3 Most Popular Latest Reports on Sports & Fitness Market
06 Jul 2022 • by Natalie Aster
LONDON – Market Publishers is happy to announce that a large number of cutting-edge research studies featuring the sports & fitness market have been recently uploaded to our website. Our experts have prepared a selection of the most popular latest reports on the sports & fitness market available at MarketPublishers.com:
Sports apparel has grown in popularity over recent years. With prominent players promoting and wearing top brands, sports apparel can be found practically anywhere. Wearing sports brands as a fashion statement has suddenly become 'trendy.' Furthermore, there is a fundamental shift towards retail and online sales. Besides, the last few years have seen an increase in the number of people who are interested in health and fitness, as well as an increase in the number of people going to gyms, where young consumers want to not only be fit but also look good. In 2021, the value of the global sports apparel market crossed USD 178.7 billion. This market is poised to expand at a CAGR of 6.1% over 2022-2026 and exceed USD 248.9 billion by the end of the forecast period. Among product segments, the pants & tights segment accounted for the biggest share (around 40%) of the overall sports apparel market in 2021 and is set to stay in the lead in the next 4 years…
The global market for athletic footwear is predicted to come to the value of USD 196.1 billion by the year 2030, expanding at a 4.9% CAGR in the next 8 years. The key market growth engines include enhancing awareness of the health benefits of sports and fitness activities, changing consumer lifestyles, growing disposable incomes of consumers, and the flourishing retail e-commerce sector worldwide. Furthermore, ongoing technological advancements, the development of new and innovative shoes, and rising awareness of the importance of using the right type of shoes in order to prevent muscle injuries, leg injuries, and many others will likely boost the demand for athletic shoes in the coming years. Additionally, soaring fashion trends of wearing branded athletic footwear, especially among youngsters, are expected to positively influence the market growth over the forecast period. However, increasing prices of raw materials and the rising prevalence of fake and brand-copied athletic footwear products might hamper the market growth to some extent…
In the wake of the increasing awareness of general health and fitness, the world’s market for sports equipment is projected to expand at a 6.4% CAGR between 2022 and 2030 and is set to reach the value of USD 578.9 billion by the end of the forecast period. The fitness/strength equipment segment is poised to demonstrate the highest growth rates during 2022-2030, encouraged by the surging trend towards adopting a healthy lifestyle and eating habits, and taking up regular physical exercise in order to stay fit. As for the key distribution channels, online retail sales are anticipated to witness substantial gains in the next 8 years, supported by the increasing consumer spending along with rising penetration of smartphones and the internet…
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