Industry Background:
Many outdoor companies have consciously set out to be more stylish in recent years, with their garments increasingly being worn on a regular basis rather than only for sports activities. Outdoor is more of a lifestyle product for many customers than a technical tool for outdoor hobbies. There has also been a significant increase in the number of individuals who wish to improve their health and fitness, resulting in a convergence of the outdoor equipment and sports sectors. People who participate in sports tend to be big purchasers of outdoor gear and clothes.This growth is primarily driven by Growing Prevalence of Digital-Enabled Fitness Communities and Rising Participation in Sports Activities.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Lafuma (Italy), Adidas (Germany), Columbia Sportswear (United States), Puma (Germany), Johnson Outdoors (United States), VF Corporation (United States), Deckers Outdoor Corp. (United States), Jarden (United States), Scott Sports (Switzerland) and Finex Outdoor (Switzerland) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Rapid Development of Compression Technology
. Major Vendors, such as Lafuma (Italy), Adidas (Germany), Columbia Sportswear (United States), Puma (Germany), Johnson Outdoors (United States), VF Corporation (United States), Deckers Outdoor Corp. (United States), Jarden (United States), Scott Sports (Switzerland) and Finex Outdoor (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021 Fenix Outdoor released a statement announcing the acquisition of Trekitt. Trekitt has a wide inventory of specialized apparel and equipment from the world's top outdoor companies, as well as award-winning customer service. Trekitt is more than a store; it is an adventure service, and the Trekitt staff understands that in order to get the most out of passion, users need the greatest equipment available. The acquisition will have a minor effect on Fenix Outdoor International's overall financial key figures.
Market Drivers
- Growing Prevalence of Digital-Enabled Fitness Communities
- Rising Participation in Sports Activities
Market Trend
- Rapid Development of Compression Technology
- The Rise in Demand for Sustainable Apparel and Equipment
Restraints
- Covid19 had a Huge Impact on Outdoor Apparel & Equipment
Opportunities
Increase in Demand for Anti-Bacterial and Anti-Odor Outdoor Apparel and Growing Awareness of Health and Fitness
Challenges
Outdoor Equipment is Very Expensive and Companies Need to Keep Up with the Ever-Changing Consumer Behaviour
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Outdoor Apparel & Equipment Study Sheds Light on
The Outdoor Apparel & Equipment Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Outdoor Apparel & Equipment industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Outdoor Apparel & Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.