Amazon and much more industry are reportedly getting ready to take on sports apparel giants like Nike, Adidas, and Lululemon. According to industry news, the e-retail giant is even working with known sportswear-makers' suppliers and manufacturers to challenge them in an increasingly crowded industry.
Portland, OR -- (SBWIRE) -- 12/08/2017 -- The global Sports Apparel market was valued at $145310.0 million in 2014 and is likely to garner $222549.5 million by 2025, growing at a CAGR of 4.55% during the forecast period according to Progressive Markets report, Global Sports Apparel Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025.
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The report offers an extensive analysis of the global sports apparel market. It incorporates the market size, market share analysis, market drivers and restraints, Porters analysis, market forecast, key market segments, key findings, and key market profiles. The study is a useful source of guidance for industry players, investors, stakeholders, and new entrants as it guides them in making the necessary decisions in surviving in the marketplace and planning business goals wisely. The report divulges information about the rigorous research methodologies used to acquire and validate data. An extensive primary and secondary market research has been adopted for extracting the data.
An executive summary of the global sports apparel market is provided based on the key findings, market attractiveness and trends analysis, and competitive landscape. Market landscape is provided in the study in terms of the growth drivers, Porters Analysis, and market share analysis. The market drivers and restraints help identify the factors impacting the growth of the global sports apparel industry. The Porters Five Forces Analysis (PFFA) is offered in the study based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry. This analysis helps assess the competition prevailing in the market and devise strategies to gain a competitive edge. Market share analysis provided in the study is based on the industry segmentation. It is valuable as it helps determine how well the players are doing in the market as compared to their competitors.
The sports apparel market report includes the drivers and challenges to explain why the market is growing or slowing down. The increase in disposable income of consumers, the growing number of fitness conscious consumers, and the growing demand for trendy and fashionable sports apparels are driving the growth of the sports apparel market. In addition, the rise in the participation rate of women in fitness and sports are providing opportunities for the prosperity of the sports apparel market. On the other hand, the presence of fake and low-priced products is causing the market to slow down.
A detailed segmentation of the sports apparel market report is provided based on end users, mode of sale, and geography. Based on the end users, the industry is classified as men, women, and kids. The women segment is likely to grow at a CAGR of 5.59% while the kids segment is expected to grow at a CAGR of 8.34% during the forecast period, 2018-2025. Based on the mode-of-sale, the market is segmented into retail stores and online stores. The retail sale segment is likely to grow at a CAGR of 3.07% during the forecast period. The online sale segment garnered $30630.7 million in 2017 and is expected to grow at a CAGR of 9.38% during the forecast period. Based on geography, the sports apparel industry is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The report offers a detailed analysis of the major market players operating in the sports apparel market. An overview of each player is provided along with the insights into their business segments and recent developments. These information help market players gain an understanding of the competitive market scenario and devise strategies to be adopted to gain a competitive advantage. The top market players operating in the global sports apparel market include Nike Inc., Ralph Lauren Corporation, Umbro Ltd., Fila Inc., Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc. and Columbia Sportswear Company