Lucintel Estimates Global Retail Sports Apparel Industry to Reach US $125 Billion in 2017
Irving, TX (PRWEB) May 05, 2012
The global retail sports apparel industry has grown rapidly over the last five years and is expected to continue that trend as it reaches approximately US $125 billion in 2017 with a CAGR of 6% over the next five years.
The sports apparel industry comprises various enterprises that are primarily engaged in the manufacturing and retailing of new sports apparel and accessories such as running and training attire, golf wear, lifestyle apparel, soccer uniforms, as well as the clothing worn for sporting events.
Although North America currently dominates this industry, APAC’s retail sports apparel market is expected to lead the industry. APAC is forecast to grow at the highest rate among all the regions during the forecast period. The apparel industry is expected to extend its presence with rapidly growing markets, with countries such as India, Indonesia, and Vietnam providing good potential for regional and global sporting apparel brands.
The sensitivity of the industry to seasonal conditions and frequent changes in consumer taste and preference are some of the challenges being faced by retail sports apparel industry. Among the factors that drive growth in the industry include increasing individual sports and athletic participation, changing lifestyles in emerging economies, and the continuing growth in awareness for health and fitness are likely to drive the sports apparel market.
Lucintel’s research report is a cost-effective tool that portrays the key aspects of the retail sports apparel industry, providing the reader with the most up-to-date and useful analysis of the market to support confident and timely decision making.
The report tracks four regions of the global retail sports apparel industry, helping executives plan for their inventory and resources. This report also includes analysis of sports lifestyle products.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.
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