According to the market analysis, the global football sportswear market is segmented into type, end user, distribution channel and region.
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, USA, September 22, 2022 /EINPresswire.com/ — Allied Market Research has released a new report titled “football sportswear market by Type, End User and Distribution Channel: Global Opportunities Analysis and Industry Forecast 2021-2027”.
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According to Football Sportswear Market Trends, on an end-user basis, the men’s segment is expected to reach $66,376.1 million by 2027, growing at a CAGR of 4.4%. This segment has gained significant share in the global football sportswear market and is expected to maintain its share during the forecast period 2021-2027.
Football sportswear includes shoes, socks, sweatpants, shirts and shorts, which are worn by football players and coaches. Growing participation in soccer sports, public interest in soccer events, and the desire to maintain a sporty look and keep up with the latest fashion trends are further driving the growth of the soccer sportswear market. Football sportswear has gained popularity in the global sportswear market, owing to growing health awareness and increasing adoption of fitness activities. Moreover, aggressive advertisements and celebrity endorsements also help the football sportswear industry pave the way for growth.
Based on distribution channel, the branded outlets segment is expected to reach $37,616.3 million by 2027, at a CAGR of 5.6%. The brand outlets are owned and operated by the manufacturers. In this, manufacturers such as Puma, Adidas and Nike sell their own branded products in stores. People are buying more and more products through branded outlets, because of the benefits associated with them, such as deep discounts, cheaper prices, and availability of products, which are not available through channels. of distribution.
People choose football as a career, where they can find coaching and analyst jobs. Various football clubs and academy programs are gaining popularity in emerging countries such as India and China which inspire people to choose football as their career option. For example, top football academies operating in India include Indian Tigers Football Academy (ITFA), Bhaichung Bhutia Football Schools (BBFS), DSK Shivajians Academy, Paris Saint-German Academy India and BOCA Juniors Football School India.
Football used to be mainly focused on the male segment, but nowadays women are the emerging audience of football events. The growth of progress in soccer shoes has mainly attracted male soccer fans and soccer players. Nike Mercurial Vapor Superfly II CR, Adidas F50 Adizero MiCoach, Joma Super Regate, NIKE ID- Boot Customization, ADIDAS CRAZYLIGHT and Puma NeonLite 2.0 are some of the advanced shoes that have gained popularity among sportsmen. For example, FlyWire consists of strands of Vectran, which is finer than human hair but stronger than steel. These strands are placed in strategic areas to provide support and it is weightless.
Regionally, Asia Pacific has been gaining popularity in the football sportswear market and is expected to grow at the highest CAGR during the forecast period. Emerging economies such as India and China have gained popularity for football events and participation in football sports is gradually increasing.
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In addition, many advertisements and promotions entice people to buy products. Sponsorships play a vital role in building brand image, which further boosts the sales of football boots and apparel. Various top brands such as Nike, Coca Cola, Barclays, Adidas and Red Bull have sponsored football kits for the biggest clubs in the world such as Manchester United, Barcelona and famous national teams such as Brazil. Sportswear manufacturers are increasingly releasing shoes and apparel signed by world famous footballers such as Cristiano Ronaldo. These signature football sportswear are driving the growth of the football sportswear market.
Players operating in the football sportswear market have adopted product launch and business expansion as the key development strategies to grow their market share, increase profitability, stay competitive in the market and gain opportunities in the football sportswear market.
Key Players profiled in this report include:
○ Adidas AG.
○ Asics Corporation
○ Columbia Sportswear Company
○ Fila Holding Corporation
○ Lululemon Athletica Inc.
○ New Balance Inc.
○ Ralph Lauren Company
○ Under Armor Inc.
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○ Reflective Sportswear Market by Manufacturer, Region, Type and Application Forecast to 2027
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