Global Hunting Apparel Market 2019-2023
About this market
With the use of new technologies and product innovation in this space, manufacturers have come up with innovative fabrics and hunting apparel in terms of design, quality, features, and others. The existing players in the global hunting apparel market are extending their product line to include hunting apparel for youngsters as well. The increase in purchasing power and the rise in preference for innovative, comfortable, quiet, and lightweight hunting apparel result in the increased demand for premium hunting apparel. Product premiumization acts as a price driver as it boosts the revenue of the vendors. In addition, premiumization gives a chance to the manufacturers for better customer engagement with their brand and product. Technavio’s analysts have predicted that the hunting apparel market will register a CAGR of close to 7% by 2023.
Rise in popularity of outdoor recreational activities
The growing need for destress and rising popularity of recreational activity are leading to increased engagement in leisure and outdoor activities. Rising urbanization, hectic lifestyles, and increased health consciousness have resulted in increased participation in hunting, which, in turn, has fueled the demand for hunting apparel.
High dependence on seasonal sales
The global hunting apparel market is driven by seasonal sales to a considerable extent. Seasonal fluctuations in demand can affect inventory levels and cash flow of retailers. Therefore, high dependence on seasonal sales limits the market growth.
For the detailed list of factors that will drive and challenge the growth of the hunting apparel market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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