Global Winter Sports Apparel Market 2019-2023
About this market
Vendors operating in the market offer a variety of winter sports apparel suitable for different types of winter sports. The winter sports apparel offered by the company feature comfortable stretch fit/performance-enhancing body mapping construction, backpack compatible hand pockets, underarm ventilation, elastic sleeve cuffs, adjustable sleeve tabs, and several other features. The vendors operating in the global winter sports apparel market continuously focus on their pricing strategy. Cost optimization and portfolio innovation provide a competitive advantage to the vendors to optimize their bottom-line (profit) with effective profit margin strategy. The availability of multifeatured winter sports apparel will have a positive impact on the market under focus during the forecast period. Technavio’s analysts have predicted that the winter sports apparel market will register a CAGR of over 5% by 2023.
Increasing participation in winter sports
The increasing participation in winter sports is driving the global winter sports apparel. Globally, the growing emphasis on sports has led to a surge in the number of sports tournaments. Similarly, the number of winter sports tournaments are increasing which is attracting numerous sport enthusiasts across the world to participate.
High costs of winter sports infrastructure
High cost of winter sports infrastructure hampers the growth of the global winter sports apparel market. Countries across the world lack infrastructure for multiple sports, as usually, a majority of the population in any country follows one sport. Such a tendency negatively affects the growth prospects of other sports, including winter sports, and revenue generation. The lack of infrastructure for winter sports hinders the growth opportunities for winter sporting events globally.
For the detailed list of factors that will drive and challenge the growth of the winter sports apparel market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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