What is Basketball Apparel Market Scope?
Basketball apparel is clothing, including footwear, worn for basketball sport or physical exercise. Basketball specific clothing is worn for most sports and physical exercise, for practical, comfort as well as safety reasons. Moreover, the basketball apparel industry provides the demands of clothing and footwear for different types of basketball sports. Rising health consciousness and changing fashion trends are projected to drive the global basketball apparel market during the forecast period. Also, the changing lifestyles and consumer tastes have resulted in people opting for durable and comfortable apparel
Influencing Trend:
Increased functionality of basketball apparel and superior properties
Market Growth Drivers:
Rising health consciousness and changing fashion trends and Rising disposable income levels, especially in the emerging economies
Challenges:
Growing counterfeit basketball apparel industry
Restraints:
High basketball apparel costs
Opportunities:
Growing women involvement in basketball and Developing basketball apparel with new fabrics
The Basketball Apparel market study is being classified by Type (Basketball Clothes and Basketball Pants), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Basketball Apparel market throughout the predicted period.
Nike Inc. (United States), Adidas AG (Germany), Under Armour Inc. (United States), PUMA (Germany), ASICS (Japan), Point 3 Basketball (United States), Decathlon (France), VF (United States), Columbia Sportswear (United States) and New Balance (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lining, PEAK, ANTA, 361 Degrees, Xtep and Hongxing Erke Group.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Basketball Apparel market by Type, Application and Region.
On the basis of geography, the market of Basketball Apparel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The U.S. Customs and Border Protection (CBP) and the Federal Trade Commission (FTC) enforce labeling laws and acts in the United States. In general, textile and apparel products sold in the United States must be labeled with the following information: the fiber content, the country of origin, the manufacturer or dealer identity, and the care instructions
Key Target Audience
Manufacturers of basketball apparel, Suppliers of basketball apparel components, Wholesalers, distributers, and retailers of basketball apparel, Apparel industry, Sports industry, Governmental bodies and Market research firms
Basketball Apparel Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Basketball Apparel Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Basketball Apparel industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.