Global Rugby Apparel Market 2019-2023
About this market
Introduction of new rugby tournament is driving the growth of the market in forecast period. The growing interest in sports has a direct impact on the number of sports tournament. The launch of new tournaments in regions where rugby is not so popular will continue to drive the rugby apparel market in these countries. Hence these factors are expected to aid in driving the market growth. Technavio’ s analysts have predicted that the rugby apparel market will register a CAGR of over 5% by 2023.
Growth in development programs of rugby unions
Globally the number of rugby players increased between 2007 and 2017. This significant increase in the number of players is boosting the growth of the global rugby apparel market and is expected to be mostly driven by the developments and services received from regional committees, which comprises a representative from each regional association.
Inconsistent raw material prices
Rugby apparel manufacturers are experiencing fluctuations in their profit margins, owing to the volatility in raw material prices and the increasing vendor competition. As the establishment costs are low, an influx of local players has been observed in recent times. the continuous challenge in vendors profit margins acts as a major challenge of the growth of the market.
For the detailed list of factors that will drive and challenge the growth of rugby apparel market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies including Adidas AG and Grays of Cambridge (International) Ltd the competitive environment is quite intense. Factors such as the growth in development programs of rugby unions and introduction of new rugby tournament, will provide considerable growth opportunities to rugby apparel manufactures. Adidas AG, Grays of Cambridge (International) Ltd, Nike Inc., Pentland Brands Ltd., and Under Armour Inc. are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Rugby Apparel Market 2019-2023
Technavio recognizes the following companies as the key players in the global rugby apparel market: Adidas AG, Grays of Cambridge (International) Ltd, Nike Inc., Pentland Brands Ltd., and Under Armour Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the customization of rugby apparel.”
According to the report, one of the major drivers for this market is the growth in development programs of rugby unions.
Further, the report states that one of the major factors hindering the growth of this market is the inconsistent raw material prices.
Grays of Cambridge (International) Ltd
Pentland Brands Ltd.
Under Armour Inc.
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