World Sports Apparel - Market Opportunities and Forecasts, 2014-2020,
the world sports apparel market is expected to generate revenue of $184.6
billion by 2020, growing at a CAGR of 4.3% during the forecast period,
2015–2020. Growing health awareness, increasing disposable income and a surge
in female participation in sports are the major factors driving the growth of
the world sports apparels market.
The world sports apparel market is categorized, based on end users,
into apparels for men, women and kids. The men segment dominates the world
sports apparel market, constituting around 52% of the total market revenue. The
women segment is the second biggest contributor, expected to grow at a
relatively higher CAGR of 5.7% during the forecast period, on account of the
growing interest and participation of women in different sports activities.
Based on the mode of sale; retail segment accounted for significant market
share in 2014.
Some of the prominent companies have focused on opening retail
stores in the emerging economies to expand their geographical presence and
increase their customer base. The retail segment comprises of supermarkets,
brand outlets and discount stores. Online platforms, especially e-commerce
sites, have exhibited a robust growth across the globe, owing to the ease of
accessibility and availability of a wide range of products at a competitive
price. The online mode of sale segment is expected grow at a CAGR of 9.5%
during the forecast period.
Based on geography, North American region dominated the world sports
apparel market in 2014. However, in terms of growth, APAC region would outpace
all the other regions, and emerge as the biggest market of the sports apparel
from 2018 onwards. The growth would primarily be driven by the increasing disposable
income, rising health awareness and the evolving sports industry.
Key findings:
- The world sports apparel market is expected to exhibit a significant growth during the forecast period (2015-2020) due to increasing disposable income, changing lifestyle and growing health awareness among consumers
- Men sports apparel is the highest revenue-generating segment in the world sports apparel market. The segment would continue to dominate the market throughout the analysis period
- The retail stores sports apparel segment would grow at a CAGR of 3.1% during the forecast period
- Asia Pacific would emerge as the largest sports apparel market by 2018
Product launches, acquisition and partnership have been the key growth
strategies adopted by established players in the market to increase their
market share and expand their customer base. The key companies profiled in the
report 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.
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