Global Sports Apparel Market 2019 Swot Analysis, Top Key Vendors, Segmentation, Opportunities And Forecast To 2025
Wiseguyreports.Com Adds “Sports Apparel – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025” To Its Research Database.
Sportswear is essential because for sportspersons as these apparels are highly comfortable and help the person perform better. Sports apparels are better at absorbing sweat as compared to normal clothes. The sports and fitness wear are also important as they help a person to move easily. The material used to manufacture sports apparel is highly skin-friendly and soft. Sportswear won’t injure your skin because by wearing adequate sportswear, you are actually avoiding friction between your skin and your clothes. Growing health consciousness among people and improving fashion trends are anticipated to drive the global sports apparel market.
Drastic transitions in consumer tastes and lifestyles have encouraged people to opt for comfortable and durable sports apparel. This shift in trend is supposed to strengthen the global sports apparel industry. Innovative marketing strategies coupled with efficient marketing & advertising and enhanced brand positioning are some factors that may support the market growth. Further, the improved functionality of sportswear and superior properties of the fabric are supposed to bolster the global market expansion. Increased participation in sports-related activities due to global media coverage of important sports tournaments is anticipated to further support the market.
Growing women’s involvement in sports and fitness-related activities is foreseen to impact the women’s sportswear demand during the forecast period. Also, the increase in disposable income levels, particularly in the developing countries and rising health awareness among people is expected to positively impact the global sports apparel market. However, the increased prices of sports apparel due to the high investments in R&D and product innovation activities may impede market growth. Research on inventing newer fabrics and designing high-quality apparel with superior properties coupled with the improved functionality of the clothing offers a broad range of opportunities to the industry participants.
Major Players in Sports Apparel market are:
Nine West Holdings
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As per the market research, the global sports apparel market can be analyzed on the basis of major product types, downstream fields, the prominent market players, and regional markets.
Major downstream fields-
Men’s Sports Apparel
Women’s Sports Apparel
Kids’ Sports Apparel
Based on the regions, the global sports apparel market can be segmented into-
The Middle East and Africa
Nowadays, sports outfits are easily available in retail stores, brand outlets, supermarkets, supermarkets, and online stores. Various Prominent manufacturers from the sports apparel industry have shifted their focus towards research and innovation in costume designs owing to their rising significance for enhancing the athletes’ performance. This fact confirms the growth of the sports apparel market during the forecast period.
North America is considered as a dominant market for sports apparel. The U.S. is the main country driving product demand in the North American region. The Asia Pacific region is rich in sports. People residing in countries like India, China, and Japan are highly involved in sports-related activities. Also, a lot of international sports tournaments are organized in these countries, which in turn enhances the demand for efficient sportswear. Emerging and developed countries are expected to offer promising opportunities to the market players operating in the sports apparel market. Factors like increased health awareness, surging disposable income, and modifications in lifestyles are expected to boost the product demand globally.
Dick’s Sporting Goods, one of the leading athletic retailers has recently launched its new range of sporting apparel. The brand considers it as an opportunity to serve more number of athletes by designing high-quality products at a value that suits to everyone. The brand owner announced that the brand DSG was established with a purpose to operate efficiently in the sports equipment industry and has got something to offer every athlete, no matter their financial capabilities, size, skill, age or budget.
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