Report : North America 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)
25-50 litres Segment to dominate North America Trekking Rucksack Market during 2020–2028
According to a new market research study on “North America Trekking rucksack market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Capacity, Material, and Distribution Channel,” is expected to reach US$ 1,578.04 million by 2028 from US$ 1,166.29 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the North America trekking rucksack market along with the drivers and restraints pertaining to the market growth. Advantageous product features, gaining popularity of outdoor sports and recreational activities, and growing product innovation are the major factor driving the growth of the North America trekking rucksack market. However, increasing demand for rental trekking gear hinders the growth of North America trekking rucksack market.
North America is one of the worst-affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases of coronavirus among all key countries in the region. This has negatively impacted the consumer goods industry in the region which is due to the impact of the COVID-19 pandemic on supply & distribution chains, and nationwide lockdown. However, according to Centers for Disease Control and Prevention, approximately 186.6 million people in the US were fully vaccinated by on 7th October 2021. The government is also planning to revive their operations soon. Slowly and gradually manufacturing units are being operationalized as well as various industries are recovering which will have a positive impact on the trekking rucksacks market.
The North America 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 the US, Canada, and Mexico. In 2020, the US held the largest share in the market, and Mexico 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; Equip Outdoor Technologies UK LTD; and Mufubu are among the leading companies in the North America 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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