According to a new market report published by Lucintel, the future of the hydration pack market looks promising with opportunities in outdoor activities such as trekking, hiking, cycling, and running. The global hydration pack market is expected to grow with a CAGR of 5.9% from 2019 to 2024. The major growth drivers for this market are increasing outdoor recreational activities, growing disposable income, and the rapid rise in popularity of adventure tourism in western countries.
Browse 88 market data tables and 125 figures spread through 195 pages and in-depth TOC on “Global Hydration Pack Market”
In this market, different types of hydration pack such as 1-3 liters, 3-6 liters, 6-10 liters, and above 10 liters are used as capacity. Lucintel forecasts that 1-3 hydration packs will remain the largest segment and witness the highest growth over the forecast period due to increasing demand for small and compact hydration pack which is easy to carry during various outdoor sports activities.
Within the hydration pack market, trekking and hiking will remain the largest application market and it is also expected to witness the highest growth over the forecast period due to increasing spending in outdoor amusement activities in the western economies.
North America is expected to remain the largest region and witness the highest growth over the forecast period due to growing interest in outdoor sports activities, and increasing interest in trekking, hiking and adventure tourism.
Emerging trends, which have a direct impact on the dynamics of the hydration pack market, include increasing usage of removable bladders for easy reservoir cleaning and pressurized hydration nozzles for easy sipping. Vista Outdoor, Saloman, Quest, Jack Wolfskin, High Seirra, Deuter Sports GmbH, Gregory Mountain Products, Inoveight Limited, Osprey, and Montbell and others are among the major hydration pack manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global hydration pack market by application, capacity, price, sales channel, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Hydration Pack Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global hydration pack market by application, capacity, price, sales channel, and region as follows:
By Application [Value ($ Million) from 2013 to 2024]:
• Trekking and Hiking
• Cycling
• Running
• Military
By Storage Capacity [Value ($ Million) and Volume (Million Units) from 2013 to 2024]:
• 1-3 Liters
• 3-6 Liters
• 6-10 Liters
• Above 10 Liters
By Price [Value ($ Million) for 2018 and 2024]:
• Less than $40
• $40 to $80
• Above $80
By Sales Channel [Value ($ Million) from 2013 to 2024]:
• E-commerce
• Retailers
• Others
By Region [Value ($ Million) and Volume (Million Units) from 2013 to 2024]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This 195-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/hydration-pack-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global hydration pack market by application (trekking and hiking, cycling, running, and military), capacity (1-3 liters, 3-6 liters, 6-10 liters, and above 10 liters), price (less than $40, $40 to $80, and above $80), sales channel (e-commerce, retailers, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
