Learn details of the sports apparel market to hit US$ 195.4 billion by 2023

The Global Sports Apparel Market represents its costing, production, scope to increase its demand by 2023 year. The Report is based on Global key findings, Regional analysis, Growth factors and others. The Report Sports Apparel Market helps to fasten the business across the globe and provides in-depth information.

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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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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