Consumer & Luxury Goods Market Research News

Sports apparel market expected to reach USD 195.4 billion by 2023 examined in new market research report

Consumer Market Research

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 Make an Inquiry about this news 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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Drivers:

             Increasing consciousness about the fitness

Restraints:

             Availability of low quality

Opportunities:

             Increasing involvement of women’s in games and fitness

Challenges:

             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

End-use industries

Regulatory bodies, policy actors, and consumers.

By User

Kids

Men

Women

By Platform

Online Stores

Retail Stores

      Factory/Brand Outlets

      Supermarket

      Showrooms

By Region

North America

Europe

Asia-Pacific

RoW

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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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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