United Kingdom Sportswear Market May Register An Impressive Growth Through 2027
Evolution
is sportswear fashion drives the growth of the United Kingdom Sportswear Market
in the upcoming five years.
According
to TechSci report on, “United Kingdom Sportswear Market - By
Region, Competition Forecast & Opportunities, 2027”
United Kingdom sportswear
market may flourish with an impressive CAGR during the forecast period of
2023-2027, on the backbone of growing demands for the fashionable fits for workouts.
Growing physical activities such as swimming, gym workouts, sports events etc.
further drive the growth of the United Kingdom sportswear market in the
upcoming five years. Rapidly surging instances of obesity, high blood pressure,
diabetes, etc. also supports the growth f the Untied
Kingdom sportswear market in the next five years. The demands for the
sportswear are further increasing since the population is trying to change
their lifestyle and sedentary habits. Sports events such as Soccer World Cup,
Olympic Games, and Cricket World Cup are further aiding the growth of the
United Kingdom sportswear market in the future five years.
Increasing number of women sportsperson
participating actively in the global and country sports events is also
anticipated to fuel the growth of the United Kingdom sportswear market in the
future years. Difference between men and women playing various sports have
decreased. This decreasing deference affirms a greater number of women
participating in the sports like swimming, gym activities etc. that substantiates the
growth of the United Kingdom sportswear market in the forecast years through
2027F. Rising disposable income levels, improved living standards, and low
manufacturing costs are the prime factors accelerating the United Kingdom
sportwear market growth. Furthermore, expanding textile industry and growing
advancement in the sports clothing, such as making them fitter, but more
breathable, stretchable and torn proof further facilitate the growth of the
United Kingdom sportswear market in the forecast period.
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The United Kingdom sportswear market is
segmented by product type, end user, distribution channel, competitional
landscape, and regional distribution. Based on product type, the market is
further segmented into t-shirts, sweatshirts, sports vests, track pants &
tights, and others. T-shirts are anticipated to hold the largest revenue shares
of the market and dominate the market segment in the upcoming five years due to
increasing demands for the t-shirts. Profusely sweating surges, the demands for
the t-shirts substantially and growing advancement in the product by the
manufacturers coming up with innovative clothing and other sportswear. Changing
and evolving consumer preferences and growing demands for the specific clothes
and attire for the physical activities, further enhances the growth of the
United Kingdom sportswear market in the future five years.
By end user, the market is bifurcated into
men, women, and kids. Men segment is anticipated to hold the largest revenue
shares of the market and dominate the market segment in the upcoming five years
on the grounds of larger population of male participants in the sports events.
Growing number of female participants would also support the growth of the
women segment and aid the growth of the Untied Kingdom sportswear market in the
next five years.
Based on distribution channel, the market is
fragmented into exclusive stores, supermarket/ hypermarket, multi-branded
stores, online, and others.
The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among England,
Scotland, Wales, Northern Ireland.
A partial list of
major market players of the United Kingdom sportswear market includes:
PUMA United Kingdom Limited- adidas (UK) Limited
- Nike (UK) Limited
- Under Armour Europe B.V.
- BB (UK) Limited (Fila)
- ASICS UK
- Decathlon UK
- Skechers USA, Inc.
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“England
region is anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years due to increasing
globalization in the area. Although the country is among the initially
developed countries, the globalization and foreign influence is high and thus
aids the growth of the United Kingdom sportswear market in the future years.
Demand for the perfectly fitted and appropriate clothing with breathable fabric
and stretchable material intrigue customers for their purchases. Presence of
multiple market players focused on satisfying the evolving consumer needs
through their innovative products also facilitates the growth of the United
Kingdom sportswear market in the forecast period. New market players are advised
to invest their finances in the advancement of products and understand the
consumer needs, thereby providing innovative products that would support their
future brand establishment,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United Kingdom Sportswear Market By Product
Type (T-shirts, Sweatshirts, Sports Vests, Track Pants & Tights, Others),
By End User (Men, Women, Kids), By Distribution Channel (Exclusive Stores,
Supermarket/ Hypermarket, Multi-branded Stores, Online, Others), By Region,
Competition Forecast & Opportunities, 2027” has evaluated
the future growth potential of United Kingdom sportswear market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in United Kingdom sportswear market.
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