As per newly released data by Future Market Insights (FMI), the global backpacker gears market is estimated at approximately USD 900 Million in 2022 and is projected to reach USD 1,770.44 Million by 2032, at a CAGR of 7.0% from 2022 to 2032. The share of the backpacker gears market in its parent market (Hiking & Equipment Market) is approximately 10% - 15%.
| Attribute | Details |
|---|---|
| Estimated Backpacker Gears Market Size 2022 | ~USD 900.00 Million |
| Projected Backpacker Gears (2032) Market Size | USD 1770.44 Million |
| Value CAGR (2022 to 2032) | 7.0% |
| Backpacker Gears Market Top Players Share in 2021. | 8% - 12% |
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Travelers entail traveling to other towns, cities, mountains, or countries for various reasons. Nowadays there is a rising demand for adventure activities among the young generation. The generation wants to explore the environment, study nature, and also want to have fun. The increasing inclination towards ecological tours, health and lifestyle, and short recreational activities, are rising demands for backpack gear.
Since there is a rise in demand for such recreational activities various companies are taking initiatives to make innovative backpack gear by making it lightweight or combining it with technology or enhancing safety for the comfort and convenience of the traveler.
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Social networking sites like Facebook, Twitter, and Instagram have widened the reach of promotions through online advertisements, enabled content providers to spread information via digital media, and enabled people to connect and fill gaps in their social networks.
In recent years various YouTubers have started promoting backpacking gears on their YouTube channels. Whereas, even various companies are collaborating with the leading social media travel influences for promoting or launching their products in the form of takeaways, or promotional events. The promoters attract consumers and this help to generate the demand for backpack gear among travelers.
The stress level of the global population has significantly increased over the last few years. The effect is taking place due to frequent changes in lifestyle habits due to workload, social and environmental impact, political landscape, and other crises.
Therefore, travelers participate in various outdoor activities such as hiking, trekking, camping, bike riding to take a break and rejuvenate their mental and physical health. Also, the various originations create awareness of stress relief tours and campaigns. Hence, increasing demand for physical and mental benefits and the rise in outdoor activates generate high demand for this backpack gears market.
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Environmental Pioneer to Lead Backpack Gears Market with Eco-friendly Gears
Sweden is an environmental pioneer. Sweden is being on the top ten lists of the global environmental performance index for more than a decade. According to International Energy Agency (IEA), Sweden’s energy policy has set a goal for sustainability, being fossil-free, and making use of 100% renewable energy by 2045. The consumer in Sweden demand eco-friendly products.
Therefore, companies in Sweden are producing and promoting eco-friendly products on a big scale. For example, Fjällräven a Swedish company manufacturing backpack gears with eco-friendly and sustainable materials from recycled woo, organic hemp, and recycled polyester.
Green business practices are the backbone of the company's manufacturing process. As a result, various other businesses have begun to take the lead in developing sustainable bag pack items.
Appalachian Trails to Drive the Backpackers Market in America
America is the largest market for backpack gear and equipment. Consumers are indulging in more outdoor activities, and adventure activities to take a break from their daily busy schedule. The trend of experiencing Appalachian trails trek is attracting hikers for the activity of climbing a mountain.
According to the report published by Appalachian Trail Conservancy (ATC), the count of hikers attempting a climb from Georgia to Maine has doubled in 7 years from 1460 hikers in 2010 to 3735 climbers in 2017. Also, the Pacific Crest Trail (PCT) from Mexico to Canada covering California, Oregon, and Washington is attracting hikers. These events and its trend are driving the sales of the Backpackers Market in North America.
Footwear The Most Preferable Gear
According to the analysis, in terms of product type, there is more demand for footwear among travelers. The traveler intends to wear appropriate footwear during the trip. As a result, a traveler is more specific about things like quality, water resistance, comfort, and numerous factors. With an increase in tours and journeys, the need for footwear is also anticipated to increase.
Demand for the Gears Is Expected To Remain High Among Young and Middle Age Generation
In terms of age group, the number of tourists in the age bracket of 15-25 years and 26-35 years is expected to boost the market significantly, since this demographic is more inclined towards health and lifestyle, fitness, exploration, leisure, etc. and is more interested to study nature.
Hence more rises in trips and tours will generate more demand for backpack gear. Also, social media promotion may have an influential impact to buy this gear.
Hikers to Rise Backpack Gears Market
In terms of application, hiking is mostly preferred by tourists. People from all age groups love to do hiking. In recent years there is a growing attraction for treks in parts of Asia. With the rise of participants in hiking and events, there is a rise in demand for backpack gear. Also, there will be a rise in demand for technological advancement in the gears such as GPS backpacks, charging facilities, etc.
Leading players operating globally in the market are focusing on expansion in multiple equipment, accessories, and new innovative gear launches in order to expand their business globally.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & MEA |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Argentina, Colombia Germany, The UK, France, Italy, Russia, South Africa, Turkey, UAE, Egypt, Jordan China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Philippines, Australia & New Zealand. |
| Key Segments Covered | Product Type, Application Type, Distribution Type, Consumer Orientation, Age Group, and Region. |
| Key Companies Profiled | VF Corporation (The North Face); Decathlon; Trek kit; Mountain Hardware; Black Diamond Equipments ltd.; Amer Sports; Newell Brands; Woodland; Mont-Bell Co. Ltd.; Rebook; Craghoppers; Wildcraft; Quechua; Columbia Sportsware Co.; Sierra Designs; Tatonka GmbH; ACE Cultural Tours; Outside Interactive, Inc.; Patagonia Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global backpacker gears market reached a valuation of approximately USD 900 Million in 2022.
Growing popularity of adventure trips and treks, innovative gears, new tour launches, and increasing mergers and acquisitions etc. are the key trends in the market.
Leading players operating in the global backpacker gears market are VF Corporation, Black Diamond Equipments Ltd., Amer Sports, Outside Interactive, Inc., AMG Group, Tatonka GmbH, Wildcraft are among others.
The North America backpacker gears market is projected to grow at a 22.0% CAGR over the forecast period.
The Asia-Pacific backpacker gears market is projected to grow at a 30.0% CAGR over the forecast period.
Leading players in the global backpacker gears market are estimated to account for approximately ~8%-12% of the total market share.
The Europe backpacker gears market is anticipated to expand at 25.0% CAGR over the forecast period.
1. Executive Summary | Backpacker Gears Market 2. Market Introduction 3. Global Tourism Industry Analysis 4. Global Backpacker Gear Market Dynamics 5. Market Background 6. Categorizing of Global Backpack Gears Market 2021 6.1. Current Market Analysis By Product Type (% of Demand) 6.1.1. Clothes 6.1.2. Footwear 6.1.3. Backpacks 6.1.4. Equipment 6.1.5. Others 6.2. Current Market Analysis By Application Type (% of Demand) 6.2.1. Trekking 6.2.2. Rafting 6.2.3. Hiking 6.2.4. Camping 6.2.5. Skiing 6.2.6. Others 6.3. Current Market Analysis By Booking Channel (% of Demand) 6.3.1. Speciality Stores 6.3.2. Retail Stores 6.3.3. Online 6.4. Current Market Analysis By Consumer Orientation (% of Demand) 6.4.1. Men 6.4.2. Women 6.4.3. Children 6.5. Current Market Analysis By Age Group (% of Demand) 6.5.1. 15-25 Years 6.5.2. 26-35 Years 6.5.3. 36-45 Years 6.5.4. 46-55 Years 6.6. Current Market Analysis By Region (% of Demand) 6.6.1. North America 6.6.2. Latin America 6.6.3. Europe 6.6.4. East Asia 6.6.5. South Asia 6.6.6. Oceania 6.6.7. Middle East and Africa (MEA) 7. Categorizing of North America Backpack Gears Market 2021 8. Categorizing of Latin America Backpack Gears Market 2021 9. Categorizing of Europe Backpack Gears Market 2021 10. Categorizing of East Asia Backpack Gears Market 2021 11. Categorizing of South Asia Backpack Gears Market 2021 12. Categorizing of Oceania Backpack Gears Market 2021 13. Categorizing of Middle East and Africa Backpack Gears Market 2021 14. Competition Analysis 14.1. VF Corporation (The North Face) 14.2. Decathlon 14.3. Trek kit 14.4. Mountain Hardware 14.5. Black Diamond Equipments Ltd. 14.6. Amer Sports 14.7. Newell Brands 14.8. Woodland 14.9. Mont-Bell Co. Ltd. 14.10. Reebok 14.11. Craghoppers 14.12. Wildcraft 14.13. Quechua 14.14. Columbia Sportswear Co. 14.15. Sierra Designs 14.16. AMG Group 14.17. Tatonka GmbH 14.18. Outside Interactive Inc. 14.19. Other Players (As Per Request) 15. Consumer Sentiment Analysis 16. Social Media Sentimental Analysis 17. Assumptions and Acronyms Used 18. Research Methodology
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Global Backpacker Gears Market
