Demand for fashionable fitness apparel will rise to drive the outdoor sportswear market at a CAGR of 4.1%
This growth in consumer interest in adventure tourism and other outdoor sports activities is supporting the growth of the outdoor sports apparel market
POTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, Jan. 24, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research, titled “Outdoor Sports Apparel Market by Mode of Sale and End User:Global Opportunity Analysis and Industry Forecast, 2018 – 2025 “The global outdoor sportswear market was valued at USD 12,400 Million in 2017 and is projected to reach USD 17,154 Million by 2025, registering a CAGR by 4.1% from 2018 to 2025. Outdoor sports clothing is mainly worn during workouts or when playing outdoor sports. These garments improve performance during sports or fitness physical activities by improving body movement compared to ordinary garments.
“The global outdoor sports apparel market has witnessed significant growth due to people’s growing interest in adventure tourism. Nowadays, individuals like to explore different avenues to gain deeper experience and absorb new cultures all over the world.They like to invest more time with their family.Due to increasingly hectic lifestyles.To gain significant and exceptional experience, individuals are gradually opting for unique trips that include cultural visit , cruising and outdoor sports activities. This growing consumer interest in adventure tourism and other outdoor sports activities is supporting the growth of the outdoor sports apparel market.”
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They are specially designed to provide comfort during exercise or sports and can sometimes be worn as casual fashion wear. Rising disposable income and increasing number of fitness conscious customers are the factors fueling the growth of the global outdoor sportswear market. These factors have increased consumer participation in a number of outdoor activities such as hiking, camping, mountaineering, cycling, canoeing, caving, kayaking, rafting, rock climbing, racing, sailing, skiing, skydiving, surfing and others.
Furthermore, the upsurge in the participation of young and old people in adventurous physical activities is propelling the demand for sports-related products, thereby driving the growth of the outdoor sportswear market.
However, the changing trend towards sportswear and the availability of poor quality and counterfeit products is limiting the growth in the size of the outdoor sportswear market. On the contrary, the increase in demand for fashionable and fashionable sportswear leads to the launch of new products to meet customer demand. The rise in demand for fashionable fitness apparel by the middle-aged segment has increased over the past few years, which is expected to provide growth opportunities for the outdoor sportswear market.
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Key Findings of the Outdoor Sportswear Market:
By mode of sale, the discount store segment accounted for approximately 28% of the outdoor sportswear market share in 2017, growing at a CAGR of 3.7% from 2018 to 2025.
Based on mode of sale, the branded outlet segment accounted for approximately 22% market share, growing at a CAGR of 3.2% from 2018 to 2025.
On an end-user basis, the men’s segment accounted for 52% of the outdoor sportswear market in 2017 and is expected to grow at a CAGR of 2.8%.
On the basis of end-user, the women’s outdoor sportswear segment occupied approximately 37% of the market share and is expected to grow at the highest CAGR of 5.5%.
Based on the region, North America accounted for a major market share in 2017 and is expected to grow at a CAGR of 3.2% throughout the forecast period.
North America and Europe jointly accounted for approximately 60.9% of the global outdoor sportswear market in 2017, with the former accounting for approximately 32.1% of the market. From the perspective of outdoor sportswear market growth, Asia-Pacific and LAMEA are the two potential markets that are expected to grow at significant CAGRs of 6.1% and 4.6%, respectively. during the forecast period.
Some of the major players analyzed in the outdoor sportswear industry are The North Face, Patagonia Inc., Columbia Sportswear Company, Kathmandu Limited, Woolrich Inc., Nevisport Ltd., Cotswold Outdoor Ltd., Mountain Warehouse Ltd., Under Armour, Inc., and Snowgum.
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TABLE OF CONTENTS :-
CHAPTER 1 INTRODUCTION
1.1. Description of the report
1.2. Main benefits for stakeholders
1.3. Key market segments
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and templates
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Main results of the study
2.2. CXO point of view
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Main conclusions
3.2.1. Upper investment pocket
3.2.2. The best winning strategies
3.3. Porter’s Five Forces Analysis
3.3.1. Bargaining power of suppliers
3.3.2. The bargaining power of buyers
3.3.3. Surrogate Threat
3.3.4. The threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. Positioning of the best player
3.5. Market dynamics
184.108.40.206. People’s pure inclination towards outdoor sports
220.127.116.11. Increase disposable income
18.104.22.168. Fitness Conscious Consumers
22.214.171.124. Counterfeit products
126.96.36.199. Trendy and fashionable sportswear
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