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Opportunities For The Global Hydration Pack Market Expected To Grow At A Cagr Of 5.9% By 2024

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By Author: Lucintel
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According to a new market report published by Lucintel, the future of the hydration pack market looks promising with opportunities in outdoor activities such as trekking, hiking, cycling, and running. The global hydration pack market is expected to grow with a CAGR of 5.9% from 2019 to 2024. The major growth drivers for this market are increasing outdoor recreational activities, growing disposable income, and the rapid rise in popularity of adventure tourism in western countries.
In this market, hydration packs with storage capacities of 1-3 liters, 3-6 liters, 6-10 liters, and above 10 liters are used for outdoor sports activities and tourism.
Lucintel forecasts that 1-3 hydration packs will remain the largest segment and witness the highest growth over the forecast period due to increasing demand for small and compact hydration pack which is easy to carry during various outdoor sports activities.
Within the hydration pack market, trekking and hiking will remain the largest application market and it is also expected to witness the highest growth over the forecast period due to increasing spending in outdoor amusement activities in the western economies.
North America is expected to remain the largest region and witness the highest growth over the forecast period due to growing interest in outdoor sports activities, and increasing interest in trekking, hiking and adventure tourism.
Emerging trends, which have a direct impact on the dynamics of the market, include increasing usage of removable bladders for easy reservoir cleaning and pressurized hydration nozzles for easy sipping. Vista Outdoor, Saloman, Quest, Jack Wolfskin, High Seirra, Deuter Sports GmbH, Gregory Mountain Products, Inoveight Limited, Osprey, and Montbell are among the major suppliers of hydration packs.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global hydration pack market by application, capacity, price, sales channel, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Hydration pack Market 2018-2023: Trends, Forecast and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of the global hydration pack market by application, capacity, price, sales channel, and region as follows:
By Application [Value ($ Million) from 2013 to 2024]:
• Trekking and Hiking
• Cycling
• Running
• Military
By Storage Capacity [Value ($ Million) and Volume (Million Units) from 2013 to 2024]:
• 1-3 Liters
• 3-6 Liters
• 6-10 Liters
• Above 10 Liters
By Price [Value ($ Million) for 2018 and 2024]:
• Less than $40
• $40 to $80
• Above $80
By Sales Channel [Value ($ Million) from 2013 to 2024]:
• E-commerce
• Retailers
• Others
By Region [Value ($ Million) and Volume (Million Units) from 2013 to 2024]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This 195-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Consumer Goods Report, Consumer Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following key questions:

Q. 1. How big are the opportunities for the global hydration pack market by application (trekking and hiking, cycling, running, and military), capacity (1-3 liters, 3-6 liters, 6-10 liters, and above 10 liters), price (less than $40, $40 to $80, and above $80), sales channel (e-commerce, retailers, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which product segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q. 10. What M&A activity has occurred in the last five years?

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