Transparency Market Research

Outdoor Clothing Market - the Development Strategies Adopted by Major Key Players and to Understand the Competitive Scenario

Outdoor Clothing Market is projected to expand at a CAGR of 5.6% during forecast period between 2018 to 2026 and expected to reach US$ 19,639.0 Mn by 2026.

 

Albany, NY -- (SBWIRE) -- 12/13/2018 -- This report on the global outdoor clothing market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 till 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends that are expected to influence the expansion of the global outdoor clothing market during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Mn) and volume estimates ('000 Units) across different geographies.

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Global Outdoor Clothing Market: Drivers and Opportunities

Across the world, e-commerce has influenced all industries. The retail industry including apparel retail is also influenced by rise in e-commerce. It is expected that in future, the e-commerce channel in the overall retail industry will become the largest channel.Rise in smartphone penetration, and increase in choice and convenience are increasing the sale of outdoor clothing products across the world. In Asia Pacific, emerging economies such as China and India are seeing increase in e-commerce penetration in the outdoor clothing industry and the overall retail industry. In China, e-commerce penetration in the overall retail sector is higher than in the U.S. and other developed countries. Among consumers, millennial spend more time on their smartphones and are the largest purchasers of outdoor clothing online. All these factors are driving the demand for outdoor clothing across the world.

According to the European Outdoor Group (EOG), outdoor clothing penetration is increasing in Europe. EOG member companies are conducting trade shows and marketing activities as part of their Vision 2020 strategy to increase participation of Europeans especially women in outdoor activities.

Outdoor clothing made from natural fiber presents a good growth opportunity for global outdoor clothing manufacturers. According to global outdoor clothing company, VF Corporation, natural fiber outdoor clothing is still an unpenetrated market, thus offering good opportunities.

Global Outdoor Clothing Market: Key Segments

The study provides a conclusive view of the global outdoor clothing market by segmenting it in terms of product type, consumer group, and distribution channel. In terms of product type, the outdoor clothing markethas been classified into top wear, bottom wear, and others. Top wear outdoor clothing productsare further subcategorized into shirts & t-shirts and jackets & hoodies. Bottom wear outdoor clothing products are subcategorized into trousers, shorts, and leggings & tights. The others product type category includes hand wear, head wear, gloves, warmers, etc. Based on consumer group, the market is classified into men, women, and kids. Based on distribution channel, the market is segmented into online and offline. The distribution channel for offline outdoor clothing products are further subcategorized into large format stores, specialty stores, and individual retailers.

The analysis of the above segments is based on present and forecast global demand for outdoor clothing products and prevailing and future trends in the global outdoor clothing market. We have analyzed the present and estimated regional market size of outdoor clothing products across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The regional outdoor clothing market size is further broken down into country level markets in the following countries: the U.S., Canada, Germany, U.K., France, Italy, China, India, Japan, and Brazil.

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Global Outdoor Clothing Market: Competitive Landscape

The global outdoor clothing market consists of global players as well as large number of medium and small players. VF Corporation's outdoor clothing brand "The North Face" holds a significant market share in the global outdoor clothing market. Columbia Sportswear Company, Nike Inc., Patagonia, L.L.Bean, Timberland LLC, etc. are other players in the global outdoor clothing market.