World Sports Apparel Market Is Estimated to Garner $184.6 Billion by 2020—Allied Market Research

According to a new report by Allied Market Research titled, "World Sports Apparel - Market Opportunities and Forecasts, 2014-2020”, the world sports apparel market is expected to generate revenue of $184.6 billion by 2020, growing at a CAGR of 4.3% during the forecast period, 2015–2020. Growing health awareness, increasing disposable income and a surge in female participation in sports are the major factors driving the growth of the world sports apparels market.

The world sports apparel market is categorized, based on end users, into apparels for men, women and kids. The men segment dominates the world sports apparel market, constituting around 52% of the total market revenue. The women segment is the second biggest contributor, expected to grow at a relatively higher CAGR of 5.7% during the forecast period, on account of the growing interest and participation of women in different sports activities.

To request more information about the report please visit website: https://www.alliedmarketresearch.com/sports-apparel-market

Based on the mode of sale; retail segment accounted for significant market share in 2014. Some of the prominent companies have focused on opening retail stores in the emerging economies to expand their geographical presence and increase their customer base. The retail segment comprises of supermarkets, brand outlets and discount stores. Online platforms, especially e-commerce sites, have exhibited a robust growth across the globe, owing to the ease of accessibility and availability of a wide range of products at a competitive price. The online mode of sale segment is expected grow at a CAGR of 9.5% during the forecast period.

Based on geography, North American region dominated the world sports apparel market in 2014. However, in terms of growth, APAC region would outpace all the other regions, and emerge as the biggest market of the sports apparel from 2018 onwards. The growth would primarily be driven by the increasing disposable income,...