Industry Analysis & Industry Trends
In the bag
The Backpack and Courier Bag Manufacturing industry will face a steady recovery over the five years to 2017, driven by innovative and high-value products. However, domestic manufacturers will face strong competition from imports over the period. Because production costs are substantially lower in foreign manufacturing countries like China and Mexico, downstream wholesalers and retailers will increasingly source their products from these supplies. Nevertheless, growth in disposable income will support industry revenue growth. ... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry's market concentration is high, as evidenced by the presence of two large major players (VF Corporation and CamelBak Products), with significant market share. Particularly, VF has grown through rising demand for its products and associated brands and also through peer company acquisition. For example, VF purchased Timberland, an outdoor products company, for $2.0 billion in June of 2011. Timberland makes backpacks and outdoor packs, further increasing VF's market share in the industry.
In turn, industry market share has risen, due to acquisition activity by VF and the revenue growth of the brands that it owns. Other players have also gained market share, due to the increasing popularity of outdoor packs among consumers... purchase to read more