Expanding at a noteworthy CAGR of 7.1%, the global sleeping bags market is anticipated to rise from a market valuation of US$ 1.74 billion in 2022 to US$ 3.46 billion by the end of 2032.
The market research and competitive intelligence company Fact.MR projects that from 2022 to 2032, the demand for sleeping bags will grow at a CAGR of 7.1%.In order to produce a tube-shaped insulation covering for a person, a sleeping bag is a compact quilt that can be closed with a zipper or other similar methods. This item serves as thin, portable bedding that is generally appropriate for circumstances where someone is sleeping outside.
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Key Dynamics:
The insights into the top industry trends serve as the best investments markers, which further facilitate the decision-making process for the potential players. With all the vital information, the report intends to uncover the multiple growth opportunities that the readers can consider to capitalise on. Detailed examination of the key growth influencing factors like pricing structure, demand-supply scenario, production, profit margins, and value chain analysis further unfurl the insights into how the market growth will unfold over the next few years.
Competitive Landscape:
Sleeping bag manufacturers are concentrating on lowering their manufacturing costs and boosting profitability for the long-term expansion of their companies. To boost their market position, many major industry players are growing their companies through frequent product launches and partnerships with other players in the tourism sector.
As the weight of the sleeping bags is an important factor in determining the weight of an entire backpack, the new competitors in the sleeping bags market are revolving around introducing ultra-light sleeping bags with novel fill material.
For instance :
- L.L. Bean, an American retail company that manufactures clothing and outdoor recreation equipment, introduced its Ultralight Sleeping Bag with an aerogel insulator. Aerogel is an ultra-light material with extremely low density and thermal conductivity. PrimaLoft Gold Insulation combined aerogel with fiber technology, which is used in L.L. Bean’s Ultralight sleeping bag.
Key Companies Profiled:
- Johnson Outdoors
- Oase Outdoors
- Big Agnes
- AMG Group
- Columbia Sportswear
- Jarden Vaude
- Exxel Outdoors
- Gerlert
- Jack Wolfskin
- V F. Corp
- Snugpak
Specialty Retail Stores Preferred over Emerging E-commerce Platform
The outdoor industry’s retail trend is prominently consumer-driven. Digital commerce is gradually penetrating the outdoor industry. Specialty retail stores are preferred for the purchase of outdoor or camping essentials including sleeping bags where consumers get exposure to quality and durability of sleeping bags in-person.
E-commerce platform is opted by digital consumers, however, most of the modern outdoorsman prefer a trend of buy-online-pickup-in-store. Following this, sleeping bags retailers are adopting integration of their online and offline sales channels to reduce costs and enhance consumer traction in the sleeping bags market.
Further, the Sleeping Bags market Survey report emphasizes the adoption pattern And Demand of Sleeping Bags across various industries.
The Sleeping Bags Sales study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, Sleeping Bags Sales revenue generation and Sleeping Bags Market Outlook across the globe.
Key Segments Covered:
· By Product :
- Rectangular
- Barrel-shaped
- Mummy
- Double
· By Distribution Channel :
- Specialty Retail Stores
- e-Commerce
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The report answers various key questions related to Sleeping Bags market Trends and outlook :-
- How the Sales growth will unfold for global Sleeping Bags market in the years ahead?
- How the outlook of end users will impact the Sleeping Bags market Sales?
- Which regions are believed to witness highest growth in upcoming years?
- Which country and region capture the largest market in Sleeping Bags market Demand?
- Which products are expected to witness lucrative Sales growth during assessment period?
- What are current on-going market trends & Demand and key business strategies being adopted by various key and niche players?
- The global Sleeping Bags report is segmented based on its product type, application, technology, and the end-user industry?
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