Overview

In the bag: Despite import competition, demand for innovative products will sustain growth

The Backpack & Courier Bag Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Increased competition from imports posed a significant threat to the industry
  • The industry recovered due to rebounding disposable income and a growing consumer market
  • Demand from sporting goods stores will rebound, fueling steady growth

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    Industry Analysis & Industry Trends

    The Backpack and Courier Bag Manufacturing industry suffered revenue declines at the height of the recession. As the unemployment rate climbed to new levels during the recession, disposable income dropped for the first time since 1991. Along with a drastic decline in consumer confidence, these conditions limited purchases at sporting goods stores. However, the industry is forecast to improve over the five years to 2021. As demand from retailers rebounds, consumer budgets increase and the number of young adults grows, revenue is anticipated to recover...

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    Industry Report - Industry Products Chapter

    Backpacks

    Industry operators produce backpacks used for carrying small items to and from various locations. Many consumers use backpacks to carry books for school or on short-distance trips. During the five years to 2016, backpacks have increasingly been marketed with the ability to be customized, even allowing users to pick and choose certain designs to be placed on the pack. Additionally, players are offering pockets and sleeves for products that are popular with young consumers, including Apple iPhones and iPods as well as laptop computers.

    In recent years, manufacturers integrated specialty functions, such as portable device-charging capabilities using rechargeable batteries built into bags. Nev..

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    Additional Insights for the Backpack & Courier Bag Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Backpack & Courier Bag Manufacturing Industry are

  • Supply contracts in place for key inputs
  • Economies of scope
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Import penetration into the manufacturing sector in the Backpack & Courier Bag Manufacturing industry impact industry performance..

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    Industry Products

    What is the Backpack & Courier Bag Manufacturing Industry?

    Operators in this industry manufacture backpacks and courier bags from a variety of materials, including canvas, rubberized fabric and plastic-based materials. Backpacks are typically designed for school or outdoor use and typically have two straps that go over each shoulder. Courier bags, which are often called messenger bags, are worn across the body.

    Industry Products
    Backpacks
    Outdoor packs
    Courier bags
    Industry Activities
    Backpack
    Outdoor pack
    Courier bag

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Import penetration into the manufacturing sector
  • Trade-weighted index
  • Demand from sporting goods stores
  • Number of adults aged 20 to 64
  • Time spent on leisure and sports

  • Current Performance
  • Improved conditions
  • Increasing demand
  • Product innovations
  • Chart: Revenue Growth

  • Industry Outlook
  • Imports challenge domestic producers
  • Industry landscape
  • Trending designs and features
  • Table: Backpack & Courier Bag Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Backpack & Courier Bag Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Sporting Goods Stores
  • Department Stores
  • Warehouse Clubs & Supercenters
  • Consumers

  • Key Selling Industries
  • Cotton Farming
  • Synthetic Fiber Manufacturing

  • Products & Services
  • Backpacks
  • Outdoor packs
  • Courier bags
  • Chart: Backpack & Courier Bag Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Department stores
  • Warehouse clubs and discount stores
  • Direct sales
  • Wholesalers
  • Exports
  • Sporting goods retailers
  • Chart: Major Market Segmentation for the Backpack & Courier Bag Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Backpack & Courier Bag Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Backpack & Courier Bag Manufacturing Industry

  • Industry Globalization
    Major Companies
    Vista Outdoor Inc.VF Corporation
  • Table: Vista Outdoor Inc. - financial performance
  • Table: VF Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Backpack & Courier Bag Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Backpack & Courier Bag Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Per Capita Disposable Income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Offshoring
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsourcing
  • To procure goods or services under contract with an outside supplier.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Backpack & Courier Bag Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Backpack & Courier Bag Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Backpack & Courier Bag Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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