Recreational Products

The Recreational Products industry includes goods and services for leisure, outdoor activities, and personal enjoyment, such as camping, hiking, cycling, water sports, winter sports, and powersports vehicles. The global market was valued at USD 137.7 billion in 2024 and is projected to grow at a CAGR of 5.7% from 2025 to 2034. Individual consumers held approximately 62% of the market share in 2024.

The Recreational Products industry is driven by increasing interest in outdoor activities due to a focus on health and wellness, the rise in remote work, and e-commerce growth. Technological advancements drive demand for lightweight, durable, and multifunctional products, as well as smart gadgets. A growing trend towards sustainability and eco-friendly products is also influencing the market, along with government support for public lands and parks.

The Recreational Products industry includes camping and hiking equipment, sports and outdoor gear, and outdoor electronics. Major players include Columbia Sportswear, Garmin, Patagonia, REI, and The North Face. Other notable companies are Clarus, Deckers Outdoor, Foot Locker, Johnson Outdoors, Marmot, Newell Brands, Topgolf Callaway Brands, Wolverine Worldwide, Yeti, Polaris Inc., Thor Industries Inc., and Winnebago Industries Inc.. BRP Inc. is a leader in powersports vehicles. Companies focus on product innovation, quality assurance, and customer-centric strategies, competing on price, innovation, brand recognition, and sustainability, often using direct-to-consumer sales and traditional retail.

The Recreational Products industry has experienced mixed performance, with overall spending elevated but growth normalizing. Some segments have seen revenue declines, and inventory normalization has led to promotions. Companies are using technology and innovation to re-engage consumers. The outlook for 2025 is cautiously optimistic, with growth expected to accelerate as inventory levels normalize and macroeconomic pressures ease. The global market is projected to continue growing, driven by interest in outdoor activities, health trends, and technological advancements. The sports and leisure equipment market is anticipated to reach USD 482.56 billion in 2025 and USD 667.94 billion by 2030.

The Recreational Products industry faces risks from economic fluctuations, as recreational products are discretionary purchases. Seasonal demand fluctuations, competition from rental services, and inventory overhang pose challenges. Geopolitical factors like tariffs can impact profitability. Ensuring safety and security, keeping up with technological changes, and minimizing environmental impacts are ongoing concerns.