Outdoor Performance Apparel Market Research Report Information By Product Type (Jackets & Vests, Pants & Trousers, Boots & Shoes, Base Layers, Compression Wear and Others), Fabric Type (Woven and Knit), By Material (Natural, Synthetic), By End-User (Recreational, Professional), By Price Range (Economy/Mass and Premium), BY Fabric Category (Running, Swimming & Water Sports, Cycling, Ski & Snow, Hunting & Fishing and Others), By Consumer (Men, Women, Children), By Distribution Channel (Store-based and Non-store-based), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)- Industry Forecast to 2032
The Outdoor Performance Apparel Industry is expected to expand at a compound annual growth rate (CAGR) of 5.98% from USD 20.7386 billion in 2024 to USD 33 billion by 2032. The steady increase in outdoor recreational activities and growing consciousness of health and wellness has led to a need for outdoor performance gear goods. One of the major factors driving the worldwide outdoor performance apparel market's growth is the rising popularity of outdoor activities. Furthermore, it is projected that the market for outdoor performance apparel will continue to expand due to the rising number of participants in triathlon competitions. Nonetheless, during the projected period, the growing number of private label producers in developing and underdeveloped nations is anticipated to limit the expansion of the global market.
In addition, there has been a societal movement that prioritizes experiences over material belongings. Experiences like hiking, camping, and outdoor trips are becoming more important to millennials and Generation Z than material belongings. Spending on outdoor gear and clothes, especially high-performance wear made for outdoor activities, has surged as a result of this trend.
Analysis of Market SegmentsThe market has been divided into base layers, compression clothing, pants and trousers, boots and shoes, jackets and vests, and other product categories based on the type of product.
The market is divided into woven and knit categories based on the type of cloth.
The outdoor performance gear market has been divided into two segments based on material: natural and synthetic. The market has been divided into recreational and professional segments based on the end-user.
The outdoor performance gear industry has been divided into two segments based on price range: Economic/Mass and Premium. The market has been divided into categories such as jogging, cycling, skiing and snowboarding, swimming and water sports, hunting and fishing, and others.
Men, women, and children make up the three consumer segments in the outdoor performance wear market. The market has been divided into store-based and non-store-based segments based on the distribution channel.
Regional PerspectivesThe outdoor performance apparel market in North America is predicted to grow at a compound annual growth rate (CAGR) of 5.54% in 2022, with the biggest market share of 32.69%. Outdoor performance apparel is a booming business in North America, where innovation, sustainability, and customer preferences are highly valued.
Europe's retail sales, sports culture, lifestyle, and other variables all play a part in this dynamic and fiercely competitive market. In the European market for outdoor performance wear, Germany holds a prominent position. The nation's strong emphasis on outdoor pursuits like mountaineering, cycling, and hiking fuels a steady demand for top-notch outdoor equipment.
China has been a dominant force in the outdoor performance gear business in Asia Pacific. The demand for premium outdoor clothing has been fueled by the nation's developing middle class, rising disposable incomes, and a growing interest in outdoor sports.
The outdoor performance gear industry is expanding rapidly in the Gulf Cooperation Council (GCC) nations, which include Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. The GCC countries' efforts to diversify their economies away from oil dependency and boost tourism have resulted in a growing interest in outdoor activities including hiking, camping, and sports.
Key PlayersThe major companies in the market include Under Armour Inc., AMER Sports, KMD Brands, Zensah, F. Corporation, Voormi, Páramo Ltd., Columbia Sportswear, Vista Outdoor Inc., and Marolina Outdoor Inc.