Sport Apparel Industry Market Growth Prospect and Demand Analysis 2022 Covid-19 Analysis with Emerging Trends, Regional Forecast, Segmentation, Competitive Analysis and Business Opportunities-COVID-19 Impact

Kenneth Research, in its repository of market research reports, have recently added a report on Sport Apparel Industry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Sport Apparel Industry Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

Global Sports Apparel Industry was valued at USD 144.75 Billion in the year 2017. Global Sports Apparel Industry is further estimated to grow at a CAGR of 5.12% from 2018 to reach USD 215.96 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At the country level, developed markets like China as well the emerging markets like India with highest population base holds the notable Industry share in 2017 and it is projected to grow strongly in the coming years.

The major players in Sport Apparel Industry are Nike Inc., Adidas Group, PUMA SE, Fila Inc., Umbro International, BasicNet S.p.A., Ralph Lauren Corporation, Converse and other 12 more companies information is provided in research report. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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SWOT Analysis of Sport Apparel Industry
Increasing consciousness about the fitness
Availability of low quality
Increasing involvement of women’s in games and fitness
Increasing number of fake products
The Global Sports Apparel Industry is segmented by user, by platform, by region in projected years. Amongst various platform segment, online stores are expected to hold the highest Industry share and is expected to grow at the highest CAGR during the year 2018-2025.

Sport Apparel Industry Overview By Platform
Online Stores
Retail Stores
Factory/Brand Outlets
Sport Apparel Industry Overview By User
Sport Apparel Industry Overview By Region
North America
• Canada
• Germany
• U.K.
• France
• Italy
• Rest of Europe
• China
• India
• Japan
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa

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