Global Sports and Fitness Clothing Market: Snapshot
Team and individual fitness and sports activities are growing significantly across the globe. With a significant rise in celebrity endorsements for fitness and sportswear, the global market for sports and fitness clothing is expected to rise at a significant momentum. The leading manufacturers and vendors in this field are hiring famous sportspersons, athletes, and celebrities in order to promote their products and launch advertising campaigns. It has been thoroughly observed that consumers generally buy the products endorsed by their favorite sportsperson. Thus, vendors cash in the fan following of celebrities by signing them for the promotion of their products. For instance, Puma signed an agreement with Usain Bolt to promote their sportswear range. Such type of endorsements by celebrities are likely to bolster the growth of the global sports and fitness clothing market in the coming years.
The market intelligence report investigates into the conceivable growth prospects for the global sports and fitness clothing market and the sequential growth of the market during the course of the forecast period. It also exclusively provisions the mandatory data related to aspects such as the dynamics manipulating the progress in all possible reflective manner. Numerous pervasive and non-pervasive trends have also been stated in the report. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report further points out several activities related to R&D, mergers, acquisitions, and crucial conglomerates and corroborations. The companies in attention have been examined on the basis of market shares, prime products, and key marketing strategies.
Global Sports and Fitness Clothing Market: Trends and Opportunities
The global sport and fitness clothing market comprises two segments namely fitness clothing and sports apparel. Each segments targets a different consumer base. The juncture between fitness wear, sports apparel, and leisurewear is slowly concealing the difference between active wear, casual wear, fitness clothing, and sportswear, thus changing the target audience as well. The market is expected to be extensively driven by the growing participation of people in several sports and fitness activities. Furthermore, the emergence and spread of new and indigenous sports across new regions is further expected to bode well for the growth of the market in the coming years.
The market is also anticipated to grow in a significant momentum due to the rise in adventure sports, growing geriatric population, and rising obese population as people shift their focus towards healthy living due to the aforesaid reasons. However, several factors such as shortage of labor and rise in the price of raw materials along with unparalleled growth in e-commerce altering consumers choices are likely to negatively impact the growth of the global sports and fitness clothing market.
Global Sports and Fitness Clothing Market: Regional Outlook
It has been expected that North America will emerge as a prominent region in the global market due to the rising demand for children sports apparel and women fitness wear. Europe and Asia Pacific are also likely to contribute to the revenue due to growing number of public sporting activities.
Global Sports and Fitness Clothing Market: Competitive Landscape
The prime players in the global sports and fitness clothing market are Tommy Hilfiger, V.F. Corporation, Jacques Moret Inc., Hugo Boss AG, Banana Republic, Jockey International, Ralph Lauren Corporation, America Corporation, Reebok, Adidas, Nike, Puma, and Levi Strauss & Co.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.