Trekking Backpack Market Size ($4,627.68 Million by 2028) Led by North America (4.7% CAGR) Impact of the Coronavirus Outbreak, Global Analysis and Forecasting by

The Trekking Backpacks Market Size Was Estimated At $3,349.66 Million In 2021 And It Is Expected To Reach $4,627.68 Million By 2028; It is expected to grow at a compound annual growth rate of 4.7% from 2021 to 2028.

NEW YORK, Oct 28, 2021 (The Globe Newswire) – The Trekking Backpack Market: Essential Insights
According to our new research study on “Backpacking market for trips Volume and Forecast to 2028 – Impact of COVID-19 and global analysis by capacity (up to 20 liters, 20-50 liters and more than 50 liters), materials (nylon, polyester, cloth, etc.), distribution channel (supermarkets, hypermarkets ), specialty stores, online retail, and others), “the market is expected to reach $4,627.68 million by 2028 from $3,349.66 million in 2021; projected to grow at a CAGR of 4.7 % during 2021-2028.

Trekking Backpack Market: Competitive Landscape and Key Developments
Arctrix. Deuter Sport GmbH; Equip Outdoor Technologies UK LTD; Granite Gear, LLC; mofubo. Tribol Gear Fango. Wildcraft. Osprey Bucks, Inc; and Hyperlite Mountain Gear Inc. Among the major companies operating in the global travel bag market. The major players in the market place great emphasis on developing high quality and innovative offerings to meet customer requirements. These companies operate production and distribution services in various countries around the world, which helps them meet the needs of a broader client base.

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The growing popularity of adventure tourism and leisure activities, such as trekking and camping, is fueling the global demand for trekking backpacks. Additionally, continuous product innovations and the increasing number of flashbacks are expected to provide lucrative growth opportunities for players in the trekking backpacks market in the coming years.

In 2020, North America occupied the largest share of the global travel bag market. The prominent presence of trekking groups in the area encourages the constant influx of a large number of people to take trekking. According to a report published by the Outdoor Industry Association, 34% of hikers come from cities. These outdoor consumer groups consist of active and ethnically diverse youth. Moreover, other demographic groups are also involved in outdoor activities to keep them healthy, and mini excursions are now seeing more popularity in the area.

Increasing popularity of outdoor sports and leisure activities to promote market growth:
In recent years, there has been a huge rise in the popularity of recreational activities and outdoor sports. The majority of the world’s population, especially millennials, focus on physical health along with trying to achieve balanced physical and mental health by choosing leisure and nature activities, such as trekking and camping. The COVID-19 pandemic led to nationwide lockdowns around the world in 2020, forcing people to stay indoors for an extended period. However, ongoing vaccination campaigns and relaxation of lockdown restrictions are boosting adventure tourism and short weekend trips to nearby places.

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Trekking Backpack Market: Segment Overview
By capacity, the global hiking backpacks market is segmented into up to 24 liters, 25-50 liters and over 50 liters. In 2020, the 25-50 liter segment took the largest share of revenue.

Based on the material, the trekking backpacks market is segmented into nylon, polyester, canvas, and others. The nylon segment occupied the largest market share in 2020, and is expected to remain the largest market contributor during the forecast period. However, the Polyester segment is expected to register the highest compound annual growth rate (CAGR) in the Trekking Backpacks market during 2021-2028.

Based on the distribution channel, the backpacking market is segmented into supermarkets, hypermarkets, specialty stores, online retail and others. The specialty store segment dominated the market in 2020 and is expected to maintain its dominance throughout the forecast period.

Impact of COVID-19 Pandemic on Backpacking Market:
Initially, the COVID-19 pandemic hit the backpacking market. The outbreak has distorted operational efficiencies and disrupted value chains due to the closure of national and international borders, causing revenue losses and damages. The nationwide lockdown has prompted people to stay indoors. In addition, the production halt hit the trekking backpack market in the first half of 2020. The closure of retail stores, convenience stores, supermarkets and hypermarkets, among other distribution channels of trekking backpack providers, hampered their sales. However, with more people getting vaccinated, lockdown restrictions are being relaxed somewhat. International and domestic travel has resumed with an increasing preference for leisure activities and adventure tourism among the global population. The number of hikers has increased significantly in 2021 compared to 2020. People choose trips as a weekend getaway to keep their physical and mental health in balance. Hence, the demand for backpacks for excursions is increasing globally.

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Key Questions for Travel Backpack Market Demand:

  • Can you list some of the major players operating in the global travel luggage market?

  • Which region has the largest share of the global luggage market?

  • Depending on the material, why is the polyester sector expected to grow at the highest rate?

  • Based on distribution channel, what is the fastest growing segment of the global travel bag market?

  • Which region had the fastest CAGR of the global Travel Bags market?

  • Based on capacity, what segment is driving the global travel backpack market during the forecast period?

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