Rising at 5.1% CAGR, Sports Apparel Market Size to Reach $248.1 …

Sports-Apparel-Industry

Sports-Apparel-Industry North America was the dominant region, accounting for more than one third of the global sports apparel market share. PORTLAND, OREGON, UNITED STATES, March 28, 2023 /EINPresswire.com/ — 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 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.

Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/711 In 2018, the men end user segment accounted for more than half of the share in the total sports apparel market and is expected to grow at a CAGR of 4.6% throughout the forecast period. U.S. is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2018.

Sports apparel are mainly worn during workout sessions or while playing sports. They are designed to provide comfort and agility while performing physical movements. Sports apparel are made using breathable fabrics that allow sweat to evaporate faster, helping the person wearing it remains fresh for long.

Polyester, microfiber, calico, and spandex are some of the most commonly used fabrics in the production of these clothing. Initially, the sports apparel was mostly worn by athletes but, with time, it has become quite common with regular gym-goers and other non-athletes. 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. Additionally, increase in disposable income and improvement in living standards in the emerging countries such as China and India along with rise in affinity of consumers in emerging economies toward health and fitness further boost the demand for fitness apparel.

However, availability of low quality and counterfeit products and fluctuations in the prices of raw materials used to make these apparels restrain the market growth. On the contrary, growth in demand for trendy and fashionable sports apparel and increase in popularity of sports apparel among children are anticipated to provide lucrative growth opportunities for the sports apparel industry. The report segments the global sports apparel market on the basis of end user, distribution channel, and region.

On the basis of end user, the market is divided into children, men, and women. Based on distribution channel, it is segmented into E-commerce, supermarket/hypermarket, brand outlets, and discount stores. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

According to the sports apparel market analysis in 2018, the men end user segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to higher participation of men in sports. However, the women end user segment is expected to grow at the highest CAGR throughout the forecast period.

This is due to growing participation of women in sports coupled with increased frequency of product launch, which directly caters the demand for women’s apparel. Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/711 In 2018, discount store was the most prominent segment accounting for maximum share in the global sports apparel market.

This can be attributed to the beneficial options such as discounts and trial before purchase as well as the benefit of immediate gratification. However, the e-commerce segment is expected to witness the highest growth, owing to increase in penetration of internet and online shopping. Based on the sports apparel market forecast, U.S. accounted for the maximum share in the global market in 2018 and is expected to remain dominant during the forecast period.

This can be attributed to higher expenditure of the consumers on fitness apparel due to it being considered a style statement. Moreover, developed retail structure and celebrity brand endorsements help push sales in this region. However, China is expected to grow with the highest CAGR throughout the forecast period, owing to rapidly improving infrastructure and changes in the buying behavior of people in this region due to increasing disposable income.

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.

The key players profiled in this global sports apparel market include Adidas AG, Nike, Inc., Puma SE, Under Armour, Inc., Ralph Lauren Corporation, Umbro Ltd., Fila, Inc, Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc., and Columbia Sportswear Company. Procure Complete Report (255 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/818e0fd24c60dc119d8a745510990557 FREQUENTLY ASKED QUESTIONS?

Q1. What would be forecast period in the market report?
Q2. What is the market value of Sports Apparel market in 2019?
Q3.

Does the Sports Apparel company is profiled in the report?
Q4. Which are the top companies hold the market share in Sports Apparel market?
Q5. How the segments growing in Sports Apparel market report?

Similar Reports : Sports Equipment and Apparel Market: Global Opportunity Analysis and Industry Forecast 2021-2030 Yoga Clothing Market: Global Opportunity Analysis and Industry Forecast 2021-2030

Swimwear Market: Global Opportunity Analysis and Industry Forecast https://www.alliedmarketresearch.com/swimwear-market Europe Sports Equipment and Apparel Market: Global Opportunity Analysis and Industry Forecast 2021-2030

https://www.alliedmarketresearch.com/europe-sports-equipment-and-apparel-market Baseball Shoes Market: Global Opportunity Analysis and Industry Forecast 2021-2030 https://www.alliedmarketresearch.com/baseball-shoes-market-A13695

David Correa
Allied Analytics LLP
+1-800-792-5285
email us here

You just read:

News Provided By March 28, 2023, 12:45 GMT Share This Article

EIN Presswire’s priority is source transparency.

We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome.

EIN Presswire, Everyone’s Internet News Presswire(TM), tries to define some of the boundaries that are reasonable in today’s world.

Please see our Editorial Guidelines for more information.

Submit your press release

Tags:

ax-paris listed on couponmatrix.ukofficial-gatwick-airport-parking listed on couponmatrix.ukthe-gym-king listed on couponmatrix.ukhotel-chocolat listed on couponmatrix.uknuman listed on couponmatrix.ukpants-and-socks listed on couponmatrix.uk
ax-paris listed on couponmatrix.ukFor the latest celebrity styles at your fingertips, AX Paris is the place to be! Discover the trendiest outfits as worn by the hottest fashion influencers and refresh your wardrobe with this season’s most papped looks for less. Add an exclusive AX Paris discount code to your order and liven up your everyday wardrobe for a fraction of the price. Polish your look with the most gorgeous footwear and accessories and make every outfit Instagram worthy.
official-gatwick-airport-parking listed on couponmatrix.ukForget shelling out hundreds for a taxi to get you to the airport and use Gatwick’s tailor-made parking service to make your pre-flight travel stress-free and easy. To get a quote for what you could be paying, just go to the Gatwick Parking website, select your required dates and the terminal you’ll be flying from - the process could not be more seamless! With a Gatwick Aiport Parking promo code you’ll be doing your debit card a favour ahead of your trip away. Choose between long or short stay depending on how long you’re away for, and with Blue Badge parking options in both terminals, there’s a parking solution for everyone. There’s even the option of reserving a parking space if you’re just going into London for the evening for just £9 - so you can enjoy your night out and save time hunting for spaces in the capital.
the-gym-king listed on couponmatrix.ukGym King is your go-to for super stylish athleisure wear. From super comfy tracksuits to form-fitting leggings, girls and guys alike will love these looks! Make the most of a Gym King discount code to cut the cost of your next haul - whether you’re hitting the gym, heading out for brunch or planning a big night in, there’s no reason you can’t look great doing it! Gym King clothing is the perfect combination of flattering and comfy - check out the range today for a wardrobe update.
hotel-chocolat listed on couponmatrix.ukIf you’re looking to buy a gift or just indulge yourself, Hotel Chocolat is the place to go. Crafting highest quality chocolate using cocoa from their own cocoa plantation in St Lucia, Hotel Chocolat is one of the only UK companies who are in control of their cocoa from the moment it comes out the ground, to that magical instant when it becomes delectable chocolate. This means consistently high quality and a true understanding of the ingredients. So why not indulge and save money with the Hotel Chocolat voucher code.
numan listed on couponmatrix.ukNuman makes men's health easy. Make the most of a Numan discount code from us to help you save on supplements, treatments and prescriptions—the Numan team is made up of licensed UK clinicians and health experts, specialising in men’s health and treatment plans. With free online consultations and free, discreet delivery, it’s easy to get started.
pants-and-socks listed on couponmatrix.ukIs there a more iconic duo than pants and socks? That’s what Pants and Socks are (literally) all about! Whether you’re replacing tired, old boxers or searching for stocking stuffers, a Pants and Socks discount code will help you save money on quality products by Ralph Lauren, Calvin Klein and Ellesse. You’ll save 20% on underwear subscriptions, 10% if you register for the newsletter and there’s free delivery on every order – so there are mountains of ways to get your unmentionables for less!