US Outdoor Recreation Products Market By Product Type (Active Apparel, Active Footwear, Outdoor Equipment and Sports Equipment & Apparel), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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U.S. Outdoor Recreation Products Market Size And Forecast
US Outdoor Recreation Products Market size was valued at USD 109.18 Billion in 2024 and is projected to reach USD 179.31 Billion by 2031, growing at a CAGR of 6.95% from 2024 to 2031.
The higher consumer awareness of the side effects of the sedentary lifestyle and increasing preference among the US population to lead a healthy and active lifestyle for being physically fit is the important factors that drive the growth of the U.S. Outdoor Recreation Product market. The US Outdoor Recreation Products Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
US Outdoor Recreation Products Market Definition
Outdoor recreational activities refer to the outdoor activities and hobbies that the American people have adopted for recreational fun as well as health benefits. Such activities also offer various social and economic benefits as well. These help in connecting families and friends by strengthening social bonding, ethnic and cultural harmony. These also reduce alienation and develop strong communities. Furthermore, outdoor recreational activities reduce healthcare costs, vandalism, and crime by enhancing property value. The United States is the world’s topmost country in healthcare spending. In 2019, the United States had spent USD 3.8 trillion on healthcare. Healthcare costs are increased in the United States since 2016. According to the American Medical Association (AMA), healthcare spending was increased by 4.3% in 2017 while in 2018 by 4.7%. Furthermore, healthcare spending was increased from 2018 to 2019 by 4.6% across the United States.
Also, outdoor recreation in the United States has become the catalyst to promote tourism across the country. Ensuring safety, flexibility, and mobility is critical in outdoor recreation. And the adoption of appropriate clothing and other products greatly improves the performance and confidence of the exerciser during recreation. Thus, various outdoor recreation products play an important role in providing safety, flexibility, and wide mobility to the people performing outdoor recreational activities. The products such as apparel, quality shoes add comfort and breathability that boost the recreation experience of the performers and motivate them to exercise more. According to the Valley Proud Organization, the exerciser needs to choose the right climbing products for climbing according to the different environmental factors, such as weather conditions, humidity, and atmospheric temperature, amongst others, and the risk of injuries from falls or trauma as well.
Various factors including the growing prevalence of different diseases amongst the American population, growing outdoor recreational activities across the US, and the potential features of the outdoor recreation products, are driving the growth of the US Outdoor Recreation Products Market over the forecasted period. Maintaining safety and optimizing performance is very important in outdoor recreation. The various outdoor recreation products provide critical benefits to the individual including safety, flexibility, and mobility, amongst others. Thus, the demand for such products in outdoor recreation is growing amongst the American population.
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US Outdoor Recreation Products Market Overview
The prevalence of different diseases such as neurological disorders, autoimmune diseases, cancers, and the rest of the others is growing amongst the American population. A large number of Americans are suffering from diabetes; a large number of children and adolescents are suffering from type 1 diabetes. According to the Centers for Disease Control and Prevention, National Diabetes Statistics Report, 2019, around 11.3% of people, accounting for 37.3 million, have diabetes in the United States. Out of which, 96 million people aged 18 years or older have prediabetes. Thus, the various recreation activities are getting attention from the American population.
Various outdoor recreational activities have positive effects on Parkinson’s disease symptoms. Biking, running, Tai chi, yoga, Pilates, dance, weight training, non-contact boxing, qi gong are considered the best exercises to manage Parkinson’s disease, as stated by the Parkinson’s Foundation. Thus, many Americans had adopted the following outdoor recreational activities to embrace health benefits.
FIGURE 1 CONVENTIONAL OUTDOOR RECREATIONAL ACTIVITIES IN 2020
As shown in the above figure, the majority of the American population has adopted boating/fishing and RVing as outdoor recreation. On the other hand, 10% of the population has chosen Motorcycling/ATVing and 9% Hunting/shooting/trapping. Such recreational activities help people to manage different diseases and gain health benefits. Thus, the growing prevalence of different disorders amongst the American population is driving the growth of the US outdoor recreation products market over the forecasted period.
The market is experiencing significant potential as the innovation in the technology is at a surge. The launch of advanced solutions to help improve recreational outdoor activities such as camping, cycling, backpacking, adventure racing, hiking, skiing, and many others introduced a lucrative opportunity for market growth. The technology is immensely helping to reshape outdoor recreation with the help of innovative apps and devices that are empowering people to get active. In addition, the growing demand for the small, lightly weighted GPS units, cell phones, smartphones, miniature drones with cameras, satellite-based personal locator beacons (PLB), and Google Earth and Google Trekker. All these factors have begun the significant application to influence and drastically change the nature of modern outdoor recreation.
However, growing industrialization and construction and infrastructure development are leading to rising pollution, polluting clean air and water, disruptions in the ecosystem and natural habitats. This is aiding to the climate change around the United States. Unexpected rainfall, heavy snowfall, winter storms, and the rest of the others might put barriers for the different seasonal outdoor recreational activities. Furthermore, extreme drought, persistent and dangerous heat, and severe storms with flooding affect various outdoor recreational sites around the country with more frequency and greater severity.
According to the Outdoor Industry Association, climate change is hampering the planning, designing, and managing the parks, public lands, and recreation facilities. Also, it will continue to have negative impacts on parks and recreation sites over the forecasted period, as stated by the 2017 Outdoor Industry Association’s report. In the Northern region of the United States, snow recreation activities are mostly affected by climate change. In the Northern US, snow seasons are shrinking and the distributors and sellers of outdoor recreation products are facing challenges because of highly unpredictable weather and shorter shoulder seasons. Furthermore, there was less participation in and consumption of snowmobiling and skiing during winters; as are the most negatively affected by climate change, according to the Forest Service, the US Department of Agriculture, Impacts of climate change on outdoor recreation participation report.
US Outdoor Recreation Products Market Segmentation Analysis
The US Outdoor Recreation Products Market Segmented on the basis of Product Type.
US Outdoor Recreation Products Market, By Product Type
• Active Footwear• Active Apparel• Outdoor Equipment and Sports Equipment & Apparel
To Get Summarized Market Report By Product Type-
Based on Product Type, the market is bifurcated into Active Apparel, Active Footwear, Outdoor Equipment and Sports Equipment & Apparel. Active Apparel is accounted for the largest market share in 2020 and is projected to grow at the CAGR of 7.58% during the forecast period. Active apparel is casual, comfortable clothing suitable for sport or exercise. It is a type of clothing designed for wear while engaging in recreation or other informal activity. Activewear refers to garments or clothes that provide style along with comfort and function and are made up of sustainable materials. Wearing activewear enables people to be dress appropriate for multiple activities. For instance, active people may wish to go for long hikes or casual bicycle rides and then transition directly into going out to dinner or a movie. Activewear is appropriate for many activities and environments. Sweatshirts and sweatpants are popular men’s activewear that is durable and comfortable. Sweatshirts come in both hooded and non-hooded types. Sweatpants often have elastic along the bottom of the legs to keep them in place. Some may have pockets to hold small items. Sweats are also quite warm, so they are good for cold-weather outdoor activities.
Key Players
The “The US Outdoor Recreation Products Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Nike Inc., VF Corporation, Garmin Ltd., Vista Outdoor Inc., Lululemon Athletica Inc., and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
Company Name | Key Development | Description |
---|---|---|
NIKE, Inc. | Acquisition | • In December 2021, NIKE, Inc. has announced the acquisition of RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming. |
VF Corporation | Acquisition | • In December 2020, VF Corporation had announced that it has completed the acquisition of Supreme, a privately-owned global street wear brand, for an aggregate base purchase price of $2.1 billion subject to customary adjustments for cash, indebtedness, and working capital and transaction expenses. |
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Nike Inc., VF Corporation, Garmin Ltd., Vista Outdoor Inc., Lululemon Athletica Inc., and Others. |
Segments Covered | By Product Type |
Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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