Sports Apparel – An emerging trend and Worldwide Market Forecasts
According to a new report published by Reports Monitor titled, “Global Sports Apparel Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global sports apparels market
market was valued at XX million in 2018 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Distinctive sport-specific garments comprising of t-shirtstracksuits, shorts, and polo shirts. Specialized garments consist of swimsuits for swimming purpose, wet suits for surfing or diving, ski suits for skiing as well as leotards for gymnastics. Sports footwear covers riding boots,trainers, football boots, and ice skates. Sportswear also includes bikini and some undergarments like jockstrapas well as sports bra. Sportswear is also sometimes worn as casual fashion clothing.
Key factor emerging in this Sports Apparel market is the introduction of high-tech fabrics in the market. The increased demand for comfortable and advanced sports apparel globally is driving vendors to introduce new product lines of sports apparel made of innovative high-quality fabrics. Changing fashion trends and rising health consciousness are expected to drive the market over the forecast period. The global sports apparel market has witnessed significant growth owing to mounting health awareness as well as growing fitness activities like running, aerobics, swimming, and yoga between consumers. Availability of counterfeit and less quality products has restricted the growth of the global sports apparel market. Whereas high sports apparel costs owing to huge investments in R&D may hamper the market growth in the future. Increasing health consciousness and changing fashion trends are predicted to drive the global sports apparel market over the forecast period.
Consumer tastes and changing lifestyles have resulted in people opting for comfortable and durable apparel. Innovative marketing activities united with artistic advertising and brand positioning is censured to go long way in the development of overall market in the coming years. Mounting involvement of women in sports is projected to result in preeminent women sports apparel demand in the future. Evolving of newer fabrics with superior properties merged with apparels by means of increased functionality promise massive opportunities to the industry participants. However, the sports apparel market for the aging population as well as women is currently less, it promises ample opportunities for the industry participants to capture this previously untapped market.
The global sports apparel market is segmented based on end-user as men, women and kids. Based on distribution channels such as Retail stores, Supermarkets, Brand outlets, Discount stores and Online stores and, based on geography covering North America, Europe, Asia-Pacific, LAMEA.
The apparel industry is expected to outspread its existence with quickly growing markets, with countries covering India, Indonesia, and Vietnam providing significant potential for global and regional sporting apparel brands.APAC’s retail sports apparel market is expected to grow at the highest rate among all the regions during the forecast period. Aging demography in many regions such as North America and Europe is expected to hamper the regional market growth.
The key vendors in this market are:
Columbia Sportswear Company, Banana Republic, Jockey International, Adidas AG, Nike Inc., Amer Sports Corporation, Billabong International Limited, Everlast Worldwide Inc., Blacks Leisure Group Plc, Gap Inc.
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