The global market was valued at $145310.0 million in 2014 and is likely to garner $222549.5 million by 2025, growing at a CAGR of 4.55% during the forecast period according to Progressive Markets’ report, “Global Sports Apparel Market – Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025”.
The report offers an extensive analysis of the global sports apparel market. It incorporates the market size, market share analysis, market drivers and restraints, Porter’s analysis, market forecast, key market segments, key findings, and key market profiles. The study is a useful source of guidance for industry players, investors, stakeholders, and new entrants as it guides them in making the necessary decisions in surviving in the marketplace and planning business goals wisely. The report divulges information about the rigorous research methodologies used to acquire and validate data. An extensive primary and secondary market research has been adopted for extracting the data.
An executive summary of the global sports apparel market is provided based on the key findings, market attractiveness and trends analysis, and competitive landscape. Market landscape is provided in the study in terms of the growth drivers, Porter’s Analysis, and market share analysis. The market drivers and restraints help identify the factors impacting the growth of the global sports apparel industry. The Porter’s Five Forces Analysis (PFFA) is offered in the study based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry. This analysis helps assess the competition prevailing in the market and devise strategies to gain a competitive edge. Market share analysis provided in the study is based on the industry segmentation. It is valuable as it helps determine how well the players are doing in the market as compared to their competitors.
The sports apparel market report includes the drivers and challenges to explain why the market is growing or slowing down. The increase in disposable income of consumers, the growing number of fitness conscious consumers, and the growing demand for trendy and fashionable sports apparels are driving the growth of the sports apparel market. In addition, the rise in the participation rate of women in fitness and sports are providing opportunities for the prosperity of the sports apparel market. On the other hand, the presence of fake and low-priced products is causing the market to slow down.
A detailed segmentation of the sports apparel market report is provided based on end users, mode of sale, and geography. Based on the end users, the industry is classified as men, women, and kids. The women segment is likely to grow at a CAGR of 5.59% while the kids segment is expected to grow at a CAGR of 8.34% during the forecast period, 2018-2025. Based on the mode-of-sale, the market is segmented into retail stores and online stores. The retail sale segment is likely to grow at a CAGR of 3.07% during the forecast period. The online sale segment garnered $30630.7 million in 2017 and is expected to grow at a CAGR of 9.38% during the forecast period. Based on geography, the sports apparel industry is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The report offers a detailed analysis of the major market players operating in the sports apparel market. An overview of each player is provided along with the insights into their business segments and recent developments. These information help market players gain an understanding of the competitive market scenario and devise strategies to be adopted to gain a competitive advantage. The top market players operating in the global sports apparel market include Nike Inc., Ralph Lauren Corporation, Umbro Ltd., Fila Inc., Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc. and Columbia Sportswear Company.
About Progressive Markets:
Progressive Markets is the answer to every possible business query. It is a market research and business consulting firm, headquartered in India with an aim to deliver up-to-date executive support to foster overall growth of an organization in its domain. With more than 442 syndicated and customized research reports for 14 industry verticals at hand, the plausible resolutions to your business concerns are just one-query away. The company offers client-centric customizations on research reports to cater to their operational segment and geography.
Progressive Markets was found with an initiative to bridge the gap between enterprises and global opportunities. It is driven by the sole motive to build an effective channel to communicate up-to-date qualitative and quantitative market intelligence with all-scale participants. The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
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