Where Will The Activewear Market Go Next?
Activewear Market to Witness Growth Acceleration during the assessment period.
By: Straits Research
The significant and yet growing share of the global population gaining an interest in pursuing an active lifestyle is positively influencing the demand for sportswear, compelling activewear manufacturers to develop fabrics capable of providing additional benefits such as perfect and flexible fitting and ability to prevent muscle sprains and injuries, among others.
China held around a 68% share of Asia-Pacific's activewear market. The country is expected to witness remarkable growth, owing to the efforts of the Chinese government through the initiation of sports programs and physical fitness activities to support the growth of an active lifestyle in the region. India is expected to observe healthy growth due to the impetus in the sports sector. Japan's activewear market is expected to grow at a moderate pace, attributing to the prevalence of martial arts in the region, as well as other sports activities. Other countries in Asia-Pacific, including South Korea, Australia, Thailand, Malaysia, and Indonesia, are expected to register slow yet steady growth in the activewear market throughout the forecast period.
While studying the worldwide markets for the Activewear industry, The report also provides details analysis of the market drivers, trends and restraints to showcase the current and future market scenario. Straits Research has ensured to provide a full-proof report that consists of the market strategies based on advanced technologies, applications, and different regions around the globe. The markets are expected to show significant growth during the forecasted period due to the increasing demand for the Activewear.
Some of the key players in the global activewear market are Nike, Inc., Adidas Group, ASICS Corporation, PUMA SE, SKECHERS USA, Inc., Under Armour Performance, Gap Inc., KORAL LLC, and Columbia Sportswear Company.
The geographical analysis of the Global Market segments the worldwide market into key areas that include the continents as well as specific nations that are as of now growing in terms of their demand, volume or overall growth. Users of the report can center around these areas on the off chance that they are looking to expand their business outskirts.
In the end, The stages of development of the global Activewear market in terms of their geographical presence have likewise been displayed thoroughly. This data enables the emerging players to gain up-to-date information which can enable them to take exceptional business decisions.
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