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Sports Apparel Market
The Sports Apparel Market is expected to expand at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Sports Apparel Market includes rise in the number of sporting events around the world, increasing incidences of diabetes and obesity, growing consumers inclination towards adopting healthy lifestyles. According to the report published by National Library of Medicines, around 38% of the world’s adult population will be overweight and 85% of the adults in the United States are estimated to come under the category of overweight or obese by the end of 2030, which will boost Sports Apparel Market Share in the approaching years. Moreover, increasing number of gyms, Zumba center and fitness clubs, growing popularity of sports apparel amongst millennials and rise in female’s participation in the sporting activities, are some of the additional factors supplementing the Global Sports Apparel Market size. In addition, the increasing investments by companies on marketing on football and cycling wear products, easy availability of sports apparels on e-commerce platforms and aggressive social media campaign for promoting sports apparels, are further propelling the Global Sports Apparel Market.
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However, the growth of Sports Apparel Market is hindered attributed to increasing number of counterfeit products.
The major players operating in the market are Lululemon Athletica Inc., New Balance Athletic Inc., Columbia Sportswear Company, Adidas AG, Nike, Inc., Puma SE, Umbro International, Fila Holdings Corp., Under Armour Inc and Ralph Lauren Corporation, among others.
Distribution Channel: Segment Analysis
Based on Distribution Channel, the E-commerce is projected to grow at a remarkable CAGR over the forecast period. Rapid growth in the E-commerce industry across the globe, increasing internet penetration rates and huge discounts offered by e-commerce platforms, are some of the factors responsible for the growth of the segment.
End User: Segment Analysis
Based on End-User, the Women segment is anticipated to expand at a robust CAGR during the forecast period. The innovation in female sports wear products, rise in woman’s participation in the workforce and increasing number of sporting events around the world, are some of the key factors augmenting the segment’s growth.
Regional: Segment Analysis
According to the Sports Apparel Market Research, the North American region is estimated to capture a sizeable market share over the forecast period. High Government expenditure on promoting sporting activities, increasing number of gyms and fitness clubs, high per capita incomes, and improved living standards, are some of the important factors accelerating the Sports Apparel Market Growth in North America.
Market Segmentation
Segmentation by End Use
Children
Men
Women
Segmentation by Distribution Channel
E-commerce
Supermarket/Hypermarket
Brand Outlets
Discount Stores
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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