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Hydration Backpack Market Size, Industry Analysis Report By Type (Leisure, Sports, military), By Voltage (supermarkets, hypermarkets, specialist retailers, online retail stores) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 209
  • CATEGORY
  • Retails & Consumer
The Hydration Backpack Market: Overview
The Hydration Backpack Market is valued at around USD 343.14 million in 2022 and is expected to reach USD 8000.52 million by 2030, registering a CAGR of 9.9% over the forecast period. Specialized backpacks called ""hydration packs"" have a water bladder system incorporated into them. Hydration packs allow people to take water with them while moving around freely, including hikers, cyclists, soldiers, and others. While drinking from hydration packs is simple while you're going, it's preferable to stop or slow down if you're using a water bottle, unless your road cycling or hiking. Hydration packs help you stay hydrated by making it simpler to continuously and more abundantly consume water.

The Hydration Backpack Market - Growth Factor
The product's growth is largely attributable to its advantages, namely its capacity to keep users hydrated and hands-free operation. The market is also anticipated to rise as a result of consumers participating in more sports like cycling, running, and hiking as their knowledge of living a healthy lifestyle increase. During the forecast period of 2022 to 2029, the market for hydration backpacks is anticipated to grow due to factors such as the increasing acceptance of adventurous outdoor activities, growing awareness of the importance of leading a healthy lifestyle, and an increase in the number of internet users in developing nations. On the other hand, throughout the projected period, the market for hydration backpacks will experience growth due to rising consumer interest in outdoor sports. Additionally, modern materials and technology are used by international producers to help regulate water temperature, making it appropriate for all seasons.

The Hydration Backpack Market – Market Trends
• Because they are simple to use and offer optimal hydration, hydration backpacks have gained popularity due to rising military training and involvement in outdoor sports like hiking, cycling, and running.
• Hikers either put off drinking water or drink a lot at once because it's a bother to get their water bottles out of their backpacks.
• Hydration backpacks, on the other hand, solve this problem by enabling the user to sip water often while travelling.
• Additionally, modern materials and technologies are being used by manufacturers around the world to help regulate water temperature, making it acceptable for all seasons.

The Hydration Backpack Market – Segmentation
The Hydration Backpack Market fragrance concentrates market has been sub-classified into type, distribution channel, capacity.

On the basis of type, the Hydration Backpack Market is bifurcated into:
• Leisure
• Sports and military
• others

On the basis of output voltage, the market is segmented into:
• supermarkets
• hypermarkets
• specialist retailers
• online retail stores
• others

On the basis of mounting style, the market segmented into:
• 1 to 3 litres
• 3 to 6 litres
• 6 to 10 litres
• 10 litres
• Others

The Hydration Backpack Market –Regional Analysis
North America dominated the global Hydration Backpack Market, 2018's greatest regional market The main element influencing the industry is the existence of numerous adventure sports locations in the United States and Canada. Hiking, behind biking, jogging, and fishing, is the fourth most popular sport in the United States, according to The Outdoor Foundation.

The Hydration Backpack Market – Key Market players
Global key players of Hydration Backpack Market include VISTA OUTDOOR OPERATIONS LLC, Mazama Designs, Osprey Packs, Inc., Cascade Designs. Inc., Wingnut, Samsonite, Columbia Sportswear Company, HydraPak, Deuter Sport, Jack Wolfskin and Toread, Libbey Inc., Pasabahçe Cam, The Oneida Group Inc., Steelite International., Ocean Glass Public Company Limited, Nike, Inc, Under Armour, Inc. and Asics corporation among others.

Report scope
Global Hydration Backpack Market: Historical Years- 2018-2021
Global Hydration Backpack Market: Forecast Years- 2022-2030
Global Hydration Backpack Market 2022- USD 343.14 million
Global Hydration Backpack Market 2030- USD 800.52 million
Global Hydration Backpack Market CAGR- 9.9%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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