Sports Apparel Market to Reach USD 28.77 Bn by 2029, emerging at a CAGR of 6.7 percent and forecast 2022-2029

Sports Apparel Market Report Scope:

Our comprehensive report offers an in-depth analysis of the global sports apparel market, providing valuable insights into opportunities, challenges, market trends, and a visually engaging presentation. The research methodology incorporates rigorous secondary research, expert interviews, and a detailed analysis of financial data from trusted industry sources.

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Sports Apparel Market Research Methodology:

The shift in marketing from assets to influencers is an opportunity for digital to pay off. Traditionally, digital marketing has focused on high-exposure assets (for example, club, league, or event sponsorships). With sporting events being canceled, postponed, or held in empty stadiums, and consumers spending more time online, participants in the athletic goods industry must go digital. Furthermore, in order to boost awareness, credibility, and engagement, businesses must increasingly work directly with individual athletes as influencers, who have a much bigger reach than events or groups. Companies must ensure that their messages are compatible with these principles because athletes are role models and customers expect them to take a stand on topics that are important to them.

What are Sports Apparel Market Dynamics:

Unfortunately, there is already a link between economic status and physical activity, with less-affluent households exercising less. The crisis will push more households into lower-income brackets, exacerbating the gap in physical activity. As a result, the sports products industry should adopt a multi-stakeholder strategy to overcome physical inertia, especially among underprivileged communities. Sporting goods have grown in popularity as consumers become more health-conscious. Sustainability has become a more important consumer concern, and firms have responded by developing more environmentally friendly products, a trend that has been accelerated by the epidemic. Businesses must now ensure long-term supply networks. Companies must embrace fresh concepts such as direct-to-consumer circularity because recycling is likely to be a bottleneck.

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What is Sports Apparel Market Segmentation:

by Product

Top Wear
Bottom Wear
Support items

by End-use

Men
Women
Children

by Distribution Channel

Online
Offline

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Who are Sports Apparel Market Key Players:

1. Nike Inc.
2. Fila
3. Lululemon Athletica Inc.
4. New Balance
5. Under Armour Inc.
6. Columbia Sportswear Company
7. Puma Se
8. Adidas AG
9. Umbro
10. Ralph Lauren Corporation
11. Anta International Group Holdings Ltd.
12. Li Ning Company Limited
13. VF Corporation
14. Jockey
15. Lotto Spa
16. Everlast Worldwide, Inc.
17. Brooks Sports, Inc.
18. Diadora S.p.A.
19. Million Special Industries Co. Ltd.

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Table of content for the Sports Apparel Market includes:

Sports Apparel Market : Research Methodology
Sports Apparel Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Sports Apparel Market : Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4.Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Sports Apparel Market Regional Insights:

North America: The United States is expected to be a USD 62.4 billion market in 2022, driven by the growing focus on active lifestyles and fitness. Other notable markets include Japan and Canada, with expected growth rates of 3.2% and 3.3%, respectively.

Europe: Germany is set to expand at a CAGR of around 3.9%, while the region is expected to experience steady growth.

Asia Pacific: The region is anticipated to have the highest CAGR of 6.73% during the forecast period. India and China, with their rapidly growing young populations and increased disposable income, are leading the demand for sports apparel. China dominates the Asia Pacific market and is projected to reach a market size of USD 32.6 billion by 2027, with a CAGR of 7.1%.

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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