Outdoor sports industry has seen a high surge in its growth, specifically in adventure sports segment. This has changed the customer’s relation with the brands of various adventure gears available in the market. Customers buy these products characterized by their demand about quality. Adventure gear includes backpacks, clothing, footwear, tents & sleeping bags, electronic gadgets, and other product categories such as technical gear, spare parts, safety & survival, etc. Adventure gear are used for various types of adventure sports such as camping, trekking, sky diving, etc.
Increase in attention and benefits of outdoor sports, has paved the way for adventure gear and related accessories. Adventure gear are selected in a way that they are susceptible to the natural environmental conditions. Also people belonging to various backgrounds and categories develop enthusiasm and take pleasure in adventure tourism. Adventure tourism has been acquiring recognition worldwide and is seen as the most seeked after outdoor activity by the people. This factor is ultimately leading to drive the market for the adventure gear market. However, quality remains a major restraining factor for the customers, where they have to face the robust environmental conditions, and thereby look for the products that are suitable for such environmental conditions.
The global Adventure Gear market can be segmented based on product, sport type, distribution channel, and region. In terms of product, the market can be classified into Backpacks & Bags (Ruck Sack, Knap Sack, Hydration Bag, and others), Clothing (Jackets, Shirts & Tshirts, Shorts & Pants, Rainwear, and others), Footwear (Shoe & Sandals, Socks, and others), Tents & Sleeping Bags (Tents, Sleeping Bags, Carry Mats), Electronic Gadgets (Headlamps & Torches, Compass & GPS, Cameras, and others), and Others. Based on application, the global Adventure Gear market can be categorized into Trekking, Rafting, Sky Diving, and others. In terms of distribution channel, the market can be divided into online and offline.
The offline distribution channel segment can be further segregated into large format stores (hypermarkets, supermarkets, departmental stores), specialty stores (pharmaceuticals, beauty stores), and small retail stores. In terms of region, the global Adventure Gear market can be segmented into In terms of region, the global Adventure Gear market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America comprises the U.S., Canada, and Rest of North America. Analysis and forecast of the adventure gear market in Europe includes the U.K., Germany, France, and Rest of Europe.
Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa comprises the analysis and forecast of the Adventure Gear market in GCC countries, South Africa, and Rest of Middle East & Africa. The South America Adventure Gear market can be segmented into Brazil, Mexico, and Rest of South America. North America and Europe are expected to dominate the market. On the other, the Asia Pacific adventure gear market is expected to grow at a faster rate during the forecast period. Increase in outdoor sports in Asia Pacific is likely to boost the growth of the adventure gear market in the region in the near future.
Key players operating in the global adventure gear market include Arc’teryx, Jack Wolfskin, Macpac Europe, Mammut, MONT, Mountain Equipment, Mountain Hardwear, NEMO Equipment, Inc., Salewa, and The North Face. Key players in the adventure gear market are anticipated to observe growing demand for adventure gear throughout the forecast years.
The key players are more focused toward introducing latest adventure gear products that are projected to encourage customers and inspire them to opt for more comfortable and safe products. Along with this the companies are aiming more toward competitive strategies such as expansions, acquisitions, and collaborations with new product development as their key strategy to increase substantial market share. Additionally, the adventure gear market is estimated to experience the trend of manufacturing new products with eye-catching texture and investing more on promotion of such products.