Outdoor Apparel Market Recorded 4.52% Annual Growth Rate In 2020 | adidas AG, ASICS Corp., Columbia Sportswear Co. to become dominant players

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According to recent Technavio market research, the Outdoor clothing market share is expected to grow by USD 3.90 billion from 2019 to 2024, with an accelerated CAGR of 5%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

APAC will register the highest growth rate of 32% among other regions. China is the key outdoor apparel market in APAC. Market growth in APAC will be faster than market growth in other regions.

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Overview of Suppliers-

The Outdoor Apparel market is fragmented and the vendors are deploying various organic and inorganic growth strategies to stay competitive in the market. Some vendors are engaged in mergers and acquisitions and others are focused on launching new products.

adidas S.A. – The company offers a wide range of outerwear. Nuvic down jacket and Terrex Stockhorn hooded fleece jacket are some of the key products offered by the company.

ASICS Corp. – The company offers a wide range of outerwear. Some of the key products offered by the company include Roc Spire Jacket Men and Astral Jacket Men.

Columbia Sportswear Co. – The company offers the Saturday Trail stretch pant for women and the PHG Ascender softshell jacket for men.

G-III Apparel Group Ltd. – The company offers the Long Bay Outdoor Jacket and the Waterman Paddle Long Sleeve Hooded Paddle Jacket.

Hanesbrands Inc. – The company offers a wide range of outerwear. Some of the key products offered by the company include Champion X Wood Wood.

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Regional Market Outlook

The growth of the outdoor apparel market share in the APAC region will be significant during the forecast period. China is the key outdoor apparel market in APAC. Market growth in Asia-Pacific will be faster than market growth in other regions.

Factors such as increase in millennial population, increase in disposable income, and rising health and fitness awareness among people will drive the growth of the APAC outdoor apparel market over the period. forecast.

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Latest drivers and trends driving the market-

  • Outdoor Apparel Market Driver:
    • Product innovation leading to portfolio extensions and product premiumization
      Marketplace vendors are launching new products by innovating in terms of design, quality, and functionality. This allows them to expand their product lines for all age groups and various types of outdoor activities. The sale of these products is also on the rise with the increase in purchasing power and the growing preference of consumers for innovative, comfortable and light clothing. All these factors are creating new growth opportunities in the market.
  • Outdoor Clothing Market Trend:
    • Growing tourism industry:
      The growth of the global tourism industry and steadily increasing disposable incomes have increased consumer participation in outdoor activities such as hiking and trekking. In addition, the growth in the number of international and domestic business, leisure and sports tourists has increased the demand for inbound and outbound tourism. This is evident in countries like the United States, United Kingdom and China which are experiencing a large influx of international tourists. With the growing number of tourists, the demand for outdoor sports activities is on the rise, which positively influences the growth of the market.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

Here are some similar topics-

Global online clothing retail market – The global online apparel retail market is analyzed by product (outerwear, bottom apparel, and others), end-user (men’s apparel, women’s apparel, and children’s apparel), and geography (Europe, North America, APAC, South America, and MEA).
Download an exclusive free sample report

Global Sports Footwear Market – The global sports shoes market is analyzed by distribution channel (offline and online) and by geography (APAC, North America, Europe, South America, and MEA).
Download an exclusive free sample report

Outdoor Apparel Market Scope

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 5%

Market Growth 2020-2024

$3.90 billion

Market structure

Fragmented

Annual growth (%)

4.52

Regional analysis

APAC, Europe, MEA, North America and South America

Successful market contribution

APAC at 32%

Main consumer countries

China

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

adidas AG, ASICS Corp., Columbia Sportswear Co., G-III Apparel Group Ltd., Hanesbrands Inc., Newell Brands Inc., Outdoor Research, Patagonia Inc., Under Armor Inc. and VF Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

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