Outdoor Performance Apparel Market Overview, Size, Segmentation, Share and Forecast 2030
Outdoor Performance Apparel Market Synopsis:
The growing adoption of a sedentary lifestyle is likely to
expose humans to health conditions such as obesity, diabetes, osteoporosis, and
others. Therefore, there has been an inclination towards outdoor activities
such as cycling, running, swimming, and others, which is estimated to increase
the demand for outdoor apparel significantly. Further, e-commerce is projected
to play a vital role in surging the demand for outdoor apparel owing to the
convenience provided by online shopping platforms. Further, the increased
disposable income and rising demand for fashionable sports apparel are
anticipated to enhance the demand during the review period.
As per the analysis by Market Research Future (MRFR), the
global
Outdoor Performance Apparel Market Size is estimated to
record a CAGR of 6.9%, while garnering the market value of USD 31.4 billion by
2030.
On the contrary, manufacturers providing counterfeit
products at low costs is likely to impede the Outdoor Performance Apparel
Market growth. However, initiatives taken by governments of various countries
to promote outdoor fitness, along with the above-stated factors, are projected
to propel the market significantly in the forthcoming period.
Regional Analysis:
Based on the region, the global outdoor performance apparel
market is segmented into North America, Europe, APAC, and the Rest of the World
(RoW).
As per the analysis, the global outdoor performance apparel
market is estimated to be dominated by Europe. Germany is recognized to make
the most crucial contribution in expanding the regional market during the
review period. The increasing health consciousness among individuals is
anticipated to enhance the demand for outdoor apparel in the region. Further,
the innovation in designing the apparel is likely to propel the market
significantly in the coming period.
North America is projected to secure substantial market
share during the review period. The increasing outdoor performance owing to the
prevailing health condition of obesity, diabetes, and others are estimated to
enhance the demand for outdoor apparel in the coming period.
The APAC region is projected to be the fastest-growing
market owing to the presence of emerging economies that have various
opportunities for market expansion. Further, the growing number of trekkers,
cyclers, and hikers are likely to propel the demand for outdoor apparel in the
region. In addition, the recent inclination towards Yoga is predicted to
augment the market size in the coming period.
The MEA region is anticipated to acquire the least market
share during the forecast period. The sluggish development in the region owing
to the presence of economically backward countries is estimated to control the
market expansion during the review period. However, increasing awareness about
health and fitness is likely to expand the outdoor apparel market during the
forecast period.
Key Players:
The renowned players of the global outdoor performance
apparel market are Zensah (US), Columbia Sportswear Company (US), V. F.
Corporation (US), Páramo Ltd (UK), Voormi (US), ES Performance (US), Habit
Outdoors (US), Amer Sports (Finland), Vista Outdoor Inc (US), and Marolina
Outdoor Inc. (US).
Market Segmentation:
The segment evaluation of the global Outdoor
Performance Apparel Market Overview is done by type, fabric
type, distribution channel, and category.
The type-based segments of the global outdoor performance
apparel market are jackets & vests, compression wear, pants & trousers,
base layers, boots & shoes, and others.
The fabric type-based segments of the global outdoor
performance apparel market are knit and woven.
The distribution channel-based segments of the global
outdoor performance apparel market are Specialty Stores, Supermarkets &
Hypermarkets, and others.
The category-based segments of the outdoor performance
apparel market are Running, Hunting & Fishing, Swimming & Water Sports,
Ski & Snow, cycling, and others.
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