Outdoor Performance Apparel Market Demand, Size, Share, Industry Growth and Recent Trends by Forecast to 2027
Global Outdoor Performance
Apparel Market Demand is poised to record a CAGR of 4.52% and reach USD 27.87
billion by 2025.
Market Dynamics
The growing popularity of
outdoor activities such as cycling, running, ski diving, swimming, fishing, and
hunting is a major factor driving the global Outdoor Performance Apparel Market
Demand's growth. Additionally, the growing number of triathletes is propelling
the market forward. Additionally, increasing household income per capita, a
growing young population, and the growing popularity of adventure sports are
expected to drive the global demand for outdoor performance apparel during the
forecast period. Increased membership in fitness clubs and gyms is driving
global demand for outdoor and sports apparel. Individuals are becoming more
mindful of the health benefits of outdoor games and activities. The increase in
celebrity endorsements of outdoor and sports apparel brands is fueling global
demand for this type of apparel.
Local manufacturers sell
outdoor performance apparel that meets consumer demands and retailers' expected
inventories. Additionally, these manufacturers offer their goods in unorganized
markets at significantly lower prices, stifling growth in the global outdoor
performance apparel industry. Private-label product revenues are largely
unaccounted for, resulting in a revenue gap in the global outdoor performance
apparel industry. As a result, the growing number of private label
manufacturers offering low-cost products is expected to restrain the growth of
established players in the global outdoor performance market over the forecast
period.
The growing number of
private label manufacturers, on the other hand, is impeding the market's
growth. The global Outdoor Performance Apparel Market Demand is expected to
become lucrative for vendors operating in developed and developing economies
alike, owing to various government initiatives promoting outdoor activities, as
well as the impact of social media and creative marketing strategies.
Key Players
The
Prominent Players in the Global Outdoor Performance Apparel Market Demand
include Columbia Sportswear Company (US), Zensah (US), V. F. Corporation (US),
Voormi (US), Páramo Ltd (UK), ES Performance (US), Amer Sports (Finland), Habit
Outdoors (US), Vista Outdoor Inc (US), and Marolina Outdoor Inc. (US).
Market Segmentation:
Based on Type, the global Outdoor Performance Apparel
Market Demand has been divided into jackets & vests, pants
& trousers, boots & shoes, base layers, compression wear, and others.
The boots & shoes segment is touted to dominate the global market and be
valued at USD 9.01 billion by the end of 2025. The jackets & vests segment
is projected to grow at the fastest CAGR of 4.88% over the review period.
Based on fabric type, the global market is further
segmented into woven and knit.
On the basis of the distribution channel, the
market is segmented into smaller segments including cycling, hunting &
fishing, running, ski & snow, swimming & water sports, and others. The
category segment is categorized into supermarkets & hypermarkets and
specialty stores and online.
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Regional Analysis
Throughout the forecast era, Europe is projected to
hold a commanding share of the outdoor performance apparel industry. In 2018,
the area accounted for 41.47 percent of the industry. Germany is the primary
contributor to Europe's business development. The regional market is expected
to develop at a significant CAGR of 4.41 percent from 2019 to 2025. Individuals
of all ages are becoming more health conscious, and their focus on keeping fit
and safe has increased participation in outdoor sports activities. The launch
of new products and the advancement of outdoor performance apparel are expected
to drive the Outdoor Performance Apparel Market Demand in Europe during the
forecast period.
Additionally, the demand in North America accounts
for a sizable portion of the Outdoor Performance Apparel Market Demand, owing
to key manufacturers' expanding outdoor performance apparel product portfolios.
The growing popularity of outdoor performance apparel across multiple
industries is expected to be a significant growth driver for businesses
operating in the outdoor performance apparel space. North America's economy is
divided into the United States, Mexico, Canada, and others.
The APAC region's market is segmented into India,
China, Japan, and other countries. Consumer demand for outdoor performance
clothing will benefit companies worldwide from 2019 to 2025. However, growth
could be stifled by the increasing demand for alternative energy sources.
Additionally, the market is segmented into the Middle East and Africa region.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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