India Active Backpack Market Size & Outlook, 2022-2030
India active backpack market, 2017-2030 (US$M)
Related Markets
India active backpack market highlights
- The India active backpack market generated a revenue of USD 121.3 million in 2022 and is expected to reach USD 311.1 million by 2030.
- The India market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, sports was the largest revenue generating type in 2022.
- Hiking/Trekking is the most lucrative type segment registering the fastest growth during the forecast period.
Active backpack market data book summary
| Market revenue in 2022 | USD 121.3 million |
| Market revenue in 2030 | USD 311.1 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Sports |
| Fastest growing segment | Hiking/Trekking |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hiking/Trekking, Camping and Travelling, Sports |
| Key market players worldwide | Amer Sports Inc, Samsonite International SA, Patagonia Gold Corp Ordinary Shares, Columbia Sportswear Co, JanSport, VF Corp, The North Face, CamelBak Products LLC, Deuter Sport, Kelty, Osprey Packs |
Other key industry trends
- In terms of revenue, India accounted for 2.2% of the global active backpack market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China active backpack market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 311.1 million by 2030.
Sports was the largest segment with a revenue share of 46.91% in 2022. Horizon Databook has segmented the India active backpack market based on hiking/trekking, camping and travelling, sports covering the revenue growth of each sub-segment from 2017 to 2030.
One of the most recent trends in India is trekking. According to article published by Trekmunk Pvt Ltd. in March 2020, at least 250–300 people hike every day in India during the busiest trekking seasons on major treks. It is estimated that there are around 100,000 trekkers on well-known treks during the summer alone.
Trekking trips are becoming increasingly popular as holiday options as people like spending more time in nature. This is expected to boost the growth of the active backpack market over the forecast period. Moreover, the increasing popularity of camping and glamping among millennials across the country is expected to accelerate the market growth over the forecast period.
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Active Backpack Market Scope
Active Backpack Market Companies
| Name | Profile | # Employees | HQ | Website |
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India active backpack market size, by type, 2017-2030 (US$M)
India Active Backpack Market Outlook Share, 2022 & 2030 (US$M)
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