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Analysis says that Global sports apparel market will grow by 4.9 percent by 2027

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sportswearAccording to a recent analysis by ResearchAndMarkets.com, the global sports apparel market will grow by 4.9 percent by 2027, reaching $247.4 billion. According to the report, discount stores would grow at a CAGR of 4.7 percent to $ 81.2 billion by the conclusion of the analysis period. According to Textile Focus, the brand segment will increase at a CAGR of 4.5 percent over the next seven years.

China is expected to rise at a 7.8% CAGR from 2020 to 2027, reaching $51.9 billion by 2028, according to the analysis. Other markets, such as Japan and Canada, are expected to increase by 2.8% to 3.9% between 2020 and 2027, while Germany is expected to grow by roughly 3.5%.In the worldwide Supermarkets and Hypermarkets segment, the United States, Canada, Japan, China, and Europe are expected to grow at a CAGR of 4.8 percent. These regional markets are anticipated to be worth $42.6 million by 2027.

China will continue to be one of the fastest expanding markets in this cluster of regional markets. By 2027, the Asia Pacific market is expected to reach $33,4 billion, led by countries like Australia, India, and South Korea, while Latin America is expected to grow by 5.5 percent over the analysis period.

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