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The premium outdoor apparel industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 20%-25% of the total market. In 2023, Adidas, Puma, Columbia Sportswear, Amer Sports, and Mammut Sports Group AG led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.
Major companies operating in the premium outdoor apparel industry include:
North America premium outdoor apparel industry held 41% share in 2023, propelled by well-established outdoor culture and high consumer spending on recreational activities.
Premium outdoor apparel industry size was USD 8 billion in 2023 and will grow at 6% CAGR between 2024 and 2032, driven by increasing consumer interest in outdoor activities, rising disposable incomes, and the growing emphasis on high-performance and sustainable materials.
The top wear segment captured USD 4.5 billion in 2023, primarily due to its essential role in outdoor activities, providing protection, comfort, and versatility.
Adidas, Amer Sports, Anta Sports Products Ltd., Black Diamond Equipment, Canadian Tire Corporation, Columbia Sportswear, Equip Outdoor Technologies, Fenix Outdoor International AG, Hagl