The Active Backpack Global Market Report 2023, provides comprehensive information on the active backpack market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Active Backpack Global Market Report 2023, the global active backpack market is expected to grow from $5.42 billion in 2022 to $5.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.40%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The active backpack market is expected to reach $8.23 billion in 2027 at a CAGR of 8.77%.
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Product innovation has emerged as a key trend gaining popularity in the active backpack market. Major market players are focusing on creating innovative products to strengthen their position in the active backpack market. For instance, in May 2021, Yuru Camp Anime, a Japanese manga series written and illustrated by Afro, and the Japanese backpack manufacturer collaborated to create the Yurucamp Ispack Backpack Field Chair. This backpack is the real-life counterpart of the Yurucamp folding field chair featured in the anime. This backpack has a detachable, folding field chair and is perfect for brief rests when trekking long distances. The bag has a 25L capacity and several front pockets to store the required trekking gear. At the top of the bag, the chair’s collapsible bars combine and unfold to create plush seats. The hybrid backpack field chair, which is burnt orange with baby-blue accents, can support 220 lbs.
The active backpack market is segmented:
1) By Type: Hiking Or Trekking, Camping And Travelling, Sports
2) By Size: Less Than 10L, 10L-20L, 20L-40L
3) By Price Point: Under $50, $51-$100, $101-$150, $151-$200, $201-$250, Above $250
4) By Distribution Channel: Specialty Stores, Retail Stores, Online
North America was the largest region in the active backpack market in 2022.
The table of contents in TBRC’s active backpack market report includes:
1. Executive Summary
2. Active Backpack Market Characteristics
3. Active Backpack Market Trends And Strategies
4. Active Backpack Market – Macro Economic Scenario
5. Global Active Backpack Market Size and Growth
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26. South America Active Backpack Market
27. Brazil Active Backpack Market
28. Middle East Active Backpack Market
29. Africa Active Backpack Market
30. Active Backpack Market Competitive Landscape And Company Profiles
Top Major Players:
- Nike Inc
- Adidas AG
- VF Corporation
- Puma SE
- Under Armour Inc
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