The global hard adventure equipment market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising people’s participation in adventure sports globally. A space to develop skills for living a happy and healthy life are influencing various individuals towards outdoor recreation participation, and a healthy sense of curiosity for the natural world. These are some factors that propel the growth of the global hard adventure equipment market during the forecast period. Furthermore, the increased outsourcing of outdoor apparel production to developing countries such as China, Bangladesh, and India, where labor cost is low are further boosting the global outdoor apparel market growth during the forecast period.
Some major players in the market include AMG Group, CAMP Technical Adventure Equipment, and Johnson Outdoors, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2020, Under Armour Inc. announced the launch of a new brand – Curry, in association with Stephen Curry to provide an opportunity for youth sports in under-resourced communities. The company aims to provide new apparel and equipment, access to mentors & coaches, and safe places to play for more than 100,000 young athletes by 2025.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Adventure Type
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- AMG Group, CAMP Technical Adventure Equipment, and Johnson Outdoors, among others.
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Global Hard Adventure Equipment Market Report by Segment
By Adventure Type
- Trekking
- Camping
- Climbing
- Caving
- Others
By Type
- Dry Land Sports
- Water Sports
- Air Sports
By Application
- Specialty and Sports Shops
- Departments and Discount Stores
- Online Retail
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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