SPORTSWEAR MARKET IN CHINA

 

INTRODUCTION

                     China’s sportswear market is the largest and fastest growing market in the world. The two main trends for the fastest growth of this market is people adapting to an active lifestyle and participating in sports and exercises. Chinese consumers are always keen on the aesthetics of sportswear. The demand for business and  innovation is growing in recent times in China.

 

                    Another main reason for the largest market is the population of the millennials. In recent times, sportswear is becoming casual wear in fashion. Consumer’s mindset has changed in this aspect. As trends change there will be more opportunities for business and investment.

                  The Chinese government is supporting sporting events and active lifestyles to encourage economic benefits that sporting participation generates to the country. The country is also encouraging a healthier lifestyle which, in the long term will reflect the healthcare cost.  

CHINA SPORTSWEAR MARKET SIZE AND FORECAST

 The China sportswear market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.

 

RECENT DEVELOPMENTS IN ACTIVEWEAR MARKET IN CHINA

Sl No.	Company	Year	Development
1.	Adidas	Feb. 2022	Extensive sports bras for women to make active lifestyles more effective Adidas launched its new collections.
2.	Anta	Jan, 2022	Western sportswear brands are losing their ground in china. Local consumers opted for Anta, a Chinese brand.
3.	PUMA	Nov, 2021	PUMA made its debut in CIIE demonstrating commitment to China. PUMA is seeing no end to China’s woes as sportswear brands suffer from boycott continuation.
4.	Skechers	Dec, 2020	Skechers expected  double digit sales growth in China for the next five years.
5.	Asics	Feb, 2022	Asics beats china controversies, yields to profit.

 

COMPANY PROFILES

1. Adidas
2. Nike
3. Anta
4. PUMA
5. Skechers
6. Asics

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average selling price in the  China sportswear  Market right now and how will it change in the next 5-6 years? 
2. Market share of China sportswear  manufacturers and their upcoming products
3. Cost advantage for OEMs who manufacture China sportswear  in-house
4. 5 key predictions for next 5 years in China sportswear Market
5. Latest trends in China sportswear  Market, by every market segment
6. The market size (both volume and value) of China sportswear  Market in 2023-2030and every year in between
7. Global production breakup of China sportswear Market, by suppliers and their OEM relationship
8. What is happening overall in the China sportswear market.
9. Who are the major players in the China sportswear market?
10. What are the business opportunities in China’s sportswear Industry?
11. What is the target group ?
12. What are the strategies for the China sportswear market in the next five years?
13. What are the Threats in China’s sportswear market in the next five years.