Global Adventure Sports Gear Market Outlook, 2028

Global Adventure Sports Gear Market Outlook, 2028

Adventure sports encompass a wide spectrum of activities, including hiking, rock climbing, camping, water sports, extreme sports, and more. Each activity demands specialized equipment designed to withstand the rigors of nature while ensuring the safety and comfort of participants. As the popularity of adventure sports continues to soar, the demand for innovative and durable gear has never been higher. Adventure sports and outdoor activities have transitioned from being niche hobbies to mainstream pursuits. This shift has led to an increase in demand for high-quality and specialized gear, which, in turn, has propelled the growth of the adventure sports gear industry. The evolution of materials, manufacturing techniques, and design processes has led to the creation of more advanced and specialized gear. High-tech fabrics, innovative closures, lightweight materials, and improved safety features have transformed the industry and allowed athletes to push their limits safely. With growing environmental concerns, there has been a significant push towards sustainable practices in the industry. Companies are incorporating eco-friendly materials, reducing waste, and implementing sustainable manufacturing processes to align with consumer expectations for environmentally responsible products. As adventure sports evolve, so does the gear required for them. For instance, the rise of new activities like mountain biking, trail running, and stand-up paddle-boarding has led to the development of specialized gear tailored to these pursuits. Nowadays, social media platforms have provided a platform for enthusiasts to share their adventures, experiences, and gear recommendations. This has influenced purchasing decisions and created a sense of online adventure sports communities. Adventure gear and related accessories are now more readily available thanks to the increasing value and popularity of outdoor sports. Adventure gear is chosen so that it is susceptible to changes in the environment. People of various backgrounds and demographics become enthusiastic about and love adventure travel. The general public considers adventure tourism to be the most sought-after outdoor activity and it is growing in popularity around the world.

According to the research report, “Global Adventure Sports Gear Market Outlook, 2028” published by Bonafide Research, the market is expected to cross USD 60 Billion market size, increasing from USD 43.60 Billion in 2022. The global market is forecasted to grow with 6.07% CAGR by 2023-28. The growing popularity of fitness regimes, brief leisure activities, and healthy lifestyles has increased the significance of outdoor sporting events, favorably impacting the demand for adventure gear. Growing in the outdoor recreation industry as a result of shifting demographics, urban migration, and a greater emphasis on healthy living is driving the growth of the market. However, quality remains an important limiting element for consumers, who encounter strong environmental circumstances and are thus looking for solutions that are adapted to these environmental circumstances. The fast-paced and hectic lifestyle of people around the world has compelled individuals to seek out new ways to de-stress and relax. The rising need to de-stress and break away from regular, mundane activities has resulted in an increasing number of people participating in outdoor sports and recreational activities. This will, in turn, bolster the growth of the adventure sports market in the coming years. The rise of adventure tourism has significantly contributed to the expansion of the adventure sports gear market. As travelers seek immersive and adrenaline-pumping experiences, the demand for specialized gear continues to grow. Whether it's exploring remote trails or diving into crystal-clear waters, adventure tourists drive the need for reliable and high-quality equipment. Given the evolving nature of adventure sports and the gear required for them, industry professionals and enthusiasts engage in continuous learning. This includes staying updated on the latest technologies, safety practices, and trends to ensure a safe and enjoyable experience.

Based on the regions, the global adventure sports gear market is segmented into five major regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa. Among them, Europe is dominating the market with more than 35% of the market share in 2022. Europe boasts diverse landscapes that cater to a wide range of adventure sports, from skiing in the Alps to hiking in the Scottish Highlands and water sports along coastal areas. The continent's natural beauty has led to an increase in outdoor recreation and a corresponding demand for specialized gear. Also, adventure tourism has become increasingly popular in Europe, with tourists seeking unique and adrenaline-filled experiences. This trend has spurred the demand for high-quality adventure sports gear, both for rental and purchase. European manufacturers have been at the forefront of innovation in adventure sports gear. They have developed advanced materials, improved safety features, and created gear that enhances performance while considering the specific requirements of various activities and climates. Urban outdoor activities such as urban hiking, cycling, and skateboarding have gained popularity in European cities. This trend has led to a demand for gear that is functional, versatile, and stylish enough to transition between urban and outdoor environments. However, the Asia-Pacific region is experiencing rapid growth in the adventure sports gear industry due to a combination of demographic shifts, increasing disposable income, changing lifestyles, and the region's vast and diverse landscapes. The Asia-Pacific region has seen a substantial increase in its middle-class population with rising disposable income levels. This has led to increased spending on leisure activities, including adventure sports, and the demand for high-quality gear to enhance those experiences.

The United States is leading the market with prominent market share in 2022. The U.S. has a long-standing and deeply ingrained outdoor culture. Activities like hiking, camping, skiing, mountain biking, and water sports are not only popular pastimes but also integral to American identity. This cultural affinity for outdoor activities drives demand for specialized gear. The U.S. offers a wide range of natural landscapes, from mountains and deserts to oceans and forests. This diversity creates opportunities for various adventure sports activities and fuels the demand for gear tailored to each environment. A strong economy and relatively high disposable income levels in the U.S. enable consumers to invest in quality adventure sports gear. Even during economic downturns, the demand for outdoor experiences and gear often remains stable. The U.S. media landscape significantly impacts trends and consumer behavior. Movies, television shows, documentaries, and social media platforms feature adventure sports prominently, inspiring individuals to participate and invest in the necessary gear. In addition to that, the U.S. is a popular destination for both domestic and international tourists seeking adventure experiences. Tourists often engage in activities like hiking, skiing, and water sports, driving the demand for rental and purchase of adventure sports gear. The U.S. hosts numerous adventure sports events, races, and competitions that draw participants and enthusiasts from around the world. These events provide exposure for gear brands and stimulate demand.

The global adventure sports gear market is categorized into several product types including clothing, footwear, backpack, tents, electronic gadgets, sleeping bags, climbing gear, navigation gear and others (sun protection gear, hydration gear, illumination gear, fire starters, repair kit and tools, etc.) Among them, footwear segment is expected to cross USD 20 Billion market size by 2028. Adventure footwear brands are constantly innovating and developing new technologies to improve the performance of their products. This includes features such as waterproof membranes, shock absorption, and traction. There is a wide variety of footwear available to suit all types of adventure sports and budgets. This makes it easy for consumers to find the perfect pair of shoes for their needs. Additionally, compared to other types of adventure sports gear, footwear is a relatively affordable investment. This makes it a more accessible option for people who are just getting started in adventure sports. Different adventure sports activities require footwear with specific design features. Whether it's hiking, rock climbing, trail running, skiing, or water sports, each activity demands footwear that provides the right grip, support, protection, and durability. Manufacturers design specialized footwear to cater to these unique requirements. Adventure footwear brands are now offering more personalized products, such as custom-fit shoes. This allows consumers to get the perfect pair of shoes for their individual needs. Also, adventure footwear is becoming increasingly sophisticated, with features like GPS tracking, weatherproofing, and impact protection. This is helping to make outdoor adventures safer and more enjoyable.

Trekking is the most popular application when it comes to adventure sports gear market. Adventure sports gear plays a crucial role in enhancing safety, comfort, and performance during trekking activities. Trekking involves traversing challenging terrains and varying weather conditions, and the right gear can make the experience more enjoyable and safer. Outdoor enthusiasts have diverse needs based on the type of trekking they undertake. This has led to the specialization and customization of gear for different activities, environments, and preferences. For example, there are now gear options specifically designed for ultra-light backpacking, high-altitude mountaineering, and long-distance trekking. The growth of global tourism, including eco-tourism and nature-based travel, has contributed to the demand for trekking gear. Many tourists seek authentic outdoor experiences, driving the need for reliable gear that allows them to explore safely and responsibly. The growth of trekking as a tourist activity in various regions has led to the establishment of better infrastructure, including trekking trails, accommodations, and equipment rental services. This, in turn, has driven the demand for trekking gear. Many modern trekking gear items are made from high-tech materials developed for the aerospace and outdoor industries. For example, Gore-Tex, a waterproof and breathable fabric, was originally designed for space suits. Some trekking gear is designed for extreme environments like the Arctic or Antarctica. These specialized gear items are engineered to withstand frigid temperatures and harsh conditions. In many popular trekking destinations, gear rental services have emerged, allowing travelers to rent equipment instead of purchasing it, reducing waste and expenses.

Furthermore, nearly half of the market share has been occupied by low price range in 2022. The low price range is often attractive to beginners, casual outdoor enthusiasts, and those looking to try out outdoor activities without a significant investment. The affordability of these products makes them accessible to a broader audience. The market for low-priced adventure sports gear has seen growth due to an increasing interest in outdoor activities, a desire for budget-friendly options, and the availability of entry-level products from various brands. On the other hand, the high price range caters to serious outdoor enthusiasts, professionals, and adventurers who demand top-tier performance, advanced technology, and premium materials. While the high price range represents a smaller portion of the market, it has shown steady growth driven by the demand for specialized and high-performance gear. Innovations in materials, design, and technology contribute to the appeal of these products. Based on the distribution channel, specialty stores segment is expected to lead the market by the end of the forecast period. These stores provide specialized expertise and knowledge, allowing customers to receive personalized recommendations and advice from experienced staff. They often offer a curated selection of high-quality gear from reputable brands. Specialty stores are popular among outdoor enthusiasts seeking expert guidance and premium products. These stores create a community-centric shopping experience, fostering a sense of belonging among like-minded customers. They excel in offering technical gear and provide valuable insights into the nuances of outdoor activities.

Increasing consumer awareness and concern for the environment have led to a demand for sustainable and eco-friendly adventure sports gear. The rise of wellness and health-conscious lifestyles has driven interest in outdoor activities like trekking, hiking, and camping. E-commerce platforms have become a major channel for purchasing adventure sports gear, offering convenience, variety, and easy price comparison. Consumers are seeking personalized and unique gear that suits their individual preferences and needs. Technical advancements have led to the creation of lightweight, durable, and high-performance gear that enhances the overall outdoor experience. In the wake of global events, health and safety have become paramount concerns for adventure travelers and outdoor enthusiasts. Social media platforms have exposed a wider audience to the thrill of adventure sports and outdoor exploration. There is a growing emphasis on inclusivity and diversity within the outdoor industry, aiming to make adventure sports accessible to individuals from all backgrounds. The sharing economy trend has extended to adventure sports gear, with more consumers opting to rent equipment for occasional use. There's a growing demand for high-performance adventure sports gear designed specifically for women.

Market Dynamics

• Sustainability and Eco-Friendly Practices: As awareness about environmental issues increases, consumers are becoming more conscious of the impact their activities have on the planet. This includes the gear they use for adventure sports. Manufacturers and brands that prioritize sustainable materials, production processes, and end-of-life disposal options are likely to attract environmentally-conscious consumers. This trend can drive innovation in the industry, leading to the development of gear that is not only high-performance but also minimizes its carbon footprint.

• Balancing Safety and Innovation: A significant challenge in the Global Adventure Sports Gear Market is striking the right balance between safety and innovation. Adventure sports often involve inherently risky activities, and the gear must provide a high level of safety to users. However, there is also a constant demand for gear that pushes the boundaries of performance and technology. Manufacturers face the challenge of innovating and introducing new features while ensuring that safety standards are not compromised. This can require extensive testing, research, and collaboration with experts to ensure that cutting-edge gear remains reliable and secure for users.

• Integration of Technology: A notable trend in the Global Adventure Sports Gear Market is the integration of technology into gear. This trend encompasses a range of technologies, including wearable devices, smart fabrics, sensors, and digital connectivity. For example, adventure sports enthusiasts are increasingly using smartwatches and fitness trackers to monitor their performance metrics, track their routes, and even receive safety alerts. Gear like helmets and goggles are being equipped with heads-up displays and augmented reality features to enhance the user experience. This integration of technology not only provides valuable insights for users but also adds a layer of convenience and safety to adventure sports activities.

Covid-19 Impacts

The global adventure sports gear market, which includes products such as hiking equipment, camping gear, outdoor apparel, and sports-specific equipment like rock climbing gear, was significantly affected by the COVID-19 pandemic due to various factors. The pandemic led to widespread travel restrictions, lockdowns, and quarantines in many parts of the world. These measures severely impacted adventure tourism and outdoor activities, leading to a decline in the demand for adventure sports gear. Many retail stores, including outdoor gear and sporting goods stores were temporarily closed to curb the spread of the virus. This affected the sale of adventure sports gear, as consumers had limited access to physical stores. Many adventure sports events, competitions, and festivals were canceled or postponed due to safety concerns. This had a ripple effect on the demand for gear related to those activities. The economic impact of the pandemic, including job losses and reduced disposable income, led to consumers cutting back on non-essential purchases, including adventure sports gear. Many manufacturers and suppliers faced disruptions in their supply chains due to lockdowns, transportation restrictions, and factory closures. This impacted the production and availability of adventure sports gear. With travel restrictions in place, some consumers turned to local outdoor activities like hiking, camping, and cycling as a way to stay active and engaged. This shift in preferences might have led to changes in the types of adventure sports gear that were in demand. While physical retail stores faced challenges, there was a noticeable increase in online shopping for adventure sports gear. E-commerce platforms became an important channel for consumers to purchase gear while adhering to social distancing guidelines.

Recent Developments

• In 2023, The North Face introduced a new line of GPS-enabled backpacks that track users' location and activity.

• In May 2022, the sportswear brand PUMA has launched its first store in the Republic of Maldives, a famous tourist destination that has seen a threefold increase in incoming visitors over the past two years. Maldives is now the twentieth market to join PUMA India's syndicate, which also includes Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.

• In 2022, Black Diamond released a line of adaptive climbing gear designed for people with disabilities.

• In September 2021, the premier sportswear manufacturer Adidas has opened its first Flagship shop in India. The Connaught Place location of 'The Home of Possibilities' shop is a blend of many digital touchpoints, a sustainability zone, and the future of the consumer retail experience.

• In 2021, REI launched its Outdoor Equity Pledge, which commits the company to making outdoor recreation more accessible to everyone.

• In 2020, Patagonia announced that it would be using only recycled materials in its products by 2025.
Companies mentioned in the report
Anta Sports Products Limited, The Columbia Sportswear Company, Garmin Ltd, Adidas AG, Mammut Sports Group AG, Decathlon S.A., VF Corporation, Dainese S.p.A, Clarus Corporation, Patagonia, Inc., Hilleberg, Helly Hansen AS, Jack Wolfskin, Johnson Outdoors Inc, Volcom, LLC., Lafuma S.A., Mountain Safety Research, Inc., Recreational Equipment, Inc, Outdoor Research and Petzl.

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Global Adventure sports gear with its value and forecast along with its segments
• Region-wise Adventure sports gear market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:

• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia, Netherlands, Austria, Sweden)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (United Arab Emirates, Saudi Arabia, South Africa)

By Product Type

• Clothing
• Footwear
• Backpack
• Tents
• Electronic Gadgets
• Sleeping Bags
• Climbing Gear
• Navigation Gear
• Others

By Application

• Trekking
• Rafting
• Hiking
• Camping
• Skiing
• Others

By Price

• Low
• Medium
• High

By Distribution Channel

• Specialty stores
• Hypermarkets/supermarkets
• Small retail stores
• Online Channel

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Adventure sports gear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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