Allied Market Research

Sports and Fitness Clothing Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

 

Portland, OR -- (SBWIRE) -- 06/13/2017 -- Individual and team sports and fitness activities are on the rise, globally. The trend towards healthier habits, emergence of new sports, adoption of an active lifestyle, increasing incomes in developing countries and popularity of physical fitness activities amongst women are factors driving the sports and fitness clothing market. The growing trend of casual wear in the workplace and rising demand from teenagers also serve to fuel market growth. The growing emphasis on product performance and comfort is also a driving force of the industry; it has contributed to the rising demand for premium, high quality sportswear that is also fashionable. In order to design new styles of clothing and widen their product lines, sports clothing companies are collaborating with fashion designers. This has led to a number of mergers and acquisitions in the market. Friction reduction, lightness, stretching ability, water resistance and temperature regulation are some innovations in fabrics, which will influence the market.

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Intense competition from industry frontrunners, constantly evolving fashion trends and price sensitivity of shoppers are challenges faced by players in this market.This market is categorized into two segments: sports apparel and fitness clothing. Each segment has a different target market. According to global industry analysts, the U.S. sports and fitness clothing market is the largest in the world. Geographic segmentation in the report includes market value and volume for key countries in North America, Europe, Asia-Pacific and LAMEA. Key players in the global sports and fitness market include Adidas, Nike, Reebok International Ltd., Puma, ASICS Corp., VF Corp., Benetton Group, Hanes Brand, Billabong International Ltd. and Under Armour.

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MARKET SEGMENTATION
The market is segmented by product type and geography.

MARKET BY PRODUCT TYPE

-Sports Apparel
-Fitness Clothing

MARKET BY GEOGRAPHY

-North America
-Europe
-Asia Pacific
-LAMEA

KEY PLAYERS

-Adidas
-Nike
-Reebok
-Puma
-ASICS Corp.
-VF Corp.
-Benetton Group
-Hanes Brand
-Billabong International Ltd.
-Under Armour