Monday 19 August 2019

Sports Apparel Market New Strategic Moves of Industry Experts- NIKE Inc., Adidas AG, PUMA SE, Under Armour Inc., SKECHERS USA

Sports apparel market is significantly influenced by rising consciousness among modern consumers regarding their physical fitness & appearance. As consumers get motivated to take up various physical activities such as swimming, aerobics, yoga and running among others. sports apparel sales are expected to spur significantly.

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Meanwhile, desires to maintain a sporty look and follow the latest fashion trends is further driving developments in the sports apparel market. This is further creating opportunities for sports apparel brands to introduce stylish and attractive sports apparels that complement the wearer’s physical attributes, giving him/her a more dynamic overall look. In recent years, players in sports apparel market have started paying greater attention to innovation in design of apparels owing to their increasing role in improving the athletes’ overall performance level. Factors as such are reflecting favorably on the growth of the sports apparel market.

As per the latest report published by Fact.MR, the global sports apparel market is projected to reflect an above-average CAGR during the forecast period (2017-2022), to reach a valuation in excess of US$ 204,500 Mn. Sports apparel market report further opines that products that are created by infusing leading-edge fashion, and sports technology are more appealing to the consumers, as they are not only comfortable to wear but highly durable as well.

North America – Largest Market for Sports Apparel

North America is expected to remain a lucrative region for growth of the sports apparel market strong throughout the forecast period (2017-2022). In terms of revenue, the region is expected account for a significant share of the global sports apparel market in 2017 and beyond.

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The sports apparel market in North America is projected soar at an Impressive CAGR of 5.5% between 2017 and 2022. In addition, region’s sports apparel market is estimated to surpass a valuation of to US$ 64,880 Mn in by 2022-end.

Tops & T-Shirts - Highest Selling Sports Apparel

Tops & t-Shirts will continue to outsell other types of sports apparel during the forecast period. Global sales of top & t-shirts currently represent close to one-fourth share of the global sports apparel market in terms of revenue. Towards the end of the forecast period, more than US$ 45,400 Mn worth sports apparel are estimated to be sold globally.

Competition Tracking

Fact.MR’s report offers comprehensive information on top companies that are likely to contribute to the expansion of global sport apparel market through 2022, which include NIKE, Inc., Adidas AG, PUMA SE, Under Armour, Inc., SKECHERS USA, Inc, ASICS Corporation, Fila Korea Co Ltd., Columbia Sportswear Company, Lululemon Athletica, Inc., and Yonex Co., Ltd.

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