Adventure Gear Market – Introduction
- Adventure gear refers to gear for hiking, camping, skiing, biking, rafting, and other outdoor activities. It includes clothing, backpacks, footwear, tents, electronic gadgets, and more. The rising prominence of various adventure sports activities is increasing the demand for adventure gear in the market.
Key Drivers of the Adventure Gear Market
- Adventure gear is the most important form of protection from the risks associated with outdoor activities. Further, the increasing acceptance of different adventure sports activities is increasing the demand for adventure gear in the market.
- Companies operating in the adventure gear market are developing products that are suitable for any weather condition. In addition, growing awareness about the advantages of adventure sports activities such as improved physical health, and mental wellbeing benefits is enhancing the growth of the adventure gear market.
Factors Restraining the Adventure Gear Market
- The dangers and risks associated with extreme adventure sports is a major factor restraining the demand for adventure gear. Further, the outbreak of COVID-19 resulted in lockdowns and other restrictions imposed by governments of different countries, which significantly affected the pursuit of adventure activities. Also, the pandemic impacted the supply of raw materials and disrupted supply chains, which further hampers the growth of the adventure gear market.
North America to Hold Leading Share of the Global Adventure Gear Market
- In terms of geography, the global adventure gear market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the adventure gear market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The adventure gear market in South America is segmented into Brazil and Rest of South America.
- North America dominated the global adventure gear market in 2022, due to increased participation of people in outdoor activities in the region. Increasing population has been driving the adventure gear market in North America, particularly in the U.S and Canada.
- The adventure gear market in North America is projected to expand at a rapid pace, followed by Asia Pacific and Europe during the forecast period.
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Key Players Operating in the Adventure Gear Market
The global adventure gear market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global adventure gear market are:
- JACK WOLFSKIN – Ausrüstung für Draussen GmbH & Co.
- Macpac Europe
- Mountain Equipment
- Mountain Hardwear
- NEMO Equipment, Inc.
- The North Face
- Black Diamond Equipment, Ltd
Global Adventure Gear Market: Research Scope
Global Adventure Gear Market, by Product
- Sleeping Bags
- Navigation Gear
- Hydration Gear
- Sun Protection Gear
- Illumination Gear
- Electronic Gadgets
- Others (Backpacks & Bags, Fire Starters, Repair Kit and Tools, etc.)
Global Adventure Gear Market, by Application
- Others (Biking, etc.)
Global Adventure Gear Market, by Price
Global Cotton Terry Blanket Market, by Distribution Channel
- E-commerce Websites
- Company Owned Websites
- Specialty Stores
Global Adventure Gear Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.