The US market is estimated at $ 47.8 billion, while China is expected to grow at 7.8% CAGR
Dublin, July 26, 2021 (GLOBE NEWSWIRE) – The report “Sports Apparel – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.
The global sportswear market, estimated at US $ 177.1 billion in 2020, is expected to reach a revised size of US $ 247.4 billion by 2027, growing at a CAGR of 4.9% on the analysis period 2020-2027.
Discount stores, one of the segments analyzed in the report, are expected to register a CAGR of 4.7% and reach $ 81.2 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Brand Outlets segment is readjusted to a revised CAGR of 4.5% for the next 7-year period.
The sportswear market in the United States is estimated at US $ 47.8 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 51.9 billion by 2027 , with a CAGR of 7.8%. over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each forecasting growth of 2.8% and 3.9% respectively over the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 3.5%.
Supermarket and hypermarket segment to reach 5.1% CAGR
In the global supermarket and hypermarket segment, the United States, Canada, Japan, China and Europe will lead the estimated 4.8% CAGR for this segment. These regional markets representing a combined market size of US $ 30.6 billion in 2020 will reach a projected size of US $ 42.6 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 33.4 billion by 2027, while Latin America will grow at a CAGR of 5 , 5% during the analysis period.
Select the presented competitors:
Main topics covered:
1. MARKET OVERVIEW
Overview of the influencer market
Global market trajectories
Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information on this report, visit https://www.researchandmarkets.com/r/3g5i6l
ResearchAndMarkets.com is the world’s leading source for market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, major companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900