The Outdoor Backpacks Market is being driven by Growing popularity of hiking among millennials
The Outdoor Backpacks Market is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 997.1 million. The outdoor backpack market is witnessing significant growth due to the increasing demand for premium products. To cater to this demand, vendors are implementing strategies such as expedited delivery services and customization. Customization allows consumers to purchase backpacks tailored to their specific needs, thereby fostering customer loyalty. Notable market players, including Deuter and Thule Group, provide customizable options, such as adjustable lengths for Deuter's AirContact Lite and custom torso and shoulder adjustments for Thule hiking backpacks, ensuring a perfect fit for individual users.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
205 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2025-2029 |
USD 997.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.8 |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Outdoor Backpacks Market caters to travelers seeking eco-friendly options, with offline sales of hemp and organic cotton backpacks on the rise. Brands prioritize a circular economy, offering comfortable straps for cycling and trekking. Weather-resistant, durable packs made from recycled polyester and luminous materials appeal to adventure sports enthusiasts. Ethical production and take-back programs align with conscious consumers' environmental awareness. Nylon and polyester packs with specialized compartments are also available online for responsible travelers seeking minimal environmental impact and a sustainable lifestyle. Brands committed to climate action and responsible outdoor adventures continue to innovate, offering sustainable, eco-conscious options for hiking, camping, and outdoor recreation.
The Outdoor Backpacks market is a significant segment of the larger Global Leisure Products industry, which encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the Household Durables market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several key factors, including the rise in health and fitness club memberships. With membership numbers on the upswing in the past decade, the health and fitness industry presents a promising growth opportunity. Concurrently, the number of health and fitness clubs continues to proliferate, further bolstering industry prospects. Additionally, the increasing popularity of synthetic fabrics like nylon in outdoor backpacks, coupled with the influence of social media on consumer trends, will further propel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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