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Outdoor Apparel and Accessories Market Size

  • Report ID: GMI10084
  • Published Date: Jul 2024
  • Report Format: PDF

Outdoor Apparel and Accessories Market Size

Outdoor Apparel and Accessories Market was valued at USD 34.9 billion in 2023 and is anticipated to register a CAGR of 6.6% between 2024 and 2032. The market is evolving rapidly, fueled by the growing popularity of outdoor activities like hiking, camping, and rock climbing, the rise of eco-conscious consumers, and ongoing innovations in materials.

 

The trend toward outdoor recreation has seen significant momentum over recent years, largely fueled by a growing consumer base seeking adventure and outdoor experiences. According to the Sports & Fitness Industry Association (SFIA), the number of physically active Americans has grown for five consecutive years. This surge includes a 91.3% increase in alpine touring and a 32.8% increase in camping from 2019 to 2022 (Outdoors with Bear Grylls) (KOA). These statistics imply a robust demand for high-performance outdoor gear, directly benefiting the market for outdoor apparel and accessories.
 

Furthermore, the innovations in materials and technology significantly contribute to the growth of the outdoor apparel market. Companies are continuously developing new fabrics that enhance the performance and durability of outdoor clothing. Notable advancements include moisture-wicking, insulation, breathability, and waterproofing technologies. For instance, the introduction of PrimaLoft Bio fabric showcases the industry's focus on sustainability, offering biodegradable alternatives that break down in various environments, thus reducing long-term pollution (Live for the Outdoors). Another innovation is the development of Polyhydroxyalkanoates (PHAs), biodegradable polyester alternatives, which The North Face is testing for their potential to replace traditional polyester, significantly reducing environmental impacts.
 

A major concern for the market is the rise of niche outdoor activities, as identified by the Outdoor Industry Association's (OIA) 2024 report. Conventionally, brands focused on core gear for established activities such as hiking, camping, and skiing. Now, with the surge in popularity of specialized activities, such as stand-up paddleboarding and gravel cycling, brands need to expand their product range to cater to these specialized needs. This requires significant investments in R&D to create functional and stylish apparel specific to each activity.
 

Additionally, production costs might increase due to lower economies of scale for niche gear compared to well-established outdoor apparel categories. Manufacturers need to cater to this growing segment of adventurous consumers while maintaining profitability and affordability across their entire product range. Furthermore, the fast fashion trends have also influenced the customers, leading to unpredictable customer demands. Manufacturers can tackle this situation by incorporating sustainable materials to make clothes, and leverage data analytics to go beyond traditional forecasting methods. They can utilize historical sales data alongside social media trends, influencer marketing campaigns, and real-time consumer sentiment analysis to predict upcoming trends and adjust production accordingly.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The outdoor apparel and accessories market was valued at USD 34.9 billion in 2023 and is anticipated to register 6.6% CAGR between 2024 and 2032, fueled by the growing popularity of outdoor activities like hiking, camping, and rock climbing.

The top wear segment of the outdoor apparel and accessories market generated a revenue USD 19.6 billion in 2023 and is expected to reach more than USD 35.4 billion by 2032, owing to its versatility.

North America outdoor apparel and accessories industry generated USD 14.1 billion in 2023 and is expected to reach USD 25.4 billion by 2032, driven by the well-established network of outdoor specialty stores and online retailers.

Columbia Sportswear Company, Eddie Bauer LLC, Helly Hansen AS, Marmot Mountain, LLC, Merrell Inc, Mountain Hardwear, Inc, Osprey Packs, Inc, Outdoor Research, LLC, Patagonia, Inc, Prana Living, LLC, REI Co-op, and Salomon S.A. among others.

Outdoor Apparel and Accessories Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 49
  • Countries covered: 22
  • Pages: 135
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