U.S. Backpack Market - Industry Trends and Forecast to 2031

TABLE OF CONTENTS

1 INTRODUCTION 9

• 1.1 OBJECTIVES OF THE STUDY 9
• 1.2 MARKET DEFINITION 9
• 1.3 OVERVIEW OF THE U.S. BACKPACK MARKET 9
• 1.4 CURRENCY AND PRICING 10
• 1.5 LIMITATIONS 10
• 1.6 MARKETS COVERED 10

2 MARKET SEGMENTATION 11

• 2.1 MARKETS COVERED 11
• 2.2 YEARS CONSIDERED FOR THE STUDY 12
• 2.3 GEOGRAPHIC SCOPE 12
• 2.4 DBMR TRIPOD DATA VALIDATION MODEL 13
• 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 16
• 2.6 DBMR MARKET POSITION GRID 17
• 2.7 VENDOR SHARE ANALYSIS 18
• 2.8 MULTIVARIATE MODELLING 19
• 2.9 SECONDARY SOURCES 20
• 2.10 ASSUMPTIONS 20

3 EXECUTIVE SUMMARY 21

4 PREMIUM INSIGHTS 23

• 4.1 APPLICATIONS AND PRICE ANALYSIS: U.S. BACKPACK MARKET 24
  • 4.1.1 APPLICATION AND PRICE ANALYSIS 24
  • 4.1.2 VF CORPORATION 24
  • 4.1.3 NIKE, INC. 24
  • 4.1.4 NEW BALANCE 24
  • 4.1.5 PUMA SE 24
  • 4.1.6 UNDER ARMOUR INC. 25

5 MARKET OVERVIEW 26

• 5.1 DRIVERS 28
  • 5.1.1 INCREASING PROMINENCE OF OUTDOOR SPORTS, TRAVEL, AND TOURISM 28
  • 5.1.2 RISE IN THE WORKING POPULATION ALONG WITH INCREASING EMPLOYMENT 29
  • 5.1.3 STRONG EDUCATIONAL INFRASTRUCTURES AND BROAD ACCEPTANCE OF SCHOOLBAGS IN THE U.S. 29
  • 5.1.4 BRANDS OFFERING CUSTOMIZATION AND PERSONALIZATION OPTIONS 30

• 5.2 RESTRAINTS 31
  • 5.2.1 HIGH COST OF RAW MATERIALS 31
  • 5.2.2 LIMITATIONS OF BACKPACKS AND QUALITY CONCERNS 31
• 5.3 OPPORTUNITIES 32
  • 5.3.1 GROWING FOCUS ON ECO-FRIENDLY AND RECYCLABLE MATERIALS 32
  • 5.3.2 DEVELOPMENT OF SMART AND TECHNOLOGY-INTEGRATED BACKPACKS 33
  • 5.3.3 BOOMING E-COMMERCE INDUSTRY AND SURGING DEMAND FOR PORTABLE DEVICES 34
• 5.4 CHALLENGES 37
  • 5.4.1 THREAT FROM RISING NUMBER OF COUNTERFEIT PRODUCTS 37
  • 5.4.2 COMPLIANCE WITH VARIOUS INTERNATIONAL AND REGIONAL REGULATIONS 37

6 U.S. BACKPACK MARKET, BY PRODUCT TYPE 39

• 6.1 OVERVIEW 40
• 6.2 WORK BAGS 41
• 6.3 SPORTS 41
• 6.4 TRAVEL 41
• 6.5 HIKING/CAMPING 41
• 6.6 OTHERS 41

7 U.S. BACKPACK MARKET, BY MATERIAL 42

• 7.1 OVERVIEW 43
• 7.2 NYLON 44
• 7.3 POLYESTER 44
• 7.4 LEATHER 44
• 7.5 OTHERS 44

8 U.S. BACKPACK MARKET, BY CAPACITY 45

• 8.1 OVERVIEW 46
• 8.2 30-60 LITERS 47
• 8.3 15-35 LITERS 47
• 8.4 BELOW 15 LITERS 47
• 8.5 ABOVE 60 LITERS 47

9 U.S. BACKPACK MARKET, BY DISTRIBUTION CHANNEL 48

• 9.1 OVERVIEW 49
• 9.2 OFFLINE 50
• 9.3 ONLINE 50

10 U.S. BACKPACK MARKET, COMPANY LANDSCAPE 51

• 10.1 COMPANY SHARE ANALYSIS: U.S. 51

11 SWOT ANALYSIS 52

12 COMPANY PROFILES 53

• 12.1 VF CORPORATION 53
  • 12.1.1 COMPANY SNAPSHOT 53
  • 12.1.2 REVENUE ANALYSIS 54
  • 12.1.3 PRODUCT PORTFOLIO 54
  • 12.1.4 RECENT DEVELOPMENTS 59
• 12.2 NIKE, INC. 60
  • 12.2.1 COMPANY SNAPSHOT 60
  • 12.2.2 REVENUE ANALYSIS 60
  • 12.2.3 PRODUCT PORTFOLIO 61
  • 12.2.4 RECENT DEVELOPMENTS 61
• 12.3 NEW BALANCE 62
  • 12.3.1 COMPANY SNAPSHOT 62
  • 12.3.2 PRODUCT PORTFOLIO 62
  • 12.3.3 RECENT DEVELOPMENTS 62
• 12.4 PUMA SE 63
  • 12.4.1 COMPANY SNAPSHOT 63
  • 12.4.2 REVENUE ANALYSIS 63
  • 12.4.3 PRODUCT PORTFOLIO 64
  • 12.4.4 RECENT DEVELOPMENTS 64
• 12.5 UNDER ARMOUR INC. 65
  • 12.5.1 COMPANY SNAPSHOT 65
  • 12.5.2 REVENUE ANALYSIS 65
  • 12.5.3 PRODUCT PORTFOLIO 66
  • 12.5.4 RECENT DEVELOPMENTS 66
• 12.6 ADIDAS AG 67
  • 12.6.1 COMPANY SNAPSHOT 67
  • 12.6.2 REVENUE ANALYSIS 67
  • 12.6.3 PRODUCT PORTFOLIO 68
  • 12.6.4 RECENT DEVELOPMENTS 68
• 12.7 ASICS CORPORATION 69
  • 12.7.1 COMPANY SNAPSHOT 69
  • 12.7.2 REVENUE ANALYSIS 69
  • 12.7.3 PRODUCT PORTFOLIO 70
  • 12.7.4 RECENT DEVELOPMENTS 70

• 12.8 HPG 71
  • 12.8.1 COMPANY SNAPSHOT 71
  • 12.8.2 PRODUCT PORTFOLIO 71
  • 12.8.3 RECENT DEVELOPMENTS 72
• 12.9 LA SPORTIVA S.P.A. 73
  • 12.9.1 COMPANY SNAPSHOT 73
  • 12.9.2 PRODUCT PORTFOLIO 73
  • 12.9.3 RECENT DEVELOPMENTS 73
• 12.10 LOTTO SPA 74
  • 12.10.1 COMPANY SNAPSHOT 74
  • 12.10.2 PRODUCT PORTFOLIO 74
  • 12.10.3 RECENT DEVELOPMENTS 74
• 12.11 OSPREY 75
  • 12.11.1 COMPANY SNAPSHOT 75
  • 12.11.2 PRODUCT PORTFOLIO 75
  • 12.11.3 RECENT DEVELOPMENTS 75

13 QUESTIONNAIRE 76

14 RELATED REPORTS 79

LIST OF TABLES

• TABLE 1 U.S. BACKPACK MARKET, BY PRODUCT TYPE, 2022-2031 (USD MILLION) 41
• TABLE 2 U.S. BACKPACK MARKET, BY MATERIAL, 2022-2031 (USD MILLION) 44
• TABLE 3 U.S. BACKPACK MARKET, BY CAPACITY, 2022-2031 (USD MILLION) 47
• TABLE 4 U.S. BACKPACK MARKET, BY DISTRIBUTION CHANNEL, 2022-2031 (USD MILLION) 50
• TABLE 5 U.S. OFFLINE IN BACKPACK MARKET, BY TYPE, 2022-2031 (USD MILLION) 50
• TABLE 6 U.S. ONLINE IN BACKPACK MARKET, BY TYPE, 2022-2031 (USD MILLION) 50

LIST OF FIGURES

• FIGURE 1 U.S. BACKPACK MARKET: SEGMENTATION 11
• FIGURE 2 U.S. BACKPACK MARKET: DATA TRIANGULATION 13
• FIGURE 3 U.S. BACKPACK MARKET: DROC ANALYSIS 14
• FIGURE 4 U.S. BACKPACK MARKET: COUNTRY VS REGIONAL MARKET ANALYSIS 15
• FIGURE 5 U.S. BACKPACK MARKET: COMPANY RESEARCH ANALYSIS 15
• FIGURE 6 U.S. BACKPACK MARKET: INTERVIEW DEMOGRAPHICS 16
• FIGURE 7 U.S. BACKPACK MARKET: DBMR MARKET POSITION GRID 17
• FIGURE 8 U.S. BACKPACK MARKET: VENDOR SHARE ANALYSIS 18
• FIGURE 9 U.S. BACKPACK MARKET: SEGMENTATION 22
• FIGURE 10 INCREASING PROMINENCE OF OUTDOOR SPORTS, TRAVEL, AND TOURISM IS DRIVING THE GROWTH OF THE U.S. BACKPACK MARKET IN THE FORECAST PERIOD OF 2024 TO 2031 23
• FIGURE 11 THE WORK BAGS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. BACKPACK MARKET IN 2024 TO 2031 23
• FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE U.S. BACKPACK MARKE 27
• FIGURE 13 THE U.S. RETAIL SALES VIA E-COMMERCE IN 2022 (USD MILLION) 35
• FIGURE 14 REVENUE EARNED BY COURIERS AND EXPRESS DELIVERY SERVICE IN THE U.S. (2018-2021) (USD MILLION) 36
• FIGURE 15 U.S. BACKPACK MARKET: BY PRODUCT TYPE, 2023 40
• FIGURE 16 U.S. BACKPACK MARKET: BY MATERIAL, 2023 43
• FIGURE 17 U.S. BACKPACK MARKET: BY CAPACITY, 2023 46
• FIGURE 18 U.S. BACKPACK MARKET: BY DISTRIBUTION CHANNEL, 2023 49
• FIGURE 19 U.S. BACKPACK MARKET: COMPANY SHARE 2023 (%) 51