The hydration backpack market is projected to witness a CAGR of 6.4% during the forecast period (2020- 2025).
Key Highlights
- Increasing military training and participation in outdoor activities, such as hiking, cycling, and running, has resulted in the rapid adoption of hydration backpacks because they are easy to use and provide optimized hydration.
- The hassle of retrieving water bottles from the backpack makes hikers either put off water consumption or drink a large amount at a time. However, hydration backpacks eliminate this issue by allowing the user to take small sips throughout the journey and keep hydrated.
- In addition, global manufacturers are using advanced materials and technologies, which assist in maintaining water temperature, making it suitable for all seasons.
Key Market Trends
Growing Consumer Inclination Toward Outdoor Sports
The onset of engagement in sports and recreational activities has led to a surge in demand for recreational equipment, including hydration backpacks, thereby facilitating the growth of the market studied, owing to high product demand among hikers, trekkers, cyclists, and athletes, primarily in developing countries. Over the last few years, sports products have been witnessing a growing adaptation rate based on factors, such as awareness about physical fitness, experiences of adventure, and development of skills and abilities. In addition, various sports and mountaineering associations are spreading awareness about the importance of adequate hydration and related benefits, which is yet another factor fueling the demand further.
North America Emerges As The Largest Market
North America emerged as the largest regional market in 2018. Presence of various adventure sports destinations in U.S. and Canada is the key factor driving the market. According to The outdoor Foundation, hiking is the fourth popular sports in U.S. followed by biking, running, and fishing. The major factors which have leading position in propelling the growth of hydration backpacks packs market in the north american region are rising number of sports personnel which leads to increase in the usage of hydration backpacks and indeed surges the growth of the hydration pack market.Moreover, increased product visibility and a well-established sports industry in the region are expected to fuel the product demand in the years to come.
Competitive Landscape
The hydration backpack market is highly fragmented and comprises regional and international competitors. Major players are focusing on introducing new products in the market to cater to the interests of the consumers. New product development is the most preferred strategy in the global hydration backpack market. The key players are also embarking on mergers and acquisitions and entering into partnerships/agreements to achieve consolidation and optimize their offerings. Moreover, these players merge with local players to gain dominance in the local markets.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cascade Designs Inc.
- Samsonite International SA
- Osprey Packs Inc.
- Mazama Designs LLC
- Callaway Golf Company
- Columbia Sportswear Company
- Helen of Troy Limited
- Recreational Equipment Inc.
Methodology
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