Sports Apparel Market to Show USD 195.4 Billion Value by 2023 End

GLOBAL SPORTS APPAREL MARKET was valued at USD 144.74 Billion in the year 2017. Global Sports Apparel Market is further estimated to grow at a CAGR of 5.13% from 2018 to reach USD 195.4 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At the country level, developed markets like China as well the emerging markets like India with highest population base holds the notable market share in 2017 and it is projected to grow strongly in the coming years.

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Nike Inc. (U.S), Adidas Group (Germany), PUMA SE (Germany), Fila Inc. (South Korea), Umbro International (U.K), BasicNet S.p.A. (Kappa) (Italy), Ralph Lauren Corporation (U.S), Converse (U.S) are some of the key players in the Sports Apparel market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

• Increasing consciousness about the fitness

Restraints:

• Availability of low quality

Opportunities:

• Increasing involvement of women’s in games and fitness

Challenges:

• Increasing number of fake products

The Global Sports Apparel Market is segmented by user, by platform, by region in projected years. Amongst various platform segment, online stores are expected to hold the highest market share and is expected to grow at the highest CAGR during the year 2018-2023.

Key Benefits for Stakeholders

• Sports Apparel Manufacturers, Distributors and Retailers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.

By User

• Kids
• Men
• Women

By Platform

Online Stores

Retail Stores

• Factory/Brand Outlets
• Supermarket
• Showrooms

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Nike Inc. (U.S)
• Adidas Group (Germany)
• PUMA SE (Germany)
• Fila Inc. (South Korea)
• Umbro International (U.K)
• BasicNet S.p.A. (Kappa) (Italy)
• Ralph Lauren Corporation (U.S)
• Converse (U.S)

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