The global sleeping bag market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2024-2031). The market growth is driven by the growing demand for outdoor activities and the rising market of adventure tourism. Additionally, the rise in disposable income is contributing to the market growth. The global sleeping bag market is segmented by insulation type (into down, synthetic), by size (into kids, long, and regular), by shape (into rectangular shape and mummy shape), by sales channel (online and offline), and by geography (into North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa).
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Market Dynamics
- The down insulation segment holds a major market share, attributing to the lightweight, compressibility, and exceptional warmth-to-weight ratio, making it perfect for cold-weather camping.
- The rectangular shape segment is anticipated to hold a considerable market share during the forecast period. This is attributed to the ease of use of rectangular sleeping bags. The rectangular bags are good for warm weather camping, ease of sharing, and comfort.
- North America held the largest market share for sleeping bags. The regional dominance is attributed to the increase in outdoor and leisure activities across the region. Additionally, the expanding digital commerce industry is providing a favorable environment for product advancement. Furthermore, the number of professional rock climbers and mountaineers is expected to increase, fueling the market growth.
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The major players in the global sleeping bag market include Jack Wolfskin, AMG Group Vaude, Johnson Outdoors Inc., Oase Outdoors, and Exxel Outdoors among others. The market players are contributing significantly to the market growth by the adoption of various business strategies, such as product development, mergers and acquisitions, partnerships, and more.
Recent Developments
- In March 2024, Sea to Summit launched sleeping bag and liner categories. The Spark PRO is lightweight and offers 950+ FILL Power, making it comfortable and compact. It comes with the Free Flow zip system.
- In May 2023, Nemo created a recyclable sleeping bag with the updated forte men’sand women’s 20f/35f series. It is an updated version of the company’s 3-season spoon-shaped synthetic sleeping bag and is 100% recyclable. The product features a spoon shape, thermo gill, oversized blanket fold, integrated pillow pocket, and full-length double-slider YKK zipper. The product is available in three material suite choices including recycled liner, bluesign-approved shell fabric, and zerofiber PCR insulation. It offers a mono-polymer design for easy recycling.
- In March 2022, Big Agnes launched its 3N1 Sleeping Bag series. The 3N1 series offers three sleeping bag configurations in one system. The bag is suitable for three-season camping.
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