It further provides an in-depth analysis of the key factors propelling the business landscape across various regions. The report gives an insight into the major trends impelling industry expansion over the forthcoming years. The decline further increased in the second quarter of 2020 and reached 77.9%. The annual report of the first quarter of 2020 for Samsonite IP Holdings S.AR. On the basis of region, the market is studied across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.ĭecline in the Revenue of Market Players Affected Market GrowthĬOVID-19 led to the adoption of various measures such as closing borders, closure of non-essential businesses, and other measures to adhere to social distancing. Offline stores sell various bags such as work bags, sports, travel, hiking/ trekking, school, and casual backpacks from manufacturers. The offline channel segment is expected to lead as it offers a wide range of brands under one roof. Offline channel includes hypermarkets/ supermarkets, specialty stores, and others. Offline Channel Segment to Gain Prominence Due to Wide Range of Brands Under One Roofīased on distribution channel, the market is subdivided into offline channel and online channel. The backpacks made up of nylon are lightweight, owing to which their use among travelers and trekkers has increased significantly. The nylon segment is estimated to have a high CAGR over the study period as it is one of the most durable materials, which can withstand rugged terrains without any damage. On the basis of material, the market is fragmented into nylon, polyester, and others. Nylon Segment to Have High CAGR Due to Various Advantages With the ease of COVID-19 restrictions, spending on travel & tourism goods increased, driving the growth of the travel segment. Amongst these, the travel segment leads the market share due to rise in innovation of camping/trekking rucksacks in terms of designs, material quality, and others, which attracts many individuals. Travel Segment to Register Appreciable Expansion due to Rise in Innovation of Camping/Trekking Rucksacksīased on product type, the market is segmented into hiking/camping, travel, and others. Industry Expansion Fueled Owing to Growing Adoption of Mobile Lifestyleīrowse Detailed Summary of Research Report with TOC: Market Value to Rise Due to Growing Prevalence of Camping and Other Recreational Activities Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends Report Scope & Segmentation: Report Attributes Moët Hennessy Louis Vuitton (LVMH) (France).Samsonite IP Holdings S.AR.L (Hong Kong).List of Key Players Profiled in the Backpack Market Report: This information is provided by Fortune Business Insights™ in its research report, titled “Backpack Market, 2023-2030.” Due to rapid urbanization and accessible commute infrastructure, individuals are commuting from various cities, states, and nations for different reasons such as jobs, education, and others. Backpacks are a convenient frameless structure made from nylon, polyester, and others. The market is expected to grow from USD 17.21 billion in 2023 to USD 31.38 billion by 2030, exhibiting a CAGR of 8.96% from 2023 to 2030. If you're an extreme athlete who demands quality and style, Dakine has your back.Pune, India, Ap(GLOBE NEWSWIRE) - The global backpack market size was valued at USD 15.90 billion in 2022. For Stand Up Paddle boarding (SUP) they have a Dakine SUP paddle bag, Dakine SUP paddle sock, Dakine waterproof duffel bag and a Dakine hydration pack.ĭakine offers a wide variety of durable, fashionable, and eye-catching surf style bags for the extreme athlete at reasonable prices.If you are looking for a Dakine wallet, Dakine backpack, Dakine duffle bag, Dakine travel bag, Dakine hip pack or even a Dakine skim board bag, you are in luck. Specific to surfing, they carry Dakine Traction pads, Dakine surf bags, Dakine surf hats, and Dakine rashguards. The Dakine surfing leash set the standard for Dakine's innovative and high quality products. Dakine rashguards, Dakine surf hats and a number of different Dakine bags are just a small portion of all that Dakine has to offer.ĭakine was born in Hawaii in 1979 when Rob Kaplan manufactured the first Dakine surfboard leash, a surf leash built to withstand even the most brutal Hawaiian surfing conditions. Dakine is a Hawaiian slang or Pidgin term that can be used to indicate just about anything, but it has come to be associated with items of high quality, and this is the meaning that best suits the name of Dakine™ water sportswear.
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