Global Hydration Backpack Market 2019-2023

SKU ID : TNV- 13130149

Publishing Date : 11-Feb-2019

No. of pages : 112

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  • About this market
    The advantages of hydration backpacks during outdoor activities and military training are ease of use and optimized hydration. Hydration backpacks provide easy access to water, which eases drinking water on the go. Moreover, these backpacks are temperature regulated for use in both summer and winter. Hydration backpacks are used by military personnel to remain hydrated during combats, training, and other operations. These hydration packs also have rain covers and are made of fabric that helps military personnel to camouflage their presence. analysts have predicted that the hydration backpack market will register a CAGR of over 6% by 2023.
    Market Overview
    Increasing popularity of e-commerce channels
    The penetration of the Internet and the availability of smart gadgets increase access to online shopping platforms. With the increasing number of Internet users in developing countries, manufacturers and retailers have considerable market potential in these countries. These advantages create a lucrative distribution channel for hydration backpacks, which is expected to propel the demand during the forecast period.
    High cost of hydration backpacks
    To recover their R&D costs, vendors sell hydration backpacks at a higher price compared to regular water bottles. Hence, the high cost of products and low disposable income in developing countries impede the demand for hydration backpacks.
    For the detailed list of factors that will drive and challenge the growth of the hydration backpack market during the 2019-2023, view our report.
    Competitive Landscape
    The market appears to be moderately concentrated and with the presence of limited vendors. The vendors of hydration backpacks focus on providing a better online shopping experience, this will drive the market growth during our forecast period. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

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