Press release
Global Sport Accessories Market by Manufacturers, Types, Regions and Application Research Report Forecast to 2022
Fact.MR
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The report offers an overview of the sport accessories market. This comprises an introduction to the market, along with a standard definition of the product – sport accessories. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global sport accessories market, the report provides updates about market opportunities, which can benefit leading manufacturers of sport accessories. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for sport accessories manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Key Projections on Future of Global Market for Sport Accessories
1) Although head gear will continue to be the largest product segment, sales of hiking jacket is projected to emerge as the fastest selling product in the market over the forecast period.
2) Sport stores and departmental stores will remain the most lucrative distribution channels for sports accessories across the globe. Revenues from these two distribution channels are estimated to collectively account for a significant share of the market by the end of 2022.
3) Online sports channel will remain the fastest expanding distribution channel for sports accessories during 2017 to 2022.
4) Accounting for more than one-third revenue share of the market, economy-priced sports accessories is expected to retain its dominance in the global market. Sales of super premium-priced sports accessories are anticipated to register the highest CAGR over 2022.
5) Based on demographics, men sports accessories will account for the largest revenues, with sales estimated to expand at a steady CAGR through 2022. Sales of women sports accessories, however, will register a relatively higher CAGR than all the other demographic segments in the market through 2022.
6) In terms of revenue, Europe will remain the most lucrative market for sports accessories, followed by North America. APEJ will hold its position as the fastest expanding market for sports accessories through 2022.
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Headgears to the Remain a Highly Sough-After Sport Accessory
On the basis of product type, demand for headgears will continue to gain traction throughout the assessment period. Currently, sales of the headgears represent close to 17% revenue share of the global market. Towards the end of 2022, around US$ 17,500 Mn worth headgears are projected to be sold across the globe.
Competition Tracking
Adidas AG, NIKE, Inc., PUMA SE, Wolverine World Wide, Inc., V.F. Corporation, New Balance, Inc., Apple, Inc., ASCIS Corporation, Everlast Worldwide, Inc., Under Armour, Inc. and Decathlon S.A are the key market participants profiled in Fact.MR’s report.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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