nitial boom in the early 2000s, the market for outdoor products in China has continued to grow rapidly. In recent years, the rapid development of the economy and the improvement of people's living standards have greatly promoted the growth of the outdoor product market.
According to industry data, the size of China's outdoor product market reached 121.2 billion yuan in 2020, with an annual growth rate of more than 20%. It is estimated that the market size will reach 250 billion yuan by 2025, with annual growth rate remaining at around 15%.
The outdoor product market includes a wide range of products such as outdoor clothing, footwear, backpacks, tents, sleeping bags, mountaineering equipment, etc. Among them, outdoor clothing and footwear are the two largest segments of the market, accounting for more than 50% of the total.
In recent years, outdoor sports have become more and more popular among young people in China. The younger generation is more willing to spend money on quality outdoor products that are both fashionable and functional. In addition, the concept of green and healthy living has also promoted the development of outdoor sports and related products.
On the other hand, the development of e-commerce platforms has also brought new opportunities to the outdoor product market. With the improvement of logistics and distribution system, consumers can easily purchase high-quality and cost-effective outdoor products online.
However, there are also some challenges facing the outdoor product market in China. The most prominent one is the uneven quality of products from different brands and manufacturers. Consumers often have a hard time determining the quality of the product, making them more cautious about spending money on those products.
Despite that, the huge potential of the outdoor product market in China cannot be ignored. The industry should work towards ensuring that products meet international standards to attract more consumers and boost growth. With the support of technology development and government policies, the outdoor product market is expected to continue its growth momentum in the years to come.