Outdoor Apparel market is estimated to reach USD 16.53 billion by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, outdoor apparel market size is estimated to be USD 11.56 billion in 2022 which is projected to reach USD 16.53 billion by 2029 growing at a CAGR of 5.2%
Outdoor apparel also known as outdoor clothing is referred to clothing, is intended to enhance the performance of outdoors sports and activities. The outdoor sports and activities include hiking, sailing, kayaking, fishing, rock climbing, hunting, cycling, surfing, and running among others.

Market Dynamics:
• The desire of folks to reconnect with Nature
- In the current situation (especially after COVID-19), people go through several hectic and busy schedules making them stressed and tired. Thus, several people are observed developing new hobbies such as fishing, hiking, camping, etc. to get rid of city life and reconnect with nature. The data from UK Environment Agency has stated that the average person plans to spend 14 hours outdoors during a typical week over the summer. The data also reveals since the pandemic, the growing appeal of fishing among UK women was reported. 40% of women have stated that fishing gives them the opportunity to reconnect with nature while 38% of women are involved in fishing activities for relaxation, meditation, or mindfulness. With the increasing interest in outdoor activities, the desire for purchasing outdoor apparel also increases simultaneously.

• Increasing focus on manufacturing of stylish, trendy, and sustainable outdoor apparel products.
- With the increasing concern for the environment among the population, people often support and have the desire to purchase products that are more sustainable and environmentally friendly. Further, increasing craze and sense of fashion among people especially among millennials and Gen Z is been reported. Thus, companies strive to collaborate with fashion designers to develop and incorporate the latest fashion trend in their products portfolio to the magnetized flow of the population.

Read Full Report with Table of Contents :
@-https://www.cognitivemarketresearch.com/outdoor-apparel-market-report

Regional Analysis of the Outdoor Apparel Market:
• North America has the highest market share in the outdoor apparel market
- Based on region, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle east, and Africa. North America is anticipated to show the highest market share followed by Europe. A significant number of the active population, high purchasing power, and dynamically changing fashion, and apparel trends are among the prime factors contributing to the growth of the market. The data from Outdoor Industry Association states that 53% of Americans ages 6 and over participated in outdoor recreation at least once in 2020, which was the highest participation rate on record.
The U.S. is considered to have the largest market for outdoor apparel market, however, Asian countries including Japan, India, China, etc. are expected to show potential market growth at a CAGR of 4.13%.

Top players involved in the Outdoor Apparel market:
- The report comprises of detailed analysis of major market players dealing in the outdoor apparel market such as
• Arc'teryx
• North Face
• Patagonia
• Marmot
• Cotopaxi
• REI Co-op
• Houdini
• Give'r
• Hanesbrands Inc.
• Columbia Sportswear
• Columbia Sportswear Company
• KÜHL
• Black Diamond Equipment
• Norrøna Sport AS
• Outdoor Research etc.

Current Trends of Manufacturers:
• September 2022
- Patagonia has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective
Patagonia, founded by Yvon Chouinard has announced new ownership of the business to two new entities: Patagonia Purpose Trust and the Holdfast Collective. The company has decided to distribute revenue (that is not reinvested back into Patagonia) as dividends to protect the planet.

• July 2022
- Arc'teryx Opens First Canadian ReBIRD™ Service Center in New Toronto Retail Location
Arc'teryx has opened its first hybrid retail store Canadian ReBIRD™ Service Center in its latest Toronto space. These Centers provide services including in-store care, repair, and after-sales product support

Segment Analysis:
- The Outdoor apparel market is segmented on the basis of product type, price, end user, distribution channel, and region.

• Men contribute more to the growth of the Outdoor apparel market
- Based on end users, the market is segmented as men, women, and kids of which men possess the highest market share. Men tend to be more active when it comes to physical and outdoor activities compared to women. Thus, significant women customers remained untapped. However, the increasing interest of women in outdoor activities is been observed in recent years. Due to this, manufacturers are shifting their focus to women's outdoor apparel brands which are expected to create lucrative opportunities for the women's outdoor apparel market segment.

• Polyester is the choicest fabric among others for Outdoor apparel
- Based on fabrics, the market is segmented as polyester, nylon, cotton, leather, and others. Polyester is among the most used fabric for outdoors activity apparel as it is lightweight, flexible, resistant to stretching, mold/mildew, and rots, and abrasion. Further, polyester also possesses resistance to water and UV/sun and has exceptional wear properties.

• An online distribution channel is expected to grow with a higher CAGR
- Based on distribution channels, the market is fragmented into online distribution channels and offline distribution channels. The offline distribution channel holds the highest market share. However, the emerging online platforms and increasing focus of the business on creating and expanding online distribution channels are expected to accelerate the growth of online distribution channels in the coming years.

Related Report:
• Sports Equipment Market - https://www.cognitivemarketresearch.com/sports-equipment-market-report
• Fishing Clothing Market - https://www.cognitivemarketresearch.com/fishing-clothing-market-report
• Camping Equipment Market - https://www.cognitivemarketresearch.com/camping-equipment-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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