Due to an increase in the population of wealthy people, sports gear has been growing in popularity in emerging markets. Additionally, rising consumer health consciousness and increased participation in fitness activities like yoga, swimming, and aerobics are driving market expansion. In addition, the growth of the sports apparel market is fueled by an increase in the engagement of women in sports and fitness activities. Aggressive marketing and celebrity endorsements have also paved the road for the sports apparel industry’s expansion. The primary restraints on this market, however, are the varying costs of the raw materials necessary to make such apparel and the ease with which counterfeit goods can be found.
“The Sports Clothing market was valued at $167.8 billion in 2021 and is estimated to reach $248.5 billion by 2028, registering a CAGR of 5.3% from 2022 to 2028.”
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According to estimates, the global market for Top Wear (Type) segment will be worth US$74.8 billion in 2020 and US$100.5 billion by 2026, growing at a compound yearly growth rate of 5.1% throughout the study period. The largest regional market for the top wear segment in 2020 will be the United States, which will account for 34.7% of global sales. China is anticipated to expand at the quickest rate of 8.3% CAGR over the study period, reaching US$14.5 Billion by the end of the study.
This report explores all the key factors affecting the growth of the global market, including the demand-supply scenario, pricing structure, profit margins, and value chain analysis. The study involves the extensive usage of both primary and secondary data sources. This market report also presents the detailed profile of major industry players and their upcoming market strategies and recent developments over the forecast period.
Region-Wise Classification of the Market:
The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)
North America (United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Germany, Russia, UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Browse Full Report Description+ Research Methodology + Table of Content @
Table of Content:
Chapter 1. Report Overview
Chapter 2. Global Market Growth Trends
Chapter 3. Market Share by Key Players
Chapter 4. Breakdown Data by Type and Application
Chapter 5. Market by End Users/Application
Chapter 6. Market Drivers, Challenges and Trends
Chapter 7. Opportunity Analysis in Covid-19 Crisis
Chapter 8. Research Findings and Conclusion
And Many More…
Reason To purchase:
– Current and future of global market outlook in the developed and emerging markets
– The Market segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
– Regions/Countries that are expected to witness the fastest growth rates during the forecast period
– The latest developments, market shares, and strategies that are employed by the major market players
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