The market for sportswear experienced considerable growth in 2020 and is anticipated to maintain a consistent revenue compound annual growth rate throughout the forecast period. This growth is primarily attributed to various factors such as an increased awareness among the general public regarding the significance of leading a healthy lifestyle, as well as the health benefits associated with engaging in physical activities such as swimming, yoga, running, and aerobics.
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Top Profiled Companies in the Global Sportswear Market Report:
- Nike, Inc.
- Adidas AG
- LI-NING Company Ltd
- Umbro Ltd.
- Puma SE, Inc.
- Fila, Inc.
- Lululemon Athletica Inc.
- Under Armour
- Columbia Sportswear Company
- Anta Sports Products Ltd., Inc.
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Footwear
- Apparel
- Wearable
End User Type Outlook (Revenue, USD Billion; 2018-2028)
- Men
- Women
- Kids
Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
- Online
- Retail
Key Takeaways of the Global Sportswear Market Report:
· A comprehensive overview of the global Sportswear industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Sportswear market.
· Elaborate study of the leading regional markets in the global Sportswear market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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