Product ID: SQSG25K2010
Report ID: SQSG25K2010 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 62 | Figures: 75
Outdoor Apparel Market size was valued at USD 14.9 billion in 2021 and is poised to grow from USD 15.72 billion in 2022 to USD 22.8 billion by 2030, growing at a CAGR of 5.45% in the forecast period (2023-2030).
As more people are drawn to the availability of different materials developed specifically to handle specific scenarios, which enhance the flexibility and simplicity of use when engaging in outdoor sports, the market for outdoor wear is expanding at an accelerating rate. The product's capacity to provide superior body protection to everyday clothing, lessen pain, and boost performance has contributed to a rise in consumer demand.
Around the world, there are more and more individuals engaging in physical activity, which has increased the demand for outdoor clothing and is fueling the outdoor apparel market's expansion. In addition, parents are progressively allowing their kids to participate in a variety of outdoor activities like hiking, biking, kayaking, and others.
US Outdoor Apparel Market is poised to grow at a sustainable CAGR for the next forecast year.
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The global outdoor apparel market segmentation is based on product, end-use, and region. Based on product the market is segmented into top wear and bottom wear. Based on end-use the market is segmented into men, women, and kids. Based on region the global outdoor apparel market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Outdoor Apparel Market Analysis by Product
In 2021, the sector for bottom wear accounted for the highest market share and is expected to experience the largest CAGR during the forecast period. Shorts, trousers, and tights & leggings are the subcategories of bottom wear outdoor apparel products. Companies that produce outdoor clothing are concentrating on giving clients comfortable bottom wear gear and maintaining a proper microclimate between the body and the garment.
Outdoor Apparel Market Analysis by End-Use
In 2021, the men segment generated the highest outdoor apparel market revenue. Attributed to the reason that men's outdoor involvement has been steadily rising over the course of the projected period, the men's category held the biggest market share. Furthermore, industry participants have started introducing men's lightweight and cozy clothing. These have wicking qualities and are constructed of stretchy fabric components.
It is expected that the women's market will expand briskly over the projection period. Women's natural preference for unusual and exotic vacations as well as the rising popularity of outdoor sports and activities are the main drivers supporting the growth of this market throughout the forthcoming years.
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In 2021, the largest outdoor apparel market share belongs to North America. The growth of the US area is fueled by a stable economic environment and rising income levels. The widespread availability of new, performance-improving sports gear encourages consumers to purchase more upscale goods, and continuous initiatives will expand the market in this area.
The Asia Pacific is projected to grow significantly during the projection period. In APAC, China is the major region for outdoor clothing. The market in the area will grow more quickly than the market in other places. The expansion of the outdoor apparel market in Asia pacific will be aided by the rising Millennials, rising disposable income, and increased public awareness of physical fitness.
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Outdoor Apparel Market Driver
Outdoor Apparel Market Restraint
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To capture a sizable portion of the outdoor apparel market, the top firms in the sector concentrate on offering clients personalized solutions. The top players have also benefited from strategies like product launches and acquisitions to increase their market share in the world for outdoor gear. For instance, in February 2021, in order to cater to consumers in China, Hanesbrands Inc. and Belle International entered into a licensing deal to launch a line of shoes and accessories under the Champion brand.
Top Players in the Global Outdoor Apparel Market
Outdoor Apparel Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the industry for bottom wear has the largest market share in 2021 and is expected to grow at the highest CAGR during the projected period. Men's clothing made up the largest portion of the Outdoor Apparel industry in terms of market revenue in 2021. North America will hold the biggest market share in 2021.
|Market size value in 2021||USD 14.9 billion|
|Market size value in 2030||USD 15.72 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Outdoor Apparel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Outdoor Apparel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Outdoor Apparel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Outdoor Apparel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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