Sleeping Bag Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, France, Spain, Poland, Russia, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 –2026
Report ID: GMI4691
Sleeping bag market size is expected to grow in the forecasted timespan due to rising camping, hiking, mountaineering, and other similar events. The product helps in maintaining safety and portable bedding in a situation, wherein a person is sleeping outdoors. Rising outdoor activities all over the globe is going to positively impact the market growth.
Sleeping Bags market is predicted to witness gains significantly by the end of 2026. The product has good protective, insulating and waterproof characteristics because of which is widely used for outdoor activities. Increase in expenditure on recreational activities for and government promoting tourism will boost product demand which in turn increases industry growth.
Sleeping bags market share is predicted to seek average growth at the end of 2026. Sleeping Bags possess resistance against rain, wind and snow with insulating properties find its application in outdoor activities, combining with tents makes Sleeping bag an ideal go to product. Sleeping bags have a bottom surface that provides cushioning and is moderately water repellent, with the use of extra covering or plastic beneath the bag surface provides safety to the user against moist ground. With increase need of recreational and outdoor activities will increase sleeping bags usage which will enhance product demand.
Outdoor industry is predicted to witness gains in the estimated time period. Increase in spending on personal health and care with witnessing trends for recovering economies, low inflation rates and growing incomes has shifted the consumer focus on wellness and recreational activities. The product is an important asset in regards of outdoor activities. The product possess protective properties and is used as a tough outdoor sleeping material. Increasing outdoor activities to reduce stress and increase focus will increase industry growth.
Sports, leisure activities and especially recreational activities are contributing to the development communities across the globe. The consumers involved in sports and exercising to maintain their healthier life has shown significant increase in the past. Increased focus on recreational activities by all age groups will foster sleeping bag market by the end of 2025. The product owing to its resistance properties against wind, rain and snow is utilized by the population believing in outdoor activities. To improve the experience during outdoor globally, this will have a positive impact on industry growth.
Outdoor industry is one of the industries which is supporting the economies in a bigger way. Outdoor activities have generated over US $ 887 billion in consumer spending in the United States in 2017. The product owing to good protective properties, light weight and easy to handle increase its usage during trekking, hiking and mountaineering. Increasing online sale and off line sales of these products have increased their visibility which will fortify recreational activities which will foster sleeping bag market demand.
North America led by US, Canada and Mexico is predicted to grow by 2025 because of rising focus on recreational activities in region. Sleeping bag market size was estimated to be at USD $427.2 billion in 2017. The product possess good protective and insulating properties and is used for outdoor activities fun. These factors may increase product demand in the region.
Sleeping bag market is revolving around making them light weight with novel fit material. Manufacturers are using new materials like aerogel insulators. Aerogel is one of the light-material and have low density and thermal conductivity. However, growing R & D activities among manufactures ultra-light weight sleeping bags may boost industry growth.
Europe driven by Spain, UK, France, Germany and Italy sleeping bag market size is predicted to increase by the end of 2025. The product possess good protective properties against snow and rain is utilized by the people travelling to difficult terrains. Increasing recreational activities and increase of health and awareness are the factors which may have a pragmatic impact on sleeping bag market growth.
Asia Pacific market led by China, India, South Korea and Japan sleeping bag market size is predicted to witness gains by 2025 because of increase in digital commerce which is mainly penetrating the outdoor industry in this region. Asia Pacific is expected to invest heavily in sports and fitness industry, its physical activity market was estimated to be USD 250 billion in 2018 and expected to grow significantly in the predicted timeframe. The product possess tough nature and stress resistant properties which makes it useful for outdoor activities. These factors will boost sleeping bag demand and which will increase industry growth.
Global sleeping bag market is fragmented with major companies like Jack Wolfskin, AMG Group Vaude, Johnson Outdoors, Oase Outdoors, Exxel Outdoors, Big Agnes, Jarden, V F Corp, Snugpak, Gelert and Columbia Sportswear Manufacturers are looking for new ways of expansion by executing joint ventures, merges & acquisitions and strategic alliance because rising product applications, for instance NEIGHBORHOOD and Helinox have collaborated in 2019 and were able to bring in the innovative change by the introduction of aluminium in the manufacturing of sleeping bags which makes them light weight and portable. Increase in R&D and product development will foster sleeping bag market growth.
By Properties, 2020 –2026 (Units) (USD Million)
- Thermal insulation
By Application, 2020 –2026 (Units) (USD Million)
- Outdoor activities
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- Johnson Outdoors
- Oase Outdoors
- Big Agnes
- V F Corp
- AMG Group
- Jack Wolfskin
- Columbia Sportswear
- Exxel Outdoors
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