Outdoor Sports Apparel Market Worth $ 17,154 Million by 2025
Posted by Swati Tamhankar on June 24th, 2019
Outdoor Sports Apparel Market was valued at $ 12,400 million in 2017 and is projected to reach $ 17,154 million by 2025, registering a CAGR of 4.1% from 2018 to 2025. Outdoor sports apparel is mainly worn during workout sessions or while playing outdoor sports. These clothes enhance the performance during sports or fitness physical activities by improving the body movement as compared to regular clothes. They are specially designed to provide comfort during exercise or sports also sometimes these can be worn as casual fashion clothing. Increase in disposable income and rise in fitness consciousness customers are the factors that fuel the global outdoor sports apparel market growth. These factors have increased the consumer participation in number of outdoor activities such as hiking, camping, mountaineering, cycling, canoeing, caving, kayaking, rafting, rock climbing, running, sailing, skiing, sky diving, surfing, and others. In addition, upsurge in participation of the youth and old population in adventurous physical activities propel the demand for the sports-related products, thereby driving the growth of the outdoor sports apparel market.
However, shift in trend toward sportswear and availability of low quality and counterfeit products restrict the growth of the outdoor sports apparel market size. On contrary, the rise in demand for trendy and fashionable sports apparel leads to the launch of new products to cater to the demand for the customers. The increase in demand for trendy fitness apparel by the middle-aged individuals segment has increased in the past few years, which is anticipated to provide growth opportunities for the outdoor sports apparel market.
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Key Findings of the Outdoor Sports Apparel Market:
North America and Europe jointly accounted for about 60.9% share of the global outdoor sports apparel market in 2017, with the former constituting around 32.1% share. From outdoor sports apparel market growth perspective, Asia-Pacific and LAMEA are the two potential markets expected to grow at significant CAGRs of 6.1% and 4.6%, respectively, during the forecast period.
Some of the key players analyzed in the outdoor sports apparel industry are The North Face, Patagonia Inc., Columbia Sportswear Company, Kathmandu Limited, Woolrich Inc., Nevisport Ltd., Cotswold Outdoor Ltd., Mountain Warehouse Ltd., Under Armour, Inc., and Snowgum.
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About the AuthorSwati Tamhankar
Joined: April 3rd, 2019
Articles Posted: 167
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