What is the global market size of Hydration Backpack Market?

Hydration Backpack Market size was valued at USD 343.14 million in 2021 and is poised to grow from USD 373.61 million in 2022 to USD 800.52 million by 2030, growing at a CAGR of 9.9% in the forecast period (2023-2030).

Global Hydration Backpack Market Size, Share, Growth Analysis, By End User(Sports and Military), By Distribution Channels(Supermarkets, Departmental store) - Industry Forecast 2024-2031

Report ID: SQMIG25K2064 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 61 | Figures: 78

Global Hydration Backpack Market Insights

Global Hydration Backpack Market size was valued at USD 377.88 billion in 2022 and is poised to grow from USD 414.91 billion in 2023 to USD 876.55 billion by 2031, at a CAGR of 9.8 during the forecast period (2024-2031).

Global hydration backpack market is anticipated to grow owing to increased military training and involvement in outdoor sports including running, cycling, and hiking. Some of the factors anticipated to propel the growth of the hydration backpack market during the forecast period including the rising popularity of adventurous outdoor activities, growing awareness about maintaining a healthy lifestyle, and an increase in the number of internet users in developing countries. On the other hand, the market for hydration backpacks will experience growth due to consumers' increasing interest in outdoor activities. Moreover, water temperature is maintained by superior materials and methods used by international manufacturers, making it suited for all seasons. Due to reasons including increased awareness of physical fitness, adventure experiences, and the growth of skills and abilities, sports items are evolving more quickly. The industry is expanding as a result of the numerous sports and climbing organisations spreading the word about the advantages of proper hydration and its necessity.

US Hydration Backpack Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Hydration Backpack Market Report Snapshots

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Some major multinational corporations with significant global presences are present in the hydration backpack market. In Europe, North America, and much of Asia, top manufacturers account for a considerable portion of the market. The following is a list of some of the significant innovations and tactical moves made by top manufacturers: 'CamelBak Products LLC', 'Osprey Packs, Inc.', 'Cascade Designs, Inc.', 'Deuter Sport GmbH', 'Salomon S.A.S.', 'Black Diamond Equipment Ltd.', 'Vaude Sport GmbH & Co. KG', 'Wingnut Gear LLC', 'Platypus hydration', 'Ultimate Direction', 'Dakine, Inc.', 'Hydrapak LLC', 'Gregory Mountain Products', 'Teton Sports', 'Vapur, Inc.', 'Nathan Sports, Inc.', 'Geigerrig', 'Thule Group AB', 'Source Outdoor', 'Hydration System Specialists LLC (HSS)', 'In January 2024, Kriega announced an exciting partnership with Helmet House, marking a significant step in expanding Kriega's distribution in the U.S. market. Starting January 15, 2024, Helmet House will serve as the exclusive distributor of Kriega products in the United States. Known worldwide for their top-quality motorcycle luggage, backpacks, hydration packs, and waist packs, Kriega aims to bolster its presence in the motorcycle market and uphold its commitment to delivering exceptional consumer experiences through this collaboration. Helmet House will distribute the full range of Kriega products, catering to various types of motorcycles, including sports/touring, modern/retro/classic, and adventure/off-road bikes. ', 'In December 2023, USWE Hydration Packs joined forces with the Epic Series, spanning European and African mountain bike stage races, to offer riders their expertise and top-notch products. They are set to become the official hydration pack and luggage partners of the Epic Series for 2024 and beyond. ', 'In May 2023, Lavie Sport, a well-known lifestyle brand, unveiled two new laptop bag-backpack models: the Chief Laptop Bag-backpack and the Mode Gear Laptop Bag-backpack. These bags are crafted not only to safeguard your laptop but also to ensure comfortable and convenient travels.'

As people's interest in recreational activities has grown over the world, including as a complement to their busy lives and a way to reduce stress, sports have become more popular. The market has grown as a result of increased consumer understanding of the value of following safe hiking practises and staying hydrated when participating in activities. Because of their demanding schedules and health concerns, people pick adventure activities like hiking, bicycling, skiing, and trekking to unwind. It is easier for developed and emerging countries to spend more on foreign travel and other expenses due to the improvement in the global economy and growing purchasing power events. Many chances exist to change how e-commerce is viewed as a result of the growing trend of online retailing. Due to the growing customer demand, major companies stand to significantly increase their sales and expand their regional reach.

Increasing consumer interest in outdoor sports: The onset of participation in sports and leisure activities has resulted in an increase in demand for recreational equipment, including hydration backpacks, which has facilitated the growth of the market under study. This is because there is a high demand for the product among hikers, trekkers, cyclists, and athletes, especially in developing nations. Based on variables including increased awareness of physical fitness, adventure experiences, and the development of skills and abilities, sports products have been adapting at an increasing rate over the past few years. The demand is also being further fueled by the fact that numerous sports and mountaineering organisations are promoting the value of adequate hydration and its associated advantages.

North America dominated the global market. In the upcoming years, product demand is anticipated to be fueled by increased product visibility and the region's well-established sports industry. While outdoor activities are becoming increasingly popular in the region, hydration backpacks, particularly hiking hydration backpacks, continue to enjoy tremendous growth in popularity. Hydration backpacks are becoming more popular among customers since they assist people stay properly hydrated while participating in outdoor activities.

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Global Hydration Backpack Market Size, Share, Growth Analysis, By End User(Sports and Military), By Distribution Channels(Supermarkets, Departmental store) - Industry Forecast 2024-2031

Global Hydration Backpack Market Insights

Global Hydration Backpack Market Report Snapshots

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