The outdoor sportswear market is expected to reach $17,154 million, registering a CAGR of 4.1% from 2018 to 2025
The outdoor sports apparel market has witnessed significant growth due to people’s increased interest in adventure tourism
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, March 2, 2022 /EINPresswire.com/ — The global outdoor sports apparel market has seen significant growth due to growing interest people for adventure tourism. These days, individuals like to explore different avenues to gain deeper experience and absorb new cultures around the world. They enjoy spending more time with their family due to increasingly hectic lifestyles. To acquire an important and exceptional experience, individuals are gradually opting for unique trips that include cultural visits, cruises and outdoor sports activities. This growth in consumer interest in adventure tourism and other outdoor sports activities is supporting the growth of the outdoor sports apparel market
According to a new report published by Allied Market Research, titled “Outdoor Sportswear Market by Sales Mode and End User: Global Opportunities Analysis and Industry Forecast, 2018 – 2025”, the global outdoor sportswear market outdoor sportswear was valued at $12,400 million in 2017 and is expected to reach $17,154 million by 2025, registering a CAGR of 4.1% from 2018 to 2025. Outdoor sportswear is primarily worn during training sessions or when practicing outdoor sports. These garments improve performance during sports or fitness physical activities by improving body movement compared to ordinary garments.
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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.
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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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