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In 2023, dominant market players collectively held a substantial 25-30% market share. The market is highly fragmented owing to the presence of multiple manufacturers. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
Major players operating in the outdoor apparel industry include:
Outdoor apparel industry size was USD 35 billion in 2023 and is anticipated to witness over 6.6% CAGR from 2024 to 2032 due to higher interest in outdoor activities, such as hiking, camping, running, and other recreational pursuits
The topwear product type segment in the market share was valued at USD 19.6 billion in 2023 and will expand through 2032 owing to the changing weather patterns due to the growing climate changes
North America accounted 40% of the global market in 2023 on account of the presence of strong culture of outdoor activities, including hiking, camping, skiing, and water sports in the region
Some of the major outdoor apparel companies are The North Face (VF Corporation), Columbia Sportswear, Patagonia, Arc'teryx (Amer Sports), and Salomon (Amer Sports)