Stratview Research has released a new report on the Sportswear Market and has split the by kind of sports (football, basketball, baseball and others), by type of end user (men, women and children), by distribution channel type (specialty stores, supermarket/hypermarket, online retail stores and other distribution channels) and by region (North America, Europe, Asia-Pacific and Rest of the World).
Market overview
According to the report, le sportswear market should know a TCAC of 4.5% during the forecast period. Increasing number of women participating in professional and home sports and fitness, availability of sportswear with improved features, such as temperature control, moisture management and other performance-enhancing properties that prevent discomfort and potential injury, and improve health and self-awareness to lead an active lifestyle and look physically fit are the major factors driving the market growth over the forecast period.
What are the factors driving the Sportswear market?
The long-term market outlook still looks favorable with ample growth opportunities for industry players propelled by new aircraft programs entering the market
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What is sportswear?
Sportswear is clothing worn during physical activities such as training sessions or playing sports, which provides comfort and ease when performing any physical exercise.
How does the report help?
The reports provided by Stratview Research constitute a comprehensive analysis of the market potential in various industrial applications. Researchers and analysts study the market thoroughly and focus on opportunities in the emerging economies of the world, so that companies can strategically develop region-specific plans and gain competitive advantage.
KEY BENEFITS:
- This report helps users to understand the strategies adopted by various key players across the globe, for the growth of the Sportswear market.
- The report studies the market conditions across all geographical regions and the data compiled here in the report is extensively analyzed.
- Drivers and restraints in this market are systematically analyzed so that the user can take advantage of each particular driver/opportunity related to the market.
- The report highlights value chain analysis that offers key insights for stakeholders in this market.
Market analysis by segment
Based on the type of end user, the market is segmented into men, women, and children. The female segment is estimated to be the fastest growing type of end user in the market owing to the increase in demand for fashionable sportswear and participation of women in sports during the forecast period. On the other hand, the men’s segment is expected to account for the largest share of the market owing to the increased participation of men in sports over the forecast period.
In terms of regions, Asia-Pacific is estimated to be the fastest growing market region in during the forecast period, with China and India being the main countries with a higher percentage of young population. China being the first country to fuel the growth of the regional market by encouraging the young population to actively participate in sports, supported by several government initiatives, and the growing appetite for foreign brands, and the increase in disposable income as well as the desire for a better life are some of the major factors positively influencing the growth of the market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
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