Market Introduction
The Asia Pacific region comprises countries such as Australia, China, India, Japan, South Korea, and other Asian countries. In the Asia Pacific region, the tourism industry has seen impressive growth in recent years. The growth of the trekking rucksack market in the Asia Pacific region is mainly attributed to the rise in the number of outdoor and recreational activities. The importance of outdoor activities is increasing among people due to fitness trends, and recreational activities. The consumer attraction towards different outdoor activities such as trekking and others across the region is growing. Many people from the region are opting to go for frequent treks and camps. The growing preference of people for various outdoor activities encourages them to invest in commodities necessary for these activities. The rucksack is one of the essential items in trekking. These rucksacks carry all essential items. The rucksacks allow carrying heavy loads more easily. Trekking helps to improve physical health immensely. Hence, the increase in outdoor activities in the region will boost the demand for various trekking equipment including trekking rucksacks in the region.
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.
Market Overview and Dynamics
The trekking rucksack market in Asia Pacific is expected to grow from US$ 916.76 million in 2021 to US$ 1,328.14 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Trekking rucksack is a type of backpack with additional pockets and hip or chest belts to carry a heavier load while trekking. Trekkers use a rucksack while on a day hike or short overnight trek to carry essential apparel, equipment, or accessories required during the trek. A suitable rucksack is light weight, waterproof, expandable, offers good back ventilation, has good pocket organization, durable zippers, and adjustable belts. Such beneficial features of trekking rucksacks make them a desired choice amongst trekkers to carry necessary items such as water, additional clothing, food, and others. Rucksacks, along with being ultra-lightweight, are also spacious to hold all the necessary items required during a trek. A rucksack with a capacity of more than 50 litres is suitable for weekend hikes as well as for week-long backpacking adventures. The adjustable belts and straps incorporated on the rucksack ensure a smooth and comfortable trekking experience as the position of the rucksack can be adjusted according to the torso length and waist size of the trekker. Additionally, the shoulder straps/belts are padded with honeycomb structure to evenly spread the pressure and experience a comfortable trek. The adjustable feature of the body–hugging belts and straps also helps in maintaining proper balance while trekking. During summers, a rucksack with proper back ventilation is the perfect choice as the free span mesh at the back of the rucksack keeps the trekkers back cool and sweat free. Yet another beneficial feature is the waterproof fabric used to manufacture the rucksack. In most of the highly priced rucksacks, a double waterproof fabric is used to ensure no water is soaked by the backpack’s fabric and the content kept inside are safe and dry. A waterproof rucksack is the utmost choice for trekkers due to the changing weather conditions, resulting in non-seasonal rains; and the need to cross small rivers and lakes during the trek. Majority of the rucksacks are expandable with proper pocket organization and durable zippers fitted in them. The expandable feature allows trekkers to carry non-essential items with them along with the essential items. Whereas a good and strategic pocket organization ensures that the trekker can easily access the pockets while trekking without the need to frequently stop in the way to remove/keep items from/in the pocket. The durable zippers in a trekking rucksack keep the rucksack closed and its item intact. Such zippers do not tear up when access items are fitted inside the rucksack. Owing to such beneficial properties, rucksacks are witnessing increasing demand amongst the trekkers, which in turn is boosting the growth of trekking rucksacks market.
Key Market Segments
In terms of capacity, the 25-50 litres segment accounted for the largest share of the Asia Pacific trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the Asia Pacific trekking rucksack market in 2020. In term of distribution channel, the specialty store segment held a larger market share of the trekking rucksack market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the trekking rucksack market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arcteryx; Deuter Sport GmbH; Osprey Packs, Inc.; HYPERLITE MOUNTAIN GEAR; GRANITE GEAR LLC; Vango; Equip Outdoor Technologies UK LTD; Mufubu; Tripole Gears; and Wildcraft among others.
Reasons to buy report
Asia Pacific Trekking Rucksack Market – By Capacity
Asia Pacific Trekking Rucksack Market – By Material
Asia Pacific Trekking Rucksack Market – By Distribution Channel
Asia Pacific Trekking Rucksack Market – By Country
Asia Pacific Trekking Rucksack Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 916.76 Million |
| Market Size by 2028 | US$ 1,328.14 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Capacity
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Trekking Rucksack Market is valued at US$ 916.76 Million in 2021, it is projected to reach US$ 1,328.14 Million by 2028.
As per our report Asia Pacific Trekking Rucksack Market, the market size is valued at US$ 916.76 Million in 2021, projecting it to reach US$ 1,328.14 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The Asia Pacific Trekking Rucksack Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Trekking Rucksack Market report:
The Asia Pacific Trekking Rucksack Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Trekking Rucksack Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Trekking Rucksack Market value chain can benefit from the information contained in a comprehensive market report.
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