Outdoor Apparel Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
- Published: Jul 2022
- Pages: 120
- SKU: IRTNTR40137
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The outdoor apparel market share is expected to increase to USD 4.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.3%.
This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market report also offers information on several market vendors, including adidas AG, Aigle International SA, Amer Sports Corp., ANTA Sports Products Ltd., ASICS Corp., Boardriders Inc., BYN BlackYak and Arendicom GmbH, Callaway Golf Co., Canadian Tire Corp. Ltd., Columbia Sportswear Co., Fenix Outdoor International AG, G-III Apparel Group Ltd., Hanesbrands Inc., Newell Brands Inc., Nikwax Ltd., Norrona Sport AS, Outdoor Research, Patagonia Inc., Under Armour Inc., and VF Corp. among others.
What will the Outdoor Apparel Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics
Outdoor Apparel Market: Key Drivers, Trends, and Challenges
The product innovation leading to portfolio extensions and product premiumization is notably driving the market growth, although factors such as the growing global proportion of the geriatric population may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the outdoor apparel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
- One of the key factors driving the global market growth is product innovation leading to portfolio extensions and product premiumization.
- The use of new technologies and product innovations have allowed manufacturers to come up with outdoor apparel that is innovative in terms of design, quality, and features.
- Vendors in the global market are extending their product lines to include apparel for all age groups and different types of outdoor activities.
- The increase in purchasing power, coupled with the rising preference for innovative, comfortable, and lightweight outdoor apparel, is increasing the sales of such products.
- Product premiumization is increasing the sales of outdoor apparel. In addition, premiumization enables manufacturers to improve customer engagement with their brands and products, which will further drive market growth.
Key Market Trend
- The growing tourism industry is one of the key market trends that is expected to impact the industry positively in the forecast period.
- The steady rise in personal disposable incomes, coupled with the growth of the tourism industry, has increased participation in outdoor activities, such as hiking and trekking, and, consequently, raised the demand for outdoor apparel.
- In 2017, inbound and outbound tourism grew at a rapid pace, which increased participation in outdoor sports activities.
- The growth in the number of international and domestic business, leisure, and sports tourists drove the growth of inbound and outbound tourism.
- Countries such as the US, the UK, and China experience a large influx of international visitors, which increases the revenue generated from international tourists.
- The growth in the number of international tourist arrivals and rising expenditure by tourists will increase the demand for outdoor sports activities, which will support the market growth in the coming years.
Key Market Challenge
- One of the key challenges to the global market growth is the growing global proportion of the geriatric population.
- The geriatric population is prone to health issues, such as arthritis, diabetes, and heart-related diseases.
- The health issues prevent the participation of the geriatric population in outdoor recreational activities, such as climbing, hiking, and trekking.
- The steady growth of the geriatric population increases the demand for indoor fitness activities, such as yoga and aerobics, and thus reduces the demand for outdoor apparel.
- The growing geriatric population may hamper the concerned market growth in the forecast years.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global outdoor apparel market as a part of the global apparel, accessories, and luxury goods market, within the textiles, apparel, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Outdoor Apparel Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- adidas AG
- Aigle International SA
- Amer Sports Corp.
- ANTA Sports Products Ltd.
- ASICS Corp.
- Boardriders Inc.
- BYN BlackYak and Arendicom GmbH
- Callaway Golf Co.
- Canadian Tire Corp. Ltd.
- Columbia Sportswear Co.
- Fenix Outdoor International AG
- G-III Apparel Group Ltd.
- Hanesbrands Inc.
- Newell Brands Inc.
- Nikwax Ltd.
- Norrona Sport AS
- Outdoor Research
- Patagonia Inc.
- Under Armour Inc.
- VF Corp.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- adidas AG-Some of the products offered by the company includes the Nuvic Down Jacket and the Terrex Stockhorn Hooded Fleece Jacket.
- G-III Apparel Group Ltd. -Some of the products offered by the company include the Long Bay Outdoor Jacket and the Waterman Paddle Long Sleeve Hooded Paddle Jacket.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Outdoor Apparel Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Outdoor Apparel Market?
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33% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for outdoor apparel in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising millennial population, increasing disposable income, and growing awareness about health and fitness among people will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic negatively impacted APAC countries such as India, China, Australia, Malaysia, and Japan, in 2020. The pandemic led to the imposition of lockdowns during the first few months of 2020. However, the initiation of vaccination drives by the governments of several countries including India, Japan, China, and Indonesia in the APAC, the growing trend of outdoor apparel for various sporting events, and the increase in disposable incomes of individuals are the major factors expected to drive the growth of the market in APAC.
What are the Revenue-generating Distribution Channel Segments in the Outdoor Apparel Market?
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The market share growth by the offline segment will be significant during the forecast period. Consumers also prefer buying outdoor apparel from department stores because of the availability of a wide range of products and the presence of required support and information through expert customer service personnel. The adoption of new business and retail strategies, such as pricing and wide assortments by retailers, and business expansion will further boost the growth of the market in this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Outdoor Apparel Market Scope |
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|
Report Coverage |
Details |
|
Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
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Market growth 2022-2026 |
$ 4.40 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.9 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key consumer countries |
US, China, Germany, France, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
adidas AG, Aigle International SA, Amer Sports Corp., ANTA Sports Products Ltd., ASICS Corp., Boardriders Inc., BYN BlackYak and Arendicom GmbH, Callaway Golf Co., Canadian Tire Corp. Ltd., Columbia Sportswear Co., Fenix Outdoor International AG, G-III Apparel Group Ltd., Hanesbrands Inc., Newell Brands Inc., Nikwax Ltd., Norrona Sport AS, Outdoor Research, Patagonia Inc., Under Armour Inc., and VF Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Outdoor Apparel Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the outdoor apparel industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Offline - Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.4 Online - Market size and forecast 2021-2026
- Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 adidas AG
- Exhibit 89: adidas AG - Overview
- Exhibit 90: adidas AG - Business segments
- Exhibit 91: adidas AG - Key news
- Exhibit 92: adidas AG - Key offerings
- Exhibit 93: adidas AG - Segment focus
- 10.4 ASICS Corp.
- Exhibit 94: ASICS Corp. - Overview
- Exhibit 95: ASICS Corp. - Business segments
- Exhibit 96: ASICS Corp. - Key news
- Exhibit 97: ASICS Corp. - Key offerings
- Exhibit 98: ASICS Corp. - Segment focus
- 10.5 Columbia Sportswear Co.
- Exhibit 99: Columbia Sportswear Co. - Overview
- Exhibit 100: Columbia Sportswear Co. - Business segments
- Exhibit 101: Columbia Sportswear Co. - Key news
- Exhibit 102: Columbia Sportswear Co. - Key offerings
- Exhibit 103: Columbia Sportswear Co. - Segment focus
- 10.6 G-III Apparel Group Ltd.
- Exhibit 104: G-III Apparel Group Ltd. - Overview
- Exhibit 105: G-III Apparel Group Ltd. - Product / Service
- Exhibit 106: G-III Apparel Group Ltd. - Key offerings
- 10.7 Hanesbrands Inc.
- Exhibit 107: Hanesbrands Inc. - Overview
- Exhibit 108: Hanesbrands Inc. - Business segments
- Exhibit 109: Hanesbrands Inc. - Key offerings
- Exhibit 110: Hanesbrands Inc. - Segment focus
- 10.8 Newell Brands Inc.
- Exhibit 111: Newell Brands Inc. - Overview
- Exhibit 112: Newell Brands Inc. - Business segments
- Exhibit 113: Newell Brands Inc. - Key news
- Exhibit 114: Newell Brands Inc. - Key offerings
- Exhibit 115: Newell Brands Inc. - Segment focus
- 10.9 Outdoor Research
- Exhibit 116: Outdoor Research - Overview
- Exhibit 117: Outdoor Research - Product / Service
- Exhibit 118: Outdoor Research - Key offerings
- 10.10 Patagonia Inc.
- Exhibit 119: Patagonia Inc. - Overview
- Exhibit 120: Patagonia Inc. - Product / Service
- Exhibit 121: Patagonia Inc. - Key offerings
- 10.11 Under Armour Inc.
- Exhibit 122: Under Armour Inc. - Overview
- Exhibit 123: Under Armour Inc. - Business segments
- Exhibit 124: Under Armour Inc. - Key offerings
- Exhibit 125: Under Armour Inc. - Segment focus
- 10.12 VF Corp.
- Exhibit 126: VF Corp. - Overview
- Exhibit 127: VF Corp. - Business segments
- Exhibit 128: VF Corp. - Key news
- Exhibit 129: VF Corp. - Key offerings
- Exhibit 130: VF Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 131: Inclusions checklist
- Exhibit 132: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 133: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 134: Research methodology
- Exhibit 135: Validation techniques employed for market sizing
- Exhibit 136: Information sources
- 11.5 List of abbreviations
- Exhibit 137: List of abbreviations
- raw material prices: In recent times, key manufacturers have been experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. For instance, the prices of synthetic fibers, such as Spandex (also known as Lycra or elastane in different regions), keep fluctuating. Besides, the unavailability of high-quality polyester fibers is increasing their prices. Subsequently, such volatility results in the high prices of apparel made using these raw materials. The continuous change in the profit margins of market competitors due to the volatility of raw material prices acts as a major challenge for the growth of the global apparel, accessories, and luxury goods market. The lag between cost fluctuations and the ability of market competitors to increase product prices can negatively impact the profit margins of vendors. The fluctuations in the prices of raw materials make manufacturers unable to anticipate their investments or control costs. Moreover, cost-driven end-users prefer reasonably priced apparel rather than investing heavily in global brands, which reduces the sales potential and revenue of competitors.
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Germany
- France
- UK
- Product innovation leading to portfolio extensions and product premiumization
- Emergence of automation in textile industry
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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