A backpack system is a bag user can wear on their back, with straps over shoulders. This is available in various forms such as a single belt or hip belt. The rapid development of e-commerce platforms is driving growth in this industry. Another major growth factor is rapid development in technology. An increase in interest in traveling is driving demand in this industry.This growth is primarily driven by Increase in Disposable Incomes across Developed Regions, The Rise in Interest towards Travel and Increase in Concern towards Boardsports Lifestyle through Branding and Styling.
Globally, a noticeable market trend is evident High Adoption for Technology Enabled Backpack. Major Vendors, such as SYSTEM G (Hong Kong), Db Equipment (United Stated), WANDRD Products (New Zealand), Boundary Supply (United States), Harber London Ltd. (England), Lowpro (Italy), Black Ember (United States), Boundary Supply (United States), Samsonite (Hong Kong) and Wildcraft (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Oct 2021, Lowepro’s announced the launch of a new PhotoSport backpack line. There is basically multi-trek backpacks that deliver advanced protection for camera systems using the GearUp PROII camera box. Through this initiative, the company becomes more competitive in this industry.
- Increase in Disposable Incomes across Developed Regions
- The Rise in Interest towards Travel
- Increase in Concern towards Boardsports Lifestyle through Branding and Styling
- High Adoption for Technology Enabled Backpack
- Stable Profitability has increased the Number of Players in the Industry over the Last One Year Leading to Stiff Competition for New Market Entrants
Development in Mobile Lifestyles and Market Providers are Investing on Fulfilling Technical Demand
High Cost Associated With Technology Enabled Backpack System
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Backpack System Study Sheds Light on
The Backpack System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Backpack System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Backpack System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.