Press Release

Feb, 13 2024

Increasing Prominence of Outdoor Sports, Travel, and Tourism is Expected to Drive the Growth of U.S. Backpack Market

Outdoor activities such as hiking, camping, and backpacking necessitate the usage of specialized backpacks that can withstand a variety of weather conditions, provide ample storage, and give comfort over long periods of time. The growing popularity of these activities drives up demand for backpacks with features such as weather resistance, multiple compartments, and ergonomic designs.

Furthermore, the increase in travel and tourism drives up the need for backpacks as versatile travel companions. Modern travelers, particularly those seeking adventure and exploration, want backpacks that are not only utilitarian but also fashionable and adaptable to varied locations. The U.S. backpack market may capitalize on this trend by providing travel-friendly designs, smart organizing features, and better security measures that coincide with the changing demands of travel-savvy customers.

Access Full Report @ https://www.databridgemarketresearch.com/pt/reports/us-backpack-market

Data Bridge Market Research analyzes that the U.S. Backpack Market is expected to reach USD 6,678.47 million by 2031 from USD 5,132.22 million in 2023, growing with a CAGR of 3.4% in the forecast period of 2024 to 2031.

Key Findings of the Study

U.S. Backpack Market

Rise in the Working Population along with Increasing Employment

With a greater working population, professionals in a variety of industries need efficient solutions for transporting their essentials to and from work. Backpacks are a simple and hands-free choice for transporting laptops, paperwork, and personal things. Demand for work-friendly backpacks has increased as the modern workforce values mobility and flexibility, generating a substantial market potential for manufacturers to create business-centric designs that combine functionality and a professional style.

Furthermore, the changing nature of work, with an emphasis on remote and flexible arrangements, has led to an increase in the demand for backpacks designed to hold digital gadgets and remote work supplies. Backpacks with dedicated laptop compartments, organizing pockets, and ergonomic designs are becoming increasingly popular as professionals frequently switch between home and office environments.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022  (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million

Segments Covered

Product Type (Work Bags, Sports, Travel, Hiking/Camping, and Others), Material (Nylon, Polyester, Leather, and Others), Capacity (30-60 Liters, 15-35 Liters, Below 15 Liters, and Above 60 Liters), Distribution Channel (Offline and Online)      

Country Covered

U.S.

Market Players Covered

VF Corporation (U.S.), Nike, Inc. (U.S.), New Balance (U.S.), PUMA SE (Germany), Under Armour Inc. (U.S.), ADIDAS AG (Germany), ASICS Corporation (Japan), HPG (U.S.), La Sportiva S.p.A. (Italy), Lotto Spa (China), and Osprey (U.S.) among others

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior

Segment Analysis

The U.S. backpack market is segmented into four notable segments based on product type, material, capacity, and distribution channel.

  • On the basis of product type, the market is segmented into work bags, sports, travel, hiking/camping, and others

In 2024, the work bags segment is expected to dominate the U.S. backpack market

In 2024, the work bags segment is expected to dominate the market with a 39.92% market share due to its versatility and functionality as they are designed with features such as laptop compartments and organizational pockets, meeting the specific needs of professionals and students.

  • On the basis of material, the market is segmented into nylon, polyester, leather, and others.

In 2024, the nylon segment is expected to dominate the U.S. backpack market

In 2024, the nylon segment is expected to dominate the market with a 46.18% market share due to its durability, lightweight nature, and water-resistant properties.

  • On the basis of capacity, the market is segmented into 30-60 liters, 15-35 liters, below 15 liters, and above 60 liters. In 2024, the 30-60 liters segment is expected to dominate the market with a 57.16% market share
  • On the basis of distribution channel, the market is segmented into offline and online. In 2024, the offline segment is expected to dominate the market with a 78.25% market share

Major Players

Data Bridge Market Research analyzes VF Corporation (U.S.), Nike, Inc. (U.S.), New Balance (U.S.), PUMA SE (Germany), Under Armour Inc. (U.S.) as major market players in this market.

For more detailed information about the U.S. backpack market report, click here – https://www.databridgemarketresearch.com/pt/reports/us-backpack-market


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