Sports Apparel Market: Top & T-shirt to Represent a Leading Segment, Notes Fact.MR

Products that are created by infusing leading-edge fashion, and sports technology are more appealing to the consumers, as they are not only comfortable to wear but highly durable as well.
 
DUBLIN 2, Ireland - Aug. 3, 2020 - PRLog -- Fact.MR's new study reveals that the global sports apparel market is set to expand at an impressive CAGR of 5.6% between 2017 and 2022, to surpass a valuation of US$ 204,500 Mn. Increasing health awareness and evolving lifestyle of consumers is expected to play an important role in driving the growth of the market in the forthcoming years. Greater emphasis on physical fitness and healthy living continue to inspire individuals to get enrolled in sporting activities, which concurrently influencing the global demand for sports apparels. At the same time, this is creating opportunities for manufacturers to introduce a wider-range of apparels that are more specific to wearer's requirement. Consumers are inclining towards apparels that offer high comfort and are fashionable. Most professional athletes and amateur sports players are unwilling to compromise on style and design of apparels. Moreover, apparels make a significant impact on the overall performance of athletes during games and even in training sessions.

Innovative promotional campaigns and advertising activities are also expected to help boost the popularity of sport apparels. In addition, manufacturers are actively focusing on improving the quality and functionality of sports apparels by the using superior raw materials to attract consumers and make their products more appealing.

Read Report- https://www.factmr.com/report/276/sports-apparel-market

Global Sports Apparel Market – Key Insights

• On the basis of the product type, the tops & t-shirts segment is likely to retain its top position over 2022. This segment currently command for more than 21% revenue share of the market. Towards the end of the assessment period, the segment is expected to surpass a market valuation of US$ 45,400 Mn, reflecting a healthy CAGR.
• By end use, the men sports apparel segment is expected remain domain throughout the forecast period. Currently, the segment represent nearly two-forth share of the global market in terms of revenue. In addition, the men sports apparel segment is estimated to reach a market valuation in excess of US$ 97,380 Mn by 2022-end, reflecting a steady CAGR. Meanwhile, the women sport apparel segment is projected to hold the second spot in terms of revenue.
• By sales channels, the modern trade segment is expected to remain highly attractive in 2017 and beyond. This segment presently commands for close to 21% share of the market in terms of revenue and is projected to reach of over US$ 42,500 Mn in 2022, expanding at sound CAGR.

PR Source- https://www.factmr.com/media-release/265/sports-apparel-m...

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