India Sports ApparelMarket:was valued at USD 579.47 Million in 2021, and it is expected to reach USD 2238.13 Million by 2029, exhibiting a CAGR of 16.2% during the forecast period (2022-2029)
A report on theIndia Sports ApparelMarkethas been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market- and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for theIndia Sports ApparelMarket. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
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Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of theIndia Sports ApparelMarket may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter's five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as "bottom-up" forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies.
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Market Key players:
Ralph Lauren Corporation
Umbro Ltd.
Lululemon Athletica Incorporation
New Balance Athletic Shoe, Inc.
Columbia Sportswear Company
Puma Sports India Private Limited
Adidas India Marketing Private Limited
Nike India Private Limited
Under Armour India Trading Private Limited
ASICS India Private Limited
Fila Holdings Corporation
Lotto Sport Italia Spa
Decathlon Sports India Pvt Ltd.
Shiv-Naresh Sports Private Limited
Skechers Retail India Private Limited
Cosco Sports
Nivia
Tyka
Sareen Sports
Re-Design
Alcis Sports
Piranha
Vector X
HRX
Market Segmentation:
Based on End-User, the market is segmented into women, men, and kids. Sportswear for men account for the majority of this market in India, which is steadily rising, followed by the market for women, and a little portion is taken by the children's sector. Men's clothing dominates the Indian sportswear market, followed by women's wear and finally children's wear. Women's sportswear is the fastest-growing category of all sportswear due to changing traditions and women's engagement in sports such as marathons, badminton, cricket, and other fitness activities. Previously, men's clothing accounted for the majority of Indian sportswear. However, this has altered in recent years as a result of wage increases, changes in lifestyle, and a focus on wellbeing and health. Not just men's clothing, but also women's and children's wear, are contributing to the Indian sportswear sector. Women's clothes and equipment are presently the fastest growing part of the sportswear business in our country. The segment, which was formerly thought to be severely undervalued, has now accelerated and is a thriving market area. Group activities have a significant influence on the child's segment, which is growing rapidly in tandem with the growing popularity of cricket and football.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
In the research's examination of theIndia Sports ApparelMarket, cost structures, market shares, the producers' supply networks, and the laws and regulations in force at the time are all taken into account. It is possible to analyse the regional markets for theIndia Sports ApparelMarket by comparing the cost of locally produced goods to the profit made.
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