The global outdoor backpacks market is expected to post a CAGR of around 4% during the forecast period 2017-2021, says Technavio.
Technavio has announced its latest market research report on the global outdoor backpacks market, under its outdoor gear portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like Arc’teryx, Kelty, Marmot Mountain, Mountain Hardwear, and Thule.
According to Arushi Thakur, a lead analyst for outdoor gear research at Technavio, “Government initiatives to promote outdoor recreational activities is one of the key market drivers. Several government initiatives are being undertaken worldwide to encourage outdoor activities, which is expected to boost the tourism industry and market growth during the forecast period.”
Governments offer financial support that includes caravan accommodations, affordable camping, and biking, walking, and driving trails. Moreover, the governments of countries such as France, the US, and Germany ensure that enough accessible parks or community green spaces are available for children. Such initiatives are predicted to prompt adventure sports, and campers to invest substantially in outdoor backpacks.
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Use of advanced technology to improve product features
The demand for technologically advanced backpacks from customers is constantly increasing because of a rise in the complexities of natural environments. So, the vendors are manufacturing backpacks as per the need to make trips safe, secure, and comfortable. The key competitors are using load support technology to reduce the size of backpacks, especially for long-duration trips. Moreover, many competitors are concentrating on manufacturing backpacks using recycled materials and fabrics.
Increase in the development of campsites
Campsites have advanced over the years as per the requirements of campers with respect to demographics and location. Campsites in Europe range from simple levelled-out mud lands with basic facilities to commercial sites with swimming pools, shops, and resorts. Some premium campsites offer facilities like laundry, bathrooms, barbecue grills, and other utilities. These facilities have elevated the level of comfort and convenience, attracting consumers to go camping.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Outdoor Backpacks Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Golf Apparel Market 2017-2021
- Global Travel Duffel Bags Market 2016-2020
- Camping Equipment Market in the US 2016-2020
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