Global Sports Equipment and Apparel Market is expected to reach US$ XX Billion by 2026 from US$ 438.07 Billion in 2019 at CAGR of XX%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Sports equipment are devices used for appealing in sports activity, protecting the sportspersons from injuries. These devices assist in following the rules & regulations of a particular sport. Then again, sports apparel is an act of clothing, which helps athletes to improve their act in sports activities by providing essential comfort throughout the activities.
Major driving factors of the sports equipment and apparel market are raised awareness about health & fitness, increasing participation in sports by young generation, increasing fashion trend is great opportunities for the market, rising trend of sport, increasing sport popularity, and increase key manufacturers among globe and same time decline by young generation to participate in sport will obstruct the global sports equipment and apparel market growth.
On the basis of product type, sports equipment, and apparel market is separated by equipment and apparel & shoes. Apparel & shoes are expected to hold the largest share of the market in the forecast period.
Based on the distribution channel, sports equipment, and apparel market is categorized as a sports shop, department & discount stores, online, and others. The online segment is expected to hold the largest share of the market throughout the forecast period because of the rising use of the internet and the increasing trend of online shopping.
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