Global Hard Adventure Sports Equipment Market 2016-2020

Overview of the global hard adventure sports equipment market

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.

Segmentation by activity and analysis of the hard adventure sports equipment market

• Trekking
• Climbing
• Caving