Outdoor Gear Market
The term ‘outdoor
gear” primarily comprises apparels such as clothing and footwear and also
includes non-apparels such as tents, backpacks, sleeping bags, and other
equipment. With the rising focus on health, people from across the world have
started concentrating on outdoor activities so as to stay fit. Hence, the
demand for outdoor gears
has been rising significantly across the globe. The global outdoor gear market
is being driven by the rising demand for athleisure wear and growing
participation of people in a wide range of sports. Major players in the market
are constantly looking for innovative technologies that deliver better
performance. The market is expected to expand at a rapid pace during the
forecast period, due to growing participation in sports and other outdoor
activities.
Over the last two
decades, there has been a significant rise in the rate of participation of
people in sports and other fitness and outdoor activities. With rise in the
number of sports events, the demand for outdoor gears is likely to increase in
the near future. This is likely to boost the production of outdoor gear in the
next few years. Moreover, growing inclination of people toward various fitness
activities leads to their involvement in a wide range of personal training
activities. One of the most accepted technologies incorporated into training
clothes, shoes, and socks is the compression technology.
Major
Key Players of the Outdoor Gear Market are:
Nike Inc., Adidas, Under Armour, Kering (Puma),
Under Armour, ASICS Corporation, Fitbit, Garmin, Skechers USA, Apollo Sports
USA, Columbia Sportswear Company, VF Corporation, Beuchat International,
British Knights, Billabong, Body Glove, Dive Rite, Berkshire Hathaway, Johnson
Outdoors, Mares, and Sherwood Scuba, NEWTON RUNNING, Amer Sports, The Rockport
Group, and Wolverine World Wide.
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Moreover, rise in the
disposable income, changing lifestyle, and increasing urbanization in
developing countries have led to increased demand for outdoor gears. Emerging
middle class in developing countries is comfort seeking. This factor is likely
to fuel the outdoor gear market, particularly in China, India, and Sub-Saharan
Africa.
The global outdoor
gear market can be segmented based on product, application, end-use,
distribution channel, and geography. In terms of product, the outdoor gear
market can be classified into apparel and non-apparel. The apparels segment can
be sub-segmented into clothing and footwear. The non-apparels segment can be sub-divided
into equipment and accessories. The apparels segment is expected to dominate
the global outdoor gear market, both in terms of value and volume, during the
forecast period. Based on application, the outdoor gear market can be
segregated into sports, camping, hiking & trekking, and others. In terms of
end-use, the outdoor gear market can be classified into men, women, and
children.
This study by TMR is
all-encompassing framework of the dynamics of the market. It mainly comprises
critical assessment of consumers' or customers' journeys, current and emerging
avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all
the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following regional
segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant
framework in the report sums up our wide spectrum of data-driven research and
advisory for CXOs to help them make better decisions for their businesses and
stay as leaders.
Research
objectives:-
– To study and analyze the global Outdoor
Gear consumption (value & volume) by key regions/countries, product type
and application, history data.
– To understand the structure of the Outdoor Gear market by identifying its
various sub-segments.
– Focuses on the key global Outdoor Gear manufacturers, to define, describe and
analyze the sales volume, value, market share, market competitive landscape,
SWOT analysis, and development plans in the next few years.
– To analyze the Outdoor Gear with respect to individual growth trends, future
prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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In the end, Outdoor Gear industry report
specifics the major regions, market scenarios with the product price, volume,
supply, revenue, production, and market growth rate, demand, forecast and so
on. This report also presents SWOT analysis, investment feasibility analysis,
and investment return analysis.
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