Adventure Gear Market – Global Industry Analysis and Forecast (2024-2030)

Adventure Gear Market is expected to reach USD 43.76 Bn. by 2030, at a CAGR of 7.2% during the forecast period.
Adventure Gear Market Overview
The outdoor sports industry has witnessed a significant increase in growth, particularly in the adventure sports area. This has altered the customer's relationship with the many brands of adventure gear available on the market. Customers purchase these things based on their high-quality expectations. Backpacks, clothes, footwear, tents & sleeping bags, electrical gadgets, and other product categories such as technical gear, spare parts, safety & survival, and so on are all examples of adventure gear. Adventure gear is used for a variety of adventure sports such as camping, trekking, skydiving, and so on.To know about the Research Methodology :- Request Free Sample Report
Adventure Gear Market Dynamics
The growing popularity and value of outdoor activities have opened the way for adventure gear and related accessories. Adventure gear is chosen in such a way that it is vulnerable to natural environmental conditions. People from diverse origins and demographics develop an excitement for and enjoy adventure tourism. Adventure tourism is gaining popularity across the world and is regarded as the most sought-after outdoor activity by the general public. This reason is eventually driving the demand for adventure gear.

Similarly, the market for adventure gear is being driven by rising demand for sports activities among the younger population, notably millennia’s. The growing popularity of fitness regimes, brief leisure activities, and healthy lifestyles has increased the significance of outdoor sporting events, favorably impacting the demand for adventure gear. Growing in the outdoor recreation industry as a result of shifting demographics, urban migration, and a greater emphasis on healthy living is driving the growth of the market.
Sports Market Share, by Country (%) 2023
However, quality remains an important limiting element for consumers, who encounter strong environmental circumstances and are thus looking for solutions that are adapted to these environmental circumstances.
Adventure Gear Market Segment Analysis
By Product, the clothing segment accounted for the majority of the adventure gear market, accounting for 50.0 percent in 2023. Increasing consumer participation in adventure activities among the public has become a habit, driving the need for adventure gear clothing. According to the Outdoor Foundation's Outdoor Participation Report, the popularity of adventure in the United States is expected to drive the need for adventure gear clothes. Furthermore, as women's participation in the outdoor clothing segment grows, the need for the adventure gear market also grows.

By Distribution Channel, in 2023, specialty stores were the most important route of distribution, accounting for more than 46.1 percent of the adventure gear market. The growing presence of sports retail stores such as Decathlon, Columbia Sportswear, REI, Wildcraft, and Dick's Sporting Goods is improving product availability globally, which is expected to boost the global market's growth. Nike Inc., Under Armour Inc., and Adidas AG all operate retail outlets in North America, Europe, and several Asian countries where they sell footwear and other adventure gear.

The online distribution channel is expected to grow at a CAGR of 6.6 percent in the market for adventure gear during the forecast period. This is due to the growing importance of digital marketing methods used by firms to promote their products. Increased internet penetration in nations such as India, China, Canada, and Brazil has created a market for online sales channels that have been growing over the last three to four years. Furthermore, expanding company penetration via online retailing channels such as Moosejaw, Backcountry.com, and Eastern Mountain Sports is paving the road for strong demand for adventure gear via this medium.
Adventure Gear Market Regional Insights
North America was the largest market in 2023, accounting for around 63.2 percent of the adventure gear market. The increased number of customers looking for places to connect with nature and engage in healthy exercise has resulted in the region's largest market for adventure gear. America was the most significant regional market in 2023. This might be attributed to the region's growing participation in outdoor activities and sports.

Because of rising interest in outdoor sports activities, the market for adventure gear in the Asia Pacific is expected to grow at a CAGR of 7.4 percent over the forecast period. This region is seeing rapid growth in the fitness industry, which is encouraging customers to participate in outdoor sporting activities like marathons, camping, trekking, and hiking. As such activities gain popularity, so does the demand for hiking clothing and equipment. Furthermore, the region's rising obesity rates are encouraging customers to participate in outdoor recreation activities such as trekking and hiking.

The objective of the report is to present a comprehensive analysis of the Global Adventure Gear Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Adventure Gear Market dynamics, structure by analyzing the market segments and project the Global Adventure Gear Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Adventure Gear Market make the report investor’s guide.
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Global Adventure Gear Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 26.90 Bn.


Forecast Period 2024 to 2030 CAGR:
7.2%
Market Size in 2030:
USD 43.76 Bn.


 Segments Covered:
by Product Type
Apparel and Footwear
Backpacks & Bags
Tents & Sleeping Bags
Electronic Gadgets
Others


by Application
Trekking
Rafting
Hiking
Camping
Skiing
Others


by Distribution Channel
Direct Sales
Specialty stores
Online Retail
Others



Adventure Gear Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Adventure Gear Market, Key Players are
1. The North Face
2. Patagonia, Inc
3. Arc'teryx Equipment
4. Columbia Sportswear
5. Black Diamond Equipment, Ltd
6. Marmot Mountain, LLC.
7. Mountain Hardwear
8. NEMO Equipment, Inc.
9. Armada Skis
10. Tatonka
11. Helly Hansen
12. Scarpa
13. Fjall Raven
14. Deuter Sport GmbH
15. Sierra Designs
16. Amer Sports
17. Grivel
18. Sea to Summit
19. Outdoor Adventure Gear
20. Mammut
21. Danner
Frequently Asked Questions:
1. Which region has the largest share in Adventure Gear Market?
Ans: North America region holds the highest share in 2023.

2. What is the growth rate of Market?
Ans: The Market is growing at a CAGR of 7.2% during forecasting period 2024-2030.

3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 impact analysis, recommendations for investors and leaders, and market estimation of the forecast period.

4. Who are the key players in  market?
Ans: The important key players in the Market are Arc’teryx, Jack Wolfskin, Macpac Europe, Mammut, MONT, Mountain Equipment.

5. What is the study period of this market?
Ans: The  Market is studied from 2023 to 2030.