Sports Apparel Market Playing Significant Growth During 2031

Fact.MR’s new study reveals that the global sports apparel market is set to expand at an impressive CAGR of 5.6% between 2017 and 2024, to surpass a valuation of US$ 204,500 Mn. Increasing health awareness and evolving lifestyle of consumers is expected to play an important role in driving the growth of the market in the forthcoming years. Greater emphasis on physical fitness and healthy living continue to inspire individuals to get enrolled in sporting activities, which concurrently influencing the global demand for sports apparels.

At the same time, this is creating opportunities for manufacturers to introduce a wider-range of apparels that are more specific to wearer’s requirement. Consumers are inclining towards apparels that offer high comfort and are fashionable. Most professional athletes and amateur sports players are unwilling to compromise on style and design of apparels. Moreover, apparels make a significant impact on the overall performance of athletes during games and even in training sessions. The aforementioned factors are expected to influence the global sport apparel market over the next couple of years.

The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Sports Apparel Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Sports Apparel Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.

After reading the Sports Apparel Market report, readers get insight into: 

• Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
• New, promising avenues in key regions
• New revenue streams for all players in emerging markets
• Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
• Demand and uptake patterns in key industries of the Sports Apparel Market
• New research and development projects in new technologies in key regional markets
• Changing revenue share and size of key product segments during the forecast period 2024 to 2031
• Technologies and business models with disruptive potential 

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The global Sports Apparel Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Some important questions that the Sports Apparel Market report tries to answer exhaustively are: 

• Key strategic moves by various players in the Sports Apparel Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
• Which strategies will enable top players in the Sports Apparel Market to expand their geographic footprints
• Which new business models are expected to change the course of growth of key regional markets in near future
• Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
• Which products segments have in recent years have seen new, lucrative application areas

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 2024, 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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