Hydration Backpack Market Rising With Growth In New Technology Trends Research By 2025



The global hydration backpack market size is anticipated to reach USD 701.9 million by 2025 registering a CAGR of 12.4%, according to a new report by Grand View Research, Inc. Increasing number of hiking enthusiasts, especially in emerging economies, such as India, China, and Brazil, is expected to assist in market growth over the forecast period. Moreover, rising awareness about maintaining a healthy lifestyle has led to increased participation in various outdoor activities, such as cross country running and walking, thereby fueling the product demand.
Sports end user segment accounted for the largest market share in 2018. Various sports associations are spreading awareness about the importance of proper hydration and are advising athletes to use hydration packs, boosting the product adoption. However, the military segment is anticipated to expand at the fastest CAGR of 13.0% owing to the introduction of camouflage fabrics. Specialty store was the leading distribution channel segment in 2018 and will retain the position throughout the forecast years.
Major companies, such as Decathlon S.A. and Lululemon Athletica, Inc., are focusing on enhancing their geographic reach, which, in turn, is expected to drive the segment growth. For instance, Decathlon has around 40 stores in U.K. and plans to open a few more by the end of 2019. Online segment is anticipated to expand at the fastest CAGR of 13.1% over the forecast period. Extensive usage of smartphone and exposure to digital media, especially in developing countries like India and China, is expected to assist in product sales through online channels.
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The global market is highly competitive in nature. Top players’ operating in the market are VISTA OUTDOOR OPERATIONS LLC and Cascade Designs, Inc. Some of the key player operating in the market are Samsonite IP Holdings S.AR.L, Osprey Packs, Inc., Deuter Sport GmbH, HydraPak, LLC, Wingnut, Mazama Designs, LLC, JACK WOLFSKIN, and Columbia Sportswear Company.
Further key findings from the study suggest:
·         North America was the dominant regional market for hydration backpack in 2018 and will expand further at a steady CAGR from 2019 to 2025. The market is driven by the increasing participation in outdoor activities
·         Asia Pacific is projected to witness the fastest growth over the forecast period due to rising popularity of outdoor activities, such as trekking, cycling, and cross country running, in emerging countries
·         Moreover, rising number of retail outlets as major companies are focusing on expanding their businesses in APAC due to potential growth opportunities is expected to impel market growth
·         The global hydration packs market is highly competitive in nature. Some of the key companies are Vista Outdoor Operations LLC; Cascade Designs, Inc.;Samsonite IP Holdings S.A.R.L.; Osprey Packs, Inc.; Deuter Sport GmbH; HydraPak, LLC; Mazama Designs, LLC; Jack Wolfskin; and Columbia Sportswear Company
According to studies, hydration bladder is gaining immense popularity among trekkers in India. Around 4 to 5% trekkers use this product and the number is expected to increase in coming years, which is expected to have a favorable impact on the market growth. In addition, manufacturers are using advanced materials and technologies, which assist in maintaining water temperature, making it suitable for all seasons.
This is also likely to contribute to the hydration backpack market growth. Moreover, availability of these products in camouflage fabrics and rain cover has resulted in wide usage in military applications. Online segment is anticipated to expand at the fastest CAGR of 13.1% over the forecast period. Extensive usage of smartphone and exposure to digital media, especially in developing countries like India and China, is expected to assist in product sales through online channels.
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https://www.grandviewresearch.com/press-release/global-hydration-backpack-market
Sports segment held the largest market share in 2018 owing to high product demand among hikers, trekkers, cyclists, and athletes, especially in developing countries. In addition, various sports and mountaineering associations are spreading awareness about the importance of adequate hydration and related benefits, which is fueling the demand further.
Military segment is anticipated to expand at the fastest CAGR of 13.0% over the forecast period. Introduction of camouflage fabrics coupled with rain cover has boosted the product adoption in the segment. Moreover, availability of products with advanced technologies, which help in regulating water temperate, drives the demand.
Grand View Research has segmented the global hydration backpack market on the basis of end-user, distribution channel, and region:
Hydration Backpack End User Outlook (Revenue, USD Million, 2015 - 2025)
·         Sports
·         Military
Hydration Backpack Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Specialty Store
·         Departmental Store
·         Online Retail
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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