Outdoor Jackets Market REPORT OVERVIEW
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The global outdoor jackets market size was USD 31240 million in 2021 and is projected to touch USD 57066 million by 2032, exhibiting a CAGR of 5.6% during forecast period.
Outdoor jackets are top wear apparel that has the ability to resist harsh weather and protect from various weather conditions. They are made of polyester and nylon fabrics as they are easy underneath. Internal material is made up of very soft material that helps in delivering comfort. They are made from breathable, water proof, and stow able material. They are used for various recreational activities such as camping, hiking, cycling, mountaineering, caving, canoeing, rock climbing, kayaking, rafting, running, skiing, sailing, and surfing, and sky diving.
The growing demand for outdoor jackets is attributed to rising enthusiasm for outdoor and sports outfits among millennials. Rise in health clubs and rising subscriptions of health clubs is anticipated to drive the market. Preference for trendy garments that are designed to provide consumers with comfort. Increasing outdoor activities such as cycling, canoeing, rafting, sailing, surfing, and skydiving is expected to facilitate the growth for such jackets.
COVID-19 Impact: Restriction on Travel and Tourism Industry to Hamper Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the global outdoor jackets market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Restrictions on travel and tourism activities halted the sales for such jackets. Restrictions imposed on tourism industries resulted in the decline in the demand for such jackets for commercial purposes. However, the recovery of the market was propelled by online sales through e-commerce platforms. Customers used online shopping methods to purchase from online stores.
LATEST TRENDS
"Innovations in Jackets to Enhance Market Development"
Growing innovations in outdoor jackets is estimated to expand the growth of the global outdoor jackets market. Key players are highly investing in innovations and improvement of their apparels. They have been introducing new lightweight jackets that have more ergonomic designs and high-tech materials. Such innovations make jackets lightweight, durable, and warmer. They help in enhancing the performance of waterproof jackets by making their material more breathable and keep the moisture out of the body. Key players have also been introducing jackets that have the ability to resist different temperatures. Such increasing and new innovations are anticipated to drive the market and pose opportunities for the market.
Outdoor Jackets Market SEGMENTATION
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- By Type
Based on type; the market is divided into lightweight functional, mediumweight functional, and expeditionary expedition special.
Lightweight functional is the leading part of the type segment.
- By Application
Based on application; the market is divided into male and female.
Male is the leading part of the application segment.
DRIVING FACTORS
"Increasing Participation in Recreational Activities to Augment Market Growth"
The global outdoor jackets market growth is anticipated to augment owing to increasing participation in recreational activities. Due to busier work life schedules, people have divulged more into recreational activities. Activities such as bag packing, mountain climbing, camping, skiing, and other activities. They require various different types of outdoor jackets as they provide travelers protection from warm and harsh weather. They help keep the moisture away and help in maintaining a dry body. Such innovations in such jackets by manufacturers for recreational activities is anticipated to drive the market growth.
"Growing Travel and Tourism Industry to Enlarge Market Growth"
Escalating demand for outdoor jackets is growing owing to the growing travel and tourism industry. Growth in travel agencies that conduct various traveling and climbing activities in different weather, warm, terrain, or cold weather. They are used during such expeditions help in maintain body temperatures. It is also used as a safety jacket for safety while traveling as they have high visibility. Such growing activities in travel and tourism industries is anticipated to fuel the demand in the outdoor jackets market.
RESTRAINING FACTORS
"Rising Number of Private Manufacturers to Hamper Market Growth"
There are a number of factors that can push the growth of the outdoor jackets market. Restraining factors such as rising number of private manufacturers for such jackets is expected to restrain the growth for the market. Local manufacturers that offer outdoor apparels sell their apparels for low prices which limits their reach to the consumers and therefore limits the market growth. This factor is anticipated to restrict market growth.
Outdoor Jackets Market REGIONAL INSIGHTS
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"North America to Lead Market Due to Health Consciousness Population"
North America holds the largest part of the global outdoor jackets market due to increasing health consciousness amongst the population. Health awareness among different age groups and their emphasis on adopting a healthy lifestyle has propelled participation in various outdoor sports activities. This has facilitated the demand for such jackets. Introduction of new traveling jackets and development of outdoor apparels is expected to propel the growth of the market. Innovations and advancements in the outdoor apparel industry in the region are anticipated to drive the product demand.
KEY INDUSTRY PLAYERS
"Market Players to Boost Market Growth"
The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Nike (U.S.)
- Adidas (Germany)
- Under Armour (U.S.)
- VF (U.S.)
- PUMA (Germany)
- Lafuma (France)
- Amer Sports (Finland)
- Guirenniao (China)
- Skechers (U.S.)
- Columbia (U.S.)
- Li-Ning (China)
- ANTA (China)
- 361 Degrees (China)
- Patagonia (U.S.)
- Mizuno (Japan)
- Jack Wolfskin (Germany)
- Toread (China)
- Helly Hansen (Norway)
- Xtep (China)
- Billabong (Australia)
- Peak (U.K.)
- VAUDE (Germany)
- Bergans (Norway)
- Asics (Japan)
- Salewa (Italy)
- BasicNet (Italy)
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.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 31240 Million in 2021 |
Market Size Value By |
US$ 57066 Million by 2032 |
Growth Rate |
CAGR of 5.6% from 2021 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the outdoor jackets market expected to touch by 2032?
The global outdoor jackets market is expected to reach USD 57066 million by 2032.
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What CAGR is the outdoor jackets market expected to exhibit by 2032?
The outdoor jackets market is expected to exhibit a CAGR of 5.6% by 2032.
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Which are the driving factors of the outdoor jackets market?
Drivers of this outdoor jackets market are increasing participation in recreational activities and growing travel and tourism industry.
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Which are the top companies operating in the outdoor jackets market?
Nike, Adidas, Under Armour, VF, PUMA, Lafuma, Amer Sports, Guirenniao, Skechers, Columbia, Li-Ning, ANTA, 361 Degrees, Patagonia, Mizuno, Jack Wolfskin, Toread, Helly Hansen, Xtep, Billabong, Peak, VAUDE, Bergans, Asics, Salewa, and BasicNet are key companies operating in the outdoor jackets market.