Sports Apparel Market was valued at USD 470.4 billion in 2021 and is expected to reach USD 817.2 billion by 2026, at a CAGR of 7.2% during the forecast period 2022 - 2027.
Sports apparel clothes that are worn for sports or other physical activities. Sportswear & swimwear; these are the main factors that have considerably increased the demand for the sports apparel in the market, thereby driving the huge growth of the sports apparel market in the upcoming years
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the sports apparel in the market is mainly due to the Sports Apparel can help to protect from the environment. During outdoor exercise in the hot summer need loose clothes and breathable fabrics. It will help keep the body cool due to this the body don't overheat. In the cold winter, put on a layer of clothes on body to keep out the cold. However, it is also used as an outer layer because it provides ventilation, so that body temperature can be easily adjusted due to these factors increase the demand of sports apparel which are expected to drive the growth of the market.; these are the main factors that have considerably increased the demand for the sports apparel in the market, thereby driving the huge growth of the sports apparel market in the upcoming years
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Report is segmented as:
Sports apparel Market is segmented on the basis of by:
By Sport (Basketball, Soccer, Baseball, and Others),
By End User (Women, Men, Children),
By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online Stores, Others)
Geographical Segmentation:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the sports apparel is due to the Rapid urbanization and rise in the disposal income these are the main factors that have considerably increased the demand for the sports apparel in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the sports apparel Market
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Impact of COVID-19 on Market
The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected sports apparel market. Covid-19 pandemic has impacted huge on the sales revenue of sports apparel market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the sports apparel market growth
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