Sporting goods store sales in the United States alone amount to more than 45 billion U.
Snapshot Team and individual fitness and sports activities are growing significantly across the globe. With a significant rise in celebrity endorsements for fitness and sportswear, the global market for sports and fitness clothing is expected to rise at a significant momentum.
The leading manufacturers and vendors in this field are hiring famous sportspersons, athletes, and celebrities in order to promote their products and launch advertising campaigns. It has been thoroughly observed that consumers generally buy the products endorsed by their favorite sportsperson.
Thus, vendors cash in the fan following of celebrities by signing them for the promotion of their products. For instance, Puma signed an agreement with Usain Bolt to promote their sportswear range.
Such type of endorsements by celebrities are likely to bolster the growth of the global sports and fitness clothing market in the coming years. The market intelligence report investigates into the conceivable growth prospects for the global sports and fitness clothing market and the sequential growth of the market during the course of the forecast period.
It also exclusively provisions the mandatory data related to aspects such as the dynamics manipulating the progress in all possible reflective manner. Numerous pervasive and non-pervasive trends have also been stated in the report.
The companies in attention have been examined on the basis of market shares, prime products, and key marketing strategies. Global Sports and Fitness Clothing Market: Trends and Opportunities The global sport and fitness clothing market comprises two segments namely fitness clothing and sports apparel.
Each segments targets a different consumer base. The juncture between fitness wear, sports apparel, and leisurewear is slowly concealing the difference between active wear, casual wear, fitness clothing, and sportswear, thus changing the target audience as well. The market is expected to be extensively driven by the growing participation of people in several sports and fitness activities.
Furthermore, the emergence and spread of new and indigenous sports across new regions is further expected to bode well for the growth of the market in the coming years. The market is also anticipated to grow in a significant momentum due to the rise in adventure sports, growing geriatric population, and rising obese population as people shift their focus towards healthy living due to the aforesaid reasons.
However, several factors such as shortage of labor and rise in the price of raw materials along with unparalleled growth in e-commerce altering consumers choices are likely to negatively impact the growth of the global sports and fitness clothing market.
Regional Outlook It has been expected that North America will emerge as a prominent region in the global market due to the rising demand for children sports apparel and women fitness wear.
Europe and Asia Pacific are also likely to contribute to the revenue due to growing number of public sporting activities. Competitive Landscape The prime players in the global sports and fitness clothing market are Tommy Hilfiger, V.
Corporation, Jacques Moret Inc. This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include North America.Global Sports and Fitness Clothing Industry This report analyzes the worldwide markets for Sports and Fitness Clothing in US$ Million by the following Segments: Sports Apparel, and Fitness Clothing.
Quartz is a guide to the new global economy for people excited by change. Sportswear is carrying the global apparel industry. By Marc Bain January 23, Sports-inspired apparel grew 6%. We estimate the economic scope of the sports industry in the United States.
Drawing on a variety of data sources, we investigate the economic size of sport participation, sports viewing, and the supply and demand side of the sports market in the United States.
Estimates of the size of. Key sports apparel industry participants are Adidas AG, Nike Inc., Amer Sports Corporation, Billabong International Limited, Everlast Worldwide Inc., Blacks Leisure Group Plc, Gap Inc., Columbia Sportswear Company, Old Navy, Banana Republic, Jockey International, Jockey International, Lotto Sport .
Global Sports Apparel Market - World Sports Apparel Market Size, Trends, Analysis And Segment Forecasts To - Sports Apparel Industry Research, Outlook, Application, Product, Share, Growth, Key Opportunities, Dynamics, Analysis, Sports Apparel Report - Grand View Research Inc.
In looking back at , the sports apparel industry expanded by % to $ billion (at wholesale).
Since , sports apparel sales have grown by %. The overall growth of the category is mainly due to the fact that consumers love these performance fabrics that provide compression, moisture management, and temperature control.