Technavio has been monitoring the global outdoor backpacks market, operating under the consumer discretionary industry. The latest report on outdoor backpacks market, 2020-2024 estimates it to register an incremental growth of by USD 777.55 million, at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Outdoor Backpacks Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Amer Sports Corp., AMG Group Ltd., Columbia Sportswear Co., Dakine IP Holdings LP, Deuter Sport GmbH, Exxel Outdoors LLC, Gregory Mountain Products Company Stores LLC, Newell Brands Inc., Thule Group AB, and Vista Outdoor Inc. are among some of the major market participants.
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Growth of tourism industry has been instrumental in driving the growth of the market.
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Outdoor Backpacks Market 2020-2024: Segmentation
Outdoor Backpacks Market is segmented as below:
Hypermarkets And Supermarkets
Above 60 Liters
Based on geographic segmentation, over 36% of the market growth originated from North America during the forecast period. In addition, specialty stores led the growth under the distribution channel segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Outdoor Backpacks Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The outdoor backpacks market report covers the following areas:
Outdoor Backpacks Market Size
Outdoor Backpacks Market Trends
Outdoor Backpacks Market Industry Analysis
This study identifies the increasing number of government initiatives to promote outdoor recreational activities as one of the prime reasons driving the Outdoor Backpacks Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Outdoor Backpacks Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist outdoor backpacks market growth during the next five years
Estimation of the outdoor backpacks market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the outdoor backpacks market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of outdoor backpacks market, vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Capacity
Comparison by Capacity placement
15-35 liters - Market size and forecast 2019-2024
36-60 liters - Market size and forecast 2019-2024
Above 60 liters - Market size and forecast 2019-2024
Market opportunity by Capacity
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Geographic Landscape by Volume
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Amer Sports Corp.
AMG Group Ltd.
Columbia Sportswear Co.
Dakine IP Holdings LP
Deuter Sport GmbH
Exxel Outdoors LLC
Gregory Mountain Products Company Stores LLC
Newell Brands Inc.
Thule Group AB
Vista Outdoor Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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