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NEW YORK , Dec. 15, 2021 /PRNewswire/ -- Outdoor Apparel Market Facts at a Glance-
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According to the recent market study by Technavio, the Outdoor Apparel Market Share is expected to increase by USD 3.90 billion from 2019 to 2024, with an accelerated CAGR of 5%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate of 32% among the other regions. China is the key market for outdoor apparel in APAC. The market growth in APAC will be faster than the growth of the market in other regions.
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The outdoor apparel market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to remain competitive in the market. Some vendors are engaged in M&As and others are focusing on launching new products.
adidas AG – The company offers a wide range of outdoor apparel. Nuvic Down Jacket and Terrex Stockhorn Hooded Fleece Jacket are some of the key products offered by the company.
ASICS Corp. – The company offers a wide range of outdoor apparel. Some of the key products offered by the company include Roc Spire Jacket Men and Astral Jacket Men.
Columbia Sportswear Co. – The company offers Women's Saturday Trail Stretch Pant and Men's PHG Ascender Softshell Jacket.
G-III Apparel Group Ltd. – The company offers Long Bay Outdoor Jacket and Waterman Paddle Long Sleeve Hooded Paddle Jacket.
Hanesbrands Inc. – The company offers a wide range of outdoor apparel. Some of the key products offered by the company include Champion X Wood Wood.
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The outdoor apparel market share growth in APAC will be significant during the forecast period. China is the key market for outdoor apparel in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
Factors such as the rising millennial population, increasing disposable income, and growing awareness about health and fitness among people will drive the growth of the outdoor apparel market in APAC during the forecast period.
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Latest Drivers & Trends Driving the Market-
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Accelerate at a CAGR of 5%
APAC, Europe, MEA, North America, and South America
Leading companies, competitive strategies, consumer engagement scope
adidas AG, ASICS Corp., Columbia Sportswear Co., G-III Apparel Group Ltd., Hanesbrands Inc., Newell Brands Inc., Outdoor Research, Patagonia Inc., Under Armour Inc., and VF Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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