Global Kids Backpack Market – Overview
In recent years, consumers are increasing preferring to purchase durable and lightweight for improved comfort and convenience. The shift in purchasing preference is key factor in pushing the overall development of the global kids back pack market. Besides from messenger backpacks that consists of one strap, kids’ back pack manufacturing companies are now concentrating on developing two straps for distribute equal weight on both shoulders. The competition in the global market for kids back pack is huge and there are several companies operating in the market space. The brand companies are working towards marketing and expanding their products to wider reach and improve their profit margins.
Global Kids Backpack Market – Notable Developments
The kids’ backpack market is characterized by the presence of a large number of regional companies offering a variety of products. These companies device various strategies, such as offering cheap and valuable kids’ backpack products to suit every need.
Some of the key players in the kids’ backpack market are: Herschel Supply Co, JansPort, Under Armour U.S, Dakine Backpacks, L.L Bean, Kipling’s Seoul, Pottery Barn, Samsonite International S.A, VIP Industries Ltd, Skyline and Nike Inc.
Looking for exclusive market insights from business experts? Request a Custom Report
Global Kids Backpack Market – Drivers and Restraints
There are several factors that are helping to drive the growth of the global kids back pack market over the course of the given forecast period ranging from 2020 to 2030. One of the biggest driving factor for the market growth, is the increasing demand for back packs across the globe. As these products are lightweight and durable, the offer convenience and comfort. Naturally, the demand is high from the end users, driving the growth of the global market.
In recent years, rapid expansion in the kids’ backpack market have been made possible due to the increased demand for new and trendy kids’ backpack designs. Consumers purchase backpacks after assessing multiple factors including weight, color and comfort. Moreover, with the advent of smartphones and e-commerce in our day-to-day lives, purchasing the right fit kids’ backpack has become easier than ever, thereby aiding in the growth of kids’ backpack market.
However, there are some factors that might impede the growth of the global kids back pack market in the coming years of the forecast period. One of the key restraining factor for the market is the looming fear of developing back pain at an early age. Moreover, growing weight of books and thus of back packs due to unwarranted educational policies is also expected to impede the market.
Global Kids Backpack Market – Geographical Outlook
Based on geographical segmentation, the global kids back pack market is divided into five key regions. These regions are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific. Of these, the global market is being dominated by the regional North America followed by Europe. The growth of the North America market as well as the Europe market is primarily attributed to the presence of prominent vendors such as LL Bean and Samsonite.
On the other hand, the regional segment of Asia Pacific is expected to witness a highly promising growth in the coming years of the forecast period. The growth of the Asia Pacific market is expected to be fueled by the increasing demand from emerging economies such as China and India. These countries are also among the largest producers, consumers, and exporters of kids’ back packs. This makes the region the biggest exporter of products in the global kids back pack market.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.