The global sleeping bag market was valued at $1.43 billion in 2021, and is projected to reach $2.50 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.Sleeping bag is widely used in outdoor activities that is majorly consider for protection during bad weather. In addition, it is weather resistant as well as lightweight propel the demand in the sleeping bag market. North America holds the largest share in the market followed by Europe, Asia-Pacific and LAMEA region. Recent development of numerous sleeping bag and manufacturing technology is expected to further boost the market growth in North America region.
Europe holds second largest share in the sleeping bag market due to rise in disposable income and growing popularity of various sleeping bag has led to increase in demand for sleeping bag is expected to drive the Europe sleeping bag market. Furthermore, Asia-Pacific region is a fastest growing region attributed to increase in disposable income and high demand for comfortable and feasible sleeping bag are expected to increase the demand for sleeping bag over the forecast period. Furthermore, LAMEA region is at nascent/developing stage and is expected to have a decent growth accounting to rapid rise in middle class population.
The factors that are driving the market such as rising preference in recreational activities. In addition, there is a surge in number of professional mountaineers and climbers across the globe boosting the demand in sleeping bag market. However, growing availability of substitute products likely to restraint the growth of the market.
Sleeping bag market has expected to grow at moderate rate and has numerous opportunities to create the significant demand in forecast year. Moreover, demand for eco-friendly sleeping bags is one of the crucial factors in this market likely to boost the market. Material used in sleeping bags has found to be harmful for environment due to various factors such as cannot be recycled, it is not biodegradable. Also, it creates toxic microfibers in the manufacturing process affects the environment in the negative way.
The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world. The increase in reported cases has caused a global lockdown and restricted supply chains. Consumer discretionary spending has decreased, and businesses have noticed a behavioural shift toward safer and more durable products. Furthermore, through engagement campaigns, manufacturers are strengthening their e-commerce channel and increasing consumer engagement on their websites.
The sleeping bag market is segmented on the basis of type, material, price point, sales channel, and region. On the basis of type, the market is categorized into mummy sleeping bag, rectangular sleeping bag, and others. Further, synthetic fill is bifurcated into polarguard, thermolite, and others. Based on material it divided into down fill and synthetic fill. Based on price point, the market is segregated into low, mid and luxury. According to sales channel, the sleeping bag market is fragmented into supermarkets and hypermarkets, specialty stores, e-commerce and others. Region-wise, the market is analysed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Italy, Germany, Spain, Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates and the rest of LAMEA).
The major players operating in the global sleeping bag market are AMG Group, The Coleman Company, Inc., Columbia Sportswear, Exxel Outdoors, Gerlert, Jack Wolfskin, Johnson Outdoors, Kefi Outdoors, Kelty, NEMO Equipment, Inc., Oase Outdoors, Recreational Equipment, Inc., Snugpak, TETON Sports and THE NORTH FACE. The market players have implemented strategies such as business expansion and product launch to increase the demand and sale of the sleeping bag in the market.
Europe holds second largest share in the sleeping bag market due to rise in disposable income and growing popularity of various sleeping bag has led to increase in demand for sleeping bag is expected to drive the Europe sleeping bag market. Furthermore, Asia-Pacific region is a fastest growing region attributed to increase in disposable income and high demand for comfortable and feasible sleeping bag are expected to increase the demand for sleeping bag over the forecast period. Furthermore, LAMEA region is at nascent/developing stage and is expected to have a decent growth accounting to rapid rise in middle class population.
The factors that are driving the market such as rising preference in recreational activities. In addition, there is a surge in number of professional mountaineers and climbers across the globe boosting the demand in sleeping bag market. However, growing availability of substitute products likely to restraint the growth of the market.
Sleeping bag market has expected to grow at moderate rate and has numerous opportunities to create the significant demand in forecast year. Moreover, demand for eco-friendly sleeping bags is one of the crucial factors in this market likely to boost the market. Material used in sleeping bags has found to be harmful for environment due to various factors such as cannot be recycled, it is not biodegradable. Also, it creates toxic microfibers in the manufacturing process affects the environment in the negative way.
The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world. The increase in reported cases has caused a global lockdown and restricted supply chains. Consumer discretionary spending has decreased, and businesses have noticed a behavioural shift toward safer and more durable products. Furthermore, through engagement campaigns, manufacturers are strengthening their e-commerce channel and increasing consumer engagement on their websites.
The sleeping bag market is segmented on the basis of type, material, price point, sales channel, and region. On the basis of type, the market is categorized into mummy sleeping bag, rectangular sleeping bag, and others. Further, synthetic fill is bifurcated into polarguard, thermolite, and others. Based on material it divided into down fill and synthetic fill. Based on price point, the market is segregated into low, mid and luxury. According to sales channel, the sleeping bag market is fragmented into supermarkets and hypermarkets, specialty stores, e-commerce and others. Region-wise, the market is analysed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Italy, Germany, Spain, Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates and the rest of LAMEA).
The major players operating in the global sleeping bag market are AMG Group, The Coleman Company, Inc., Columbia Sportswear, Exxel Outdoors, Gerlert, Jack Wolfskin, Johnson Outdoors, Kefi Outdoors, Kelty, NEMO Equipment, Inc., Oase Outdoors, Recreational Equipment, Inc., Snugpak, TETON Sports and THE NORTH FACE. The market players have implemented strategies such as business expansion and product launch to increase the demand and sale of the sleeping bag in the market.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sleeping bag market analysis from 2021 to 2031 to identify the prevailing sleeping bag market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the sleeping bag market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global sleeping bag market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Mummy Sleeping Bag
- Rectangular Sleeping Bag
- Others
By Material
- Down Fill
- Synthetic Fill
- Sub-type
- Polarguard
- Thermolite
- Others
By Price Point
- Low
- Mid
- Luxury
By Sales Channel
- Supermarkets and hypermarkets
- Specialty stores
- E commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Italy
- Germany
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- amg group ltd
- Coleman Company Inc.
- .COLUMBIA SPORTSWEAR COMPANY
- Exxel Outdoors. LLC
- gelert limited
- Jack Wolfskin
- Johnson Outdoors Inc.
- Kefi Outdoors
- KELTY
- NEMO Equipment
- Oase Outdoors
- RECREATIONAL EQUIPMENT, INC
- Snugpak
- TETON Sports
- THE NORTH FACE
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SLEEPING BAG MARKET, BY TYPE
CHAPTER 5: SLEEPING BAG MARKET, BY MATERIAL
CHAPTER 6: SLEEPING BAG MARKET, BY PRICE POINT
CHAPTER 7: SLEEPING BAG MARKET, BY SALES CHANNEL
CHAPTER 8: SLEEPING BAG MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Sleeping Bag Market," the sleeping bag market size was valued at $1.43 billion in 2021, and is estimated to reach $2.50 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.The sleeping bag is a warm lined padded bag to sleep. It is a lightweight quilt that has a zipper similar to a tube that is used for camping to sleep. They are primarily used during hiking, climbing, or filed trip. The main purpose of a sleeping bag is to keep the person warm during the night during camping. It is water-resistant and protects from wind chill, rain, snow, and light precipitation. It is found in different designs, and insulation. The insulation material used is of two types that is natural down fill and synthetic fill.
The increase in purchasing power and consumer investment on recreational activities are the factors and sleeping bag market trends that drive the sleeping bag market growth. Increase in the camping sites, field trips, and outdoor activities boost the sleeping bag market demand. However, the availability of substitute products like camping tents and other products are anticipated to hamper the growth of the global market. Growing tourism and travel industry and developments in e-commerce industry has greatly contributed to the growth factor. Furthermore, rise in in the popularity of a sleeping bag because it is convenient, comfortable, and more compact for traveling or hiking. With the launch of new innovative products with upgraded versions can create an opportunity for growth.
According to the sleeping bag market analysis, the market is segmented on the basis of type, material, price point, sales channel, and region. On the basis of type, the market is categorized into mummy sleeping bag, rectangular sleeping bag, and others. Among these, the rectangular sleeping bag segment occupied the major sleeping bag market share of the market in 2021, and is projected to maintain its dominance during the sleeping bag market forecast period. The most popular shape for recreational camping is a rectangular sleeping bag. They allow you to spread out and sleep in a natural position, making them the most comfortable shape of conventional sleeping bag. Due to the added material, they have the disadvantage of being heavier and bulkier. However, the mummy sleeping bag segment is anticipated to grow at highest CAGR in the future.
Based on material, it divided into down fill and synthetic fill. The synthetic fill segment is anticipated to grow at the highest rate during the forecast period. Sleeping bags with synthetic fill typically weigh more than down bags with the same warmth rating. As can be seen, there are advantages to choosing a synthetic sleeping bag over a down one. Synthetic bags can be less expensive than down.
As per sales channel, the sleeping bag market is fragmented into supermarkets and hypermarkets, specialty stores, e-commerce and others. The specialty stores segment is anticipated to grow at highest CAGR during the forecast period, due to the growing sales of sleeping bag through specialty stores.
In 2021, North America accounted for 37.7% in the global sleeping bag market, and is expected to maintain its dominance during the forecast period. However, Europe and Asia-Pacific are expected to possess the highest CAGRs in the global market.
Due to the rigorous lockdown measures implemented globally to try to stop the spread of coronavirus, the COVID-19 pandemic had a substantial impact on the offline distribution sector of the sleeping bag industry. To counter this, market participants embraced internet platforms and turned toward an omnichannel strategy. Manufacturers have modified their approaches to recover from the current predicament by introducing innovative innovations like antivirus mattresses. Additionally, it is anticipated that the sleeping bag market will rebound after 2021.
Many companies are investing in research and development to innovate new products or technology to survive in the long run. Companies are also taking the initiative to increase profitability and reduce the cost of production. The manufacturers are upgrading the sleeping bag with better quality material that are ultralight with aerogel insulator. The companies are making strategies to expand their business through collaboration, mergers, acquisition or investment.
The major players analyzed for global sleeping bag industry are AMG Group, The Coleman Company, Inc., Columbia Sportswear, Exxel Outdoors, Gerlert, Jack Wolfskin, Johnson Outdoors, Kefi Outdoors, Kelty, NEMO Equipment, Inc., Oase Outdoors, Recreational Equipment, Inc., Snugpak, TETON Sports and THE NORTH FACE.
Key Findings of the Study
- By type, the rectangular sleeping bag segment was the highest revenue contributor to the market, with $664.1 million in 2021, and is estimated to reach $1,164.2 million by 2031, with a CAGR of 6.0%.
- By material, the synthetic fill segment was the highest revenue contributor to the market, with $866.6 million in 2021, and is estimated to reach $1,482.4 million by 2031, with a CAGR of 5.7%.
- Depending on price point, the luxury segment was the highest revenue contributor to the market, with $527.4 million in 2021, and is estimated to reach $938.0 million by 2031, with a CAGR of 6.1%.
- As per distribution channel, the specialty stores segment was the highest revenue contributor to the market, with $688.9 million in 2021, and is estimated to reach $1,177.5 million by 2031, with a CAGR of 5.7%.
- Region wise, North America was the highest revenue contributor, accounting for $539.7 million in 2021, and is estimated to reach $900.6 million by 2031, with a CAGR of 5.5%.
Companies Mentioned
- Amg Group Ltd
- Coleman Company Inc.
- .Columbia Sportswear Company
- Exxel Outdoors. LLC
- Gelert Limited
- Jack Wolfskin
- Johnson Outdoors Inc.
- Kefi Outdoors
- Kelty
- Nemo Equipment
- Oase Outdoors
- Recreational Equipment, Inc
- Snugpak
- Teton Sports
- The North Face
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1.43 billion |
| Forecasted Market Value ( USD | $ 2.5 billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
