Industry Background:
Climbing packs are designed specifically to carry climbing gear to the crag: quickdraws, rope, climbing shoes, snacks, water, layers for variable weather conditions. This bulky gear needs to be carried up potentially steep and scrabbly terrain and then be easily accessible at the destined crag. The increase in outdoor activity of the youth around the world has propelled the growth of the global climbing packs market in the forecast period.This growth is primarily driven by Increasing Awareness about Health and Well-being among Consumers, Growing the Number of Health & Fitness Club and Surging Awareness about the Health Benefits of Climbing.
Globally, a noticeable market trend is evident Rising demand for Lightweight and Durable Climbing Packs
. Major Vendors, such as Osprey (United States), Patagonia, Inc. (United States), Mountain Hardwear (United States), Petzl (France), Patagonia, Inc. (United States), Mammut Sports Group AG (Switzerland), Black Diamond Equipment (United States), Trango (United States), Metolius Climbing (United States) and Arc'teryx (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 23rd January 2020, Osprey has announced the introduction of limited-edition Arcane styles featuring a hemp blend fabric. With a straight forward feature set and minimalist design aesthetic, the expansion of the Arcane collection signals the brand’s commitment to growing their everyday bag assortment targeting the active, urban dweller.
Market Drivers
- Increasing Awareness about Health and Well-being among Consumers
- Growing the Number of Health & Fitness Club
- Surging Awareness about the Health Benefits of Climbing
Market Trend
- Rising demand for Lightweight and Durable Climbing Packs
- Promotion of Climbing Equipment through Various Online Channels
Restraints
- Fluctuation in the Price of Raw Material
Opportunities
Increasing Participation in Outdoor Recreational Activities and Rising Demand from Developing Countries
Challenges
Lack of Awareness in Developing Economies
AdvanceMarketAnalytics 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 of the Report:
AMA Research & Media features not only specific market forecasts, but also include significant value-added commentary on:
Market Trends
Technological Trends and Innovations
Regulatory Trends & Policies
Market Maturity Indicators
Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
Supporting Company Financial and Cash Flow Planning
Open Up New Markets
To Seize Powerful Market Opportunities
Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis