The US Backpack and Courier Bag Manufacturing industry suffered revenue declines during the height of the recession. As the unemployment rate climbed to new levels during the recession, personal 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, despite suffering revenue declines during the recession, the industry is forecast to continue improving during the five years to 2019. As demand from retailers rebounds, consumer budgets increase and the number of young adults grows, revenue is anticipated to recover.
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. Manufacturers of these bags are primarily located in low labor-cost countries.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.