Daypacks Market Size, CAGR, Trends 2024-2030

Executive Summary

The Daypacks market research report provides valuable insights into the current market conditions, trends, and geographical spread of the industry. The Daypacks Market is expected to grow at a CAGR of % during the forecasted period.

The market trends for Daypacks include the increasing demand for lightweight and durable backpacks, rising popularity of outdoor activities and adventure sports, and growing awareness about sustainable and eco-friendly materials. Other trends include the incorporation of advanced features such as hydration systems, USB charging ports, and RFID blocking technology in daypacks.

In terms of geographical spread, North America (NA) and Europe are key markets for daypacks due to the high adoption rate of outdoor activities and the presence of major players in these regions. Asia-Pacific (APAC) is also a growing market for daypacks, driven by increasing disposable income, urbanization, and changing lifestyles. The United States (USA) is a significant market for daypacks, with a strong consumer base interested in outdoor recreation and travel. China is also a prominent market for daypacks, fueled by the growing popularity of hiking, camping, and other outdoor activities among the Chinese population.

Overall, the Daypacks market is poised for significant growth in the coming years, driven by consumer preferences for functional and stylish backpacks, increasing participation in outdoor activities, and the introduction of innovative features by manufacturers. As the market continues to evolve, companies in the daypacks industry will need to stay attuned to changing consumer preferences and emerging trends to remain competitive and capitalize on growth opportunities.

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Market Segmentation:

This Daypacks Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Daypacks Market is segmented into:

• The North Face(VF Corporation)
• Arc'teryx(ANTA Sports Products)
• Black Diamond Equipment
• Decathlon
• Deuter Sport
• Fjällräven
• Free Range Equipment
• Global Uprising PBC
• Gregory Mountain Products
• Hyperlite Mountain Gear
• Kelty
• Matador
• Mystery Ranch
• Osprey Packs
• Recreational Equipment
• Sea to Summit
• Six Moon Designs
• Ultimate Direction(Exxel Outdoors)

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The Daypacks Market Analysis by types is segmented into:

• <=10L
• 10.1L-20L
• 20.1L-30L
• >30L

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The Daypacks Market Industry Research by Application is segmented into:

• Supermarkets(Offline)
• Exclusive Stores(Offline)
• Online

In terms of Region, the Daypacks Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Daypacks Market

Key drivers in the daypacks market include consumers' increasing focus on outdoor activities, travel, and convenience, as well as the growing popularity of eco-friendly and sustainable products. Additionally, advancements in technology have led to the development of more innovative and durable daypacks. However, barriers in the market include price sensitivity among consumers, competition from alternative products like sling bags and messenger bags, and the challenge of standing out in a saturated market with numerous brands and products.

Challenges faced in the daypacks market include the impact of the COVID-19 pandemic on consumer behavior and travel restrictions, as well as fluctuating raw material costs and supply chain disruptions. Additionally, the need for continuous product innovation and differentiation to meet changing consumer preferences and demands poses a challenge for manufacturers in the daypacks market. Lastly, increasing competition from new entrants and established brands adds to the competitive landscape and requires companies to constantly adapt and evolve their strategies to stay relevant in the market.

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Competitive Landscape

The North Face (VF Corporation) is a well-known American outdoor recreation company that was founded in 1966. The brand specializes in outdoor equipment and clothing, including daypacks. The North Face has a strong market presence and is known for its high-quality products, innovative designs, and durability. The company has experienced steady market growth over the years and has a significant market share in the daypacks market. The North Face has a strong distribution network, with its products being sold in various retail outlets around the world.

Osprey Packs is another prominent player in the daypacks market. The company was founded in 1974 and is known for its innovative designs and high-quality products. Osprey Packs has a strong focus on sustainability and has been recognized for its commitment to reducing its environmental impact. The company has a loyal customer base and has experienced consistent market growth in recent years. Osprey Packs has a wide range of daypacks catering to different outdoor activities and user preferences.

In terms of sales revenue, Arc'teryx (ANTA Sports Products) generated approximately $500 million in sales revenue in 2020, while Deuter Sport reported sales revenue of around $100 million. Osprey Packs reported sales revenue of over $100 million in the same year. These figures indicate the strong market presence and financial performance of these companies in the daypacks market. Overall, the daypacks market is competitive, with several key players vying for market share through product innovation, marketing strategies, and a strong distribution network.

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