The global outdoor gear market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising demand for athleisure wear and the growing participation of people in a wide range of sports. In addition, with the rising focus on health, people from across the world have started concentrating on outdoor activities to stay fit coupled with the growing inclination of people towards various fitness activities leads to their involvement in a wide range of personal training activities are some factors that propel the growth of the global outdoor gear market during the forecast period. Additionally, increasing recreational expenditure, and the physical and mental benefits of outdoor activities inspire consumers to engage in outdoor activities which further led to the growth of the global outdoor gear market during the forecast period.
Some major players in the market include Nike Inc., Adidas AG, and Under Armour, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2021, The Neighbourhood Company announced that the company is offering a translucent foldable storage container that arrives with a contrasting black cover and minimalist insignias which are wheeled around by the accompanying black flat cart. Along with this, the company is also offering a waterproof PVC groundsheet that can be utilized for many outdoor activities such as picnics to full-scale camping. Further, in 2020, Vango a part of AMG Group has collaborated with The National Trust for eco-friendly camping and launched a range of eco-friendly tents and sleeping bags made out of recycled plastic. Along with this, the company also unveiled a new range of sleeping bags using radiate technology in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Application
- By End Use
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Nike Inc., Adidas AG, and Under Armour, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Outdoor Gear Market is available at: https://orionmarketreports.com/global-outdoor-gear-market/107718/
Global Outdoor Gear Market Report by Segment
By Product
- Apparel (Clothing and Footwear)
- Non-Apparel (Equipment and Accessories)
By Application
- Sports
- Camping
- Hiking
- Trekking
- Others
By End Use
- Men
- Women
- Children
By Distribution Channel
- Online
- Offline (Supermarkets, Hypermarkets, Specialty Stores, Departmental Stores, and Others)
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