Sports apparels are mainly worn during workout sessions or while playing sports. Sports apparel are designed to provide comfort and agility during physical movements. Growing health awareness among consumers has compelled them to indulge in different kind of fitness activities such as aerobics, swimming, running, and yoga amongst others, in turn fuelling the demand of sports apparel. The market is further supplemented by the increasing women participation in sports and related activities. Geographically, North America was the largest revenue-generating region in 2014 in the world sports apparel market. However, Asia-Pacific is forecast to be the leading revenue-generating region by 2020, owing to increasing disposable income coupled with rising living standards in the developing countries such as China and India. However, availability of low quality and counterfeit products has marginally restrained the growth of the world sports apparel market.
The world sports apparel market is expected to grow at a CAGR of 4.3% during 2015 2020. Men are the largest end-user of sports apparel, followed by women and children. The popularity of sports clothing among women is growing at a significant pace due to the increasing inclination and participation of women in different sports activities. Though online sales is gaining momentum, retail stores would continue to be the most preferred and dominant sales medium worldwide.
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries. resulting in a large market for Asia-Pacific Sports Apparel Market.
Prominent companies in the market have adopted various growth strategies to capture larger market share. Product launches, partnerships and acquisitions are the major growth strategies adopted by these companies to sustain in the increasing competition. For instance, in July 2014, Adidas entered into a partnership with Manchester United, one of the most successful and popular football clubs in the world, to promote its products globally, which has helped in strengthening the market position of the company across several geographies.
The other key players operating in the market include Nike, Inc., Ralph Lauren Corporation, Umbro, Ltd., Fila, Inc., Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc. and Columbia Sportswear Company. The world sports apparel market is segmented based on end user, mode of sale and geography. The report analyzes the market on the basis of three end users types including men, women and kids.
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The mode of sale segment comprises of online stores and retail stores. The retail segment is further bifurcated into supermarkets, brand outlets and discount stores. The online mode of sale would witness the highest CAGR during the forecast period. The report covers an in-depth analysis of the world sports apparel market across various geographical regions, which include North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa).
A thorough analysis of the current and future trends in the world sports apparel market elucidates the imminent investment pockets in the region The report provides information regarding key drivers, restraints and opportunities with impact analysis Porters five forces model and SWOT analysis of the industry illustrate the potency of the buyers and suppliers participating in the market Quantitative analysis of the current market and the estimation during the period of 20142020 have been provided to highlight the financial appetency of the market The report provides a detailed analysis of world sports apparel market with respect to end user, mode of sale and geography to enable stakeholders for taking appropriate investment decisions Value chain analysis in the report provides a clear understanding on the role of stakeholders involved in the value chain
The World Sports Apparel Market segmentation is illustrated below:
World Sports Apparel Market – By End User Men Women Kids
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World Sports Apparel Market – By Mode of Sale Retail Stores Supermarkets Brand outlets Discount stores Online Stores
World Sports Apparel Market – By Geography North America Europe Asia-Pacific LAMEA
Adidas AG Nike, Inc. Puma SE Under Armour, Inc. Ralph Lauren Corporation Umbro, Ltd. Fila, Inc. Lululemon Athletica Incorporation New Balance Athletic Shoes, Inc. Columbia Sportswear Company
Key Questions Answered in the Market Report
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