Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 357.24 million | USD 788.54 million | 9.2% | 2023 |
The global hydration backpack market size was evaluated at $357.24 million in 2023 and is slated to hit $788.54 million by the end of 2032 with a CAGR of nearly 9.2% between 2024 and 2032.
Hydration packs are utilized for short day hiking in small day packs and backpack trips of longer durations. Reportedly, a hydration backpack provides easy accessibility as well as hydration in situations where there is no water access as well as there is scarcity or shortage of water. Moreover, the hydration reserve helps an individual to carry large gallons of water during trip.
Rise in people's participation in outdoor activities to boost global market trends
Surging participation of individuals in outdoor sports events is likely to scale up the growth of the global hydration backpack industry. Rigorous defense training and a surge in the activities such as running, hiking, and cycling have led to massive acceptance of the product globally. The ability product and user-friendliness feature of the product help in maximizing hydration to boost the global industry trends.
Furthermore, the product manufacturers are making use of new materials and technologies which help in retaining water temperature, thereby making it suitable to use. Such moves will help the players not only establishing a strong position in the global market but also enormously shape the market growth dimensions.
Suring product prices can hamper the global industry expansion over 2024-2032
Growing difficulty in setting up the product and cleaning water in these bags can hinder the expansion of the global hydration backpack industry. Surging product costs owing to a steep rise in raw material prices due to supply chain oscillations can hinder the global industry's elevation in the upcoming years.
Surging consumer preference for outdoor sports events can open new facets of growth for the global market
Escalating customer inclination towards the outdoor sports activities will create new facets of growth for the global hydration backpack market. Growing awareness about physical fitness among individuals as well as rise in the trait of adventurism among the youth population across the globe will embellish the global market surge by 2032.
Stringent legislations about product manufacture can challenge the global industry expansion by 2032
Strict laws regulating the use and manufacture of the product can pose a huge challenge to the global hydration backpack industry's progression.
The global hydration backpack market is divided into end-user, distribution channel, and regions.
In end-user terms, the hydration backpack market across the globe is segregated into sports and military segments. Furthermore, the sports segment, which accumulated nearly half of the global market revenue in 2023, is expected to record the highest rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be subject to a steep increment in product usage by trekkers, athletes, hikers, and cyclists will spur the growth of the segment in the coming years.
On the basis of distribution channel, the global hydration backpack industry is segmented into specialty stores, online retail, and departmental stores segments. Additionally, the specialty stores segment, which acquired the largest share chunk of the global industry in 2023, is projected to lead the segmental landscape in the ensuing years. The segmental expansion from 2024 to 2032 can be due to rise in the availability of product in specialty stores in the tier II and tier III cities of the emerging economies.
Report Attributes | Report Details |
---|---|
Report Name | Hydration Backpack Market |
Market Size in 2023 | USD 357.24 Million |
Market Forecast in 2032 | USD 788.54 Million |
Growth Rate | CAGR of 9.2% |
Number of Pages | 224 |
Key Companies Covered | Hydro Flask, Gregory Mountain Products, USWE Sports AB, Vista Outdoor Inc. (CamelBak), Columbia Sportswear Company, Mazama Designs LLC, Source Tactical Gear, Osprey Packs Inc., High Sierra, TETON Sports, and others. |
Segments Covered | By End-User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain the leading position in the global hydration backpack market in the ensuing years
North America, which contributed the highest percentage to the global hydration backpack market share in 2023, is expected to lead the global market in the coming eight years. Moreover, the regional market expansion in the next couple of years can be due to the well-established sports sector in countries such as the U.S. and Canada. Apparently, a rise in product visibility in these countries will further contribute to the regional market trends.
Asia-Pacific hydration backpack industry is expected to register the fastest CAGR in the forecast timeline. The elevation of the industry in the APAC region over the coming eight years can be credited to the enormous presence of key manufacturers and vendors in countries such as India and China.
Apart from this, growing consciousness among the people about health & fitness has led to a surge in trekking & sports activities in these countries, thereby paving the way for the tremendous growth of the industry in the sub-continent.
The global hydration backpack market profiles key players such as:
By End-User
By Distribution Channel
FrequentlyAsked Questions
Hydration packs are utilized for short day hiking in small day packs and backpack trips of longer durations.
The global hydration backpack market growth over forecast period can be owing to a surging participation of individual in outdoor sports events.
According to a study, the global hydration backpack industry size was $357.24 million in 2023 and is projected to reach $788.54 million by the end of 2032.
The global hydration backpack market is anticipated to record a CAGR of nearly 9.2% from 2024 to 2032.
The Asia-Pacific hydration backpack industry is set to register the fastest CAGR over the forecasting timeline owing to enormous presence of key manufacturers and vendors in the countries such as India and China. Apart from this, growing consciousness among the people about health & fitness has led to a surge in the trekking & sports activities in these countries, thereby paving a way for the tremendous growth of the industry in the sub-continent.
The global hydration backpack market is led by players such as Hydro Flask, Gregory Mountain Products, USWE Sports AB, Vista Outdoor Inc. (CamelBak), Columbia Sportswear Company, Mazama Designs, LLC, Source Tactical Gear, Osprey Packs Inc., High Sierra, and TETON Sports.
The global hydration backpack market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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