Consumer Goods & Retailing
Global Sports Apparel Market 2023-2027
Global Sports Apparel Market 2023-2027
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Global Sports Apparel Market 2023-2027
The sports apparel market is forecasted to grow by USD 75.6 bn during 2022-2027, accelerating at a CAGR of 6.82% during the forecast period. The report on the sports apparel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product premiumization due to the introduction of more innovative sportswear, rising number of sports tournaments, and surge in wellness initiatives and sports tournaments by governments and corporates.
Technavio's sports apparel market is segmented as below:
By End-userMenWomenChildrenBy Distribution ChannelOfflineOnlineBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the technological advancements in sports apparel as one of the prime reasons driving the sports apparel market growth during the next few years. Also, advent of customized and personalized sports apparel and increasing online sales will lead to sizable demand in the market.
The report on the sports apparel market covers the following areas:Sports apparel market sizingSports apparel market forecastSports apparel market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sports apparel market vendors that include Adidas AG, ASICS Corp., Berkshire Hathaway Inc., Columbia Sportswear Co., Decathlon SA, Fila Holdings Corp., Group Rossignol USA Inc., Hanesbrands Inc., Iconix International, K Swiss Inc., Levi Strauss and Co., Li Ning Co. Ltd., lululemon athletica Inc., Mizuno USA Inc., New Balance Athletics Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., Under Armour Inc., VF Corp., and Yonex Co. Ltd. Also, the sports apparel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.