According to a new report, published by KBV research, The Global Sleeping Bag Market size is expected to reach $2.1 billion by 2031, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 18,354.17 thousand units, experiencing a growth of 23.3% (2020-2023).
The Synthetic Fill segment is leading the Global Sleeping Bag Market by Material in 2023; thereby, achieving a market value of $1.3 billion by 2031. This growth is driven by synthetic insulation materials' affordability, versatility, and improved performance. Due to their lower cost than down fill, synthetic sleeping bags appeal to a broad range of consumers, including budget-conscious campers and families. Additionally, synthetic fill’s superior performance in wet conditions, retaining insulation properties even when damp, makes it ideal for diverse weather environments.
The Mummy segment is experiencing a CAGR of 6% during (2024 - 2031). Designed for superior thermal efficiency and lightweight performance, mummy sleeping bags cater to the needs of backpackers, mountaineers, and cold-weather campers. Innovations in insulation technology, including advanced synthetic and down materials, have enhanced their warmth-to-weight ratio, making them indispensable for serious outdoor enthusiasts. The segment's growth is supported by a loyal customer base that values mummy sleeping bags' technical features and reliable performance in harsh conditions.
The Luxury segment generated the maximum revenue in the Global Sleeping Bag Market by Price Point in 2023; thereby, achieving a market value of $754.9 million by 2031. Luxury sleeping bags often feature premium down fill, such as ethically sourced goose down, combined with innovative synthetic materials like Polarguard or Thermolite for enhanced performance. These products are designed for serious outdoor enthusiasts, adventurers, and professionals who demand warmth, weight, and durability.
The Supermarkets & Hypermarkets segment would exhibit a CAGR of 5.9% during (2024 - 2031). These large retail chains offer the convenience of one-stop shopping, where consumers can purchase sleeping bags, regular groceries, and household items. Supermarkets and hypermarkets often provide a range of sleeping bags at various prices, catering to budget-conscious shoppers and casual campers who prioritize convenience and accessibility. The widespread presence of these stores, combined with frequent promotional offers and discounts, makes them an attractive option for many consumers.
Full Report: https://www.kbvresearch.com/sleeping-bag-market/
The North America region dominated the Global Sleeping Bag Market by Region in 2023; thereby, achieving a market value of $774.7 million by 2031. The Europe region is poised to grow at CAGR of 5.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.3% during (2024 - 2031).
By Material (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Price Point (Volume, Thousand Units, USD Billion, 2020-2031)
By Sales Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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