Irving, Texas (PRWEB) July 15, 2012
The global retail sports apparel industry has grown rapidly over the last five years and is expected to continue that trend as it reaches approximately US $125 billion in 2017 with a CAGR of 6% over the next five years. Increase in demand for sports-style apparel and favorable demographic conditions throughout Asia are expected to boost the sports apparel market during the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the global retail sports apparel market and presents its findings in “Global Retail Sports Apparel Market Analysis 2012–2017: Market Trends, Profit, and Forecast Analysis.”
The sports apparel industry comprises various enterprises that are primarily engaged in the manufacturing and retailing of new sports apparel and accessories, such as running and training attire, golf wear, lifestyle apparel, soccer uniforms, baseball and softball apparel, as well as the clothing worn for participating in many other sports. As per the study, the sports apparel industry is fragmented, with the top five and the top 10 players accounting for approximately 21% and 25% shares respectively in 2011.
Although North America currently dominates this industry, APAC’s retail sports apparel market is expected to lead the industry. APAC is forecast to grow at the highest rate among all the regions during the six-year forecast period. The apparel industry is expected to extend its presence with rapidly growing markets,with countries such as India, Indonesia, and Vietnam providing significant potential for regional and global sporting apparel brands.
The sensitivity of the industry to seasonal conditions and frequent changes in consumer taste and preference are some of the challenges being faced by retail sports apparel industry. Among the factors that drive growth in the industry include increasing individual sports and athletic participation, changing lifestyles in emerging economies, and the continuing growth in awareness for health and fitness are likely to drive the sports apparel market.
Lucintel’s research report is a cost-effective tool that portrays the key aspects of the retail sports apparel industry, providing the reader with the most up-to-date and useful analysis of the market to support confident and timely decision making.
The report tracks four regions of the global retail sports apparel industry. The scope of this study is limited to annual trends for the past five years and forecasts for the next six years – helping executives plan for their inventory and resources. This report also includes analysis of sports lifestyle products.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com.