bags are characterized by their front-facing chest-mounted compartments, providing quick and convenient access to essential items. Strap chest bags are designed for maximum organization. Their multiple compartments and pockets allow users to categorize and store various items efficiently. This feature particularly benefits individuals who require easy access to tools, gadgets, or accessories, such as photographers, adventurers, or individuals working in dynamic environments.
The Women segment would exhibit a CAGR of 9.9% during (2023 - 2030). Women's fashion is ever evolving, and chest bags have become a stylish accessory that complements many outfits. These bags are available in various colors, materials, and designs, making them a versatile choice for fashion-conscious women. Women who lead active lifestyles, such as fitness enthusiasts and outdoor adventurers, appreciate chest bags for their ability to carry water bottles, fitness trackers, and other essentials during workouts, hikes, and outdoor activities.
The Offline segment acquired the maximum revenue in the Global Market, By Distribution Channel in 2022; thereby, achieving a market value of $5.0 billion by 2030. Offline shopping allows customers to physically touch, feel, and try on the chest bags. This sensory experience can be essential for individuals who prefer to examine the material, zippers, and overall build quality before purchasing. Brick-and-mortar stores offer the opportunity to interact with sales representatives who can provide guidance, answer questions, and offer personalized recommendations. This assistance can be valuable, especially for individuals uncertain about their chest bag needs.
The Travel segment is registering a CAGR of 9.5% during (2023 - 2030). The prevalence of travel chest bags has increased along with the growth of adventure and experiential travel. Travelers who engage in activities like hiking, biking, and sightseeing want a hands-free way to carry their belongings, and travel chest bags provide this convenience. They offer secure storage for passports, wallets, cameras, and other valuable items, making them suitable for various travel experiences. Moreover, travel chest bags have become fashion-forward accessories that blend style with functionality.
The North America region dominated the Global Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.5 billion by 2030. The Europe region is anticipating a CAGR of 9% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 9.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/chest-bags-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 H&M Group, LVMH SE (Christian Dior), Asos, Western Textile & Manufacturing, Inc., Baikal Inc., Adidas AG, JanSport (VF Corporation), Clutch Made Factory, Smith and Blake
By Product
By End-user
By Distribution Channel
By Application
By Geography
Companies Profiled
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