Sports Equipment and Apparel Market Emerging Trends and Competitive Landscape Forecast 2017-2023 | Leading Players are Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation

Overview of Sports Equipment and Apparel Market
According to a new report titled, Sports Equipment and Apparel Market By Product, Sports, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 20172023," the global sports equipment and apparel market was valued at $384,562 million in 2016, and is expected to reach $ 619,279 million by 2023, registering a CAGR of 7.1% from 2017 to 2023. North America dominated the global sports equipment and apparel market in 2016, accounting for one-third share of the total revenue.

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Sports equipment are utility devices or tools useful for engaging in sports activity. Similarly, sports apparel is useful for boosting the sports performance with required comfort.

Increase in fitness consciousness among consumers and rapid rise in per capita disposable income are expected to boost demand for sports equipment and apparels. In addition, trend of sports apparel among young sports enthusiasts and advancements in formulation of sports equipment fuel the market growth. However, decline in participation of the young generation in sports activity hampers the market growth. Moreover, increase in interest of consumers in leisure activities other than sports such as movies, musical concerts, virtual gaming, and others restrains the growth of the market. Conversely, increase in participation of various organizations in donation of these equipment and apparel to emerging sport enthusiasts and athletes with poor financial background is anticipated to provide lucrative opportunity for the market. For instance, Sports Gift, Lets Play It Forward, Global Sports Foundation, and One World Play Project are some of the well-known organizations that support the sports equipment donation process. Thus, rise in distribution of sports equipment and apparel through online retail platform is anticipated to boost the market growth in near future.

The Major players reported in the market include:
Major players in sports equipment and apparel market are Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation, ASICS Corporation, Sports Direct International Plc., and V.F. Corporation New Balance, Inc.

KEY BENEFITS
The study provides an in-depth analysis of the Sports Equipment and Apparel market along with current and future trends to elucidate the imminent investment pockets.
The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
Porter's Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.
The quantitative analysis of the market during the period of 2014-2022 is provided to elaborate the market potential.

KEY MARKET SEGMENTS:
By Product
-Equipment
-Apparel & Shoes

By Sports
-Bike
-Outdoor
-Tennis
-Other Racket Sports
-Running
-Fitness
-Football/Soccer
-Other Team Sports
-Winter Sports
-Watersports
-Others

By Distribution Channel
-Online
-Offline

By Geography
North America
Europe
Asia Pacific
Central & South America
Middle East and Africa

TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD SPORTS EQUIPMENT AND APPAREL MARKET, BY END USER
CHAPTER 5 WORLD SPORTS EQUIPMENT AND APPAREL MARKET, BY APPLICATION
CHAPTER 6 WORLD SPORTS EQUIPMENT AND APPAREL MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES

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This release was published on openPR.