What is Backpack Travel Bag Market?
A backpack is a bag with straps that go over shoulders so that you can carry things on your back while you are climbing or walking. The travel backpacks give much greater mobility. There are many brands and models to choose from with varying degrees of durability, price, and try-on-ability. Nowadays, traveling requires strong and durable bags. Travel bags likewise have the special protection of the stuff from dirt, spills or raining.
Highlights from Backpack Travel Bag Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Samsonite (Hong Kong), Nike, Inc. (United States), VF Corporation (United States), Victorinox (Switzerland), Equip Outdoor Technologies (United Kingdom), Deuter Sport GmbH (Germany), Standard Luggage Co. (Canada), Timbuk2 (United States), Herschel Supply (Canada), VIP Industries Ltd. (India) and SWISSGEAR (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Backpack Travel Bag market throughout the forecasted period.
Samsonite (Hong Kong), Nike, Inc. (United States), VF Corporation (United States), Victorinox (Switzerland), Equip Outdoor Technologies (United Kingdom), Deuter Sport GmbH (Germany), Standard Luggage Co. (Canada), Timbuk2 (United States), Herschel Supply (Canada), VIP Industries Ltd. (India) and SWISSGEAR (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mystery Ranch (United States), Jansport (United States) and Osprey (United States). Backpack Travel Bag Market Segmentation:
Scope | Sub-Segments |
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Number of Compartments | More than 3 |
Size | Small [Upto 44 Linear Inches],Medium [45 Linear Inches – 90 Linear Inches],Large [More than 90 Linear Inches] |
End-User | Adult,Kids |
Material Type | Fabric,Leather,Nylon,Polyester,Synthetic,Others |
On the basis of geography, the market of Backpack Travel Bag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cumulative Trend for New Leather Skin for Bags and Introduction of Value-Added and Innovative Products by Vendors
Market Growth Drivers:
Rising Demand for Luxuries Shoulder bags as a Fashion Style & Statement and Adoption of Vintage Look is one of the major Trend in this Market
Challenges:
The backpack travel bag market is highly competitive
Restraints:
High Cost of Raw Material for Luxury Travel Luggage
Opportunities:
Growing Demand for Affordable Luxury Bags for Travel and Rising E-Commerce is Driving Growth in the Market
Key Target Audience
Manufacturers of Backpack Travel Bags, Suppliers of Backpack Travel Bags, Wholesalers, Distributors and Retailers of Backpack Travel Bags and End-Users
Market Leaders & Development Strategies
Nike acquired RTFKT in December 2021. RTFKT is a well-known brand that uses cutting-edge innovation to produce the next generation of collectibles that meld culture and gaming
The Harajuku neighbourhood of Tokyo, widely regarded as the epicentre of Japanese youth culture and fashion, is home to the new regional office of VF Corporation, a global leader in branded lifestyle clothes, footwear, and accessories