Outdoor Performance Apparel Market Synopsis:
As per the analysis by Market Research Future (MRFR), the global outdoor performance apparel market is estimated to record a CAGR of 6.90%, while garnering the market value of USD 33.0 billion by 2032.
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.
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.
Market Segmentation:
The segment evaluation of the global outdoor performance apparel market 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.
Key Players:
The global Key Outdoor Performance Apparel Market Players 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).
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.
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