The sports equipment and clothing market will grow at a CAGR of

Portland, March 21, 2019 (GLOBE NEWSWIRE) – Allied Market Research has released a report titled “Sports Equipment and Clothing Market by Product, Sport and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023 “. According to the report, the global sports equipment and clothing market was valued at 410.61 billion dollars in 2017 and is likely to accumulate a sum of $ 619.27 billion by 2023, pushing to a 7.1% CAGR from 2017 to 2023.

The report provides an in-depth analysis of the global sports equipment and clothing market, covering aspects such as market share and estimates, market classification, drivers and restraints, trends and company profiles. The information provided in the report is the result of extensive primary and secondary research activity. The study is a useful tool for market participants, investors and others interested in the market.

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A detailed analysis of the market drivers, restraints, and opportunities of the industry is offered in the study. Factors such as increased awareness of sports and fitness across the world and government initiatives in sports activities and events are driving the market. However, the rise of terrorism and political influence over sporting events as well as the growing propensity of children to participate in indoor leisure activities are likely to hamper the growth of the market. On the other hand, the increase in the contribution of various organizations to donate sports equipment and clothing to sports fans and emerging athletes with weak financial conditions and the rapid growth of the sales platform at the Online retail are likely to provide opportunities for market growth.

The report segments the market report on the basis of product, sport, distribution channel, and geography. By product, the market is divided into equipment and clothing and footwear. The equipment segment is reportedly dominating the market in terms of both revenue and growth during the forecast period. Sports segment is divided into cycling, outdoor, tennis, other racquet sports, running, fitness, football / soccer, other team sports, winter sports, water sports and others. The outdoor segment is expected to grow at the fastest CAGR of 9.8% during the forecast period. By distribution channel, the market is categorized online and offline. The offline segment captured the largest share of 88% in 2017 and would maintain its dominance until 2023. Regionally, the market analysis covers North America, Europe, Asia-Pacific and LAMEA.

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Also offered in the report is a detailed analysis of the players operating in the Sportswear & Equipment market. Aspects such as company overview, operational business segments, product portfolio and major strategic movements and developments are discussed. The companies analyzed are Decathlon SA, Nike, Inc., Adidas AG, Puma SE, Under Armor Inc., Amer Sports Corporation, ASICS Corporation, Sports Direct International Plc., VF Corporation New Balance, Inc.


        

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