Backpack Travel Bag Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193147
  • Format: Electronic (PDF)
  • Number of Pages: 224
  • Author(s): Joshi, Madhavi

Report Overview

The Backpack Travel Bag Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Backpack Travel Bag Market

(Market Size)
$12 billion
$20 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 12 billion
2030 Market Size USD 20 billion
Key Players Samsonite, Nike, Adidas, JanSport, Osprey

Market Summary

The backpack travel bag market represents a significant and dynamic segment within the consumer goods industry, catering to a diverse global consumer base. This market is characterized by a wide array of products designed for various travel needs, from daily commuting to extended international expeditions. The fundamental demand is driven by the universal need for convenient, portable storage solutions, making it a perennial sector with consistent consumer engagement. Key product categories often include daypacks, hiking backpacks, travel backpacks, and specialized packs for activities like cycling or mountaineering. The market's resilience is evident in its ability to adapt to changing consumer lifestyles, including the rise of digital nomadism and an increased focus on outdoor recreation post-pandemic. Manufacturers and brands continuously innovate in design, materials, and functionality to differentiate their offerings and capture market share in a competitive landscape.

Key Highlights

The backpack travel bag market is distinguished by several critical highlights that underscore its current trajectory. A prominent trend is the integration of smart technology, with features such as USB charging ports, GPS tracking, and anti-theft mechanisms becoming increasingly standard in premium product lines. Sustainability has emerged as a powerful differentiator, with leading companies utilizing recycled materials like RPET fabrics and promoting circular economy models through repair and recycling programs. Another significant highlight is the consumer shift towards multifunctional and ergonomic designs that prioritize comfort during extended wear, leading to innovations in back panel ventilation, weight distribution systems, and customizable fits. The direct-to-consumer sales channel has gained substantial momentum, allowing brands like Osprey and JanSport to forge stronger customer relationships and gather valuable feedback. Furthermore, the market sees continuous cross-industry collaboration, such as partnerships between luggage giants like Samsonite and technical apparel brands to create co-branded, performance-oriented travel solutions.

Drivers, Opportunities & Restraints

The growth of the backpack travel bag market is propelled by a confluence of drivers, primarily the robust resurgence of global travel and tourism activities. The increasing participation in outdoor recreational pursuits, including hiking, camping, and adventure sports, directly fuels demand for specialized, durable bags. A significant driver is the evolving urban professional lifestyle, where backpacks have become the preferred carry-all for commuting with laptops and personal items, blending professionalism with practicality. Opportunities abound in the technological integration space, with potential for further development in smart features and IoT connectivity. The expanding e-commerce landscape in emerging economies presents a substantial opportunity for market penetration and brand building. However, the market faces notable restraints, including intense price competition from low-cost manufacturers which pressures profit margins. Fluctuations in raw material costs, particularly for specialized nylon and polyester fabrics, can impact manufacturing stability. Furthermore, the market is susceptible to economic downturns that can lead to reduced discretionary spending on non-essential travel gear, and the industry faces growing scrutiny regarding the environmental impact of production processes and material sourcing.

Concentration Insights

The competitive landscape of the backpack travel bag market features a mix of well-established multinational corporations, prominent specialist brands, and a growing number of agile direct-to-consumer startups. The market concentration can be described as moderately fragmented, with the top players holding significant share but without absolute dominance, allowing for niche players to thrive. Key industry leaders include VF Corporation, which owns renowned brands like JanSport and Eastpak, and Samsonite International, a powerhouse in travel solutions. Other major participants are brands such as Osprey Packs, known for its technical outdoor gear, and Herschel Supply Co., celebrated for its heritage-inspired designs. This concentration creates an environment where brand identity, product innovation, and marketing efficacy are crucial for success. Larger entities leverage their extensive distribution networks and economies of scale, while smaller, niche brands compete effectively by focusing on specific consumer segments, superior craftsmanship, unique design aesthetics, or a strong sustainability ethos, demonstrating that innovation and targeted branding can successfully challenge market incumbents.

Type Insights

The backpack travel bag market is segmented by type, primarily distinguished by intended use, capacity, and design features. Daypacks represent a core category, characterized by smaller volumes ideal for short trips, commuting, or daily use; they often feature minimalist designs and laptop compartments. Hiking backpacks form another critical segment, engineered for outdoor adventures with features like external attachment systems for gear, robust suspension for load carrying, and hydration reservoir compatibility. Travel backpacks are designed specifically for tourists and digital nomads, frequently offering front-loading or panel-loading access for easy packing, lockable zippers, and a streamlined profile to meet airline carry-on restrictions. Specialty bags include categories like camera backpacks with padded dividers, cycling backpacks with helmet attachments and ventilation, and tactical backpacks built for durability and organization. The evolution within these types is continuous, with a noticeable trend towards hybrid models that blur the lines between categories, such as urban packs with outdoor-ready durability or travel packs that incorporate technical hiking features, reflecting the demand for versatile and multi-use products.

Application Insights

Application insights reveal the diverse usage scenarios that dictate backpack design and functionality. The travel and tourism application is paramount, encompassing everything from business trips to leisure vacations, driving demand for bags with organizational features, security elements, and compliance with airline regulations. The business and professional segment is a major application area, where consumers seek sleek, professional-looking backpacks with dedicated, padded laptop compartments, tablet sleeves, and organizational pockets for office essentials. The sports and outdoor segment demands high-performance bags for activities like hiking, mountaineering, cycling, and running, prioritizing durability, weather resistance, weight distribution, and specialized storage for equipment. The student demographic constitutes a consistent application base, requiring affordable, durable, and spacious bags for carrying books and electronics. An emerging application is the "everyday carry" or urban lifestyle segment, where the backpack serves as a primary bag for all daily activities, emphasizing style, comfort, and versatility. This diversity in application forces manufacturers to maintain extensive portfolios to address the specific functional and aesthetic requirements of each user group effectively.

Regional Insights

Regional analysis shows distinct patterns of demand and consumer preference across the globe. North America remains a mature and highly competitive market, characterized by high brand awareness, a strong outdoor recreation culture, and demand for both premium technical packs and fashionable everyday carry options. Europe exhibits similar maturity with a pronounced emphasis on sustainability, quality craftsmanship, and design aesthetics, with Northern European countries showing particularly high adoption of cycling and urban commute backpacks. The Asia Pacific region is identified as the fastest-growing market, fueled by rising disposable incomes, rapid urbanization, a burgeoning middle class, and increasing participation in international travel and outdoor activities. Countries like China and India are not only massive consumption markets but also major global manufacturing hubs for backpacks. Latin America and the Middle East and Africa are emerging regions where growth is linked to economic development, urbanization trends, and the expanding reach of e-commerce, which makes a wider variety of products accessible to new consumer bases, though price sensitivity often remains a key factor in these markets.

Company Insights

The competitive arena is populated by a strategic mix of global giants and focused specialists. VF Corporation commands significant presence through its portfolio of iconic brands; JanSport is synonymous with the American collegiate market, while The North Face and Eastpak cater to outdoor enthusiasts and urban consumers, respectively. Samsonite International leverages its formidable reputation in travel luggage to cross-sell its backpack lines, emphasizing durability and innovation in business and travel segments. PUMA AG and Adidas AG bring athletic heritage and performance technology to their backpack offerings, targeting sports and lifestyle consumers. Specialized players like Osprey Packs, Inc. have carved out a dominant position in the technical outdoor segment through unwavering focus on ergonomics and durability. Herschel Supply Co. has successfully captured the fashion-forward segment with its vintage-inspired designs. Meanwhile, a new generation of direct-to-consumer brands, often digital-native, is disrupting the market by offering high-quality materials and modern designs at competitive price points, focusing on community building and agile response to trends.

Recent Developments

The backpack travel bag market is witnessing a wave of recent developments focused on innovation and strategic positioning. A dominant theme is the industry's accelerated push towards sustainability, with major players launching lines made entirely from recycled materials and implementing take-back programs to promote circularity. There is significant investment in material science, leading to the development of lighter, stronger, and more abrasion-resistant fabrics that enhance product durability without adding weight. Technological integration continues to advance, with newer models featuring enhanced battery packs for device charging, built-in Bluetooth speakers, and improved anti-theft systems including biometric locks. On the corporate front, strategic acquisitions and partnerships are common as companies seek to expand their market reach and technological capabilities; for instance, larger conglomerates acquiring niche outdoor brands to diversify their portfolios. Furthermore, marketing strategies have evolved to heavily leverage social media and influencer partnerships to engage with younger demographics, emphasizing brand storytelling and user-generated content to build community and authenticity around products.

Report Segmentation

This market research report on the backpack travel bag market provides a comprehensive analysis segmented across multiple dimensions to offer granular insights. The segmentation by type typically includes categories such as daypacks, hiking backpacks, travel backpacks, and other specialty bags like laptop or camera backpacks, allowing for detailed analysis of growth trends and consumer preferences within each category. Application segmentation breaks down the market based on usage, covering key areas like travel and tourism, business and professional use, sports and outdoor activities, and other applications, highlighting the specific demands and drivers within each sector. Furthermore, the report is segmented by distribution channel, analyzing the performance and trends across online channels?including company-owned websites and e-commerce marketplaces?and offline channels such as specialty stores, hypermarkets, and department stores. This multi-faceted segmentation enables a thorough understanding of the market dynamics, providing stakeholders with actionable intelligence on which segments present the greatest opportunities for investment, innovation, and strategic focus.

FAQs

What are backpack travel bags made of? Backpack travel bags are commonly constructed from synthetic materials like nylon and polyester due to their high durability, water resistance, and relatively light weight. For more technical or outdoor-focused packs, fabrics such as Kodra, Cordura, or ripstop nylon are frequently used for enhanced abrasion resistance. Premium and sustainable options increasingly utilize recycled versions of these materials, such as recycled PET (rPET). Leather and canvas are also used, particularly in heritage or fashion-oriented styles, though they are generally heavier.

What features should I look for in a travel backpack? Key features to consider include a comfortable and adjustable suspension system with padded shoulder straps and back panel, a capacity suitable for your travel style (often aligning with airline carry-on????), multiple compartments for organization, lockable zippers for security, durable and water-resistant material construction, and dedicated padded sleeves for laptops and tablets. For longer trips, features like load-lifter straps and a hip belt for weight distribution become important.

How do I choose the right size travel backpack? Choosing the right size depends on the duration and nature of your travel. For short trips or as a carry-on, a pack in the 30-45 liter range is typically sufficient. For longer journeys or backpacking, a 50-70 liter pack may be required. It is crucial to consider airline carry-on regulations if you plan to avoid checked baggage fees. Ultimately, the right size should comfortably hold your essentials without being so large that it encourages overpacking or becomes unwieldy to carry.

What is the difference between a hiking backpack and a travel backpack? Hiking backpacks are engineered for outdoor trail use, featuring technical suspension systems designed to carry heavy loads comfortably over uneven terrain, external attachment points for gear like ice axes and sleeping pads, and often a top-loading design. Travel backpacks prioritize easy access and organization for urban and transit environments, typically featuring front-panel or clamshell opening, a more streamlined profile to fit in overhead bins, and integrated security features like lockable zippers. While some hybrids exist, the design philosophies cater to distinctly different primary uses.

Which brands are known for the best travel backpacks? Several brands are highly regarded for their travel backpacks. Osprey is celebrated for its ergonomic designs and lifetime warranty, particularly in the Farpoint and Porter series. Samsonite is trusted for its durability and business-travel-focused features. Patagonia is recognized for its sustainable materials and ethical manufacturing. Peak Design is renowned among photographers for its innovative organization. Other notable brands include Eagle Creek, Deuter, and Thule, each offering strengths in durability, organization, or specific travel niches.

Are there sustainable options in the backpack travel bag market? Yes, sustainable options are increasingly prevalent. Many leading brands now offer lines made from recycled materials, such as recycled nylon and polyester derived from post-consumer plastic waste. Brands are also implementing sustainability programs that include repairing products to extend their lifespan, offering recycling initiatives for old packs, and reducing water and chemical usage in their manufacturing processes. Certifications like Bluesign? provide assurance that products are made with materials that are safer for the environment, consumers, and workers.

Citius Research has developed a research report titled “Backpack Travel Bag Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Backpack Travel Bag Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Backpack Travel Bag Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Backpack Travel Bag Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Backpack Travel Bag Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Backpack Travel Bag Market
• Research Methodology
• Executive Summary
• Market Dynamics of Backpack Travel Bag Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Backpack Travel Bag Market
• Cost and Gross Margin Analysis of Backpack Travel Bag Market
• Backpack Travel Bag Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Backpack Travel Bag Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Backpack Travel Bag Market Key Stakeholders

Below are the key stakeholders for the Backpack Travel Bag Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Backpack Travel Bag Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Backpack Travel Bag Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Backpack Travel Bag Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Backpack Travel Bag Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Backpack Travel Bag Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Backpack Travel Bag Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Backpack Travel Bag Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Backpack Travel Bag Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Backpack Travel Bag Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Backpack Travel Bag Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Backpack Travel Bag Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Backpack Travel Bag Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Backpack Travel Bag Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Backpack Travel Bag Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Backpack Travel Bag Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Backpack Travel Bag Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Backpack Travel Bag Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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