Industry Background:
In Sports Industry, Textiles are highly Engineered and built for Specialized Performance and usage depending on the Sports Profile of the user. Use of Engineered fabric in sports industry has evolved over time owing to the Technological Advancement in Textiles. Currently Smart Material such as Memory Foam and the Dri-Fit Technology are Highly in Demand. Modern Sports Textiles are required to be Lightweight, Sustainable and most Importantly Comfortable. Sports textiles are correlated to performance High-Functional Fabrics are associated to High Performance.This growth is primarily driven by Increasing Financial market share in Sports Industry., Demand for Health & Fitness. and Increasing Youth Population..
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Nike Inc. (United States), Adidas AG (Germany), Puma (Germany), Fila (South Korea), Umbro (United Kingdom), Lotto (Italy), Lacoste (France), Under Armour Inc. (United States), Reebok (United States) and Asics (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Sports Including Football & Cricket have become Increasingly Popular.
. Major Vendors, such as Nike Inc. (United States), Adidas AG (Germany), Puma (Germany), Fila (South Korea), Umbro (United Kingdom), Lotto (Italy), Lacoste (France), Under Armour Inc. (United States), Reebok (United States) and Asics (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 5th February, 2020- Nike Launched a Range of Innovative Products Including Skateboarding Jerseys, Controversial Running Shoes & Non-Template Soccer Kits, this Launch is Expected to Penetrate Market Ahead of the Tokyo Olympics 2020., On 1st December, 2020 - Under Armour and Stephen Curry (A Renowned Professional Basket Ball Player) Launched New brand called “Curry”. and On 14th January, 2021 - Adidas Launched Its New Sustainable Approach for its wide range of Products called “Adidas Primegreen” Aimed at Reducing Plastic and Promoting Recycling.
Market Drivers
- Increasing Financial market share in Sports Industry.
- Demand for Health & Fitness.
- Increasing Youth Population.
Market Trend
- Sports Including Football & Cricket have become Increasingly Popular.
- Lightweight & Technologically Advance products Highly in Demand.
Restraints
- Raw Material Price Fluctuation.
Opportunities
More Sports Championships & Leagues are being held at Global Level. and Increasing Female Participation.
Challenges
Fierce competitive pressure. and Rapid Changing Consumer Preferences.
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, Sports Textiles Study Sheds Light on
The Sports Textiles Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sports Textiles industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sports Textiles 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.