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

ambassador-theatre-group-atg listed on couponmatrix.uketihad-airways listed on couponmatrix.ukmonterrain listed on couponmatrix.ukmuseum-selection listed on couponmatrix.uknational-railcards listed on couponmatrix.ukspreadshirt listed on couponmatrix.uk
ambassador-theatre-group-atg listed on couponmatrix.ukBook your tickets to some of the biggest and best West End shows, live comedy events, musicals and pantomimes with ATG Tickets, one of the UK’s biggest and best ticket distributors. With an ATG promo code from us, you can access any of ATG ’s 40+ venues around the world for a night you’ll never forget. ATG is your go-to for fun for the whole family - with specialised shows and on-hand assistance to ensure accessibility is never an issue, it's the best booking partner in the business for all of your entertainment needs.
etihad-airways listed on couponmatrix.ukEtihad, one of the most trusted and respected airlines in the world at the moment, currently travel to over 110 destinations across the world. Launched in 2003 and owned by the Abu Dhabi Government, Etihad has a mandate to run safely, commercially and profitably. The only way to do this is by offering a great service and they certainly do that. Experience their great quality flying for yourself and use an Etihad promo code, you might find what you're looking for at an even lower cost.
monterrain listed on couponmatrix.ukRunners, gym-goers and hikers alike need to make Monterrain a go-to. If you’re looking for results at a low price, this brand keeps us coming back for more with Monterrain discount codes, seasonal sales and other money-saving promotions for NHS staff and students. With the Monterrain sale ticking along in the background too, it’s really easy to get a discount on your new piece of kit! We’re always on the lookout for great deals, so check our page for the best ways to save right now.
museum-selection listed on couponmatrix.ukWhen you shop at Museum Selection it’s never been easier to upgrade everything in your life at the same time - from your wardrobe to your outside seating area, you can give your whole home a makeover in a jiffy! With a Museum Selection discount code from us you’ll be amazed at the reduction you’ll get on your order subtotal, making purchasing that conservatory a walk in the park for your bank account.
national-railcards listed on couponmatrix.ukEvery day, millions of people rely on trains for commuting, family visits or travel, and a Railcard can provide substantial savings on these journeys. Tailored for diverse groups, including students, young adults, families and travel partners, with a Railcard you’ll pay an annual fee and then save a minimum of 33% off all train trips. Whether you're renewing or considering getting one, check Groupon for a Railcard discount to obtain yours at a reduced cost and enjoy immediate savings. To put things into perspective, using your Railcard for a discount on an off-peak return trip from Bristol to London can already cover the cost of the Railcard itself!
spreadshirt listed on couponmatrix.ukEnjoy sporting your personality on your sleeve with Spreadshirt, the platform that prints both your own and community-created designs on your preferred memorabilia. Whether you want to spread word of your brand, show off your taste in music or to arrange matching outfits for a group shindig, a Spreadshirt discount code can secure savings on all the merchandise you need. Offering bespoke personalisation on clothing, homeware and accessories of numerous varieties, the potential is as limitless as the designs when working with Spreadshirt.