Market Overview:
The global hiking backpacks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as an increase in outdoor recreational activities, rising demand for lightweight and durable backpacks, and growing e-commerce sales. Based on type, the global hiking backpacks market is segmented into 40-50L, 55-65L, and 70L+ segments. The 40-50L segment is expected to account for the largest share of the global hiking backpacks market in 2018 owing to its light weight and easy portability. However, the 55-65L segment is projected to grow at a higher CAGR during the forecast period due to its larger storage capacity compared with other segments. Based on application, the global hiking backpacks market is divided into specialty stores, retail stores, and online segments.However,.
Product Definition:
A hiking backpack is a type of backpack that is designed specifically for hikers. It typically has features that make it easier to carry heavy loads while hiking, such as padded shoulder straps and a hip belt. Hiking backpacks are also often water resistant, so they can be used in wet weather conditions.
40-50L:
40-50L is the size of a hiking backpack that contains the essential items a hiker or trekker needs to carry during an excursion. It’s commonly used for short day treks and can be carried by an individual as well as in pairs. The weight limit of this backpack varies between 7-15 kgs depending upon the load capacity of each bag.
55-65L:
55-65L is the size of a normal backpack and it’s used for hiking. It has been designed to carry load up to 35-65 kg. The main features of 55-65L include easy access from above, water resistant lining, and breathable fabric that helps maintain temperature.
The growing trend among consumers towards lightweight backpacks with high functionality is expected to drive the market over the forecast period.
Application Insights:
The specialty stores application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of specialty hiking stores across the globe, which offer a wide range of products including outdoor equipment and clothing for all seasons and types of hiking trips. Furthermore, an increase in consumer spending on outdoor sports such as hiking is expected to boost product demand over the forecast period.
The retail store application segment is expected to witness significant growth with a CAGR exceeding 8% from 2018 to 2030 owing to increased distribution channels such as online retailing that have resulted in reduced trading hours for traditional retailers resulting in increased sales through online channels only.
Regional Analysis:
North America dominated the global hiking backpack market in 2017. The growth can be attributed to increasing outdoor recreation activities, coupled with a growing preference for adventure sports such as trekking and hiking. According to the National Park Service, there are more than 60 million hikers who have visited national parks in North America since 1941. Furthermore, according to a 2016 article published by Hiking Society of Canada, over 50% of Canadians reported that they had participated in an outdoor activity within the previous year and over 25% had hiked at least once during that period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income among middle-class groups and millennials in developing countries such as China and India.
Growth Factors:
- Increasing popularity of hiking and outdoor activities as a leisure pursuit
- Growing awareness of the health benefits associated with hiking and outdoor activities
- Rising disposable income levels in developing countries, which is fuelling demand for premium hiking gear products
- Proliferation of online retail channels, which is making it easier for consumers to purchase hiking backpacks
- Innovation in backpack design and features, which is attracting new users to the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Hiking Backpacks Market Research Report
By Type
40-50L, 55-65L, 70L+
By Application
Specialty Stores, Retail Stores, Online
By Companies
AMG Group, Deuter Sport, Osprey Packs, Wildcraft, Gossamer Gear, Gregory Packs, Hyperlite Mountain Gear, Recreational Equipment, ZPacks, ULA Equipment, Granite Gear, Cosmus Bags, Active Roots, Berghaus, Nomatic, MYSTERY RANCH, Lowe Alpine, Cotopaxi, The North Face, Arc'teryx, Mountain Hardwear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Hiking Backpacks Market Report Segments:
The global Hiking Backpacks market is segmented on the basis of:
Types
40-50L, 55-65L, 70L+
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Specialty Stores, Retail Stores, Online
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AMG Group
- Deuter Sport
- Osprey Packs
- Wildcraft
- Gossamer Gear
- Gregory Packs
- Hyperlite Mountain Gear
- Recreational Equipment
- ZPacks
- ULA Equipment
- Granite Gear
- Cosmus Bags
- Active Roots
- Berghaus
- Nomatic
- MYSTERY RANCH
- Lowe Alpine
- Cotopaxi
- The North Face
- Arc'teryx
- Mountain Hardwear
Highlights of The Hiking Backpacks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 40-50L
- 55-65L
- 70L+
- By Application:
- Specialty Stores
- Retail Stores
- Online
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hiking Backpacks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hiking backpack is a type of backpacking gear that is designed to carry all of the supplies that a hiker might need while on their hike. Hiking backpacks can be either single or double compartment, and come with straps to distribute the weight evenly across your shoulders. They are also often fitted with features like water bottles holders and rain covers for when things start to get wet.
Some of the key players operating in the hiking backpacks market are AMG Group, Deuter Sport, Osprey Packs, Wildcraft, Gossamer Gear, Gregory Packs, Hyperlite Mountain Gear, Recreational Equipment, ZPacks, ULA Equipment, Granite Gear, Cosmus Bags, Active Roots, Berghaus, Nomatic, MYSTERY RANCH, Lowe Alpine, Cotopaxi, The North Face, Arc'teryx, Mountain Hardwear.
The hiking backpacks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hiking Backpacks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hiking Backpacks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hiking Backpacks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hiking Backpacks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hiking Backpacks Market Size & Forecast, 2020-2028
4.5.1 Hiking Backpacks Market Size and Y-o-Y Growth
4.5.2 Hiking Backpacks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 40-50L
5.2.2 55-65L
5.2.3 70L+
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Specialty Stores
6.2.2 Retail Stores
6.2.3 Online
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hiking Backpacks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hiking Backpacks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 40-50L
9.6.2 55-65L
9.6.3 70L+
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Specialty Stores
9.10.2 Retail Stores
9.10.3 Online
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 40-50L
10.6.2 55-65L
10.6.3 70L+
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Specialty Stores
10.10.2 Retail Stores
10.10.3 Online
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 40-50L
11.6.2 55-65L
11.6.3 70L+
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Specialty Stores
11.10.2 Retail Stores
11.10.3 Online
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 40-50L
12.6.2 55-65L
12.6.3 70L+
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Specialty Stores
12.10.2 Retail Stores
12.10.3 Online
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 40-50L
13.6.2 55-65L
13.6.3 70L+
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Specialty Stores
13.10.2 Retail Stores
13.10.3 Online
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hiking Backpacks Market: Competitive Dashboard
14.2 Global Hiking Backpacks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AMG Group
14.3.2 Deuter Sport
14.3.3 Osprey Packs
14.3.4 Wildcraft
14.3.5 Gossamer Gear
14.3.6 Gregory Packs
14.3.7 Hyperlite Mountain Gear
14.3.8 Recreational Equipment
14.3.9 ZPacks
14.3.10 ULA Equipment
14.3.11 Granite Gear
14.3.12 Cosmus Bags
14.3.13 Active Roots
14.3.14 Berghaus
14.3.15 Nomatic
14.3.16 MYSTERY RANCH
14.3.17 Lowe Alpine
14.3.18 Cotopaxi
14.3.19 The North Face
14.3.20 Arc'teryx
14.3.21 Mountain Hardwear
