Global Basketball Sportswear - Market Overview:
Basketball sportswear is designed ad hoc utilized or worn by basketball players. Basketball sportswear consists of a jersey that shows the last name of the player and number on the back, also athletic shoes and shorts. Changing socio-economic scenario fueled by high living standards is expected to provide a lucrative opportunity for the very market in developing countries
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Rising Trend of Basketball Game in Developing Countries and Increasing Participants in Sports Due to Global Media Coverage
Market Growth Drivers:
Increasing Health Consciousness and Changing Fashion Worldwide, Consumer Inclination Towards Durable and Comfortable Basketball Sportswear Apparel, Growing Women Involvement in Basketball Game Globally and Surging Disposable Income in Emerging Economies
Aging Demography in Various Countries in North America and Europe Region
High Prices of Basketball Sportswear Apparel
Business Expansion and Market Penetration Opportunities in Emerging Economies
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.
Some of the key players profiled in the report are Nike (United States), Adidas (Germany), Under Armour (United States), Puma (Germany), VF Corporation (United States), Anta Sports (China), Gap (United States), Columbia Sportswear (United States), Lululemon Athletica (Canada), LiNing (China), Amer Sports (Finland) and ASICS (Japan). Additionally, following companies can also be profiled that are part of our coverage like Hanesbrands Inc. (United States), Peak Sports (United States), 361sport (China), Xtep (China), Billabong (Australia) and Kappa (Italy). Analyst at AMA Research see United States Vendors to retain maximum share of Global Basketball Sportswear - market by 2028. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Basketball Sportswear - market.
Latest Market Insights:
In November 2023, a shoe sneaker Foot Locker company has signed a multiyear partnership with the National Basketball Association (NBA), which sees the US sportswear retailer become an official league marketing partner in the US.
In November 2023, Sportswear brand Suditi Sports Apparel has partnered with the National Basketball Association (NBA) and will continue to create official merchandise including apparel and accessories for the sport on a multi-year contract. The goods will retail on the NBA’s ‘Shop the Arena’ e-commerce store as well as on select offline and online retail platforms.
What Can be Explored with the Basketball Sportswear - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Basketball Sportswear - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Basketball Sportswear -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Basketball Sportswear - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Basketball Sportswear - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Basketball Sportswear Manufacturers, Basketball Sportswear Distributors/Traders/Wholesalers, Basketball Sportswear Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.