Over the years, consumer spending on sportswear and accessories has escalated, which is encouraging brands to come up with new and innovative products. Factors as such are expected to reflect favorably on the future prospects of the global sports accessories market. Moreover, higher focus on integration of technology as well as quick adaption to changing trends is also expected to benefit the market in the forthcoming years. Global sales of sport accessories is also gaining traction owing to emergence of online retail platforms that are offering products at relatively low prices. In fact, many of the leading brands are entering the e-commerce domain to increase their online presence and maintain a competitive edge. Fact.MR’s recently published report projects that the global sport accessories market will surge at an above average CAGR between 2017 and 2022.
Global sport accessories market is projected to register a steady CAGR during the forecast period 2017 to 2022, according to a recent research by Fact.MR. Fact.MR’s report estimates the global market for sport accessories to rake in nearly US$ 95,000 Mn revenues by 2022-end.
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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.
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
Fact.MR’s report profiles key players in the global market for sport accessories, which include Adidas AG, PUMA SE, NIKE, Inc., Wolverine World Wide, Inc., V.F. Corporation, New Balance, Inc., ASCIS Corporation, Apple, Inc., Everlast Worldwide, Inc., Decathlon S.A., and Under Armour, Inc.
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Table of Contents:
Continued….\
- Global Smart Sports Accessories Market - Executive Summary
- Global Smart Sports Accessories Market Overview 2.1. Introduction 2.1.1. Global Smart Sports Accessories Market Taxonomy 2.1.2. Global Smart Sports Accessories Market Definition 2.2. Global Smart Sports Accessories Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Smart Sports Accessories Market Y-o-Y Growth 2.3. Global Smart Sports Accessories Market Dynamics 2.3.1. Drivers 2.3.2. Restraints 2.3.3. Trends 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Raw Material Sourcing Strategy and Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Smart Sports Accessories Market Analysis and Forecast By Product Type 3.1. Global Smart Sports Accessories Market Size and Forecast By Product Type, 2012-2022 3.1.1. Head gear Smart Sports Accessories Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Goggles Smart Sports Accessories Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 3.1.3. Hiking Jacket Smart Sports Accessories Market Size and Forecast, 2012-2022 3.1.3.1. Revenue (US$ Mn) Comparison, By Region 3.1.3.2. Market Share Comparison, By Region 3.1.3.3. Y-o-Y growth Comparison, By Region
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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 Sports 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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