Global Sleeping Bag Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

Global Sleeping Bag Market: Overview

"The Sleeping Bag Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

The sleeping bag is a special type of bag which is mainly used to sleep safely and comfortably. This bag is the best alternative option for a bed. The sleeping bag has various advantages such as protection from cold winds, warmth, cushioning effect, protect from rain and others which helps to the consumers to choose suitable sleeping bag option among the other sleeping bags.

In addition, the consumer must focus on sleeping bag size, comfort, lightweight, cost-effective, insulation, and others during selecting a sleeping bag. The sleeping bag is very popular and available in the market easily.

The individual mostly preferred the sleeping bag while several outdoor activities such as hill walking, hiking, camping, mountaineering, etc. Also, the high penetration of various pattern sleeping bags on e-commerce portals helps to the end user for the selection and purchase of specific sleeping bags easily.

Global Sleeping Bag Market: Dynamics

Growing demand for a sleeping bag in developing and developed countries, owing to increasing inclination towards the several adventurous activities such as trekking, rafting, camping, and others. This is a key factor anticipated to drive growth of the global sleeping bag market during the forecast period.

In addition, rising awareness about several benefits associated with camping such as improve mental health, reduce stress, and others among the millennial population resulting in growing demand for sleeping bag across the globe. These are major factors projected to boost global market growth during the forecast period.

Expanding the travel and tourism industry and e-commerce sector across the globe and rising individual per capita income are other major factors anticipated to propel global market growth over the forecast period. In addition, the increasing popularity of variants of sleeping bags and growing awareness among adventure enthusiast about several advantages of this bag such as weightless, more compact, convenient, comfortable, cost-effective, and others are expected to boost growth of the global market.

Furthermore, rising launching of innovative and new patterns of sleeping bag associated with pocket-friendly, suitable for all climate conditions, and others are anticipated to proliferate growth of the target market in the upcoming years.

However, the availability of several substitutes to the sleeping bag such as camping tents, recreational vehicles, glamping, and others is projected to restraint growth of the global sleeping bag market. Glamping, with its blend of luxury and outdoor adventure, has revolutionized the sleeping bag market, driving demand for high-end, comfortable sleeping bags that combine the coziness of a boutique hotel with the thrill of sleeping under the stars.

Global Sleeping Bag Market: Segment Analysis

Increasing adoption of synthetic fill sleeping bag among individuals, owing to its better performance in all type of weather conditions, more comfortable, and affordable is the primary factor driving revenue growth of the synthetic segment among the insulation type segments.

Global Sleeping Bag Market: Region Analysis

North America and Europe sleeping bag market hold major revenue share in the global market, owing to a large number of adventure enthusiast and high influence of online advertisements and social media. In addition, rising camping activities and rapid adoption of the sleeping bag in countries such as Canada, US, Italy, Germany, France, and the UK in these regions. The market in the Asia Pacific is anticipated to register significant growth in the global market, owing to rising number of recreational activities and high adoption of water-resistant sleeping bag among millennial in countries such as Japan, China, and India in this region. The market in Latin America and Middle East & Africa are anticipated to register average growth in the global market, owing to rising outdoor activities in countries in these regions.

Global Sleeping Bag Market Segmentation:

Segmentation by Insulation Type:

• Synthetic
• Down

Segmentation by Shape:

• Mummy Shape
• Rectangular Shape

Segmentation by Distribution Channel:

• Hypermarkets/Supermarkets
• Multi Brand Stores
• E-commerce
• Specialty Stores

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa