Sleeping Bags Market- Global Industry Analysis and Forecast (2024-2030)

Sleeping Bags Market was valued at US$ 1768.38 Mn. in 2023. Global Sleeping Bags Market size is expected to grow at a CAGR of 7 % through the forecast period.
Sleeping Bags Market Overview:
Sleeping bags are generally intended to protect our bodies from extreme weather, but they may also be used as a comforter, covering, or just bedding. Due to a growth in outdoor activities such as hiking, hill walking, climbing, and camping, the market for sleeping bags is fast rising. The rise in adventure enthusiasts correlates with the rise in demand for sleeping bags. Adventure activities not only bring you closer to nature, but they also offer as a cost-effective and economical vacation choice, driving up demand for items like sleeping bags.To know about the Research Methodology :- Request Free Sample Report
Sleeping Bags Market Dynamics:
Market Trends:

Growing interest in various adventure activities like as hiking, rafting, camping, and others is driving up demand for sleeping bags in both emerging and developed countries. This is a major element that is expected to propel the global sleeping bag market forward over the projected period. Furthermore, among the millennial generation, growing knowledge of numerous benefits connected with camping, such as improved mental health, less stress, and others, has resulted in increased demand for sleeping bags throughout the world. These are the primary aspects that are expected to promote market growth over the forecast period.

Other important drivers expected to boost worldwide market expansion throughout the projected period include expanding the travel and tourist industry and e-commerce sector globally, as well as growing individual per capita income. Furthermore, the growing popularity of sleeping bag variations and growing knowledge among adventure enthusiasts about numerous advantages of this bag, such as weightlessness, compactness, convenience, comfort, and cost-effectiveness, are likely to drive worldwide market expansion.

Due to a growth in the number of nature lovers who are increasingly prone to adventurous activities, the demand for sleeping bags is rapidly expanding across the world. As millennials become more aware of the benefits of camping, such as stress reduction and enhanced mental and emotional health, market demand for sleeping bags has surged. It is a customer-friendly product since it comes in a variety of sleeping bag styles that are appropriate for varied purposes and demographics.

Sleeping bag manufacturers are creating new and creative goods to fulfil all sorts of customer demand by providing products that are ideal for all types of climatic circumstances, durable, and cost-effective, resulting in a growth in market demand for sleeping bags. The rise of social media as a major impact on consumer interest has also aided in the expansion of camping activities and, as a consequence, the consumer demands for sleeping bags.

The market is driven by rising sleeping bag demand. The market is developing due to reasons like as rising living standards, increasing disposable money, and people's love for camping. Moreover, the price of a sleeping bag is low and cheerful, and it may not be expensive.
Sleeping Bags Market Segment Analysis:
Based on Insulation, the Sleeping Bags Market is segmented into Down Fill and Synthetic Fill.
Synthetic fill is expected to take over the market in the near future, as it is both pleasant and cost-effective under damp circumstances.

Based on the Distribution Channel, the Sleeping Bags Market is segmented into Online and Offline.

In terms of distribution channels, the offline category, which is further divided into supermarkets, specialty stores, hypermarkets, and department stores, is predicted to grow in market share through 2030. This may be attributed to the e-commerce sector's quick advancements, as well as the variety and convenience of access to many inventive and unique items on websites. By offering their products across many e-commerce sites, a huge number of sleeping bag makers and suppliers are appealing to a broad pool of clients. The product's advertising across many internet platforms is also anticipated to boost market growth.
Regional Insights:
The North America region dominated the market with 50% share in 2023. The market in North America is likely to grow at a substantial rate over the forecast period due to the presence of a high number of professional rock climbers and mountaineers in the area. Due to a growth in the number of professional rock climbers and mountaineers, the North American sleeping bag market is predicted to develop considerably between 2024and 2030. The rising number of camping excursions, the rising raw material import rate, and the rise in leisure and outdoor activities will all have an influence on regional market growth.

Due to an increase in leisure activities and camping among teenagers, the sleeping bag market in Asia Pacific is expected to grow rapidly throughout the projected period. Due to the existence of some of the top camping sites in countries like Brazil, Peru, Colombia, Ecuador, Argentina, and Chile, the market in South America is expected to develop at a modest rate in the future years.

Because of increased outdoor activities in these regions, the markets in South America and the Middle East and Africa are expected to develop at an average rate in the market. In addition to the physical activity industry's expansion, the fast-growing sports and fitness sectors have attracted a slew of investments.

The objective of the report is to present a comprehensive analysis of the global Sleeping Bags Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Sleeping Bags Market dynamic, structure by analyzing the market segments and projecting the Sleeping Bags Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Sleeping Bags Market make the report investor’s guide.
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Sleeping Bags Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 1768.38 Mn.


Forecast Period 2024 to 2030 CAGR:
7%
Market Size in 2030:
US$ 2839.64 Mn.


 Segments Covered:
by Product
Rectangular Sleeping Bags
Mummy Sleeping Bags


by Insulation
Down Fill
Synthetic Fill


by Distribution Channel
Online
Offline



Sleeping Bags Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1. Jarden Vaude
2. Johnson Outdoors
3. Oase Outdoors
4. Big Agnes
5. AMG Group
6. Columbia Sportswear
7. Exxel Outdoors
8. Gerlert, Jack Wolfskin
9. V F. Corp
10. Snugpak
11. Sleepingo
12. Wildhorn
13. Blackpine Sports
14. Hyke & Byke
15. Browning Camping
16. Sierra Designs
17. Cloeman
18. TETON SPORTS
19. Alpkit
20. Vango
21. MalloMe

Frequently Asked Questions:

1] What segments are covered in the Global Sleeping Bags Market report?
Ans. The segments covered in the Sleeping Bags Market report are based on Product, Insulation and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Sleeping Bags Market?
Ans. The North America region is expected to hold the highest share in the Sleeping Bags Market.

3] What is the market size of the Global Sleeping Bags Market by 2030?
Ans. The market size of the Sleeping Bags Market by 2030 is expected to reach US$ 2839.64 Mn.

4] What is the forecast period for the Global Sleeping Bags Market?
Ans. The forecast period for the Sleeping Bags Market is 2024-2030.

5] What was the market size of the Global Sleeping Bags Market in 2023?
Ans. The market size of the Sleeping Bags Market in 2023 was valued at US$ 1768.38 Mn.