Global Reflective Sportswear Market Overview:
Reflective sportswear, a type of personal protective equipment (PPE), is a high-visibility clothing that has reflective properties, which can easily be noticeable even in the darkest background that is necessary while playing games. Nowadays, the boundaries between active wear and fashion sportswear had become increasingly unclear, with many people selecting to wear hoodies, yoga pants, tracksuits, as well as other garments openly associated with athletic wear as everyday dress. The increasing demand for the Reflective sportswear is due to increasing importance of healthy living among people around the globe. These reflective sportswear are widely used in professional athletics as well as in amateur sport. The increasing disposable income coupled with the Athleisure trend among people is expected to boost the growth of global reflective sportswear market over the coming years. Moreover, team & individual fitness and sports activities are growing significantly across the globe. With a noteworthy rise in celebrity endorsements for fitness and casual sportswear, the global market is likely to rise at a substantial momentum.
Growth Drivers
- Rising demand due to better use of raw materials and technology in manufacturing
- An Increased Importance of Healthy Living
- Increasing impact of online reviews about outdoor sports activities
Market Trends
- Advent of eco-friendly sportswear
- Emergence of e-commerce and online retailing
Roadblocks
- Availability of Counterfeit products at lower price
Opportunities
- Emerging Markets in developing countries
- Rising expenditure due high disposable income
Competitive Landscape:
One of the key player in the market, Nike, Inc. has opened a new store in New York City, United States in November 2018. Nike NYC is a flagship store. The building covers the six stories (including a below-street-level floor), cover more than 68,000 square feet area. This expansion will likely to increase the consumer base as well as revenue for the company over the coming years.
Some of the key players profiled in the report are Nike, Inc.(United States), Adidas AG (Germany), PUMA SE (Germany), V.F.Corporation (United States), Columbia Sportswear Company (United States), Amer Sports Oyj (Finland), Under Armour, Inc. (United States), lululemon athletica Inc. (Canada) and Levi Strauss & Co.(United States. Additionally, following companies can also be profiled that are part of our coverage like Mizuno Corporation (Japan), The Moret Group, Inc. (United States) and Tommy Hilfiger Licensing, LLC (Netherlands). Analyst at AMA Research see United States Vendors to retain maximum share of Global Reflective Sportswear market by 2026. Considering Market by Gender, the sub-segment i.e. Men will boost the Reflective Sportswear market.
What Can be Explored with the Reflective Sportswear Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Reflective Sportswear Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Reflective Sportswear
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reflective Sportswear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reflective Sportswear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturer, Raw material supplier, Channel partners, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.