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

apple-music listed on couponmatrix.ukfurniture-123 listed on couponmatrix.ukhoka listed on couponmatrix.ukles-mills listed on couponmatrix.uknonnon listed on couponmatrix.uknoom listed on couponmatrix.uk
apple-music listed on couponmatrix.ukCalling all music lovers and playlist-o-philes - Apple Music is your harmonious haven where you can access any song by any artist, whenever you want, wherever you want. It’s never been easier to play DJ with your personal faves and discover new artists, and with an Apple Music voucher, you can do all this on the cheap. Apple Music is a streaming platform created by people who get you so get on board today.
furniture-123 listed on couponmatrix.ukSearching for a settee? Looking for some lighting? Let Furniture123 take a weight off your shoulders with their fabulous selection of soft furnishings, beautiful decor, garden accessories and more all in one place on the website for your convenience. With a Furniture 123 discount code in hand as you head to the checkout, you’re going to be in for some unbelievable savings and crazy reductions on fabulous furniture!
hoka listed on couponmatrix.ukWhatever distance you’re looking to travel, a pair of HOKA shoes are a sure-fire way to ensure you make every mile with the comfort and support you deserve. Be it for hiking trails or beating your best morning run time, a HOKA discount code is an easy way to secure a great deal on specialised shoes that’ll whither every mile alongside you. Forget unwanted blisters and aching soles, turn to a friendlier, fun-filled way to run with HOKA.
les-mills listed on couponmatrix.ukLooking for a great workout? Look no further - Les Mills makes it easy to work up a sweat when you’re at home! Discover amazing virtual and on-demand classes that are bound to raise your heart rate - these targeted fitness classes and high-intensity interval training workouts are specially designed with your exercise goals in mind. Make the most of a Les Mills promo code to save on your plan and get access to more than 800 awesome workouts! With highly trained expert presenters leading each session, you’re bound to find the motivation to smash those fitness goals.
nonnon listed on couponmatrix.ukNONNON is a fashion brand that offers stylish and contemporary footwear for women. NONNON's designs are modern, yet timeless and can be worn for any occasion. Just be sure you use our newest NONNON discount code to save on your next set of shoes! With a catalogue that features the likes of Vivienne Westwood alongside designers styles Isabela from entrepreneurs like Isabela Capeto and Lazy Oaf, NONNON is a shoe stylist with no shortage of chic. At Groupon, we understand that everyone loves a good deal. That's why we work hard to find the best NONNON discounts so you can save on shoes you’ll adore. Whether you're looking for a percentage off your purchase, free shipping, or a NONNON student discount, we've got you covered. So next time a space opens up in your shoe rack, remember Groupon before bagging a bargain on NONNON’s latest selection. Sleek and sophisticated, NONNON flats make an ideal addition to any workplace outfit. Choose between interwoven mesh designs, bow-capped finishes and glittering finishes, then utilise the latest NONNON promo code to save on your favourite flats. With a range that combines comfort, style and simplicity in every design, NONNON flats guarantee to put a spring in your step whilst cushioning your feet from anything the workplace world can throw at you.
noom listed on couponmatrix.ukNoom is a leading behavioural-based app that aims to address issues such as dieting and anxiety at its source – you. By gradually helping you implement daily changes to your routine, with the assistance of nutritious recipes and an active community, Noom helps you realise a better you without pushing you beyond your limits. Make the most of a Noom discount code and see how much you can slim with a reduced personalised plan that’s tailored to you and to you alone.