IMARC Group has recently released a new research study “Outdoor Sports Apparel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global outdoor sports apparel market size reached US$ 13.7 Billion in 2022. looking forward, imarc group expects the market to reach a value of US$ 22.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.30% during 2023-2028.
What is a Outdoor Sports Apparel?
Outdoor sports apparel is worn by sportspersons when performing vigorous physical exercises, sports, and outdoor activities. It is generally lightweight and loose to offer ample room for the movement of various body parts. Outdoor sports apparel includes t-shirts, jackets, pants, fleece, spandex, hoodies, pullover, tracksuits, shirts, jogging suits, tights, shorts, etc. It is comfortable, lightweight, breathable, and versatile and prevents rashes, muscle sprains, sunburn, ligament-related injuries, and the odor of sweat. In addition, outdoor sports apparel keeps muscles oxygenated, aids in maintaining heart rate, facilitates adequate blood flow, and provides individuals with comfort and agility. As a result, this clothing is extensively available across supermarkets, retail stores, brand outlets, online stores, etc., and is worn by men, women, and children.
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What Are The Key Factors Driving In The Outdoor Sports Apparel Market?
The rising awareness among individuals toward the benefits of adopting healthy lifestyles is primarily driving the outdoor sports apparel market. In addition to this, the escalating participation of the youth and geriatric population in material activities to improve physical and mental well-being is further augmenting the market growth. Besides this, the introduction of garments with additional padding to regulate blood circulation and oxygen delivery, maintain required pressure on the skin, and prevent skin allergies is also catalyzing the global market.
Moreover, the growing popularity of wellness apps installed on smartphones, laptops, and tablets and the emerging trend of fitness vlogging are acting as significant growth-inducing factors. Apart from this, the leading players are collaborating with fitness influencers to promote their brands on social media and e-commerce platforms, which is also stimulating the market growth. Furthermore, the expanding tourism industry and the increasing number of adventure enthusiasts are expected to bolster the outdoor sports apparel market in the coming years.
Who Are The Key Players/Companies In The Global Outdoor Sports Apparel Market?
Adidas AG, Columbia Sportswear Company, Cotswold Outdoor (Outdoor and Cycle Concepts Limited), L. L. Bean Inc., lululemon athletica inc., Mizuno Corporation, Mountain Warehouse Ltd., Nike Inc., Patagonia Inc., Puma SE, Under Armour Inc. and VF Corporation.
The report has been segmented the market into following categories:
Breakup by Product Type:
- Top Wear
- Bottom Wear
Breakup by Mode of Sale:
- Retail Stores
- Brand Outlets
- Discount Stores
- Online Stores
Breakup by End User:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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