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Extensive market research carried out by the analysts at Technavio has shown that the global hard adventure sports equipment market will grow steadily at a CAGR of more than 2% over the forecast period. The fast-paced and hectic lifestyle of people around the world has compelled individuals to seek out new ways to de-stress and relax. The rising need to de-stress and break away from regular, mundane activities has resulted in an increasing number of people participating in outdoor sports and recreational activities. Moreover, factors like increasing urbanization and the growing need engage in physical activities such as trekking and hiking have led to an augmented participation in such activities, which will, in turn, bolster the growth of the adventure sports equipment market in the coming years.
In this industry research study, the analysts have estimated factors such as the influx of improved quality adventure sports equipment to spur the growth prospects for this market until the end of 2020. To cater to the varied needs of consumers, vendors have started introducing innovative product offerings in terms of design, color, shape, and weight. For example, vendors like Big Agnes, Eddie Bauer, Sea to Summit, NEMO, GoLite, and L.L. Bean offer sleeping bags with water repellent down infill. Moreover, trekkers are increasingly opting for bear-resistant camping coolers. These coolers keep food safe from bears and also protect the bears from the coolers, in case they tear into them. Also, innovations in the variety of camping stoves that are free-standing, lightweight, and easy to carry are also envisaged to positively impact the global hard adventure sports equipment market over the predicted period.
During 2015, trekking dominated the global market for hard adventure sports equipment and accounted for a market share of more than 48% in terms of revenue. In comparison to climbing and caving, trekking is less rigorous and can be undertaken in shorter trips; thus, encouraging higher participation. Furthermore, several adventure associations and clubs frequently organize trekking events, which has increased the popularity for some of the most sought after trekking destinations like Everest Base Camp, Pays Dogon, and Inca Trail.
The Americas led the global hard adventure sports equipment market during 2015 and is expected to reach close to USD 2 billion by 2020. The Americas is a popular destination for a number of outdoor adventure sports activities pursued by both tourists and the local population. Also, the presence of popular spots for trekking and caving in the region will contribute to the growth of this market in the region.
The global hard adventure sports equipment market is highly fragmented owing to the presence of numerous small and large vendors. The vendors in this market compete in terms of price, quality, product differentiation, distribution, and promotion to gain maximum market prominence during the forecast period.
Key vendors in this market are -
Other prominent vendors in the market include AMG Group, Big Agnes, CAMP Technical Adventure Equipment, Columbia Sportswear, Deuter Sport, Dive Rite, Exxel Outdoors, Gregory Mountain Products, High Sierra, Jack Wolfskin, Mad Rock Climbing, Omega Pacific, Osprey Packs, Petzl, Snugpak, and VAUDE.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by activity
PART 07: Market segmentation by retail formats
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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