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. The 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 to the needs and expectations of 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 manufactures a traveling burner called Campstove 2+ with advanced technology. The device has an onboard battery of 3200 mah that can charge the device. The main feature of this burner is it generates electricity from the heat of the burner. Then it’s even lightweight so travelers can carry this product while traveling, hiking, etc. Besides this, there are various other products like ultra-light led trends, electric portable bag packs that charge with the movement of a traveler, flash cooking systems, clothes with liners adaptive to changing environments, 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.
Who is winning?
Leading manufacturers of backpacker gears market are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of faith based tourism globally.
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
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