Power Sports Apparel Market Growth Report 2021 to 2031
The Power Sports Apparel Market size is projected to reach US$ 151.31 billion by 2031 from US$ 103.13 billion in 2023. The market is expected to register a CAGR of 4.9% in 2023–2031. Advancements in technology applications have revolutionized training, competition, and fan experience in sports, enhancing performance, safety, and excitement. The use of technology is likely to remain crucial in Power Sports Apparel Market trends, with advancements in various fields.
Power Sports Apparel Market Analysis
The increasing popularity of power sports activities such as motorcycling, off-roading, and water sports is primarily driven by the increasing disposable income and buying power of sports consumers worldwide. As economies grow, more individuals have the financial means to indulge in these activities, leading to a higher demand for specialized apparel. Social media and digital platforms have significantly influenced the popularity of power sports and related apparel. Power sports enthusiasts share their experiences and gear recommendations, creating a community and fostering a sense of belonging. This online presence has increased awareness about power sports and accelerated sports apparel sales. Global engagement with this content encourages people to participate in power sports and invest in appropriate gear, fueling the growth of the power sports apparel market.
Power Sports Apparel Market Overview
The power sports apparel market has been witnessing steady growth due to several factors. One of the key drivers is the increasing popularity of power sports activities such as motorcycling, off-roading, snowmobiling, football, gymnastics, and other motor sports. As more enthusiasts participate in these activities, the demand for specialized apparel designed for safety, comfort, and style has risen significantly. Additionally, advancements in fabric technology have played a vital role in the market expansion. Manufacturers are investing in research and development to create innovative materials that offer better protection against abrasion, impacts, and weather fabrics have become standard features, enhancing the overall experience for power sports enthusiasts. Thus, all the above factors are expected to drive the power sports apparel market for the forecast period.
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Power Sports Apparel Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Power Sports Apparel Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Power Sports Apparel Market Drivers and Opportunities
Technical Advancement in Sportwear Materials Enhancing Performance and Comfort
Advancements in fabric technology are revolutionizing safety and comfort in power sports apparel. Cutting-edge developments, such as moisture-wicking fabrics that keep athletes dry and breathable materials that regulate body temperature, are engineered to enhance athletic performance. These technical innovations enable athletes to concentrate on their training and competition, ensuring that their sportswear will deliver the necessary support and comfort for peak performance.
Increased Demand for Customized and Specialized Sports Apparel
Consumers increasing shift from standard sportswear to personalized clothing that aligns with their individuality and preferences has prompted brands to offer customization services. With a growing emphasis on health and participation in various sports, there is a rising need for specialized sports apparel that caters to specific requirements. This encompasses personalized designs and tailored clothing that address individual body types, as well as sport-specific features like moisture-wicking, temperature control, and enhanced durability. Additionally, consumers seek sports apparel that combines functionality with style, enabling them to express their individuality while pursuing their favorite activities. Consequently, the sports apparel industry is continuously adapting to provide customized and specialized clothing options to meet the diverse needs and preferences of consumers.
Power Sports Apparel Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Power Sports Apparel Market analysis are type, cause, disorder type, category, and end user.
- Based on Product type, the Power Sports Apparel Market is segmented into Topwear, Bottomwear, and Accessories.
- By Sport Type, the market is segmented into Weightlifting, Gymnastics, Motor Sports, Football, Baseball, and Others.
- In terms of End Users, the market is segmented into Men, Women, Kids, Unisex.
- According to Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others
Power Sports Apparel Market Share Analysis by Geography
The geographic scope of the Power Sports Apparel Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Based on geography, the power sports apparel market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global power sports apparel market was dominated by North America. North America's power sports apparel market is one of the significant markets for power sports apparel owing to the unique preferences and demand regarding specialized apparel and sports accessories among the sports persons. The Advancements in fabric technology play a vital role in the market's expansion. The development of lightweight, breathable, and moisture-wicking materials enhances the overall user experience, making power sports apparel more appealing to consumers. Moreover, the influence of professional athletes and motorsport events on consumer preferences cannot be overlooked. Endorsements and sponsorships create a direct connection between successful athletes and the apparel they wear, inspiring fans to emulate their idols and thereby boosting market demand. On the flip side, several restraining factors challenge the growth of the power sports apparel market. Economic fluctuations and consumer disposable income directly impact purchasing power. During economic downturns, consumers tend to cut down on non-essential expenses, which can lead to a decline in the sales of power sports apparel. Additionally, stringent regulations and safety standards within the power sports industry can pose challenges for manufacturers. Furthermore, the market faces intense competition, with numerous established and emerging players vying for market share. This competitive landscape often leads to price wars and a focus on cost-cutting measures, which might compromise product quality. Rapid changes in fashion trends and consumer preferences also pose challenges for manufacturers, requiring them to stay agile and innovative to keep up with the ever-shifting market demand. However, global events like the FIFA World Cup create spikes in demand for jerseys and related merchandise. Football-inspired fashion and streetwear contribute to the popularity of football apparel beyond the pitch. E-commerce platforms provide a convenient way for fans to access a wide range of football apparel from anywhere at any time. Additionally, local clubs and amateur football clubs generate demand for customized team jerseys and gear. The rising popularity of sports and fitness activities contributed to the growth of power sports apparel.
Power Sports Apparel Market Report Scope
Power Sports Apparel Market News and Recent Developments
The Power Sports Apparel Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Power Sports Apparel:
- Fashion meets basketball in the latest PUMA x KIDSUPER collaboration. Introducing the PUMA x KIDSUPER MB.03, transforming Melo’s “1-of-1” aesthetic with the unique artwork of Colm Dillane. Artist Colm Dillane, founder of KidSuper, puts his spin on LaMelo Ball's signature MB.03 shoe, getting the KidSuper treatment. This collaboration brings Dillane's signature artwork and passion for basketball to life. This statement piece shoe features a bubble gum pink base with pops of blue and a playful all-over print with abstract human facial features. But it's not just for looks; the shoe boasts top-of-the-line tech too. Built for performance, the latest MB.03 features NITROFOAM™ cushioning for comfort and responsiveness, a full-coverage rubber outsole for enhanced traction, and a breathable monomesh upper for a supportive fit. This collection follows a successful SportStyle debut of apparel and footwear featuring KidSuper’s signature style. Alike, this Hoops launch includes a variety of apparel pieces to accompany the shoe collab. Expect pastel colorways, modern aesthetics, and a playful all-over print that reinterprets classic PUMA silhouettes. Keep an eye out for "KidSuper Deportes," meaning "Sports", across the jerseys, adding a playful touch. (Source: Puma SE, Company Website, 2024)
- The Ultimate365 apparel range from adidas has always featured the latest performance material innovations from the brand. Today, adidas Golf is introducing new adidas material concepts as part of the Ultimate365 range – TWISTKNIT and TWISTWEAVE – that manipulate materials at the fiber level to unlock a new pathway to performance. All products in the Ultimate365 apparel range for both men and women are available now on adidas.com, the adidas app and at select retailers worldwide. Pioneered by specialist teams within the golf category at adidas, TWISTKNIT and TWISTWEAVE are new material concepts that the brand is introducing for the first time. Aimed to provide golfers with better range of motion while reducing overall weight and density of the material, TWISTKNIT and TWISTWEAVE unlock a new pathway to performance. (Source: Adidas AG, Company Website, 2024)
Power Sports Apparel Market Report Coverage and Deliverables
The “Power Sports Apparel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1.Fila Holdings Corp.
2.Columbia Sportswear Company
3.Lululemon Athletica Inc
4.Under Armour Inc
5.Adidas AG
6.Iconix International
7.Ralph Lauren Corporation
8.Puma SE
9.New Balance Athletics Inc
10.Nike Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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