Genesis Market Insights prepared a Published Industry Report Sports Apparel Market. Report consistently helps to increase the business costing for the global clients. The Sports Apparel Market Report is beneficial to execute marketing strategy and decision making. The Global based research report can produce better results and reduce the business weaknesses.
GLOBAL SPORTS APPAREL MARKET was valued at USD 144.74 Billion in the year 2017. Global Sports Apparel Market is further estimated to grow at a CAGR of 5.13% from 2018 to reach USD 195.4 Billion by the year 2023.
North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At the country level, developed markets like China as well the emerging markets like India with highest population base holds the notable market share in 2017 and it is projected to grow strongly in the coming years.
Nike Inc. (U.S), Adidas Group (Germany), PUMA SE (Germany), Fila Inc. (South Korea), Umbro International (U.K), BasicNet S.p.A.
(Kappa) (Italy), Ralph Lauren Corporation (U.S), Converse (U.S) are some of the key players in the Sports Apparel market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Increasing consciousness about the fitness
Availability of low quality
Increasing involvement of women’s in games and fitness
Increasing number of fake products
The Global Sports Apparel Market is segmented by user, by platform, by region in projected years. Amongst various platform segment, online stores are expected to hold the highest market share and is expected to grow at the highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Sports Apparel Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Key Market Players
1 Nike Inc. (U.S)
2 Adidas Group (Germany)
3 PUMA SE (Germany)
4 Fila Inc. (South Korea)
5 Umbro International (U.K)
6 BasicNet S.p.A. (Kappa) (Italy)
7 Ralph Lauren Corporation (U.S)
8 Converse (U.S)
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