Industry Background:
Sportswear Fabric is a material used in manufacturing of sportswear apparel specifically designed. It is mainly developed to provide comfort to body while performing. There are multiple type of sportswear fabric, few of them are Cotton, Nylon, Calico, Spandex, Microfiber among others. The market of Sportswear fabric is expected to boom over the coming years specifically due to rise of athletics and yoga culture. Increasing fitness and health consciousness among people is also driving the growth of sportswear apparel which is leading to growth of sportswear fabric market. Geographically, Asia Pacific is the biggest market of sportswear fabric because of large population and rising disposable incomes.This growth is primarily driven by Growing Health Consciousness among People, Yoga Culture has Risen Recently and Higher Sportswear Penetration due to Rise of E-Commerce.
Globally, a noticeable market trend is evident Sustainably Manufactured Fabrics are in High Demand. Major Vendors, such as DuPont de Nemours, Inc. (United States), W. L. Gore & Associates (United States), Royal Dutch Shell Plc (Netherlands), Nike, Inc. (United States), Adidas AG (Germany), Reliance Industries (India), Ekoten Textile A.S. (Turkey), Polartec LLC (United States), Xiamen New Hansen Textiles & Garment Co. Ltd (China) and Shenzhou International Group Holdings Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Bemis Associates Inc., United States based providers of adhesives, and thermoplastic films solutions has announced completion of acquisition of Safe Reflections International LLC. Safe Reflection is a Taiwanese textile product company. The strategic acquisition will help safe reflection grow its reflective technologies solutions developed specifically for sportswear, athletic, performance, active wear using Bemis’s adhesive technology.
In 2019, Milliken & Company, which is a material science and diversified industrial company has announced acquisition of Polartec, which is an innovator in outdoor performance driven fabric technology. The acquisition of Polartec will help Milliken expand their product portfolio to an additional segment other than automotive, interiors, industrial and military fabric segments.
Market Drivers
- Growing Health Consciousness among People
- Yoga Culture has Risen Recently
- Higher Sportswear Penetration due to Rise of E-Commerce
Market Trend
- Sustainably Manufactured Fabrics are in High Demand
Restraints
- Stringent Labour Practices Associated with Sportswear
Opportunities
Manmade Fibre has been one of the Most Popular Option for Sportswear Apparel
Challenges
Stiff Competition owing to Presence of Multiple Local and Global Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sportswear Fabric Study Sheds Light on
— The Sportswear Fabric Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sportswear Fabric industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Sportswear Fabric industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.