Market Introduction
The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Trekking is one of the popular activities in the region. People from the region are also showing a stronger interest in various outdoor activities. In South Africa, outdoor activities are an integral part of people’s lives. The various tourism trekking companies are present in the region providing high-quality services to the consumers. The growing interest of people in outdoor activities after months of lockdown is further fueling the market growth. Moreover, the growing trend of healthy lifestyle coupled with growing interest in adventure tourism across the region is increasing the demand for various trekking products including trekking rucksacks. Thus, due to the above-mentioned factors, the demand for trekking rucksacks is expected to grow during the forecast period in the Middle East & Africa region.
South Africa has the highest COVID-19 cases in the Middle East & Africa, and is followed by Saudi Arabia and the UAE, among others. UAE was the first country in the Middle East & Africa to report a confirmed case of coronavirus. The impact of lockdown in the Middle East & African countries was that there was disruption in the supply chain along with various manufacturing units being closed down. Along with this, the shutdown of retail outlets led to the reduction in the sale of various non-essential consumer goods which has negatively impacted the market for trekking rucksacks in the region.
Market Overview and Dynamics
The trekking rucksack market in Middle East & Africa is expected to grow from US$ 196.33 million in 2021 to US$ 249.89 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028. During recent years, there has been a significant rise in the popularity of recreational activities and outdoor sports. Majority of the populace, especially millennials, are focusing on their physical health and trying to achieve a balance between physical and mental health by opting for recreational and nature-based activities. Trekking is one such activity witnessing a significant surge in the current market scenario. The COVID-19 pandemic led to nationwide lockdowns across the globe, resulting in people staying at home for a long period. However, the ongoing vaccination drives and lifting of the lockdown restrictions are boosting adventure tourism and short weekend treks to nearby places. Majority of the Southeast adventure tourism spots have opened up for the international tourists. To avoid crowded tourist places, majority of the people are opting for trekking trails to exercise and escape the monotonous daily life routine.
Key Market Segments
In terms of capacity, the 25-50 litres segment accounted for the largest share of the Middle East & Africa trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the Middle East & Africa 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 Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Deuter Sport GmbH; Osprey Packs, Inc.; HYPERLITE MOUNTAIN GEAR; GRANITE GEAR LLC; and Vango among others.
Reasons to buy report
Middle East & Africa Trekking Rucksack Market – By Capacity
Middle East & Africa Trekking Rucksack Market – By Material
Middle East & Africa Trekking Rucksack Market – By Distribution Channel
Middle East & Africa Trekking Rucksack Market – By Country
Middle East & Africa Trekking Rucksack Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 196.33 Million |
| Market Size by 2028 | US$ 249.89 Million |
| CAGR (2021 - 2028) | 3.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Capacity
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Trekking Rucksack Market is valued at US$ 196.33 Million in 2021, it is projected to reach US$ 249.89 Million by 2028.
As per our report Middle East and Africa Trekking Rucksack Market, the market size is valued at US$ 196.33 Million in 2021, projecting it to reach US$ 249.89 Million by 2028. This translates to a CAGR of approximately 3.5% during the forecast period.
The Middle East and Africa 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 Middle East and Africa Trekking Rucksack Market report:
The Middle East and Africa Trekking Rucksack Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Trekking Rucksack Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Trekking Rucksack Market value chain can benefit from the information contained in a comprehensive market report.
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