LONDON--(BUSINESS WIRE)--The global rugby apparel market is expected to post a CAGR of more than 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The popularity of rugby has increased significantly after its inclusion in the Olympic Games in 2016. The market has been witnessing a steady increase in the number of female participants, teams, and clubs inclined to the sport. In addition, the growth of social media platforms, professional sponsorships, and the prominence of rugby apparel at large retailers has increased the demand for rugby apparel in regions such as APAC, where participation levels are comparatively lower than in the Americas and EMEA. The transformation of rugby from a niche to a mainstream sport is one of the key factors driving the growth of the global rugby apparel market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31200
As per Technavio, the growing participation of women in rugby will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Rugby Apparel Market: Growing Participation of Women in Rugby
The participation of women in various sports, such as rugby is increasing across the world. In 2013, World Rugby and its member unions launched the ‘Get into Rugby’ program to ensure easy access to rugby for women and girls. This resulted in an increase in the number of female participants in the sport over the past few years. In addition, the growing popularity of female rugby tournaments such as Women’s Rugby World Cup, Caribbean Women’s Rugby Championship, Women Rugby at Olympics, and Women’s Six Nation Championship have further increased the participation of women in the sport. The growing number of female rugby players is increasing the demand for rugby apparel, which is expected to boost market growth.
“Expansion of online and offline distribution network and customization of rugby apparel will further boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Global Rugby Apparel Market: Segmentation Analysis
This market report segments the global rugby apparel market by distribution channel (offline and online), end-users (male and female), and geography (APAC, Europe, MEA, North America, and South America).
The European region led the market in 2018, followed by APAC, North America, South America, and MEA respectively. During the forecast period, the European region is expected to maintain its dominance over the market. This is due to the increasing participation of women and ethnic minorities in the sport.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.