Market Introduction
The trekking rucksack consumption of North America has been one of the highest in the world as the region consists of popular trekking trails. The Colorado Rocky Mountains and the pacific crest trail to the Appalachian Trail are some of the famous trekking destinations attracting people from North America as well as all over the world. The large prevalence of trekking groups presents in the region ensure continuous inflow of numerous people for trekking, therefore positively affecting the consumption of trekking rucksacks. As per a report published by outdoor industry association, thirty-four percent of outdoor consumers come from cities. The outdoor consumer group comprises of active, ethnically diverse, and young people who spend the most on outdoor gears. Moreover, older citizens are also getting involved in the outdoor activities to keep their health in check, wherein smaller treks are now witnessing greater popularity in the region. Additionally, parents are encouraging kids to take part in outdoor activities such as trekking as a part of healthy lifestyle.
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.
Market Overview and Dynamics
The trekking rucksack market in North America is expected to grow from US$ 1,166.29 million in 2021 to US$ 1,578.04 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Product innovation is an opportunistic growth strategy adopted by the market players to achieve a higher competitive edge over their competitors. Continuous investment in research and development is of utmost importance to launch innovative products in the market that cater to the changing consumer preferences. Surging use of rucksacks during trekking has brought up the various product features lacking in the existing products available in the market. Consumers are preferring ultra-lightweight, waterproof, and smart rucksacks. Thus, market players are introducing innovative trekking rucksacks and striving in this highly competitive market. Trekking rucksack manufacturers are focusing on the quality, material, and weight of the product to tackle the changing environmental conditions and evolving consumer preferences. For instance, Amer Sports, through its Arc'teryx brand provides waterproof rucksacks made from perfluorinated chemicals (PFCs) to cater the increasing demand for waterproof trekking rucksacks. Market players are also focusing on offering customized trekking rucksacks for women. There has been a continuous rise in the number of female trekkers. Thus, it is crucial to target such a lucrative customer segment by offering customized product solutions. Vendors such as Osprey Packs, Inc., and Mountain Hardwear offer trekking rucksacks specifically designed for women. The rucksacks are designed by fitting a back panel and shoulder straps to provide comfort to women trekkers. Customized rucksacks for women have a shorter torso length, enhanced shape, aesthetic appeal, setup, privacy, and spaciousness. Smart rucksacks introduced by the market players are incorporated with a charging port to enable trekkers to charge their mobile phones or other equipment while on a trek. Such products are also multipurpose in function as they can be used for trekking, camping, biking, hunting, hiking, and others. Hence, continuous product innovation to cater the changing customer preferences is expected to render profitable growth opportunities to the vendor’s active in the trekking rucksacks market.
Key Market Segments
In terms of capacity, the 25-50 litres segment accounted for the largest share of the North America trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the North America 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 North America 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; Equip Outdoor Technologies UK LTD; and Mufubu among others.
Reasons to buy report
North America Trekking Rucksack Market – By Capacity
North America Trekking Rucksack Market – By Material
North America Trekking Rucksack Market – By Distribution Channel
North America Trekking Rucksack Market – By Country
North America Trekking Rucksack Market – Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,166.29 Million |
| Market Size by 2028 | US$ 1,578.04 Million |
| CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Capacity
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Trekking Rucksack Market is valued at US$ 1,166.29 Million in 2021, it is projected to reach US$ 1,578.04 Million by 2028.
As per our report North America Trekking Rucksack Market, the market size is valued at US$ 1,166.29 Million in 2021, projecting it to reach US$ 1,578.04 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The North America 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 North America Trekking Rucksack Market report:
The North America Trekking Rucksack Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Trekking Rucksack Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Trekking Rucksack Market value chain can benefit from the information contained in a comprehensive market report.
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