Pune, India -- (SBWIRE) -- 01/11/2019 -- Market Scenario: -
Distinctive sport-specific garments comprising of t-shirts tracksuits, shorts, and polo shirts. Specialized garments consist of swimsuits for swimming purpose, wet suits for surfing or diving, ski suits for skiing as well as leotards for gymnastics. Sports footwear covers riding boots, trainers, football boots, and ice skates. Sportswear also includes bikini and some undergarments like jocks trap as well as sports bra. Sportswear is also sometimes worn as casual fashion clothing.
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The rise in demand for comfortable and advanced sports apparel globally is driving vendors to introduce new product lines of sports apparel made of innovative high-quality fabrics. Key factor emerging in this market is the introduction of high-tech fabrics. Changing fashion trends and rising health consciousness are expected to drive the market over the forecast period. This market has witnessed substantial growth owing to escalating health awareness as well as growing fitness activities like running, swimming, yoga and aerobics between consumers. Availability of counterfeit and less quality products has restricted the growth of the global sports apparel market. Whereas, high sports apparel costs owing to huge investments in R&D may hamper the market growth in the future. Evolving of newer fabrics with superior properties merged with apparels by means of increased functionality promise massive opportunities to the industry participants. However, the sports apparel market for the aging population as well as women is currently less, it promises ample opportunities for the industry participants to capture this previously untapped market.
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Key players: -
- Adidas AG
- Nike Inc.
- Amer Sports Corporation
- Billabong International Limited
- Everlast Worldwide Inc.
- Blacks Leisure Group Plc
- Gap Inc.
- Columbia Sportswear Company
- Banana Republic
- Jockey International
Sports apparel market segmentation: -
By end user: -
By distribution channels: -
- Retail stores
- Brand outlets
- Discount stores
- Online stores
By geography: -
- North America
- Asia Pacific
The global sports apparel market is segmented on the basis of end-user, distribution channels and geography. Based on end-user the market is segmented into men, women and kids. Based on mode of sale such as retail stores, supermarkets, brand outlets, discount stores and online stores. According to the Retail type, the market is divided into brand outlets, supermarkets and discount stores segments. Moreover, it is based on geography covering North America, Europe, Asia-Pacific, LAMEA.
Regional analysis: -
APAC's retail sports apparel market is expected to grow at a considerable rate among all the regions during the forecast period. The apparel industry is expected to outspread its existence with quickly growing markets, with countries covering India, Indonesia, and Vietnam providing significant potential for global and regional sporting apparel brands. Aging demography in many regions such as North America and Europe is expected to hamper the regional market growth.
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