Research and Markets has announced the addition of the "Global Sports Intimate Wear Market 2016-2020" report to their offering.
The global sports intimate wear market to grow at a CAGR of 10.20% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global sports intimate wear market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of sports intimate apparel, swimwear, and compression wear at retail prices. The report also includes a discussion of the key vendors operating in this market.
The demand for sweatpants has been gaining traction since 2012. Further, innovations such as use of seamless' materials, as well as the shift in young women's attitudes toward dressing for comfort as well as style, have contributed to the rise in sales of fuller-bottomed briefs and a decline in sales of thongs; sales of thongs dropped by 8%, while sales of fuller-bottomed underwear grew by over 15% in 2014.
According to the report, rising awareness about fitness and a healthier lifestyle, globally, has led to the introduction of several new products and services, and also led to an increase in the number of fitness facilities around the world. With the onset of this trend in 2012, a large number of people are signing up for gym memberships and other fitness activities, leading to the current generation being termed as a 'fitness crazy' generation. Though this trend is applicable to less than 18% of the population, it is still a significant number and a strong movement toward a healthier lifestyle. In the US alone, over 55 million people enrolled in a gym or a fitness center in 2015, and an increase of over 19% compared to 2008. On a global scale, fitness clubs have earned a revenue of almost $87 billion in 2015 alone. This inclination toward a healthier lifestyle has also led to consumers buying fitness apparel and gadgets to keep track of their daily routines and fitness levels. This has been and will continue to be one of the major growth drivers for the sports intimate wear market.
Further, the report states that sports intimate wear are offered by a large number of companies, and beyond the materials used and the stitching patterns, there are no unique feature or advantages that one manufacturers' products have over the others. Whether one considers the compression top Pro Combat from Nike, or the TechFit compression top from Adidas, the materials used are the same, and so are the benefits of wearing them, and the way the fit.
• Under Armour
Other prominent vendors
• Lululemon Athletica
• New Balance
• Stella McCartney
• TYR Sport
• Victoria's Secret
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Source : businesswire.com