Sports Apparel Market Overview:
Sports Apparel Market Research provides a comprehensive overview of Sports Apparel to provide a current understanding of the market and its features. The report also includes detailed information on forecasted statistics, significant advancements, and revenue.
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Sports Apparel Market Scope:
The global Sports Apparel market report provides statistics and analytical insights to give a comprehensive understanding of the market size, share, trend, growth, demand, market player and industry profile, opportunities, value chain, end-users, types, and applications. It also includes accessible opportunities in micro and macro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and product offerings of major competitors.
The qualitative and quantitative data in the report help decision-makers identify market segments, regions, and variables that are likely to drive the Sports Apparel market at a faster pace, as well as major opportunity areas. SWOT analysis, PESTLE analysis, and PORTER analysis have been used to provide an in-depth analysis of the Sports Apparel market.
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Regional Analysis:
The research has been conducted on each regional Sports Apparel market to determine its current and future growth potential. The Sports Apparel market report covers all five regions and their country-specific distribution. Their market size and trends are also included in the Sports Apparel report.
Sports Apparel Market Dynamics:
Sports apparel is clothing worn for physical exercise or sport. It is also known as sportswear or activewear. Most sports and physical activities need the use of sport-specific gear for practical, comfort, or safety reasons. Tracksuits, shorts, T-shirts, and polo shirts are examples of sport-specific clothing. Swimsuits (for swimming), wet suits (for diving or surfing), ski suits (for skiing) and gymnastic leotards are examples of specialised clothing. Trainers, football boots, riding boots, and ice skates are examples of sports footwear. Sportswear is sometimes worn as casual fashion clothing. People are hunting for the ideal option from the many available brands as the economy and money develop. As a result, the sports products business is always expanding in response to product demand. Overall, the Indian sports clothing industry has enormous commercial potential.
Sports Apparel Market Segmentation:
by Product
Top Wear
Bottom Wear
Support items
by End-use
Men
Women
Children
by Distribution Channel
Online
Offline
The market is divided into three categories: top wear, bottom wear, and support items. Top Wear got the greatest market share, which is predicted to be USD 76.2 billion in 2022. During the projection period, this segment is expected to develop at a CAGR of 5.2%. A growing preference for top wear sports apparel over other top wears is driving market demand. T-shirts, sweatshirts, sports vests, sports hoodies, and other items dominate the top wear section. The United States was the leading regional market for the Top Wear segment in 2022, accounting for 34.7% of global sales.
The market is divided into three segments based on End-Use: Men, Women, and Children. The Men end-use category has the biggest market share and is predicted to take the lead by USD 129.3 billion throughout the forecast period. This segment’s rise can be ascribed to men’s increased participation in sports and physical activities, as well as the growing popularity of sportswear due to its fashionable appearance and good comfort. During the projection period, the Women end-use category is expected to increase at a CAGR of 7.19%. Changes in culture and the increased engagement of women in several sports, yoga, gym, and physical activities are boosting the segment’s market growth. Furthermore, women have a higher proportion of runners than men.
The market is divided into two segments based on distribution channel: online and offline. Offline captured the greatest market share of xx% in 2022 and is predicted to lead the market by 87.98 billion throughout the forecast period. The growing popularity of stores, hypermarkets, and specialised showrooms, which provide products from international brands such as Adidas, Nike, and others, is ascribed to the expansion of the offline segment. The segment’s rise is due to options such as discounts and trials before purchase, as well as the benefit of instant gratification, which is driving market expansion. During the projected period, the Online category is expected to grow at the fastest rate of 8.71%.
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Sports Apparel Market Key Players:
1. Nike Inc.
2. Fila
3. Lululemon Athletica Inc.
4. New Balance
5. Under Armour Inc.
6. Columbia Sportswear Company
7. Puma Se
8. Adidas AG
9. Umbro
10. Ralph Lauren Corporation
11. Anta International Group Holdings Ltd.
12. Li Ning Company Limited
13. VF Corporation
14. Jockey
15. Lotto Spa
16. Everlast Worldwide, Inc.
17. Brooks Sports, Inc.
18. Diadora S.p.A.
19. Million Special Industries Co. Ltd.
Key Questions answered in the Sports Apparel Market Report are:
- What is the forecast period of the Sports Apparel Market?
- What is the growth rate of the Sports Apparel Market?
- What are the Sports Apparel Market segments?
- Which region held the largest Sports Apparel market share in 2022?
- What are the opportunities for the Sports Apparel Market?
- What factors are affecting the Sports Apparel market growth?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
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