Report : Europe 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)

Nylon Segment to dominate Europe Trekking Rucksack Market during 2020–2028

According to a new market research study on “Europe Trekking Rucksack Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Capacity, Material, and Distribution Channel,” is expected to reach US$ 990.32 million by 2028 from US$ 706.38 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the Europe trekking rucksack market along with the drivers and restraints pertaining to the market growth. Growing popularity of outdoor sports and recreational activities, valuable product features, and increasing trend of flash packing/posh packing are the major factor driving the growth of the Europe trekking rucksack market. However, raising demand for rental trekking gear hinders the growth of Europe trekking rucksack market.

In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. Initially other member states had implemented drastic measures and travel restrictions, including partially closing their borders which impacted the import and export of products. The gradual upliftment of lockdown restrictions in certain countries in Europe will facilitate the recovery of various industries and logistics operations which will have a positive impact on the trekking rucksacks market. Upliftment of travel restrictions is propelling people to go on treks and hikes to nearby places. Along with this, the opening up of retail outlets as well as the supermarkets and hypermarkets will increase the availability of trekking rucksacks leading to a positive impact on the regional market.

The Europe 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 Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, the Rest of Europe region held the largest share in the market, and Germany 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; and Equip Outdoor Technologies UK LTD are among the leading companies in the Europe 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.

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