Backpacker Gears Market Projects to Reach US$ 1770.44 Million, Propelled by a 7% CAGR by 2032 | FMI

The global backpacker gears market is estimated at approximately US$ 900 Million in 2022 and is projected to reach US$ 1,770.44 Million by 2032, at a CAGR of 7.0% from 2022 to 2032. Share of backpacker gears market in its parent market (Hiking & Equipment Market) is approximately 10% to 15%.

Customers’ shifting priorities toward living healthier lives, for their mental health, or to relax from a hectic lifestyle have prompted the market for backpacker gear to expand. The market for backpacker gear is being driven by the growing connection of young people, particularly millennials, with activities like biking, camping, and new events or campaigns of trekking and hiking.

To cater the needs and expectations of the travelers the companies are investing in research and development for building an innovative product that will give comfort and will be convenient while traveling.

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Biolite company manufacture traveling burner called campstove 2+ with an advance technology. The device has an on-board battery of 3200 mah that can charge device. The main feature of this burner is it generates electricity from heat of the burner. Then it’s even light weight so travelers can carry this product while travelling, hiking etc.  Besides this, there are various other products like ultra-light led tends, electric portable bag packs that’s charge with the movement of traveler, flash cooking system, clothes with liners adaptive to changing environment and many more from other manufacturers of the market.

As such, the backpacker gears market is estimated to expand at a CAGR of over 7.0% throughout the forecast period of 2022-2032, to be valued at US$ 1770.44 Million by the end of 2032.

Key Takeaways from the Backpacker Gear Market Study

  • The innovative product launch from leading manufacturers of backpacker gears in going to evolve market trends. With new and innovative technology such as lightweight gears, gps enhanced bags, eco-friendly gears are attracting the customers in the market.
  • North America is the largest market for backpack gears. According to Outdoor Foundation report in year 2020, over 7 million above age 6 American have participated in at least one outdoor activity. With overwhelming participation in outdoor activities create better market opportunity for backpacker gear market.
  • The key market players making strategic alliance with key online retailers is driving the sales for backpacker gears in the market. For instance, in the year 2018 the Walmart acquired the leading outdoor retailer Moosejaw selling high end brand of backpacker gears in the market.

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Major players present in the backpacker gears market

  • VF Corporation (The North Face)
  • Decathlon
  • Trek kit
  • Mountain Hardware
  • Black Diamond Equipments ltd.
  • Amer Sports
  • Newell Brands
  • Woodland
  • Mont-Bell Co. Ltd.
  • Rebook
  • Craghoppers
  • Wildcraft
  • Quechua
  • Columbia Sportsware Co.
  • Sierra Designs
  • Tatonka GmbH
  • ACE Cultural Tours
  • Outside Interactive, Inc.
  • Patagonia Inc.

Global Backpacker Gears Market By Category

By Type, Global Backpacker Gears Market is segmented as:

  • Clothes
  • Footwear
  • Backpacks
  • Equipment
  • Others

By Application Global Backpacker Gears Market is segmented as:

  • Trekking
  • Hiking
  • Rafting
  • Camping
  • Skiing
  • Others (Biking, etc)

By Distribution Channel, Global Backpacker Gears Market is segmented as:

  • Speciality Stores
  • Retail Stores
  • Online

By Consumer Orientation, Global Backpacker Gears Market is segmented as:

  • Men
  • Women
  • Children

By Age Group, Global Backpacker Gears Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years

By Region, Global Backpacker Gears Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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