2014-03-12 22:05:04 - Asia Pacific Athletic Apparel and Footwear Market Outlook to 2017 - a new market research report on companiesandmarkets.com
The Asia-Pacific athletic apparel market is expected to reach a total value of around $29.8 billion by the end of 2017, growing at a CAGR growth rate of 11.5% between 2013 and 2017. This growth will be driven by a number of key factors, including an increase in the number of sports and recreational facilities and fitness gyms in most Asian countries.The athletic apparel and footwear market in Asia-Pacific region has grown at a CAGR of 9.5% from 2006-2012. The growth in the region´s market is primarily driven by China and India which have emerged as the largest suppliers of athletic apparels and footwear in the world. China has emerged as the most prominent and largest market for sports apparel
and footwear in Asia-Pacific region. During 2006-2012, China and India accounted for the highest growth rates in the market for athletic footwear with average growth rates of 21.9% and 15.9% respectively during the period.The athletic footwear market in Asian countries has witnessed a strong demand for walking, running, basketball, training and toning shoes over the last few years. The Beijing Olympics 2008, FIFA world Cup 2010, commonwealth games in India and cricket world cup during 2010 also had its effect on the athletic footwear market in these countries.The athletic apparel and footwear market in Asia-Pacific has surged in the recent years due to a rise in consumer inclination towards healthy lifestyles, spur in sports participation rate, changing fashion trends and shifting consumer preferences towards popular brands. The market has exhibited prolonged development due to the driving factors such as rising demand for innovative designs, growing awareness about healthy and active lifestyle, rising population and disposable income levels and the growth of retail culture in the region over the last few years.The Asia-Pacific market for athletic apparels and footwear is mainly held by China, Japan, Australia, and India with China. China has been the largest contributor to athletic apparel market with a share of ~% to the revenue generated through the sales of athletic apparels in the region followed by Japan with a share of ~% and Australia and India together accounting for ~% of the revenue in 2012.The athletic footwear market in the region is primarily held by China generating ~% of the market followed by Japan generating revenue worth USD ~ million in 2012. Australia and India together held ~% of the market in 2012.A major trend in the sporting industry in Asia is the convergence of casual design and athletic designs. Moreover, the youth segment of the population has also been the major consumer group for sports apparel and footwear. There has been an increase in the adoption of sports apparel and footwear as casual wear since most of the youngsters imitate their sporting idols and purchase the same brand and design of apparel or footwear that their favorite celebrities endorse, thus driving the athletic apparel and footwear industry in the region. The market has exhibited prolonged development due to the driving factors such as rising demand for innovative designs, growing awareness about healthy and active lifestyle, rising population and disposable income levels and the growth of retail culture in the region over the last few years.
In Asia-Pacific region, the sports and sport inspired apparel & footwear market has been on an up rise. Sports fashion trend is offering greater opportunity for major brands such as Nike, Adidas, Reebok, Puma and these brands have ventured into the less matured markets of India, China where the sport fashion business is booming and the consumers are brand conscious.Aggressive promotion activities by domestic and international brands, evolving fashion trends towards less athletic and more casual look, rising standards of living and a growing number of sportswear companies in India, China, Australia leveraging on the internet platform in order to diversify the sales and marketing channels is expected to drive the industry growth in the future.Key Topics Covered in the Report- The market size of the Asia-Pacific athletic apparel and footwear Industry, 2006-2012.
- The market size of the athletic apparel and footwear market in the countries such as China, Japan, Australia and India, 2006-2012.
- Market segmentation of athletic apparel market in China, Australia and India by gender, 2012
- Market Segmentation of athletic footwear market by footwear categories in China, Japan, Australia and India, 2012
- Market Share of leading players in athletic apparel market in China and Japan,2011
- Market share of leading players in athletic footwear market in China and Japan , 2011
- Market share of athletic apparel and footwear in India, 2011.
- Competitive landscape of major players in Australia athletic apparel and footwear market
- Trends and developments in athletic apparel and footwear market in China, Japan, Australia and India
- Future outlook and projections of the basis of revenue in Asia-Pacific and by countries: China, Japan, Australia and India, 2013-2017
- Macroeconomics and industry factors including personal disposable income, population, GDP, import and export of sports footwear, consumer expenditure on clothing and footwear.
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