adv-06

“Global sports apparel market is projected to expand by 4.9 percent in 2027”- Recent Report

adv-07

sports-appareA recent report by ResearchAndMarkets.com said that that the global sports apparel market is projected to expand by 4.9 percent in 2027 to reach $247.4 billion. The report states that by the end of the analysis period discount stores are expected to increase by CAGR 4.7 per cent to $ 81.2 billion. For the next seven years, the brand segment will grow to 4.5% of CAGR.

China is expected to grow by CAGR 7.8% between 2020-2027 and $51.9 billion by 2028, with the second largest economy in the world. Other markets such as Japan and Canada are predicted to grow by 2,8%, or 3,9% between 2020 and 2027, while Germany is predicted to grow by around 3,5%. The United States, Canada, Japan, China and Europe will grow in the global Supermarkets & Hypermarkets segment in the forecasted period to 4.8% of CAGR. By 2027, these regional markets are expected to reach $42.6 million. In this cluster of regional markets, China will remain amongst the fastest growing. The Asia Pacific market is forecast to reach $33,4 billion by 2027, led by countries like Australia, India and South Korea, while Latin America will expand over the analysis period to 5.5 per cent.

 

We send out weekly newsletter.It's free!

Our intelligent team curate fresh news & updates to entertain our valued audience

You are almost done. Please check your inbox or spam folder to confirm your subscription.