Sport
Sports Apparel Market - Tops & T-Shirts Segment Receives Highest Traction Contributing 21% Revenue Share, Reports Fact.MR Study
Based on the product type, the tops & t-shirts division is expected to maintain its top position during the forecast period until 2022. Presently, the target segment contributes more than 21% revenue share in the overall sports apparel market. Interestingly, at the end of assessment period the tops & t-shirts division is projected to exceed a market valuation of US$ 45,400 Mn , thereby, replicating an impressive CAGR.
As per this intelligent research report, the nature of the leading consumer strata is examined diligently. The desire to continue a sporty look and abide latest fashion trends is known to motivate the demand for sports apparel. With this aspect gaining prominence, sports apparel brands are given the opportunity to present stylish and attractive sports apparels which matches with the wearer's physical characteristics, leading to a more dynamic look.
In the past few years, several leading manufacturers from the sports apparel market have shifted their focus towards innovation in apparel designs owed to their growing importance for enhancing the athletes' performance level. With all such factors taken into consideration, the growth of the sports apparel market is moving firmly towards a brighter future.
Talking about the geographical bifurcation, North America is likely to sustain itself as the lucrative region for the development of the sports apparel market. In terms of revenue, the concerned region managed to acquire a significant share in the global sports apparel market in 2017. During the period between 2017 and 2022, the sports apparel market across North America is anticipated soar at 5.5% CAGR. Additionally, the region's sports apparel market is expected to exceed a valuation of to US$ 64,880 Mn by the end of 2022.
The report finally stresses on the relevance of the primary manufacturers operating in the global sports apparel market. Some of the main players mentioned in the report are NIKE, Inc., PUMA SE, Adidas AG, SKECHERS
USA , Inc, Under Armour, Inc., Fila Korea Co Ltd., ASICS Corporation, Columbia Sportswear Company, Yonex Co., Ltd. and Lululemon Athletica, Inc.
The global esports market is expected to account for around US$ 400 Mn revenues by 2022-end. Online mode will continue to be the largest design mode segment of esports adopted around the world, with revenues estimated to hold approximately 50% market share over the forecast period. But, online design mode of e-sports will lose 114 BPS in its share of the market by 2022-end.
A recent Fact.MR study foretells the fishing hooks market to record an expansion at 2% CAGR over the forecast period (2018-2028). Fishing hooks continues to witness increased traction in salt water applications. However, fresh water fishing has impressive growth in some of the regions.
Archery equipment continues to be sold through independent sports outlets, modern trade channels, direct to customer channels, and third party online channels. Of these, sales through third party online channels is anticipated to witness the highest growth rate through 2028, followed by sales through the direct to customer channel.
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