Market Analysis
Global COVID-19 Impact on Outdoor Performance Apparel Market is predicted to reach USD 27, 879.1 million at a 4.52% CAGR between 2020 – 2025, according to the new report by Market Research Future (MRFR). Outdoor performance apparel, simply put, are specially designed clothes that offer agility and comfort to the user. It can also be worn as casual wear. Compression wear, base layers, boots and shoes, pants and trousers, jackets and vests, and others are the different types of outdoor performance apparel.
Various factors are propelling the global outdoor performance apparel market growth. As per the latest MRFR report, such factors include favorable initiatives undertaken by the government for promoting outdoor activities, rising participation in various outdoor activities like hunting, fishing, swimming, ski diving, running, and cycling, and constant innovations.
On the contrary, the growing number of private label manufacturers providing low-cost products coupled with the grave effect of the ongoing COVID-19 pandemic may hamper the global outdoor performance apparel market growth over the forecast period.
Key Players
Leading players profiled in the Global COVID-19 Impact on Outdoor Performance Apparel Market Report include Marolina Outdoor Inc. (US), Vista Outdoor Inc (US), Habit Outdoors (US), Amer Sports (Finland), ES Performance (US), Páramo Ltd (UK), Voormi (US), V. F. Corporation (US), Zensah (US), and Columbia Sportswear Company (US), among others.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global outdoor performance apparel market report based on distribution channel, category, fabric type, and type.
By type, the global outdoor performance apparel market is segmented into compression wear, base layers, boots and shoes, pants and trousers, jackets and vests, and others. Of these, the boots and shoes segment will lead the market over the forecast period, followed by the jackets and vests segment that is predicted to grow at the highest CAGR.
By fabric type, the global outdoor performance apparel market is segmented into knit and woven. Of these, the woven segment will dominate the market over the forecast period.
By category, the global outdoor performance apparel market is segmented into hunting and fishing, ski and snow, cycling, swimming and water sports, running, and others. Of these, the running segment will have a major share in the market over the forecast period, followed by the cycling segment that is predicted to grow at a high CAGR.
By distribution channel, the global outdoor performance apparel market is segmented into online, specialty stores, and supermarkets & hypermarkets. Of these, specialty stores will command the largest share in the market over the forecast period.
Regional Analysis
Based on the region, the Global COVID-19 Impact on Outdoor Performance Apparel Market report covers the recent trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, Europe will dominate the market over the forecast period. It is likely to grow at a 4.41% CAGR by 2025. The development of advanced outdoor apparel, the introduction of new products, and rising health consciousness among people of various ages are adding to the global outdoor performance apparel market growth in the region. Germany has the maximum share in the market for the increasing number of athletes in the country.
The global outdoor performance apparel market in North America is predicted to have notable growth over the forecast period. Expanding outdoor performance apparel product portfolio of leading manufacturers is adding to the global outdoor performance apparel market growth in the region.
The global outdoor performance apparel market in the APAC region is predicted to grow at a fast pace over the forecast period. China has the maximum share in the region for the presence of organized retail sectors. Besides, third-party outdoor performance apparel companies have expanded their presence in Singapore, India, and China for the burgeoning demand for such apparel in these countries, which is adding to the global outdoor performance apparel market growth in the region.
The global outdoor performance apparel market in the RoW is predicted to have sound growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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