Outdoor Sports Apparel Market Size, Industry Share and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Outdoor Sports Apparel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global outdoor apparel market, analysis, trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Outdoor Sports Apparel Market

Outdoor sports apparel refers to specialized clothing, footwear, and accessories designed and manufactured for outdoor sports and recreational activities. It includes jackets, pants, footwear, hats, and gloves for hiking, climbing, fishing, cycling, and snow sports. It is crafted using advanced materials and technology to provide improved comfort and protection from rain, wind, and extreme temperatures. It facilitates adequate blood flow, keeps muscles oxygenated, and prevents sunburn and rashes. Besides this, as it aids in avoiding muscle sprains and ligament-related injuries, the demand for outdoor sports apparel is rising across the globe.

How big is the Outdoor Sports Apparel Market?

The global outdoor sports apparel market size reached US$ 13.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.30% during 2023-2028.

Outdoor Sports Apparel Market Trends and Drivers:

The rising interest of individuals in outdoor recreational activities, such as hiking, mountaineering, rock climbing, and trekking, and their increasing awareness about fitness and health represent one of the key factors catalyzing the demand for outdoor sports apparel. Additionally, the adoption of advanced technologies in the production of outdoor sports apparel to develop products with innovative features, such as weather resistance, durability, and improved comfort, is offering a favorable market outlook. There is a rise in the development of sports apparel with added safety features, such as reflective elements for visibility, padding for impact protection, and ultraviolet (UV) protection from harmful sun rays. Furthermore, the rising trend of ‘athleisure’ is broadening the consumer base beyond traditional athletes and outdoor enthusiasts. Outdoor sports apparel also caters to style-conscious consumers with fashionable designs and a wide range of colors, enabling them to express their personal style while engaging in outdoor activities. Moreover, the proliferation of the e-commerce industry is allowing manufacturers to reach a wider consumer base and increase overall profitability.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Product Type:

  • Top Wear
  • Bottom Wear
  • Others

Breakup by Mode of Sale:

  • Retail Stores
  • Supermarkets
  • Brand Outlets
  • Discount Stores
  • Online Stores

Breakup by End User:

  • Men
  • Women
  • Kids

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Who Are The Key Players/Companies In Home Medical Equipment Market?

Adidas AG, Columbia Sportswear Company, Cotswold Outdoor (Outdoor and Cycle Concepts Limited), L. L. Bean Inc., lululemon athletica inc., Mizuno Corporation, Mountain Warehouse Ltd., Nike Inc., Patagonia Inc., Puma SE, Under Armour Inc. and VF Corporation.

Fantasy Sports Market Size to Reach US$ 47.6 Billion by 2028

Industry Overview of Fantasy Sports Market

Fantasy sports is a popular form of interactive online gaming where participants assemble virtual teams composed of real professional athletes. It involves creating a roster of athletes from a specific sport and competing against other participants based on the statistical performance of those athletes in real-world games. Participants act as team managers, making strategic decisions such as drafting players, setting lineups, and making trades. Points are awarded to the fantasy team based on the actual performance of the selected athletes in their respective games. Fantasy sports can cover a wide range of sports, including football, basketball, baseball, soccer, and hockey. It offers an engaging and competitive experience for sports enthusiasts, allowing them to showcase their knowledge of the game, make strategic choices,

How Big Is the Fantasy Sports Market?

The global fantasy sports market size reached US$ 23.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.6 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Global Industry Trends and Drivers:

The fantasy sports market is influenced by several industry trends and drivers that shape its growth and dynamics. One significant trend is the increasing popularity of fantasy sports among sports enthusiasts worldwide. The accessibility of online platforms and the proliferation of mobile applications have made it easier for people to participate in fantasy sports leagues and competitions. This widespread adoption is driving the market’s expansion and attracting new players. Another driver is the growing engagement and involvement of professional sports leagues and teams. Many sports organizations have recognized the value of fantasy sports in increasing fan engagement and driving viewership. As a result, they have formed partnerships and integrated fantasy sports features into their own platforms, further fueling the market’s growth. Technological advancements also play a crucial role in the fantasy sports market. The development of advanced analytics, real-time data tracking, and predictive algorithms has enhanced the user experience and made fantasy sports more immersive and interactive. Additionally, the integration of social media and online communities has created a sense of community among fantasy sports participants, fostering competition and engagement. Furthermore, the legal landscape surrounding fantasy sports has had a significant impact on the market. The legalization and regulation of fantasy sports in many jurisdictions have provided a more secure and transparent environment for players. This has led to increased participation and investment in the industry.

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What Is Included in Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Sports Type:

  • Football
  • Baseball
  • Basketball
  • Hockey
  • Cricket
  • Others

Breakup by Platform:

  • Website
  • Mobile Application

Breakup by Demographics:

  • Under 25 Years
  • 25-40 Years
  • Above 40 Years

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Apollo Global Management Inc., CBS Sports Network (CBS Broadcasting, Inc.), Dream Sports Inc., Fantasy Power 11, FantasyPros, Fantrax, Flutter Entertainment plc, Fsport, Galactus Funware Technology Private Limited, Gameskraft Technologies, RealTime Fantasy Sports Inc., RotoBash and Sachar Gaming Private Limited.

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