The Asia Pacific Active Backpack Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030).
Active backpacks are widely used by active individuals like athletes and others who participate in sports frequently. Specialty stores typically provide various active backpacks from different brands and at various pricing range. This allows customers to compare and choose from multiple options, assisting them in finding a backpack that matches their requirements and preferences. Several factors, including increased awareness of the health benefits of regular exercise, rising disposable incomes, and easier access to a broader range of sports and fitness activities, have fuelled the popularity of sports, which further have raised the demand.
Active backpack producers must make innovations to suit shifting consumer needs as consumer preferences move towards more sustainable and environmentally friendly products. It may include investing money on new manufacturing techniques that help reducing time for manufacturing. Additionally, changing customer preferences may influence the features and functions people look for in active backpacks. As customers prioritize sustainability more, they may search for backpacks with eco-friendly components such as recycled materials or renewable energy sources.
The development of regional nations, such as India, is reliant on sports to a significant degree. In recent years, India has made consistent strides in sports activities. Additionally, the government has exhibited a favourable attitude toward sports to increase participation. The General Administration of Sport of China, the nation's top sports’ governing body, will collaborate with ministry-level departments of education, finance, housing, and urban-rural development to encourage more students to participate in sports activities. These factors are anticipated to increase sports participation in the APAC region. The region's market is expected to experience tremendous growth potential due to increased participation in sports.
The China market dominated the Asia Pacific Active Backpack Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $763.4 million by 2030. The Japan market is exhibiting a CAGR of 8.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 10% during (2023 - 2030).
Based on Type, the market is segmented into Sports, Camping & Travelling, and Hiking/Trekking. Based on Price Point, the market is segmented into $51 - $100, $101 - $150, $151 - $200, Under $50, and Above $201. Based on Size, the market is segmented into 20L-40L, 10L-20L, and Less than 10L. Based on Distribution Channel, the market is segmented into Specialty Stores, Retail Stores, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Active Backpack Market is Projected to reach USD 10.1 Billion by 2030, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsonite International S.A., JanSport (VF Corporation), Osprey Packs, Inc. (Helen of Troy Limited), Vista Outdoor, Inc. (CamelBak Products LLC), Columbia Sportswear Company, ANTA Sports Products Limited, Deuter Sport GmbH (Schwan-Stabilo Group), Exxel Outdoors, LLC, and Patagonia, Inc.
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