Sports and allied industry research gap
Answers
Answer:
Sports Equipment and Apparel Market by Product Type (Equipment and Apparel), Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports, Winter Sports, Watersports, and Others), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2020–2027
Explanation:
global sports equipment and apparel market size was valued at $470,403 million in 2019 and is expected to grow at a CAGR of 7.2% to reach $817,170 million by 2027. North America was the highest contributor to the global sports equipment and apparel market with $138,758 million in 2019.Sports equipment and apparel are sporting goods used while engaging in sport activates. However, consumers actively wear sports apparel during non-sports hours.
The growth of the sports equipment and apparel market can be attributed toincrease in sports and fitnsess awareness across the globe. Furthermore, rise in expenditure on sports training and development among children, owing to increase in consciousness about the benefits of engaging in sports activities such as increased concentration and problem-solving ability fuels the demand for sports equipment and apparel