4:01 PM The changing dynamics Sports Apparel Market with covid-19 impact assessment |
| The upsetting degrees of progress in the general business area considering the muddling appearance of the COVID-19 issue have given many major and minor shivers to endeavors of all sizes including Sports Apparel Market.
It was depicted going before this perplexing vehicle Sports Apparel Market will appear at CAGR of 4.5% during the check period of time. Notwithstanding, the anticipated dropping down of attempts will clearly make limits on the starting late reviewed progress rate.
Sports Apparel Market Insights
Sports Apparel Market is likely to witness a CAGR of 4.5% during the forecast period. Growing number of participation of women in professional, domestic sports and fitness, availability of sports apparel with improved features, such as temperature control, moisture management, and other performance-boosting properties which prevent discomfort and potential injury, and increase in health and self-consciousness to live an active lifestyle, and to have physically fit appearance are the major factors driving the growth of the market during the forecast period.
Market Share Analysis
Sports Apparel Market Share: By End-User Type
Based on the end-user type, the market is segmented as men, women, and children. The women segment is estimated to be the fastest-growing end-user type in the market owing to increase in demand for trendy and fashionable sports apparel and participation of women in sports over the forecast period. On the other hand, the men’s segment is anticipated to account for the largest share of the market owing to higher participation of men in sports during the forecast period.
Sports Apparel Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period with China and India being the major countries with higher percentage of young population. China being the leading country fueling the regional market growth by encouraging the youth population to actively participate in sports, supported by several government initiatives, and growing appetite for foreign brands, and rise in disposable income along with the desire to lead better lifestyles are some of the major factors positively influencing the market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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