According to a report released by 360 Research Report, the global outdoor gear market was worth $44900 million in 2018 but is expected to reach $72100 million by the end of 2025, registering a CAGR of — during the forecast period 2019-2025.
Nature lovers are
The global outdoor gear market includes:
The global outdoor apparel market alone is experiencing a market surge across various regions.
According to a recent report, the market is anticipated to reach $19,639 Mn by 2026, registering a CAGR of 5.6% during the forecast period 2018 to 2026.
Products that make up the outdoor apparel market include clothing and footwear designed for outdoor activities and sports, such as:
In addition, more women are buying outdoor clothing in North America than men, due to an increase in participation of women in outdoor activities. However, the opposite is happening in the Asia-Pacific region as more men are buying outdoor clothing than women.
The outdoors market is expected to do well over the coming years for a variety of reasons. To start, there has been a general increase in health awareness across the globe. More and more individuals are incorporating outdoor activities into their daily lives in hopes of leading a healthier lifestyle.
Furthermore, a growing participation of people in a variety of sports has also influenced the global outdoors market. Because sports activities are increasing, there is a growing demand for gear and equipment in outdoor settings.
Other factors influencing the market include:
Millennial Population – According to a recent report from the Outdoor Foundation, participation in outdoor activities increased with the millennial age group showing the largest increase.