NEW YORK, Aug. 5, 2022 /PRNewswire/ — The latest market analysis report titled Outdoor Apparel Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been added to Technavio’s catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 5.3% during the forecast period. Technavio categorizes the global outdoor apparel market as a part of the global apparel, accessories, and luxury goods market, within the textiles, apparel, and luxury goods market. The product innovation leading to portfolio extensions and product premiumization coupled with the growing tourism industry will influence the market growth positively during the forecast period. However, one of the key challenges to the global outdoor apparel market growth is the growing global proportion of the geriatric population.
Technavio has announced its latest market research report titled Outdoor Apparel Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
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Outdoor Apparel Market Segment Analysis
- Distribution Channel
- Offline: The outdoor apparel market share growth by the offline segment will be significant during the forecast period. Consumers also prefer buying outdoor apparel from department stores because of the availability of a wide range of products and the presence of required support and information through expert customer service personnel. The adoption of new business and retail strategies, such as pricing and wide assortments by retailers, and business expansion will further boost the growth of the outdoor apparel market in this segment.
- North America: 33% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for outdoor apparel in APAC. Market growth in this region will be faster than the growth of the market in other regions. The rising millennial population, increasing disposable income, and growing awareness about health and fitness among people will facilitate the outdoor apparel market growth in APAC over the forecast period.
- South America
- Middle East And Africa
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Outdoor Apparel Market Vendor Landscape
- The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market.
- Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- The outdoor apparel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
- Vendors focus on increasing their market share by offering advanced outdoor apparel to differentiate themselves from their competitors.
Some key …….