The Outdoor Sports Apparel Market is being driven by Popularity of outdoor sports
The Outdoor Sports Apparel Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3350.9 million. The global outdoor sports apparel market is experiencing a significant shift with the rise of private-label brands. This trend is intensifying competition among both global and regional players. Private labels, known for their affordability, are undercutting the prices of established branded labels. Simultaneously, the quality of private-label offerings has improved, making them increasingly popular in developed markets like the US, Germany, Japan, and the UK. This market dynamic is limiting the growth potential for major brands but provides consumers with cost-effective options. As private labels continue to innovate and refine their product offerings and marketing strategies, they are poised to capture a larger market share, driving diversity and competition within the outdoor sports apparel sector.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
191 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
Market growth 2025-2029 |
USD 3350.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.4 |
Key countries |
US, Japan, UK, China, Canada, South Korea, Germany, France, Australia, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Outdoor Sports Apparel Market encompasses a wide range of products designed for various activities. These include insulation types like down and synthetic, technology such as wicking and breathable membranes, waterproof coatings, and seam sealing. Additional features include zippered vents, adjustable hoods, removable sleeves, reflective accents, compression garments, performance socks, and specialized footwear like hiking boots, trail running shoes, and climbing shoes. Other offerings include cycling jerseys, bike shorts, ski jackets, snowboard pants, rash guards, kayaking gear, stand-up paddleboarding gear, backpacking gear, camping equipment, first aid kits, navigation tools, sun protection, insect repellent, hydration systems, and gear for multi-day trips, adventure travel, outdoor recreation, leisure activities, fitness activities, extreme sports, competitive sports, urban exploration, and various trails and routes.
The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market includes key segments such as hiking apparel, camping apparel, climbing apparel, running apparel, cycling apparel, skiing apparel, snowboarding apparel, water sports apparel, and trail running apparel. The market's growth is driven by the expanding working women population, which is boosting disposable income and increasing consumer spending on these product categories. Technavio's market analysis calculates the market size based on the consolidated revenues of textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers. Excluding the shoe manufacturing sector, this market is projected to experience significant growth due to the aforementioned demographic trend.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
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