Adventure Gear Market is expected to reach US$ 40.83 Bn. by 2029, at a CAGR of 7.2% during the forecast period.
Adventure Gear Market Overview:
Maximize Market Research's new report, Adventure Gear Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Adventure Gear market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Adventure Gear market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Adventure Gear market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Market Dynamics:
Adventure gear and related accessories are now more readily available thanks to the increasing value and popularity of outdoor sports. Adventure gear is chosen so that it is susceptible to changes in the environment. People of various backgrounds and demographics become enthusiastic about and love adventure travel. The general public considers adventure tourism to be the most sought-after outdoor activity and it is growing in popularity around the world. The demand for adventure gear is ultimately being driven by this rationale.
Segmentation:
by Product
Backpacks & Bags
Clothing
Footwear
Tents & Sleeping Bags
Electronic Gadgets
By product, the adventure gear market was dominated by garments in 2022, with a market share of 50.0 percent. The public's propensity of participating in adventure activities has increased consumer demand for adventure gear clothes. The popularity of adventure in the United States is anticipated to fuel the need for adventure gear clothing, according to the Outdoor Foundation's Outdoor Participation Report. Furthermore, the market for adventure gear is becoming more necessary as more women participate in the outdoor clothing industry.
by Distribution Channel
Hypermarkets/supermarkets
Specialty stores
Small retail stores
Online Channel
By distribution channel, speciality shops accounted for more than 46.1% of the market for adventure gear in 2022, making them the most significant method of distribution. The expansion of sporting goods retailers like Decathlon, Columbia Sportswear, REI, Wildcraft, and Dick's Sporting Goods is predicted to increase product availability globally and boost the market's expansion. Adidas AG, Nike Inc., and Under Armour Inc. all have retail locations where they sell footwear and other outdoor products throughout North America, Europe, and a number of Asian nations.
Key Players:
It then discusses the top competitors in the worldwide Adventure Gear market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1.Arc’teryx
2. Jack Wolfskin
3. Macpac Europe
4. Mammut
5. MONT
6. Mountain Equipment
7. Mountain Hardwear
8. NEMO Equipment, Inc
9. Salewa
10. The North Face
11. Black Diamond Equipment, Ltd
12. Marmot Mountain LLC
13. Amer Sports, Equinox Ltd
14. TATONKA
15. Sierra Designs
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Regional Analysis:
The report has analyzed the global Adventure Gear market in the following regions:
America, North (the United States, Canada, and Mexico)
European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia, and Rest of South America)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Adventure Gear market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Adventure Gear Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
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Key Questions Answered in the Adventure Gear Market Report are:
Which are the major companies in the Adventure Gear market?
Which is the potential market for Adventure Gear in terms of the region?
Which application area of Adventure Gear is expected to grow at a significant rate in the market in the next 5 years?
What are the opportunities for new market entrants?
What will be the Adventure Gear market size by 2027?
What are the growth prospects for the Adventure Gear market?
What is the base year considered in the Adventure Gear market report?
Which region holds the largest market share in the Adventure Gear market?
What factors are anticipated to drive the Adventure Gear market?
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