Outdoor Apparel Market, Future Demand Analysis, Players, Size, Share Opportunities, and Growth Rate through 2032
The global outdoor apparel market size is set to gain traction owing to the rising growth of people participating in physical activities. Fortune Business InsightsTM has presented this information in its report titled “Outdoor Apparel Market, 2022-2029”. Outdoor apparel is experiencing a surge in market growth as people become more attracted to the availability of multiple fabrics specifically designed to handle specific situations, which improves flexibility and ease of use while participating in outdoor activities.
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COVID-19 Impact-
With the spread of the COVID-19 virus, the apparel segment has contracted unexpectedly. The majority of brands, manufacturers, and retailers suffered significant losses as a result of the rising inactivity caused by the increasing active cases of COVID-19, which resulted in strict lockdowns. The Chinese market, on the other hand, continued to be the industry's growth engine, with a rising CAGR despite the global pandemic. However, as a result of the crisis, top outdoor apparel retailers and brands have canceled their orders, even after the completion of work.
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Segmentation -
On the basis of product type, the market is divided into ready-to-wear, fashion outerwear, swimwear, and others. On the basis of the fabric, the market is segmented into nylon, polyester, cotton, and others. On the basis of end-user, the market is fragmented into men, women, and children. Geographically, the market is classified into Asia Pacific, North America, Europe, South America, and the Middle & Africa.
Report Coverage -
The report covers exhaustive data on the outdoor apparel industry. The report includes data on the driving and restraining factors of the market, challenges and opportunities, and the cumulative COVID-19 impact on the industry.
Drivers & Restraints -
A Shift from Traditional Bars to Organic Liquid Soaps Will Augment Market Growth
The growing number of people participating in physical activities around the world has led to an increase in the use of outdoor apparel, which is driving the market growth. According to Global Wellness.Org data, the number of people engaged in physical activities in various countries in 2018 was 69.6% in Japan, 58.8% in the U.S56.2% in Germany, and 56.8% in the U.K. Furthermore, parents are increasingly allowing their children to participate in various outdoor activities such as kayaking, biking, hiking, and others, which generates positive traction.
However, the rising cost of fabric usage raises the final cost of the product, this factor may impede the outdoor apparel market growth.
Regional Insights -
North America Accounts for a Significant Market Share
North America is expected to have a significant outdoor apparel market share during the forecast period. The growing popularity of camping in this region, which is driving the demand for the product, is likely to fuel the demand. For example, according to Condor Ferries.Co.UK data on 'Camping Statistics 2020,' one out of every 77 million households in the U.S. has at least one person who enjoys camping. Furthermore, the increasing involvement of people fishing in this region is increasing the demand for outdoor apparel. For example, according to the Outdoor Industry. Org data, 16.4% of the American population aged six and up participated in fishing at least once in 2018.
The Asia Pacific is expected to have a significant presence in the outdoor apparel market as a result of the government's efforts to improve tourist destinations, which has aided in increasing usage. For example, according to World Bank.Org data, the urban population of East Asia & Pacific in 2019 is 59.887 percent, up from 59.053 % the previous year.
Competitive Landscape -
Key Players to Focus Collaborative Efforts
The industry is fairly competitive with existing key players in the outdoor apparel market. Furthermore, key players are focusing on adopting organic growth strategies like collaboration and new product launches. For instance, in September 2021, a new apparel line called Eastbay Performance was launched by Eastbay and Champs Sports.
Industry Developments
July 2019: Athlete, LLC, hunting and outdoor clothing brand, was acquired by ARES Outdoors.
List of Key Players in the Global Market -
Mountain Hardwear
Salewa
Aigle
Lowe Alpine
BYN BlackYak
Arendicom GmbH
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