According to a new report published by Allied Market Research, titled, “Sports Apparel Market by End User and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018-2026,” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
The Global sports apparel market size was valued at $167.7 billion in 2018 and is estimated to reach $248.1 billion by 2026, registering a CAGR of 5.1% from 2019 to 2026.
Surge in health awareness, adoption of fitness activities including aerobics, running, swimming, and yoga among consumers, and increase in participation of women in sports as well as fitness activities drive the growth of the global sports apparel market. By end-user, the men segment garnered the largest share in 2018. On the other hand, by geography, Asia-Pacific would remain lucrative through 2026.
The sports apparel market has witnessed significant growth over the years and is expected to grow at a steady pace during the forecasted period. The factors that drive the sports apparel market growth include growth in health awareness and increase in adoption of fitness activities such as aerobics, swimming, running, and yoga among consumers. Moreover, rise in participation of women in sports and fitness activities along with celebrity endorsement has paved the way for sports apparel.
Based on end user, the men segment held nearly half of the total market revenue in 2018, and is projected to rule the roost by the end of 2026. At the same time, the women segment would manifest the fastest CAGR of 5.6% during 2019–2026.The children segment is also analyzed in the market report.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/711
Based on distribution channel, the discount stores segment contributed to nearly one-third of the total market share in 2018, and is expected to dominate throughout the forecast period. Simultaneously, the e-commerce segment would portray the fastest CAGR of 5.9% during the study period. The other segments assessed in the report take in supermarket/hypermarket, and brand outlets.
Based on region, the Asia-Pacific generated the major share in 2018, accounting for nearly one-third of the global market. This region would also grow at the fastest CAGR of 6.8% throughout the estimated period. The other regions discussed in the report include North America, Europe, and LAMEA.
The key market players analyzed in the global sports apparel market include Nike, Inc., Columbia Sportswear Company, Under Armour, Inc., New Balance Athletic Shoe, Inc., Puma SE, Fila, Inc., Adidas AG, Lululemon Athletica Incorporation, Ralph Lauren Corporation, and Umbro Ltd. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their stand in the industry.
Key Findings of the Sports Apparel Market :
• The sports apparel market was valued at 167.7 billion in 2018 and is estimated to reach $248.1 billion by 2026, growing at a CAGR of 5.1% through the forecast period.
• Based on end user, the women segment would witness the fastest growth, registering a CAGR of 5.6% during the forecast period.
• In 2018, based on end user, the men segment held the highest share, accounting for more than half of the global market share.
• In 2018, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
• North America was the dominant region in 2018, accounting for more the one third of the global sports apparel market share.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/711
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact us:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022|
UK: +44-845-528-1300 |
Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060 |
Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com