NEW YORK, Nov. 29, 2021 /PRNewswire/ — The reflective sportswear market is expected to grow by USD 709.46 million from 2020 to 2025, progressing at a CAGR of 5.05% according to the latest report by Technavio.
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Reflective Sportswear Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our reflective sportswear market report covers the following areas:
- Reflective Sportswear Market size
- Reflective Sportswear Market trends
- Reflective Sportswear Market industry analysis
Reflective Sportswear Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Corp., Columbia Sportswear Co., Hanesbrands Inc., Nike Inc., PUMA SE, PVH Corp., Shimano Inc., Under Armour Inc., and Vista Outdoor Inc. are some of the major market participants.
Reflective Sportswear Market 2021-2025: Drivers & Challenges
The improved marketing strategies by key competitors, physical and mental fitness benefits associated with extreme sports, and the increasing number of fatalities resulting from hard adventure sports activities will offer immense growth opportunities. However, an alarming decline in vendor profit margin will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Reflective Sportswear Market 2021-2025: Segmentation
- Distribution Channel
- North America
- South America
Reflective Sportswear Market 2021-2025: Key Regions & Revenue Generating Segment
33% of the market’s growth will originate from North America. The US is the key market for reflective sportswear in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.
The reflective sportswear market share growth by the apparels segment will be significant for revenue-generating. Technavio report entails detailed information on all segments in store for vendors, which will assist in creating efficient business plans.
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Reflective Sportswear Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist reflective sportswear market growth during the next five years
- Estimation of the reflective sportswear market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the reflective sportswear market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of reflective sportswear market vendors
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Reflective Sportswear Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.05%
Market growth 2021-2025
USD 709.46 million
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 33%
Key consumer countries
US, UK, Germany, China, and Japan
Leading companies, competitive strategies, consumer engagement scope
adidas AG, ASICS Corp., Columbia Sportswear Co., Hanesbrands Inc., Nike Inc., PUMA SE, PVH Corp., Shimano Inc., Under Armour Inc., and Vista Outdoor Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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