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)
Market Introduction
South America comprises of Brazil, Argentina, and Rest of SAM. Tourism industry in this region is one of the major contributors to the economic development. Many leading manufacturers’ outdoor recreational products operate in this region. South America offers lucrative opportunities for the manufacturers of trekking rucksacks, owing to increased inflow of travelers to the region, many of whom go on expedition treks. Moreover, presence of some of the leading manufacturers of the outdoor recreation industry is expected to create lucrative growth opportunities for the trekking rucksacks. South America has some of the most popular trekking destinations in the world which attracts numerous international travelers. Some of the trekking destinations include Classic Inca Trail, Paine & Fitz Roy Trek, and Patagonia adventure trek. The weather in South America depends on destinations, wherein Bogota is cold and has lots of rain whereas Machu Picchu in Peru has hot and humid weather. The different weather conditions result in different rucksack needs. For instance, treks in rainy areas require travelers to carry rucksacks made from waterproof material at all times, compared to canvas rucksacks, and would need them to carry extra protection along with tents to shield themselves from rain. The varied weather conditions have created demand for varied trekking rucksacks in the region. Between the period of 2009 and 2010, adventure hard travel population in South America grew from 1.4% to 8%, while soft adventure grew by 5% in the same period. The UNWTO Tourism Highlights 2014 noted that rising levels of disposable income in developing countries of South America has resulted in increased inbound travel activities. The increased adventure activities are expected to further aid the growth of 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.
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Market Overview and Dynamics
The trekking rucksack market in South America is expected to grow from US$ 363.90 million in 2021 to US$ 481.28 million by 2028; it is estimated to grow at a CAGR of 4.1% 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. Thus, the increasing popularity of outdoor sports and recreational activities is driving the market growth of trekking rucksacks and is expected to continue to do so during the upcoming years.
Key Market Segments
In terms of capacity, the 25-50 litres segment accounted for the largest share of the South America trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the South 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 South America 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
- To understand the South America trekking rucksack market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for South America trekking rucksack market
- Efficiently plan M&A and partnership deals in South America trekking rucksack market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America trekking rucksack market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
South America Trekking Rucksack Market – By Capacity
South America Trekking Rucksack Market – By Material
- Nylon
- Polyester
- Canvas
- Others
South America Trekking Rucksack Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
South America Trekking Rucksack Market – By Country
- Brazil
- Argentina
- Rest of SAM
South America Trekking Rucksack Market – Companies Mentioned
- Deuter Sport GmbH
- Osprey Packs, Inc.
- HYPERLITE MOUNTAIN GEAR
- GRANITE GEAR LLC
- Vango
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. South America Trekking Rucksack – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. South America Trekking Rucksack Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Worthy Product Features
5.1.2 Fostering Popularity of Outdoor Sports and Recreational Activities
5.2 Market Restraint
5.2.1 Elevating Demand for Rental Trekking Gear
5.3 Market Opportunities
5.3.1 Raising Product Innovation
5.4 Future Trends
5.4.1 Thriving Trend of Flashpacking/Poshpacking
5.5 Impact Analysis of Drivers and Restraint
6. South America Trekking Rucksack – Market Analysis
6.1 South America Trekking Rucksack Market Overview
6.2 South America Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Trekking Rucksack Market Analysis – By Capacity
7.1 Overview
7.2 South America: Trekking Rucksack Market, by Capacity
7.3 Upto 24 Litres
7.3.1 Overview
7.3.2 Upto 24 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
7.4–50 Litres
7.4.1 Overview
7.4.2–50 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
7.5 More Than 50 Litres
7.5.1 Overview
7.5.2 More Than 50 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Trekking Rucksack Market Analysis – By Material
8.1 Overview
8.2 South America: Trekking Rucksack Market, by Material
8.3 Nylon
8.3.1 Overview
8.3.2 Nylon: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Polyester
8.4.1 Overview
8.4.2 Polyester: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Canvas
8.5.1 Overview
8.5.2 Canvas: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Trekking Rucksack Market Analysis – By Distribution Channel
9.1 Overview
9.2 South America: Trekking Rucksack Market, by Distribution Channel
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Trekking Rucksack Market – Country Analysis
10.1 Overview
10.1.1 South America: Trekking Rucksack Market, by Key Country
10.1.1.1 Brazil: Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Trekking Rucksack Market, by Capacity
10.1.1.1.2 Brazil: Trekking Rucksack Market, by Material
10.1.1.1.3 Brazil: Trekking Rucksack Market, by Distribution Channel
10.1.1.2 Argentina: Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Trekking Rucksack Market, by Capacity
10.1.1.2.2 Argentina: Trekking Rucksack Market, by Material
10.1.1.2.3 Argentina: Trekking Rucksack Market, by Distribution Channel
10.1.1.3 Rest of SAM: Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Trekking Rucksack Market, by Capacity
10.1.1.3.2 Rest of SAM: Trekking Rucksack Market, by Material
10.1.1.3.3 Rest of SAM: Trekking Rucksack Market, by Distribution Channel
11. Impact of Coronavirus Outbreak on South America Trekking Rucksacks Market
11.1 Impact of COVID-19 on South America Trekking Rucksacks Market
12. Company Profiles
12.1 Deuter Sport GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GRANITE GEAR LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Vango
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Osprey Packs, Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 HYPERLITE MOUNTAIN GEAR.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Trekking Rucksack Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Trekking Rucksack Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Trekking Rucksack Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Trekking Rucksack Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Trekking Rucksack Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Trekking Rucksack Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM Trekking Rucksack Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM Trekking Rucksack Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM Trekking Rucksack Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Trekking Rucksack Market Segmentation
Figure 2. South America Trekking Rucksack Market Segmentation – By Country
Figure 3. South America Trekking Rucksack Market Overview
Figure 4. South America Trekking Rucksack Market, By Capacity
Figure 5. South America Trekking Rucksack Market, By Country
Figure 6. South America Trekking Rucksack Market, Industry Landscape
Figure 7. South America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. South America Trekking Rucksack Market Impact Analysis of Drivers and Restraints
Figure 10. South America Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South America: Trekking Rucksack Market Revenue Share, by Capacity (2020 and 2028)
Figure 12. Upto 24 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.–50 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. More Than 50 Litres: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. South America: Trekking Rucksack Market Revenue Share, by Material (2020 and 2028)
Figure 16. Nylon: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polyester: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Canvas: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America: Trekking Rucksack Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 21. Supermarkets and Hypermarkets: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Specialty Stores: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Retail: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Trekking Rucksack Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of South America Trekking Rucksack Market
Figure 26. South America: Trekking Rucksack Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Brazil: Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Trekking Rucksack Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic on Trekking Rucksacks Market in South America
- Deuter Sport GmbH
- Osprey Packs, Inc.
- HYPERLITE MOUNTAIN GEAR
- GRANITE GEAR LLC
- Vango
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America trekking rucksack market.
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