The Europe Active Backpack Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030).
Nowadays designs are more technologically advanced, have more compartments, and incorporate advances that make it possible to carry food, clothing, and devices all at once in an organized manner. People travel from other cities, states, and countries for various reasons, including work, education, and other purposes, because of increasing urbanization and accessible commute infrastructure. The rising travel and tourism activities are predicted to support the demand.
Backpacks are more frequently utilized by hikers and students than handbags while transporting heavy equipment and goods because of handbags’ limited ability to carry heavy items. The two most popular textiles used in backpacks are polyester and nylon. Heavy textiles with a long lifespan, like canvas, can also be used to create durable bags. The growth of the market has been fuelled by the fact that many backpacks are made with travel in mind, as well as the fact that participation in adventure sports and other leisure activities do not affect the quality of products.
The natural environment influences the destination decisions of over half (49%) of all Spanish tourists. This is above the 43% average for Europe. It exceeds the national average for Germany as well. Men, baby boomers (55 and older), and people living in cities are likelier than other demographic groups to be interested in nature. Since a substantial portion of the population in the region enjoys adventure and travel, it is anticipated that demand for goods like backpacks for hiking and trekking and other similar products will rise, fuelling market expansion.
The Germany market dominated the Europe Active Backpack Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $667.3 million by 2030. The UK market is experiencing a CAGR of 7.2% during (2023 - 2030). Additionally, The France market would display a CAGR of 8.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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