Global Sports Textiles Market Overview:
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. Some of the players profiled in the study are 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).
On the basis of geography, the market of Sports Textiles 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Sports Textiles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyester will boost the Sports Textiles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Financial market share in Sports Industry.
- Demand for Health & Fitness.
- Increasing Youth Population.
- Sports Including Football & Cricket have become Increasingly Popular.
- Lightweight & Technologically Advance products Highly in Demand.
- Raw Material Price Fluctuation.
- More Sports Championships & Leagues are being held at Global Level.
- Increasing Female Participation.
- Fierce competitive pressure.
- Rapid Changing Consumer Preferences.
Key Market Developments:
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.
Sports textiles market comprises of a high degree of competition, well-established players have an edge over the new entrants in terms of customer base & better serviceability for their products & understand the consumer requirements well. Players are the concentrated majority in North America, Europe, particularly in the United States and Germany. Currently, key players are in the industry are looking to enhance their existing range of products by implementing advanced technologies and at the same time deliver quality sportswear for changing consumer taste & preference across core areas including sports and clothing. No significant merger & acquisitions have happened in recent years thus indicating the growth potential in the sports textiles market.
New Entrants & Investors, Sports & Fitness institutions, Sportswear Manufacturers, Suppliers, Distributers & Dealers of Sports Textiles, End Use Industries, Analysts and Strategic Business Planners and Venture Capitalists and Private Equity Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Sports Textiles market on the basis of product [Sportswear, Sportgoods and Sport Accessories] , application [Land Sports, Water sports and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Sports Textiles market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Sports Textiles industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are New Balance (United States), Skechers Inc. (United States) and 2XU (Australia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Sports Textiles market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.