Outdoor Travel Goods Market was valued at USD 15.5 Billion in 2022 and is projected to reach USD 24.5 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
Between 2018 and 2022, the outdoor travel goods market grew at a steady pace, with an increased focus on sustainability and functionality. Consumer demand for eco-friendly, durable, and high-performance travel products surged. These years saw the rise of multifunctional gear, such as compact tents, lightweight backpacks, and water-resistant clothing. Market research during this period revealed that consumers increasingly favored products that not only catered to adventure but also aligned with environmental sustainability.
In 2023, the market outlook began to shift, with a notable spike in demand driven by the resurgence of global travel post-pandemic. As the world adapted to new travel norms, such as digital nomadism and longer outdoor trips, the demand for travel gear has intensified. From 2023 to 2033, it's projected that the market will witness a robust growth rate, with consumers seeking more advanced and adaptable products. Innovations such as solar-powered gadgets, GPS-enabled gear, and lightweight yet durable materials are expected to dominate the market.
The market is expected to be heavily influenced by factors like technological advancements and consumer preferences for outdoor experiences. Innovations in product design, including the use of sustainable materials, are expected to drive growth. Moreover, the increased adoption of smart travel gear, such as connected backpacks and portable power stations, is anticipated to capture a larger share of the market over the next decade.
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The outdoor travel goods market has experienced significant changes between 2018 and 2022, with evolving consumer preferences and lifestyle shifts shaping the industry's growth trajectory. Key factors such as increased environmental awareness, a surge in outdoor activities, and the COVID-19 pandemic's influence on travel behavior all played pivotal roles. From 2023 to 2033, the market is projected to continue expanding, driven by new trends and innovations aimed at enhancing outdoor travel experiences.
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MOBI GARDEN
Decathlon
KingCamp
Dometic
TOREAD
CAMEL
Yangzhou Jinquan
Comefly Outdoor Co.
Ltd.
Zhejiang Natural Outdoor Goods
Yotrio Group Co
Anhui Korrun
Coleman
Fire-Maple
Snow Peak
Hilleberg
KAILAS
Toread Holdings Group
Beneunder Limited
TRANGOWORD
Cascade Designs
Columbia
The North Face
Ozark
NIKKO
ARCTERYX
NORTHLAND
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Outdoor Travel Goods Market
Online
Supermarket
Specialty Store
Based on Types the Market is categorized into Below types that held the largest Outdoor Travel Goods market share In 2023.
Travel Clothing
Travel Equipment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Outdoor Travel Goods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Outdoor Travel Goods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Outdoor Travel Goods Market, By Type
6. Global Outdoor Travel Goods Market, By Application
7. Global Outdoor Travel Goods Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Outdoor Travel Goods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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