Outdoor Apparel Market Size to grow by USD 5,597.7 million from 2022 to 2027; The high popularity of outdoor sports drives growth

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07 Jun, 2023, 05:15 ET

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NEW YORK, June 7, 2023 /PRNewswire/ -- The global outdoor apparel market size is estimated to increase by USD 5,597.7 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.58% during the forecast period. The high popularity of outdoor sports notably drives the market growth for outdoor apparel. The growth can be attributed to outdoor leisure activities such as rock climbing, hiking, and trekking becoming more popular worldwide, the shift from traditional outdoor activities such as hunting and fishing, rapid urbanization, people's busy lifestyles, and growing health consciousness. Such factors drive the growth of adventure tourism, leading to more participation in important outdoor activities such as hunting. For instance, the 2022 Winter Olympics held in China from February 4 to 20, 2022 included 109 events in 15 events in 7 sports. Hence, such factors are expected to drive the growth of the global outdoor apparel market during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and Forecast 2023-2027 before buying the full report -Request a sample report

Outdoor apparel market – Vendor AnalysisVendor Landscape - The global outdoor apparel market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer outdoor apparel in the market are Adidas AG, Aigle International SA, ANTA Sports Products Ltd., Arendicom GmbH, ASICS Corp., Boardriders Inc., Callaway Golf Co., Canadian Tire Corp. Ltd., Columbia Sportswear Co., Fenix Outdoor International AG, G III Apparel Group Ltd., Gokyo Outdoor Apparel and Lifestyles Pvt. Ltd., Hanesbrands Inc., Newell Brands Inc., Nike Inc., Nikwax Ltd., Norrona Sport AS, Outdoor Research, Patagonia Inc., PUMA SE, Under Armour Inc., and VF Corp. and others.

What's New? -

Vendor Offerings -

Outdoor Apparel Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on distribution channel (offline and online), product type (top wear, bottom wear, coveralls, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Geography OverviewBy geography, the global outdoor apparel market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global outdoor apparel market.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Outdoor Apparel Market – Market Dynamics

Key Trends -

An emerging trend in the outdoor apparel market is the rise in private-label brands of outdoor apparel. The global market experiences an increasing number of private-label brands, which leads to competition among global and regional suppliers. Furthermore, private label lowers the retail price of branded brands.

Additionally, the entry of private labels has made outdoor clothing affordable for consumers. For instance, Field and Stream, a subsidiary of DICK'S Sporting Goods, is a retailer of clothing, equipment, and other supplies for the hunting, fishing, and camping industries. Hence, the growing presence of these brands will have a positive impact on the market during the forecast period, especially in terms of attracting consumer interest.

Major challenges -

The growing global proportion of the geriatric population is a challenge that may impede market growth. Older people are more likely to have health problems such as arthritis, diabetes, and heart disease and they prevent older people from participating in outdoor recreational activities, including rock climbing, hiking, and trekking.

Furthermore, according to the U.S. Census Bureau, the number of geriatric patients in the world is expected to exceed 1.5 billion by 2050 and thus, in 2050, 16% of the world's population will be over the age of 65. Hence, the steadily increasing elderly population will increase the demand for indoor fitness activities such as yoga and aerobics, which in turn reduces the demand for outdoor wear during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

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Outdoor Apparel Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.58%

Market growth 2023-2027

USD 5,597.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.22

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adidas AG, Aigle International SA, ANTA Sports Products Ltd., Arendicom GmbH, ASICS Corp., Boardriders Inc., Callaway Golf Co., Canadian Tire Corp. Ltd., Columbia Sportswear Co., Fenix Outdoor International AG, G III Apparel Group Ltd., Gokyo Outdoor Apparel and Lifestyles Pvt. Ltd., Hanesbrands Inc., Newell Brands Inc., Nike Inc., Nikwax Ltd., Norrona Sport AS, Outdoor Research, Patagonia Inc., PUMA SE, Under Armour Inc., and VF Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Market Share of Vendors

6 Five Forces Analysis

7 Market Segmentation by Distribution Channel

8 Market Segmentation by Product Type

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Vendor Landscape

13 Vendor Analysis

14 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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