The global
hunting apparel market is expected to post a CAGR of almost 4% during
the period 2019-2023, according to the latest market research report by
Technavio.
Consumers are increasingly engaging in outdoor recreational activities
owing to hectic work life and the growing need to de-stress. In addition,
rising urbanization and growing health consciousness have significantly
increased consumer participation in hunting activities. Hunting activities are
popular in countries such as the US and Canada. It is considered as a vital
tool for wildlife management and a part of the rich cultural heritage of these
countries. The growing popularity of hunting activities is encouraging market
vendors to expand their product portfolio and provide a variety of hunting
apparel. These factors are crucial in driving the growth of the global hunting
apparel market during the forecast period.
As per Technavio, the rise in the number of private-label brands will
have a positive impact on the market and contribute to its growth significantly
over the forecast period. This research report also analyzes other important
trends and market drivers that will affect market growth over 2019-2023.
Global Hunting Apparel Market: Rise in the Number of Private Label
Brands
Private label brands are increasingly becoming popular in developed
markets such as the US, Germany, Japan, and the UK. The proliferation of such
brands is enabling customers to buy hunting apparel at relatively lower prices
than those offered by major brands. Many private label brands have also
enhanced the quality of their product offerings, which is attracting consumer
interest. Therefore, the rise in the number of private-label brands will have a
positive impact on the growth of the global hunting apparel market during the
forecast period.
“Growing tourism
industry and the adoption of omnichannel retailing will further boost market
growth during the forecast period,” says a senior analyst at Technavio.
Global Hunting Apparel Market: Segmentation Analysis
This market report segments the global hunting apparel market by distribution
channel (offline and online channel) and geography (Americas, APAC, and EMEA).
The Americas region led the market in 2018, followed by EMEA and APAC
respectively. During the forecast period, the Americas region is expected to
maintain its dominance over the market. This is due to the growing popularity
of outdoor recreational activities and trophy hunting among hunters in the
region.
Technavio’s sample reports are free of charge and contain multiple
sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
·
Market ecosystem
·
Market characteristics
·
Market segmentation analysis
Market Sizing
·
Market definition
·
Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
·
Geographic comparison
·
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
·
Landscape disruption
·
Competitive scenario
Vendor Analysis
·
Vendors covered
·
Vendor classification
·
Market positioning of vendors
