DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Sportswear Market: Industry Analysis & Outlook (2017-2021)" report to their offering.
The global sportswear market is trending with innovation, increasing health awareness, popularity of athlesiure, combination of smart clothing and growth of functional clothing. However, the market growth will be hindered by counterfeit product availability, increase in labor cost and low negotiation power of purchasers.
A great spurt in popularity of sports, weight management and athletics has been seen in the middle-age and elderly population over the years. Healthy lifestyle has become a priority for number of people, and in order to achieve this, people are engaging themselves in physical exercises, thereby creating a huge demand for sportswear globally.
Sportswears are apparel and footwear worn while indulging in any sort of physical exercise. People are demanding innovative apparels and footwear so that it can suit their work out aspirations. As the demand is increasing, the sportswear manufactures are ready to pile up new pipeline of sportswear products.
North America's sportswear market accounts for the largest market because of its strong market dynamics and emergence of gym culture. Also, North America has seen a significant rise in the number of health clubs, which has presented the market with a lot of new opportunities. The global sportswear market growth will be driven by rise in per capita spending on sports, popularity of outdoor recreation, increase in number of yoga participants, surge in fitness club members and escalating youth population.
The major trends of the market include increased health awareness, product innovation, popularity of athlesiure and combination of smart clothing and sportswear. The competition in the market will largely be dominated by big firms.
The report offers an in-depth analysis of the global sportswear market. It also covers the regional aspect of the market. The report profiles Nike, Inc., Adidas Group, VF Corporation and PUMA.
Market Dynamics
Growth Drivers
- Rise in Sportswear Spending Per Capita
- Popularity of Outdoor Recreation
- Increase in Number of Yoga Participants
- Rise in Global Overweight Population
- Increase in Fitness Club Members
- Penetration of Gym Club Membership
- Rise of E-commerce
- Rising Urban Population
- Rise in Middle Class Population and Living Standards
- Escalating Youth Population
- Rising Global GDP Per Capita
Trends and Developments
- Health Awareness
- Product Innovation Using Innovative Technology
- Popularity of Athlesiure
- Combination of Smart Clothing and Sportswear
- Growth of Functional Clothing
Challenges and Issues
- Counterfeit Product Availability at Large
- Low Negotiating Power of Purchasers
- Increase in Labor Cost
For more information about this report visit http://www.researchandmarkets.com/research/vx37xm/global_sportswear
