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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach 2025 with a CAGR of 5% to 7% from 2020 to 2025 . 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"
To download report brochure, please go to https://www.lucintel.com/hydration-pack-market.aspx and click "report brochure" tab from the menu.
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 2020-2025: 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 2014 to 2025]:
Trekking and Hiking
Cycling
Running
Military
By Storage Capacity [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
1-3 Liters
3-6 Liters
6-10 Liters
Above 10 Liters
By Price [Value ($ Million) for 2019 and 2025]:
Less than $40
$40 to $80
Above $80
By Sales Channel [Value ($ Million) from 2014 to 2025]:
E-commerce
Retailers
Others
By Region [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
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.