Sleeping Bags Market
Sleeping Bags Market By Product (Rectangular Sleeping Bags, Barrel-shaped Sleeping Bags, Mummy Sleeping Bags, Double Sleeping Bags), By Distribution Channel (Specialty Retail Stores, e-Commerce) & By Region - Global Market Insights 2022 to 2032
Sleeping Bags Market Outlook (2022-2032)
Expanding at a noteworthy CAGR of 7.1%, the global sleeping bags market is anticipated to rise from a market valuation of US$ 1.74 billion in 2022 to US$ 3.46 billion by the end of 2032.
Trekkers and campers tend to favor sleeping bags that give them room to roll over and spread out. As such, rectangular sleeping bags are more popular. For the best results, it is also crucial to choose the correct kind of insulation in sleeping bags.
Sleeping Bags Market Size (2022E)
US$ 1.74 Billion
Forecasted Market Value (2032F)
US$ 3.46 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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Sales Analysis of Sleeping Bags (2017-2021) Vs. Market Outlook (2022-2032)
According to Fact.MR, a market research and competitive intelligence provider, the demand for sleeping bags is projected to increase at a CAGR of 7.1% from 2022 to 2032.
A sleeping bag is a compact quilt that can be closed with a zipper or other similar devices to create tube-shaped insulation covering for a person. This product functions as lightweight, portable bedding, mostly applicable for situations, wherein a person is sleeping outdoors.
This commodity is especially useful for people during activities such as camping, hiking, mountaineering, and other similar events. With increasing outdoor activities occurring all over the globe owing, the demand for sleeping bags is increasing by the day, thus giving rise to a distinct sleeping bags market.
Why is the Popularity of Sleeping Bags Increasing Rapidly?
“Ever-growing Outdoor Recreation Industry to Augment Demand for Sleeping Bags”
The outdoor industry is significantly driven by increased consumer spending on recreational activities. A recovering economy, low inflation rates, and growing disposable incomes are factors supporting consumer preferences for health, wellness, and recreation activities.
On account of this, the outdoor apparels and accessories market is growing steadily. As sleeping bags are an important asset of outdoor recreation activities, the growth of the outdoor industry is likely to translate into the growth of the sleeping bags market. The introduction of innovative and effective sleeping bag designs through online as well as offline distribution channels are the prominent retail trends operating in the sleeping bags market.
Recreation, sports, and leisure activities have been studied to contribute to the development of communities across the globe. Strong evidence supports the relationship between health benefits and physical outdoor activities. The global health and wellness trend is clearly driven by consumer preference for natural and healthier products. The pool of consumers involved in exercising and sports to maintain a healthy life has increased.
Trends as such have increased preference for different recreational activities that cater to the expectations of all age groups. Consumers are actively spending on purchasing outdoor apparel and apparel accessories, including sleeping bags to improve their outdoor experience. Increased importance on outdoor recreational activities is likely to fuel the adoption of sleeping bags over the forecast period.
An Adaptive Approach to Modern-day Research Needs
What are the Opportunities for Emerging Sleeping Bag Manufacturers?
“Increasing R&D Efforts & Emergence of Innovative Camping Essentials Offering Opportunities for Aspiring Market Players”
Start-ups are researching to find the best material for maximizing customer comfort. Due to their outstanding thermal conductivity, new materials such as aerogel insulators decrease the total weight of sleeping bags while increasing their warmth.
New companies are focusing on making the outdoorsmen’s experience comfortable by introducing innovative camping equipment. Consumers usually perform intense online searches before purchasing sleeping bags. As a result, a variety of sleeping bags in terms of shape, type of insulation, weight, and temperature ratings are available.
- A new start-up, Nozipp, which promises effortless access and cutting-edge temperature management, is getting popular as a result of rising interest in its distinctively designed sleeping bag. The sleeping bag appears to be the first to employ a magnetic closing method. As a result of the method, this first-ever expanding sleeping bag has two rows of magnets. Nozipp says that its modular bag has the comfort advantages of a camping quilt but the lower extreme limitations of a high-quality down sleeping bag.
Which is the Most Profitable Regional Market for Sleeping Bag Suppliers?
“Rapid Rise in Number of Trekkers & Mountain Climbers in North America”
North America accounts for 25.7% share of the global sleeping bags market. The increase in the number of expert trekkers and mountain climbers, the rising number of camping trips, the growing import rate for raw materials, and the rise in leisure and outdoor activities are driving the market growth in North America.
The outdoor retail market in North America is expanding steadily unperturbed by climate or economic scenarios. Because of this, countries are actively involved in authorizing strategies for funding and expanding the outdoor recreation market. With the growth of the outdoor industry, associated markets of outdoor accessories, backpacks, and other essentials that include sleeping bags are growing in proportion.
Europe accounts for 23.5% share of the global market. The usage of travel products such as sleeping bags has been encouraged by the growing knowledge about the benefits of a stress-free and healthy lifestyle in the region.
Which Distribution Channel Brings in Highest Revenue for Sleeping Bag Producers?
“Specialty Retail Stores Gaining Traction Due to Advantage of Checking Product Quality & Durability”
Based on the distribution channel, the sleeping bags market is segmented into specialty retail stores and e-Commerce. The outdoor industry’s retail trend is prominently consumer-driven. Digital commerce is gradually penetrating the outdoor industry.
Specialty retail stores are preferred for the purchase of camping beds and mats or outdoor essentials including sleeping bags where consumers get exposure to the quality and durability of sleeping bags in person.
Sleeping bag manufacturers are concentrating on lowering their manufacturing costs and boosting profitability for the long-term expansion of their companies. To boost their market position, many major industry players are growing their companies through frequent product launches and partnerships with other players in the tourism sector.
As the weight of the sleeping bags is an important factor in determining the weight of an entire backpack, the new competitors in the sleeping bags market are revolving around introducing ultra-light sleeping bags with novel fill material.
For instance :
- L.L. Bean, an American retail company that manufactures clothing and outdoor recreation equipment, introduced its Ultralight Sleeping Bag with an aerogel insulator. Aerogel is an ultra-light material with extremely low density and thermal conductivity. PrimaLoft Gold Insulation combined aerogel with fiber technology, which is used in L.L. Bean’s Ultralight sleeping bag.
Key Segments Covered in Sleeping Bags Industry Research
Sleeping Bags Market by Product :
- Rectangular Sleeping Bags
- Barrel-shaped Sleeping Bags
- Mummy Sleeping Bags
- Double Sleeping Bags
Sleeping Bags Market by Distribution Channel :
- Specialty Retail Stores
Sleeping Bags Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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