Increased Participation Of People In Sports Due To Media Coverage Of Sports Events Will Aid In The Growth Of The Sports Apparel Market
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According to MarketIntelReports' “Global Sports Apparel Market Research Report 2017”:
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The demand for the Sports Apparel Market is driven by health awareness and fitness activities such as swimming, aerobics, yoga, and running, among people. Increasing participation of women in sports propels the growth of the sportswear.
Athletic clothing consists of hoodies, T shirts, shorts, and tracksuits. It is designed to be light weight and equipped with thermal properties to allow the person to feel warm in cold weather conditions and vice versa.
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The workout clothes are available in different fashionable designs. Increasing disposable income and female participation are also responsible for the growth of the market.
Scope & Regional Forecast of the Sports Apparel Market
North America dominated the Sports Apparel Market in 2014. Asia Pacific is expected to be the leading generator for the revenue in athletic outfits by 2020.
This is due to the growing disposable income and improving living standards in China and India. But low quality products inhibit the growth of the market.
Research on developing new fabrics with excellent properties along with apparels boosts the demand for the sportswear apparel. The market for the ageing population is quite small.
But there are many opportunities for industry participants to make use in the market.
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Increased participation of people in sports due to the media coverage of the sports events will further strengthen the need for sports apparel jerseys. Emerging countries as well as well developed countries have a lot of growth potential in the Sports Apparel Market.
The men segment dominates the market more than the women segment.
The retail segment occupied a major share of the gear sports apparel in 2014. Many companies have opened retail stores in developing economies to expand their customer base.
Segmentations & Key Players Involved in the Sports Apparel Market
The Sports Apparel Market can be broken down into various segments as follows:
- Region- North America, Europe, and Asia Pacific.
Some of the key players involved in the Sports Apparel Market are as follows:
- Ralph Lauren Corporation
- Athletica Incorporation
- Columbia Sportswear Company
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