China Outdoor Gear Industry Report, 2016-2021: Market is Expected to Exceed RMB100 Billion, hitting RMB118 Billion - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "China Outdoor Gear Industry Report, 2016-2021" report to their offering.

In 2015, China's overall outdoor gear market was scaled up to RMB45.4 billion, up 12.5% from a year earlier, of which, the core outdoor gear market accounted for 39.6% with RMB18 billion.

It is estimated that in 2016 China's overall outdoor gear market and core outdoor gear market will be worth about RMB48 billion and RMB18.91 billion respectively.

The Chinese outdoor gear market has just entered growth stage, far from maturity and holding huge potential for development. Driven by related policies such as National Fitness Plan (2016-2020) and China's 13th Five-Year Plan for Developing Sports Industry, as well as people's living improvement and a growing number of outdoor activity participants, China's outdoor gear industry will continue rapid development in the future. By 2021, the overall outdoor gear market scale is expected to exceed RMB100 billion, hitting RMB118 billion; the core outdoor gear market scale will reach RMB32.58 billion.

In recent years, due to intensified competition in the industry, combined with rising operating costs, gross retail sales of outdoor gear market in China have been slowing down despite an uptrend. In 2016, gross retail sales of Chinese outdoor gear rose 4.9% year on year, to RMB23.28 billion, of which, retail sales of e-commerce channel grew faster to RMB8.48 billion, up 20.3% from a year earlier, accounting for 36.4%, while outdoor stores were on a declining curve and shopping mall stores just kept a small increase. In the future, under the influence of change of consumption habits, cost and other factors, e-commerce will become the main sales channel, with retail sales making up approximately 50% in 2020.

There were a total of 975 brands in the Chinese outdoor gear market in 2016, but only 22 ones i.e. 2.3% of total brands with annual value of shipment exceeding RMB100 million; their shipment value of RMB7.68 billion accounted for 57% of total. This implies a relatively high concentration of the industry and main brands have significant pioneering advantages.

Key Topics Covered:

1 Overview of Outdoor Gear

2 Development of Foreign Outdoor Gear Industry

3 Development of China Outdoor Gear Industry

4 Major Foreign Companies

5 Major Domestic Companies

Companies Mentioned

- Arctos

- Beaume

- Black Diamond

- Camel

- Challenge

- Columbia Sportswear

- Jihua Group

- Kolumb

- Lafuma

- MobiGarden

- Newell Brands

- Sanfo

- Toread

- VF Corporation

For more information about this report visit http://www.researchandmarkets.com/research/4br227/china_outdoor

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Sporting Goods and Equipment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Sporting Goods and Equipment