Sleeping Bag Market to Grow Significantly owing to High Demand from Outdoor Activities

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The sleeping bag market provides lightweight, compact and insulating beds for outdoor enthusiasts indulged in various activities like camping, mountaineering, trekking and other adventures. Sleeping bags offer protection and warmth in challenging outdoor environments. Made from down or synthetic insulated materials between an outer shell and inner lining, sleeping bags allow comfortable rest in various weather conditions.

The sleeping bag market size is expected to reach US$ 2.79 Bn by 2030, from US$ 1.64 Bn in 2023, at a CAGR of 7.9% during the forecast period.

Key Takeaways
Key players operating in the sleeping bag market are Vaude, Snugpak, Oase Outdoors, Ohuhu, Teton Sports, Coleman and Enlightened Equipment. Growing participation in mountaineering and outdoor activities is driving demand for high-performing and durable sleeping bags.

Manufacturers are focusing on production of sleeping bags with advanced insulation technologies for enhanced warmth and breathability. Various innovations like lightweight mummy bags, sleeping pads, inflatable sleeping bags etc. are further augmenting Sleeping Bag Market Growth.

Increasing health awareness has led to rising participation in outdoor activities like camping and trekking, thereby propelling demand for sleeping bags. Growth in adventure tourism and eco-tourism across different regions is also driving market growth. Rising youth population and their inclination towards outdoor sports has accelerated consumption of sleeping bags over the years.


Market Trends
Incorporation of insulation technologies: Manufacturers are focusing on integration of advanced insulation technologies like hollow fibers, hydrophobic down and 3D spacer fabric for enhanced warmth, breathability and compressibility.

Lightweight and packable sleeping bags: There is high demand for ultra-lightweight and compressible sleeping bags that can be easily packed in backpacks. Various innovations like integrated compression bags help reduce volume and weight.

Market Opportunities
Growth in e-commerce: Rising penetration of internet and preference for online shopping will drive sales of sleeping bags through e-commerce platforms.

Product innovation: Manufacturers can focus on development of value added products like self-inflating sleeping pads, sleeping bag liners and combination sleeping bags to tap new market segments.

Impact of COVID-19 on the Sleeping Bag Market:

The COVID-19 pandemic has adversely impacted the sleeping bag market across the globe. During the initial lockdown phases in early 2020, majority of camping activities and outdoor sports events were temporarily banned by governments to curb spread of the virus. This led to a sharp decline in demand for sleeping bags from both commercial and individual consumer segments. Manufacturers witnessed disruption in their supply chains due to closed international borders which further aggravated the situation.

As lockdowns started to ease in late 2020 and early 2021, the sleeping bag market saw signs of recovery particularly in regions where outdoor recreational activities were resumed with certain safety protocols. However, demand still remained below pre-pandemic levels due to reduced discretionary spending and ongoing travel restrictions in many countries. Over the past year, there has been a shift in consumer preference towards smaller and portable sleeping bags suited for camping closer to home rather than long distance trekking.

Looking ahead, the sleeping bag market is expected to gradually regain lost growth momentum over 2022-2023 as more parts of the world achieve higher vaccination rates and ease virus containment measures. However, market players will need to focus on streamlining their distribution networks and supply chains to deal with persisting challenges from the ongoing pandemic. Introduction of new product lines targeted towards safe outdoor activities within social distancing guidelines can also help revive demand faster.

Geographical Regions with Highest Sleeping Bag Market Value:
North America currently accounts for the highest market value share in the global sleeping bag industry. Countries like United States and Canada have seen rising popularity of indoor and outdoor recreational activities in recent years.Presence of extensive national parks and forests fostering camping culturehas been a major growth driver. Similarly, Europe is also a lucrative region owing to increasing participation in hiking,mountain biking and other adventure sports across countries like Germany, France and United Kingdom.

Fastest Growing Region in the Sleeping Bag Market:
The Asia Pacific region is expected to witness the fastest growth in the sleeping bag market over the coming years. Nations like China, Japan and India have been progressively improving their outdoor tourism infrastructure which is encouraging more people to take up camping and trekking. Favourable government initiatives along with growing health consciousness among millennial are enhancing the popularity of adventure sports in Asia. Rising disposable incomes is also enabling greater discretionary spending on outdoor recreational gear including sleeping bags. With ongoing urbanisation and exposure to global trends, demand for innovative sleeping bag designs is surging rapidly across emerging Asian economies.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.

(https://www.linkedin.com/in/ravina-pandya-1a3984191)



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