The Growth of Sports Compression Clothing market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Globally, cycling and running remain the most preferred outdoor activities, and participation in these activities has been observed to be rising in the recent years. High potential countries like China, India and South Korea among others have seen a significant uptick in sports and outdoor activity participation rates.
Cycling and running has shown more than 3% annual increase with significant spending on sports compression clothing. These factors have positively impacted the sports compression clothing market, which is expected to grow at CAGR of around 6% during the forecast period.
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Established Regions to Remain Investment Hot Spots for Sports Compression Clothing Manufacturers
North America and Europe account for more than 60% of demand for sports compression clothing. While new potential consumers in these regions remain low, the established demand for sports compression clothing has been one of the primary drivers for manufacturers to invest in quick returns.
Domestic sports compression clothing manufacturers like Virus Performance, MudGear and Pacterra Athletics have shown focus on domestic demand to expand their brand presence in sports compression clothing market. As demand for sports compression clothing in other regions has been low, these established regions are expected to remain lucrative for mid-term investments.
Substantial Increase in Women Participants Driving Demand for Sports Compression Clothing
Women participation rate has seen a significant surge in sports like cycling, tennis, and triathlons among others. The annual increase in women participation has been estimated to be growing at nearly 1%. The growth of total women participants in sports has subsequently shown to increase the demand of supportive equipment like sports compression clothing.
This uptick in demand for sports compression clothing has primarily shown focus on compression tops. Compression tops segment is expected to be the fastest growing product type in sports compression clothing market, and is expected to grow 1.9X times by 2029 from 2019.
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The Sports Compression Clothing market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
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- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The Sports Compression Clothing market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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