NEW YORK, April 11, 2023 /PRNewswire/ — The hydration backpack market size is expected to grow by USD 268.63 million between 2021 and 2026, accelerating at a CAGR of 11.92% as per the latest Technavio market research report. North America will account for 37% of the market growth during the forecast period. The region has a well-developed sports industry and various adventure sports destinations. It also has many national parks, which are accessible and well-organized, with advanced facilities and hiking spots. In addition, the rise in participation in adventure sports among sports enthusiasts and rising consumer awareness of the availability of hydration backpacks are driving the growth of the hydration backpack market in North America. For more insights on the market share of various regions – Download a sample report
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Hydration Backpack Market: Growing popularity of adventure tourism to drive growth
The growing popularity of adventure tourism is identified as the key driver in the market. Busy work schedules and rising health issues have led individuals to participate in adventurous sports such as hiking, trekking, biking, and skiing. For instance, more than 6% of the US population aged between 18 and 30 participates in adventurous sports. In addition, the rise in disposable income in both developed and developing countries has increased spending on tourism, including adventure tourism. This has increased the demand for products such as hydration backpacks, which are used for adventure sports such as trekking, hiking, biking, and skiing. All these factors are driving the growth of the market.
Hydration Backpack Market: Increasing number of M&A
The increasing number of M&As is identified as the key trend in the market. Vendors in the market are involved in M&A activities to expand their business and gain access to new markets. For instance, in 2018, Klein Tools acquired Ergodyne. The acquisition helped Klein Tools in expanding its product portfolio by including Ergodynes products such as hydration backpacks, gear for hand and eye protection, knee pads, footwear accessories, and portable work shelters. Similarly, in 2018, Decathlon acquired the Swiss sports store chain Athleticum from Maus Freres to expand its operations in Switzerland. Such strategic alliances among vendors are positively influencing the growth of the market.
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Some of the key Hydration Backpack Market Players:
The hydration backpack market is fragmented due to the presence of leading global, regional, and local players. Factors such as low product differentiation, low capital requirement, accessible distribution channels, and weak regulations have made the threat of new entrants high in the market. However, the lack of fixed cost and exit barriers in this market will make the threat of rivalry moderate during the forecast period. Some of the key vendors covered in the report include:
- Aquamira Technologies Inc.
- Callaway Golf Co.
- Columbia Sportswear Co.
- Dakine IP Holdings LP
- Decathlon SA
- Helen of Troy Ltd.
- HydraPak LLC
- InnerFit
- Jetflow LLC
- Klein Tools Inc.
- Leatt Corp.
- Mazama Designs
- Osprey Packs Inc.
- Recreational Equipment Inc.
- Samsonite International SA
- Schwanhausser Industrie Holding GmbH and Co.KG
- SharkMouth
- VAUDE Sport GmbH and Co. KG
- VF Corp.
- Wingnut Gear
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Hydration Backpack Market: Segmentation Analysis
This market research report segments the hydration backpack market by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market growth in the offline distribution channel segment will be significant over the forecast period. The segment is driven by the consumer preference for physically examining the products before purchasing. Convenience in contacting vendors, negotiating over prices, and the option to choose from a wide variety of branded products are other key factors driving the growth of the segment.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Hydration Backpack Market Scope | |
Report Coverage | Details |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 11.92% |
Market growth 2022-2026 | USD 268.63 million |
Market structure | Fragmented |
YoY growth 2021-2022 (%) | 11.06 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 37% |
Key countries | US, Canada, Australia, UK, and Germany |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Aquamira Technologies Inc., Callaway Golf Co., Columbia Sportswear Co., Dakine IP Holdings LP, Decathlon SA, Helen of Troy Ltd., HydraPak LLC, InnerFit, Jetflow LLC, Klein Tools Inc., Leatt Corp., Mazama Designs, Osprey Packs Inc., Recreational Equipment Inc., Samsonite International SA, Schwanhausser Industrie Holding GmbH and Co.KG, SharkMouth, VAUDE Sport GmbH and Co. KG, VF Corp., and Wingnut Gear |
Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel – Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Offline – Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline – Year-over-year growth 2021-2026 (%)
- 5.4 Online – Market size and forecast 2021-2026
- Exhibit 32: Chart on Online – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 Canada – Market size and forecast 2021-2026
- Exhibit 66: Chart on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.10 UK – Market size and forecast 2021-2026
- Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.11 Australia – Market size and forecast 2021-2026
- Exhibit 74: Chart on Australia – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Australia – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Australia – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Australia – Year-over-year growth 2021-2026 (%)
- 7.12 Germany – Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Aquamira Technologies Inc.
- Exhibit 89: Aquamira Technologies Inc. – Overview
- Exhibit 90: Aquamira Technologies Inc. – Product / Service
- Exhibit 91: Aquamira Technologies Inc. – Key offerings
- 10.4 Columbia Sportswear Co.
- Exhibit 92: Columbia Sportswear Co. – Overview
- Exhibit 93: Columbia Sportswear Co. – Business segments
- Exhibit 94: Columbia Sportswear Co. – Key offerings
- Exhibit 95: Columbia Sportswear Co. – Segment focus
- 10.5 Dakine IP Holdings LP
- Exhibit 96: Dakine IP Holdings LP – Overview
- Exhibit 97: Dakine IP Holdings LP – Product / Service
- Exhibit 98: Dakine IP Holdings LP – Key offerings
- 10.6 Decathlon SA
- Exhibit 99: Decathlon SA – Overview
- Exhibit 100: Decathlon SA – Product / Service
- Exhibit 101: Decathlon SA – Key offerings
- 10.7 Jetflow LLC
- Exhibit 102: Jetflow LLC – Overview
- Exhibit 103: Jetflow LLC – Product / Service
- Exhibit 104: Jetflow LLC – Key offerings
- 10.8 Klein Tools Inc.
- Exhibit 105: Klein Tools Inc. – Overview
- Exhibit 106: Klein Tools Inc. – Product / Service
- Exhibit 107: Klein Tools Inc. – Key offerings
- 10.9 Leatt Corp.
- Exhibit 108: Leatt Corp. – Overview
- Exhibit 109: Leatt Corp. – Business segments
- Exhibit 110: Leatt Corp. – Key offerings
- Exhibit 111: Leatt Corp. – Segment focus
- 10.10 Osprey Packs Inc.
- Exhibit 112: Osprey Packs Inc. – Overview
- Exhibit 113: Osprey Packs Inc. – Product / Service
- Exhibit 114: Osprey Packs Inc. – Key offerings
- 10.11 VAUDE Sport GmbH and Co. KG
- Exhibit 115: VAUDE Sport GmbH and Co. KG – Overview
- Exhibit 116: VAUDE Sport GmbH and Co. KG – Product / Service
- Exhibit 117: VAUDE Sport GmbH and Co. KG – Key offerings
- 10.12 VF Corp.
- Exhibit 118: VF Corp. – Overview
- Exhibit 119: VF Corp. – Business segments
- Exhibit 120: VF Corp. – Key news
- Exhibit 121: VF Corp. – Key offerings
- Exhibit 122: VF Corp. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
About Technavio
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