Sports Apparel Market || 2024-2031
Sports Apparel Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Sports Apparel market. The report employs Porter’s Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.
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What is the projected growth rate (CAGR) of the Global Sports Apparel market from 2024 to 2031?
The Global Sports Apparel Market is estimated to reach a CAGR of 5% during the forecast period 2024-2031.
What is Sports Apparel Market?
The Sports Apparel market focuses on clothing designed for athletic activities and physical exercise, including items like sportswear, activewear, and footwear. This market is driven by the growing awareness of fitness and wellness, rising participation in sports and outdoor activities, and a shift towards a more active lifestyle among consumers. Key trends include the increasing demand for performance-enhancing fabrics, such as moisture-wicking and breathable materials, as well as the popularity of athleisure, which combines comfort and style for everyday wear. Additionally, advancements in technology, such as wearable fitness trackers integrated into apparel, are shaping the market. The influence of social media and celebrity endorsements further boosts consumer engagement and brand loyalty, leading to continued growth in the sports apparel sector.
Growth Driver
Growing Interest in Sports Careers Fuels Sports Apparel Market Growth
The increasing interest among the population in pursuing various sports as a career presents significant growth opportunities for the sports apparel market. Recent studies indicate that the global sports market was valued at approximately $471 billion in 2018, a substantial increase from $324 billion in 2011. The United States accounted for 32.5% of the global sports market in 2018, with the North American sports industry valued at around $71.06 billion that year. Projections suggest that this figure will rise to $83.1 billion by 2023.
The sports industry comprises several categories, including gate sales, broadcast rights, sponsorships, and merchandise. As the number of sports markets expands across different regions, the demand for sports apparel is expected to grow correspondingly, driven by the rising popularity of sports and athletic careers. This trend highlights the robust potential for growth in the sports apparel sector as consumer interest and participation in sports continue to thrive.
Key Players:
Profiles of some of the major players in the global Sports Apparel market, which include ADIDAS AG, SKECHERS USA, INC, Nike, Inc, YONEX Co., Ltd, Columbia Sportswear Company, ASICS Corporation, FILA Luxembourg S.a.r.l, PUMA SE, Jockey, Brooks Sports, Inc and among others.
Industry Development:
In October 2020, Columbia Sportswear Company, a leader in apparel and footwear innovation, introduced its new Omni-Heat Black Dot technology. This cutting-edge development is the outdoor industry’s first external thermal shield, designed specifically to protect wearers from cold temperatures, enhancing comfort and performance in outdoor activities.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Sports Apparel market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Material: Synthetic, Natural.
By Type of Print: Water-Based, Silicone Emboss, Reflective Transfer, Pigment, High Density, Glitter, Cracking Ink, Others.
By Distribution Channel: E-commerce, Supermarket/Hypermarket, Brand Outlets, Discount stores, Others.
By End-Userl: Men, Women, Children
Regional Break out:
☞ North America – US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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