South America Trekking Rucksack Market

Market Introduction

South America comprises of Brazil, Argentina, and Rest of SAM. Tourism industry in this region is one of the major contributors to the economic development. Many leading manufacturers’ outdoor recreational products operate in this region. South America offers lucrative opportunities for the manufacturers of trekking rucksacks, owing to increased inflow of travelers to the region, many of whom go on expedition treks. Moreover, presence of some of the leading manufacturers of the outdoor recreation industry is expected to create lucrative growth opportunities for the trekking rucksacks. South America has some of the most popular trekking destinations in the world which attracts numerous international travelers. Some of the trekking destinations include Classic Inca Trail, Paine & Fitz Roy Trek, and Patagonia adventure trek. The weather in South America depends on destinations, wherein Bogota is cold and has lots of rain whereas Machu Picchu in Peru has hot and humid weather. The different weather conditions result in different rucksack needs. For instance, treks in rainy areas require travelers to carry rucksacks made from waterproof material at all times, compared to canvas rucksacks, and would need them to carry extra protection along with tents to shield themselves from rain. The varied weather conditions have created demand for varied trekking rucksacks in the region. Between the period of 2009 and 2010, adventure hard travel population in South America grew from 1.4% to 8%, while soft adventure grew by 5% in the same period. The UNWTO Tourism Highlights 2014 noted that rising levels of disposable income in developing countries of South America has resulted in increased inbound travel activities. The increased adventure activities are expected to further aid the growth of trekking rucksack market.

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. In South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

South America Trekking Rucksack Strategic Insights

Strategic insights for the South America Trekking Rucksack provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Trekking Rucksack Report Scope

South America Trekking Rucksack Regional Insights

The geographic scope of the South America Trekking Rucksack refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The trekking rucksack market in South America is expected to grow from US$ 363.90 million in 2021 to US$ 481.28 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. During recent years, there has been a significant rise in the popularity of recreational activities and outdoor sports. Majority of the populace, especially millennials, are focusing on their physical health and trying to achieve a balance between physical and mental health by opting for recreational and nature-based activities. Trekking is one such activity witnessing a significant surge in the current market scenario. The COVID-19 pandemic led to nationwide lockdowns across the globe, resulting in people staying at home for a long period. However, the ongoing vaccination drives and lifting of the lockdown restrictions are boosting adventure tourism and short weekend treks to nearby places. Majority of the Southeast adventure tourism spots have opened up for the international tourists. To avoid crowded tourist places, majority of the people are opting for trekking trails to exercise and escape the monotonous daily life routine. Thus, the increasing popularity of outdoor sports and recreational activities is driving the market growth of trekking rucksacks and is expected to continue to do so during the upcoming years.

Key Market Segments

In terms of capacity, the 25-50 litres segment accounted for the largest share of the South America trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the South America trekking rucksack market in 2020. In term of distribution channel, the specialty store segment held a larger market share of the trekking rucksack market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the trekking rucksack market in South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Deuter Sport GmbH; Osprey Packs, Inc.; HYPERLITE MOUNTAIN GEAR; GRANITE GEAR LLC; and Vango among others.

Reasons to buy report

• To understand the South America trekking rucksack market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South America trekking rucksack market
• Efficiently plan M&A and partnership deals in South America trekking rucksack market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America trekking rucksack market
• Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.

South America Trekking Rucksack Market – By Capacity

• Upto 24 litres
• 25-50 litres
• More than 50 litres

South America Trekking Rucksack Market – By

Material

• Nylon
• Polyester
• Canvas
• Others

South America Trekking Rucksack Market – By

Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others     

South America Trekking Rucksack Market – By Country

• Brazil
• Argentina
• Rest of SAM

South America Trekking Rucksack Market – Companies Mentioned                                                           

• Deuter Sport GmbH                                                    
• Osprey Packs, Inc.                                                        
• HYPERLITE MOUNTAIN GEAR
• GRANITE GEAR LLC                                                          
• Vango