Global Sports Backpack Market, By Sports Type (Golf, Soccer, Baseball, Snow/Winter Sports, Football, and Other Sports), Bag Type (Single Shoulder Bag, Shoulder Bag), Materials (Leather, Canvas, Nylon and Other), Application (Loading, Ornament), Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales, Department Stores, Others), End User (Men, Women, Kids) – Industry Trends and Forecast to 2030.
Sports Backpack Market Analysis and Size
The increasing popularity of sports such as basketball, football, volleyball and many other is projected to enhance the growth of the sports backpack market. According to the Australian Sports Commission, children from 12 to 14 years age group had the highest participation in sports such as 222.1% in Australian football, 7.4% in football, 18.0% in Basketball, 11.5% in Tennis and 17.4% in Cricket. Thus, the increasing participation of children in sports activities is anticipated to increase the demand for the sports backpack in upcoming period.
Data Bridge Market Research analyses that the sports backpack market is expected to reach USD 6,998.17million by 2030, which was USD 4,560.00 million in 2022, registering a CAGR of 5.50% during the forecast period of 2023 to 2030. 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 behaviour. .
Sports Backpack Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Sports Type (Golf, Soccer, Baseball, Snow/Winter Sports, Football, and Other Sports), Bag Type (Single Shoulder Bag, Shoulder Bag), Materials (Leather, Canvas, Nylon and Other), Application (Loading, Ornament), Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales, Department Stores, Others), End User (Men, Women, Kids)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Nike, Inc.(U.S.), Puma SE (Germany), Adidas AG (Germany), ASICS India Pvt. Ltd. (India), VF CORPORATION (U.S.), Select Sport A.S. (Denmark), Callaway Golf (U.S.)
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Market Opportunities
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Market Definition
Sports backpack is used by students and hikers to carry hefty loads or any type of sports equipment. A backpack is also known as a duffel bag which is a simple form of a fabric sack worn on one's back and secured by two straps that cross the shoulders. Both external and internal frames can be found in backpacks. Sports backpacks are used to carry sports apparel and equipment’s and contain a variety of compartments that can be used to convey products.
Global Sports Backpack Market Dynamics
Drivers
- Increasing participation of consumers in outdoor activities
The increasing number of participation of consumers in outdoor activities is expected to drive the growth of the sports backpack market. As per the report of Outdoor Foundation, in the United States, the number of participants in the outdoor activities, including several sports, augmented from approximately 134.4 million in 2006 to around 146.1 million in 2017. This figure shows an expected rise in the demand for sports backpack during the forecast period.
- Growing awareness among consumers regarding obesity
Increasing awareness among consumers regarding obesity is expected to increase their involvement in sports activities. Sports participation considerably reduces the chances of obesity. According to the study which was conducted by Aspen Institute, around 39.5% of females and 35.0% of males in the U.S. are overweight. A high percentage of obesity is expected to increase the participation of consumers in sports which is likely to propel the market growth.
Opportunities
- Increasing popularity of sports tourism
Growing sports tourism is rising the popularity of sports along with increasing chances of getting broadcasted in several media channels. This factor is attracting large number of people to opt for sports as a career option. Significant growth in the sport tourism as a result of the expansion of sports facilities all over the globe is expected to increase the demand for the sports backpack which will create lucrative opportunities for the market growth in the forthcoming years.
- Rising trend of electronic retailing (E-tailing)
The growing trend of electronic retailing (E-tailing) is expected to create substantial opportunities for the major players in the sports backpack market to increase their sales and expand their presence globally. Now, several companies have successfully reached to wider consumer base by social media and then listing their sports backpack products in numerous marketplaces. The growing penetration of the internet remains an encouraging factor for companies to increase their product visibility globally
Restraints/ Challenges
- Availability of counterfeit products
Easy availability of lightweight counterfeit products of sports backpack is likely to create hindrances for the growth of the market during the forecast period. Counterfeit products of sports backpack are priced at a much lower cost as compared to the branded product's price, which is anticipated to impact the sales of the major players which are operating in the market.
- High cost of raw materials
The high cost of raw material such as nylon which is used for the manufacturing of sports backpack is expected to hamper the growth of the market during the forecast period. The production of nylon is more expensive, which results in a higher expense for the consumer.
This sports backpack market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports backpack market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sports Backpack Market Scope
The sports backpack market is segmented on the basis of sports type, bag type, materials, application, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Sports Type
- Golf
- Soccer
- Baseball
- Snow/Winter Sports
- Football
- Other Sports
Bag Type
- Single Shoulder Bag
- Shoulder Bag
Materials
- Leather
- Canvas
- Nylon
- Other
Application
- Loading
- Ornament
Distribution Channel
- Specialist Retailers
- Factory Outlets
- Internet Sales
- Department Stores
- Others
End User
- Men
- Women
- Kids
Sports Backpack Market Regional Analysis/Insights
The sports backpack market is analyzed and market size insights and trends are provided by country, sports type, bag type, materials, application, distribution channel and end user as referenced above.
The countries covered in the sports backpack market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the sports backpack market due to the growing household expenditure on sporting services and goods in this region. Moreover, increasing level of government investment for sports participation will further increase the market growth in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to the increasing Influence of health wellness and athleisure trends in this region. Furthermore, growing number of sport and fitness activities will further increase the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Backpack Market Share Analysis
The sports backpack market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sports backpack market.
Some of the major players operating in the sports backpack market are:
- Nike, Inc.(U.S.)
- Puma SE (Germany)
- Adidas AG (Germany)
- ASICS India Pvt. Ltd. (India)
- VF CORPORATION (U.S.)
- Select Sport A.S. (Denmark)
- Callaway Golf (U.S.)
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