Wilmington, Delaware, United States, April 29, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global sleeping bag market size stood at US$ 1.8 Bn in 2022 and is anticipated to reach a value of US$ 3.3 Bn by 2031. The global market is anticipated to develop at a CAGR of 6.8% between 2023 and 2031.
Rise in popularity of outdoor recreation activities, expansion of offline and online distribution channels, and increase in disposable income are likely to drive business opportunities in the global sleeping bag market. Market demand for sleeping bags is also anticipated to rise due to growth in the tourism industry and increase in the number of people who like to travel.
Growing awareness about with the benefits of outdoor travel and other leisure activities is driving up popularity of sleeping bags. Manufacturers are focusing on product development due to recent technological breakthroughs. They are making innovative, cozy, and lightweight sleeping bags that are appropriate for outdoor adventure sports.
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Sleeping bags with enough ventilation are advised for temperatures exceeding 25 degrees to reduce perspiration. Sleeping bags come in a variety of shapes, designs, and hues. Summertime is a great time to use lightweight down sleeping bags due to their high moisture absorption.
A sleeping bag made of synthetic materials, typically polyester, is better at insulating heat. Kids' sleeping bags are comfortable as they are composed of soft fabric, which allows the user to hold the child easily whilst allowing the child to feel warm inside.
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | USD 1.8 Bn | |
| Estimated Value | USD 3.3 Bn | |
| Growth Rate - CAGR | 6.8% | |
| Forecast Period | 2023–2031 | |
| No. of Pages | 155 Pages | |
| Market Segmentation | Product, Insulation Material, Price, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | AMG Group, Big Agnes, Columbia Sportswear, Exxel Outdoors, Jack Wolfskin, Jarden, Johnson Outdoors, Oase Outdoors, Vaude, VF Corp. | |
Key Findings of Market Report
- In terms of insulation material, synthetic fill insulation is anticipated to account for a major share of the market in the coming years. Demand for this insulating material Since synthetic fill is both affordable and incredibly comfortable in humid situations, demand for synthetic fill insulating material for sleeping bag manufacture has been steadily rising across the world. Additionally, synthetic sleeping bags are easy to keep clean, which is anticipated to drive industry growth in the near future.
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Global Sleeping Bag Market: Growth Drivers
- Sleeping bags and other outdoor-related products are in great demand worldwide, and their acceptance is growing steadily. In addition to mountaineering and hiking, sleeping bags can be utilized for a variety of outdoor activities.
- One of the most essential camping accessories is the sleeping bag, and sales of this item are increasing in developing countries. In the next years, it is anticipated that growing involvement of people in outdoor activities would drive the demand for sleeping bags.
Global Sleeping Bag Market: Regional Landscape
- North America is expected to account for a sizable portion of the global sleeping bag market due to expansion of outdoor recreation programs, especially in the US. Expansion of the sleeping bag business is also aided by increase in number of people participating in rock climbing and other such adventure activities in the region.
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Global Sleeping Bag Market: Key Players
Some of the key players in the global sleeping bag market are as follows
- Columbia Sportswear
- Johnson Outdoors
- AMG Group
- Jack Wolfskin
- Oase Outdoors
- Exxel Outdoors
Global Sleeping Bag Market: Segmentation
Product
- Square Sleeping Bag
- Mummy Sleeping Bag
- Sleeping Pod
Insulation Material
- Down fill
- Synthetic fill
Price
- Low
- Medium
- High
Distribution Channel
- Online
- Offline
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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