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

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.

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Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

Adidas AG - The company offers outdoor apparel such as Adicolor Classics High Shine Track Jacket, Adicolor Classics High Shine Straight Leg Track, and Adicolor Classics Firebird Primeblue Track Jacket.

ASICS Corp. - The company offers outdoor apparel such as Mens Ready Set Jacket Lam, Mens Accelerate Jacket, and Mens Stretch Woven Jacket.

Columbia Sportswear Co. - The company offers outdoor apparel such as Columbia Unisex Blue Freezer Zero II Arm Sleeves, Columbia Unisex Grey SOCKS MN 2P WOOL THERMAL CREW, Columbia Unisex Grey Trail Shaker Beanie.

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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).

The market share growth by the offline segment will be significant for overall market growth during the forecast period. Pricing and wide assortment are the new business and retail strategies that retailers are adopting to survive in a highly competitive market. For instance, Decathlon SA sells its products through retail outlets and partner stores. As of 2020, the company has 1,697 of its retail stores and partner stores in 60 countries around the world. Hence, such factors are expected to boost sales of outdoor wear during the forecast period.

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.

North America is estimated to account for 34% of the growth of the global market during the forecast period. Due to the development of the outdoor sports industry and the rising prevalence of obesity and diabetes, the regional market is expected to witness strong growth during the forecast period. The prevalence of diseases leads many people to participate in outdoor activities such as rock climbing and hiking to stay fit. Hence, such factors are expected to increase the demand for outdoor apparel in North America during the forecast period.

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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!

What are the key data covered in this Outdoor Apparel Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the outdoor apparel market between 2023 and 2027

Precise estimation of the size of the outdoor apparel market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the outdoor apparel market across North America, Europe, APAC, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of outdoor apparel market vendors

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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

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global outdoor apparel market 2017 - 2021

4.2 Distribution Channel Segment Analysis 2017 - 2021

4.3 Product Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Market Share of Vendors

5.1 Market Share of Vendors 2022

6 Five Forces Analysis

6.1 Five forces summary

6.2 Bargaining power of buyers

6.3 Bargaining power of suppliers

6.4 Threat of new entrants

6.5 Threat of substitutes

6.6 Threat of rivalry

6.7 Market condition

7 Market Segmentation by Distribution Channel

7.1 Market segments

7.2 Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027

7.4 Online - Market size and forecast 2022-2027

7.5 Market opportunity by Distribution Channel

8 Market Segmentation by Product Type

8.1 Market segments

8.2 Comparison by Product Type

8.3 Top wear - Market size and forecast 2022-2027

8.4 Bottom wear - Market size and forecast 2022-2027

8.5 Coveralls - Market size and forecast 2022-2027

8.6 Others - Market size and forecast 2022-2027

8.7 Market opportunity by Product Type

9 Customer Landscape

9.1 Customer landscape overview

10 Geographic Landscape

10.1 Geographic segmentation

10.2 Geographic comparison

10.3 North America - Market size and forecast 2022-2027

10.4 Europe - Market size and forecast 2022-2027

10.5 APAC - Market size and forecast 2022-2027

10.6 South America - Market size and forecast 2022-2027

10.7 Middle East and Africa - Market size and forecast 2022-2027

10.8 US - Market size and forecast 2022-2027

10.9 China - Market size and forecast 2022-2027

10.10 Germany - Market size and forecast 2022-2027

10.11 France - Market size and forecast 2022-2027

10.12 UK - Market size and forecast 2022-2027

10.13 Market opportunity by geography

11 Drivers, Challenges, and Trends

11.1 Market drivers

11.2 Market challenges

11.3 Impact of drivers and challenges

11.4 Market trends

12 Vendor Landscape

12.1 Overview

12.2 Vendor landscape

12.3 Landscape disruption

12.4 Industry risks

13 Vendor Analysis

13.1 Vendors covered

13.2 Market positioning of vendors

13.3 Adidas AG

13.4 ASICS Corp.

13.5 Columbia Sportswear Co.

13.6 Fenix Outdoor International AG

13.7 G III Apparel Group Ltd.

13.8 Gokyo Outdoor Apparel and Lifestyles Pvt. Ltd.

13.9 Hanesbrands Inc.

13.10 Newell Brands Inc.

13.11 Nike Inc.

13.12 Norrona Sport AS

13.13 Outdoor Research

13.14 Patagonia Inc.

13.15 PUMA SE

13.16 Under Armour Inc.

13.17 VF Corp.

14 Appendix

14.1 Scope of the report

14.2 Inclusions and exclusions checklist

14.3 Currency conversion rates for US$

14.4 Research methodology

14.5 List of abbreviations

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