Outdoor Gear Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Apparel, Footwear, Backpacks, Tents and Sleeping Bags, Climbing Equipment, and Accessories), By Application (Game and Sport Activity), and Regional Forecast To 2031

Updated On: 22 April 2024

Outdoor Gear Equipment Market REPORT OVERVIEW

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global outdoor gear equipment market size was USD 49250 million in 2021 and market is projected to touch USD 89212.34 Million By 2031, exhibiting a CAGR of 5.8% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with outdoor gear equipment experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Outdoor gear and equipment are essential for engaging in various outdoor activities, whether it's camping, hiking, backpacking, fishing, or any other outdoor pursuit. Depending on the activity and weather conditions, outdoor clothing includes moisture-wicking base layers, insulating mid-layers, waterproof outer layers, hats, gloves, and socks designed for outdoor use. Lightweight and foldable chairs and tables for comfortable seating and dining at campsites.

Adjustable poles that provide stability, reduce strain on joints, and improve balance during hiking or trekking. Used for navigation and tracking during outdoor activities. GPS devices provide accurate location information, while compasses and topographic maps are useful for traditional navigation. Essential for providing hands-free illumination during nighttime activities or in dark areas.

COVID-19 IMPACT

"Emphasis on Safety to Boost Demand Significantly"

COVID-19 had a life changing impact globally. The outdoor gear equipment market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for outdoor gear equipment experienced an increased demand.

The increased demand coupled with disruptions in the global supply chain caused by the pandemic led to shortages of certain outdoor gear and equipment. Manufacturers faced challenges in sourcing raw materials and components, as well as delays in production and shipping, resulting in limited product availability. Some outdoor activities that involved large gatherings or close contact, such as music festivals or team sports, were significantly impacted during the pandemic. This led to a shift in demand towards individual or small group activities like hiking, camping, and biking, which required specific gear and equipment.

As people sought safe and socially distanced activities during lockdowns and travel restrictions, there was a surge in interest in outdoor activities. This led to a higher demand for outdoor gear and equipment as more individuals and families engaged in activities like camping, hiking, and cycling. The pandemic prompted a renewed emphasis on environmental sustainability and responsible outdoor practices. Consumers started prioritizing eco-friendly and sustainable outdoor gear options, encouraging manufacturers to develop more environmentally conscious products. The market is anticipated to boost the outdoor gear equipment market share following the pandemic.

LATEST TRENDS

"Advancements in Insulation to Broaden Market Growth"

Insulation technology has seen advancements, leading to improved warmth-to-weight ratios and enhanced performance. Synthetic insulation and down alternatives are becoming more popular due to their ability to retain warmth even when wet. Additionally, innovations in down treatment are improving its water-resistance properties.

Outdoor gear is being integrated with smart technologies to enhance functionality and convenience. This includes features like built-in GPS tracking, app connectivity for activity tracking, solar-powered charging capabilities, and Bluetooth-enabled devices for seamless connectivity. Gear manufacturers are introducing modular and customizable options to cater to individual preferences and specific activities. This allows users to personalize their gear setups according to their needs, providing greater versatility and adaptability. These latest developments are anticipated to boost the outdoor gear equipment market share.

Outdoor Gear Equipment Market SEGMENTATION

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• By Type

Based on type, the market is divided into Apparel, Footwear, Backpacks, Tents and Sleeping Bags, Climbing Equipment, and Accessories.

Apparel holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Game and Sport Activity.

Game as application holds a major share of the global market.

DRIVING FACTORS

"Rise in Adventure Tourism to Boost Market Share"

Adventure tourism has gained popularity, with more individuals and families seeking adventurous experiences during their vacations. This includes activities like trekking, mountaineering, wildlife safaris, and water sports, which require specialized outdoor gear and equipment. There has been a growing interest in outdoor activities and a greater appreciation for the physical and mental health benefits of spending time in nature. People are seeking ways to connect with the outdoors and engage in activities such as camping, hiking, backpacking, fishing, cycling, and more.

"Health & Wellness Trend to Boost Market Size"

The focus on health and wellness has spurred the demand for outdoor gear and equipment. Many individuals are incorporating outdoor activities into their fitness routines and seeking gear that supports their active lifestyles. As urbanization increases, people are seeking ways to escape the hustle and bustle of city life and connect with nature. Outdoor activities provide an opportunity to relax, unwind, and experience the tranquility of natural environments. These factors are anticipated to drive the outdoor gear equipment market share.

RESTRAINING FACTORS

"Seasonal Demand to Hamper Market Share"

Outdoor gear and equipment often have a seasonal demand pattern, with peak demand during warmer months or specific outdoor seasons. This seasonality can result in fluctuations in sales and revenue, requiring manufacturers and retailers to manage inventory and operations accordingly. Outdoor gear and equipment can sometimes be expensive, especially for higher-end or specialized products. Price sensitivity can impact consumer purchasing decisions, and some individuals may opt for lower-cost alternatives or second-hand gear instead of purchasing new equipment. The factors are anticipated to hinder the growth of the outdoor gear equipment market share.

Outdoor Gear Equipment Market REGIONAL INSIGHTS

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"North America Dominates the Outdoor Gear Equipment Market "

North America is the major shareholder for the outdoor gear equipment market share. This is attributed to a strong culture of outdoor recreation and a large consumer base interested in activities like camping, hiking, fishing, and skiing. The region is home to several well-established outdoor gear manufacturers and retailers, contributing to its prominent market position. The region has a rich outdoor culture, with a wide range of outdoor activities and a significant number of outdoor enthusiasts. Europe is the second major shareholder for the outdoor gear equipment market share.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• ARCTERYX [Canada]
• JACK WOLFSKIN [Germany]
• MobiGarden [China]
• Beijing Toread Outdoor Products [China]
• Columbia [U.S.]
• Marmot [U.S.]
• THE NORTH FACE [U.S.]
• NORTHLAND [Austria]
• BlackYak [South Korea]
• Lafuma [France]
• Black Diamond [U.S.]
• ARCTOS [Slovenia]
• Ozark [China]
• Highrock [China]
• Camel [China]
• Nextorch [China]
• Fire Maple [China]
• KingCamp [China]
• MBC [China]
• Snowwolf [China]
• Mammut [Switzerland]
• Schoffel [Germany]
• Vaude [Germany]
• Fenix Outdoor [Sweden]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.