ID: MRFR/CR/7958-CR | 100 Pages | Published By Snehal Singh on February 2021
Outdoor Performance Apparel Market is projected to register a CAGR of 6.9% and reach USD 31.4 Billion by 2030
2022 - 2030
Outdoor Performance Apparel Market is projected to register a CAGR of 6.9% and reach USD 31.4 Billion by 2030. Outdoor performance apparel is specifically designed clothing that is designed to offer agility and comfort to its customers. These outdoor performance apparel can be worn as casual wear in daily life.
The outdoor performance jackets have heavy demand across the world as it offers comforts. It is specifically made to maintain optimum body temperature and manage moisture. These jacket types also vary based on the function and material type in terms of outdoor activity. Usually, motorcycle jackets are designed to offer dual protection to the riders. In general, motorcycle jackets are developed to protect the user's body from rain, heat, and cold. Depending on the type of activity, the function of a vest also differs. While cycling and running, the bicycle runners and riders wear a fluorescent safety vest to ensure safety and high visibility at dark locations or nighttime. These kinds of vests are best for outdoor sports like walking, running, and cycling. The vest is also preferred when fishing, which is designed with specific design functions like lightweight material, adjustable suspension system, and padded air mesh shoulder straps.
The outdoor activities are also called outdoor recreational activities, which represent the activities performed in the natural surroundings. The global Outdoor Performance Apparel Market has the major growth driving factor: growing participation in outdoor activities like running, cycling, swimming, ski diving, hunting, and fishing. In addition, the global market is thriving its market growth due to the growing number of tri-athletes.
COVID-19 Impact Analysis
The Outdoor Performance Apparel Market Outlook report explains that the market growth has been decelerated due to the emergence of an unprecedented COVID-19 pandemic. At this period, the global market has experienced a loss of investments. The supply chain and the value chain have been impacted due to the lookdown of various countries.
As per the Outdoor Performance Apparel Market Outlook report, the present situation of the global market shows that it is slowly gaining traction due to uplifting lockdowns in various parts of the globe. Hence, the market players are also showing active participation to enhance the Global Market growth.
The global Outdoor Performance Apparel Market is predicted to grow on a large scale due to several factors such as the growing trend of adventure sports, the increasing young population, and higher per capita household income of various developing countries.
As per the Outdoor Industry Association report, nearly 146.1 million population of the U.S. have participated at least once in outdoor activities in the year 2020. At this time, nearly 49.0% population who belong to the six and more age group have participated in U.S. outdoor activities. In the year 2020, the participation in outdoor activities was 48.8%, which was increased to 49.0% in the year 2020. These kinds of participation growth are projected to fuel the Outdoor Performance Apparel Market Size in the review timeframe.
In the present scenario, the Outdoor Performance Apparel Market is emerging as a significant market opportunity for the market players or vendors who are operating in both developing and developed economies because of the innovative marketing strategies and the influence of social media and different initiatives adopted by the government to encourage the outdoor activities.
Moreover, the Market Growth is bringing lucrative opportunities for the current market due to the increasing demands for sports apparel among the population.
The Outdoor Performance Apparel Market Growth might be affected due to the rising number of private label manufacturers worldwide.
In addition, the Market might experience restraint to its growth because of the high cost of the Outdoor Performance Apparel.
Challenges for the global market
The present Outdoor Performance Apparel Market growth might experience challenges due to the growing private label manufacturers. The local manufacturers are focusing on the planned inventories of retailers, and the market needs to provide their best outdoor performance apparel. Also, these manufacturers emphasize the lower cost of the product, which is the biggest challenge for the market payers.
Moreover, the ongoing corona virus outbreak has negatively impacted the Market Size due to the disruptions in the sales and supply chains.
Cumulative growth analysis
The global Market is projected to hold significant market growth in the review period.
The growth of the Outdoor Performance Apparel Market Trends depends on the contributions of the market giants who are playing a major role in their respective regions.
Market Segment Overview
The Outdoor Performance Apparel Market is classified based on category, fabric types, and distribution channels.
Based on type segment, the global Outdoor Performance Apparel Market has been classified into boots & shoes, pants & trousers, compression wear, jackets & vests, base layers, etc.
Out of all, the boots & shoe segment is projected to lead the global market by generating a market value of USD 9,016.7 million during the forecast period.
By Fabric Type:
The global Market has been categorized into Knit and Woven based on the fabric type segment.
These fabrics have high demands based on seasonal preferences, fueling the higher Outdoor Performance Apparel Market Share in the forecast period.
In terms of category segment, the global Market has been classified into Swimming & Water Sports, Running, Ski & Snow, Cycling, Hunting & Fishing, and others.
The government initiative to promote outdoor sports activities boosts the demand for these category segments and is projected to grow the Outdoor Performance Apparel Market Share in the assessment timeframe.
By Distribution Channel:
Based on the distribution channel segment, the global Market has been segregated into Specialty Stores, Supermarkets & Hypermarkets, and online.
In the present scenario, the online channels are growing vastly due to the covid-19 pandemic worldwide and are fueling the Outdoor Performance Apparel Market Revenue during the assessment period.
As per the Outdoor Performance Apparel Market Analysis, the global market has been classified into North America, Latin America, Europe, Asia Pacific, and other countries.
The European region is projected to account for the dominant place in the global Market during the research timeframe. In 2021, this regional market generated 41.47% of the market share. In the European region, a country like Germany is contributing majorly to enhance the growth of the Market. Hence, the regional market is registered to generate a significant 4.41%CAGR in the research period due to the growing participation in outdoor sports activities and the growing health consciousness among different age groups. Moreover, the European regional market is growing in the forecast timeframe due to the development of advanced outdoor apparel and new products in the regions. In addition, the Outdoor Performance Apparel Market Analysis explains that the North American regional market is creating a prominent share in the review timeframe due to the key manufacturers' collective efforts to expand the product of outdoor performance apparel.
Competitive Landscape Analysis
In the Outdoor Performance Apparel Market, the prominent key players compete to enhance their market presence across the region. These prominent key players are:
In the global Market Trends, the prominent key players are operating, focusing on launching innovative products and strengthening their regional footprints by expanding the business.
In December 2021, Teijin Frontier Co., Ltd., has declared the launch of a tear-resistant, lightweight, and flat-surfaced fabric, which is also abrasion-resistant, soft, and eco-friendly, making it best for sportswear.
The Global Market Forecast report covers the market dynamics, market segments, market overview, covid-19 analysis, recent developments, competitive landscape analysis, and regional analysis.
A brief analysis of the market performance has been conducted to understand the market value and revenue of the global market in the Outdoor Performance Apparel Industry Forecast period.
By Fabric Type:
By Distribution Channel:
|Market Size||USD 31.4 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Fabric Type, Category, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Columbia Sportswear Company (US), Zensah (US), V. F. Corporation (US), Voormi (US), Páramo Ltd (UK), ES Performance (US), Amer Sports (Finland), Habit Outdoors (US), Vista Outdoor Inc (US), and Marolina Outdoor Inc. (US).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||The Increasing Number of Private Label Manufacturers is Hampering|
Outdoor performance apparel market can expand at 6.90% CAGR by 2030.
By 2030, the Outdoor performance apparel market value can reach USD 31.4 Billion.
Páramo Ltd (UK), Voormi (US), and ES Performance (US) are some reputed names in the Outdoor performance apparel market.
The rise in demand for comfortable clothing can promote the Outdoor performance apparel market.
The lack of outdoor activities can limit the Outdoor performance apparel market expansion.