The
global sportswear market size is anticipated to reach USD
479.63 billion by 2025 registering a CAGR of 10.4%, according to a new report
by Grand View Research, Inc. The market is driven by rise in demand for
trendy and comfortable sports shoes and clothes. Increasing participation in
sports and fitness activities due to rising awareness about leading a healthy
lifestyle is another major factor driving the market. Fitness activities help
overcome stress related issues, such as obesity, heart diseases, depression,
asthma, and diabetes.
Asian
countries like India and China offer lucrative growth opportunities to
international companies. According to the Indian Union Ministry of Textiles,
India’s textile and apparel exports were valued at Rs.189.56 billion for the
month of November 2018 and it will grow further at a good pace. Improved living
standards, low costs of manufacturing, and increasing disposable income levels
in developing countries are the factors propelling the market in APAC region.
The shoes segment accounted for the largest market share of 65.29% in 2018 and
is projected to maintain the leading position throughout the forecast years due
to rising demand for athletic shoes.
The
clothes segment is expected to register the fastest CAGR from 2019 to 2025.
Technological advancements in sportswear, such as use of reactive materials and
fabrics that monitor heart rate, respiratory activity, and posture, are driving
the growth of this segment. On the basis of end user, the market is segmented
into men, women, and kids. The men segment held the largest market share of
more than 50% in 2018. It is expected to remain the dominant segment throughout
the estimated period. However, the women segment is projected to expand at the
highest CAGR of 10.7% from 2019 to 2025.
For Full Research Report On Sportswear Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/sportswear-market
Further key findings from the study suggest:
- The
clothes product segment is expected to have the highest CAGR of 10.7% over
the next few years
- Online
distribution channel segment is projected to register the fastest CAGR
from 2019 to 2025 due to increasing popularity of e-commerce and number of
smartphone users along with fast-paced lifestyle
- In
addition, heavy discounts and easy refund option offered by online portals
are driving the segment growth further
- North
America was the largest regional market in 2018 and is projected to remain
dominant throughout forecast period
- Leading
companies in the global sportswear market are Nike, Inc.; Adidas AG;
LI-NING Company Ltd.; Umbro Ltd.; Puma SE, Inc.; Fila, Inc.; Lululemon
Athletica Inc.; Under Armour; Columbia Sportswear Company; and Anta Sports
Products Ltd.
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here: https://www.grandviewresearch.com/industry-analysis/sportswear-market/request/rs1
Grand
View Research has segmented the global sportswear market on the basis of
product, distribution channel, end user, and region:
Sportswear Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Shoes
- Clothes
Sportswear Distribution Channel Outlook (Revenue, USD Billion, 2015 -
2025)
- Online
- Retail
Sportswear End User Outlook (Revenue, USD Billion, 2015 - 2025)
- Men
- Women
- Kids
Sportswear Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Central
& South America
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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