Report : Asia Pacific Trekking Rucksack Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Capacity (Up to 20 Litres, 20-50 Litres, and More Than 50 Litres), Material (Nylon, Polyester, Canvas, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Specialty Stores Segment to dominate Asia Pacific Trekking Rucksack Market during 2020–2028
According to a new market research study on “Asia Pacific Trekking rucksack market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Capacity, Material, and Distribution Channel,” is expected to reach US$ 1,328.14 million by 2028 from US$ 916.76 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific trekking rucksack market along with the drivers and restraints pertaining to the market growth. Burgeoning product innovation, broadening trend of flashpacking/poshpacking, and useful product features are the major factor driving the growth of the Asia Pacific trekking rucksack market. However, Up-surging demand for rental trekking gear hinders the growth of Asia Pacific trekking rucksack market.
The governments in Asia Pacific are taking possible steps to reduce the effects of COVID-19 by announcing lockdown, and thus, impact the revenue generated by the market. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon the GDP of countries such as India, and Thailand. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which have a direct impact upon the growth of industrial sectors. This may negatively impact the demand for trekking rucksacks.
The Asia Pacific trekking rucksack market is segmented on the basis of capacity, material, distribution channel, and country. Based on capacity, the trekking rucksack market is segmented into upto 24 litres, 25-50 litres, and more than 50 litres. In 2020, 25-50 litres segment held the largest share in the market and more than 50 litres is expected to be the fastest growing segment during the forecast period. On the basis of material, the trekking rucksack market is segmented into nylon, polyester, canvas, and others. In 2020, nylon segment held the largest share in the market and polyester is expected to be the fastest growing segment during the forecast period. Based on distribution channel, the trekking rucksack market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, specialty stores segment held the largest share in the market and online retail is expected to be the fastest growing segment during the forecast period. Based on country the market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest share in the market, and India is expected to be the fastest growing country during the forecast period.
Arcteryx; Deuter Sport GmbH; Osprey Packs, Inc.; HYPERLITE MOUNTAIN GEAR; GRANITE GEAR LLC; Vango; Equip Outdoor Technologies UK LTD; Mufubu; Tripole Gears; and Wildcraft are among the leading companies in the Asia Pacific trekking rucksack market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com