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Global Sportswear Market to reach USD 103.6 billion by 2025.
Global Sportswear Market valued approximately USD 71 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.83% over the forecast period 20182025. The major driving factor of global sportswear market are rising disposable income of the individuals, popularity of outdoor recreation, increase in number of yoga participants, surge in fitness club members and constant demand in professional sports. The rise of ecommerce which has increased the online penetration of sportswear products worldwide boost the growth of sportswear in the market across all over the world. The major restraining factor of global sportswear market is counterfeit Products, increase in labor cost and low negotiation power of purchasers. The Combination of Fashion and sportswear is the present day of the sportswear market considering the global scenario. The Sportswear are mainly worn during any physical exercise or sports which provide the individual comfort and ease. The Sportswear precisely includes Hoodies, Shorts, Tracksuits, tennis shirts, Shoe, Polo shirts and others which are worn by every player playing professional sports and individual involved in a form of physical activities. There are various benefit of global sportswear such as it improves performance, it helps to keep the muscles more stable and provides support to your joints, wearing sportswear has the additional benefit of warming you up much faster and improves blood circulation.
The regional analysis of Global Sportswear Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region has accounted the largest share in the global sportswear market in 2018, due to large population base, increasing disposable income coupled with rising health consciousness across the region. North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 20182025, due to increase in growth of the overall economy.
The objective of the study is to define market sizes of different segments countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015, 2016
Base year 2017
Forecast period 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Nike, Adidas, Under Armour, Puma, Columbia, ASICS, Patagonia, Marmot, The North face, Burton, Volcom, Montbell, Obermeyer and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Sportswear Market in Market Study:
Key Consulting Companies Advisors
Large, mediumsized, and small enterprises
ValueAdded Resellers VARs
Thirdparty knowledge providers
Original Article: Global Sportswear Market Size study, by Product Hats, Upper Garment, Skirts, Others, by Application Professional Athletic, Amateur Sport and Regional Forecasts 20182025 [Report Updated: 17122018] Prices from USD $3950NEXT ARTICLE
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