Report : South 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)
Polyester is expected to be the Fastest Growing Segment during the Forecast Period 2021–2028
According to a new market research study on “South 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$ 481.28 million by 2028 from US$ 363.90 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the South America trekking rucksack market along with the drivers and restraints pertaining to the market growth. Worthy product features, raising product innovation, and fostering popularity of outdoor sports and recreational activities are the major factor driving the growth of the South America trekking rucksack market. However, elevating demand for rental trekking gear hinders the growth of South America trekking rucksack market.
Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. In South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
The South 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 Brazil, Argentina, and Rest of SAM. In 2020, Rest of SAM held the largest share in the market, and Argentina is expected to be the fastest growing country during the forecast period.
Deuter Sport GmbH; Osprey Packs, Inc.; HYPERLITE MOUNTAIN GEAR; GRANITE GEAR LLC; and Vango are among the leading companies in the South 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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