Market Overview:
The global basketball apparel market size is expected to reach USD 25.06 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐚𝐬𝐤𝐞𝐭𝐛𝐚𝐥𝐥 𝐀𝐩𝐩𝐚𝐫𝐞𝐥?
One kind of uniform that basketball players wear is a basketball uniform. It consists of sports shoes, shorts, and a jersey with the player’s number and usually their last name on the back. Participants in groups don uniforms that reflect the team colors; the visiting group typically wears a darker uniform, while the house team typically don a brighter one.
Different basketball clubs have additional rules about what kind of uniforms are allowed on the floor. A limited number of outfits were created and sent to basketball players. Over the following decades, basketball uniforms evolved in terms of kind, quantity, and fit, typically modeling themselves after popular fashion trends of the time.
Some of the major players operating in the global market include:
- Adidas
- ANTA Sports
- FILA
- Jordan Brand
- Li-Ning
- New Balance
- Nike
- Peak Sport
- Puma
- Reebok
- Spalding
- Under Armour
Key Market Drivers:
- Rising Global Popularity of Basketball: Basketball’s global popularity continues to surge, driven by international competitions like the NBA and the increasing accessibility of the sport. This increased popularity translates into higher demand for basketball-related apparel.
- Athleisure Trend: The rise of athleisure wear has significantly impacted the market. Basketball apparel, with its stylish and comfortable designs, seamlessly integrates into everyday wear, expanding its appeal beyond just on-court performance.
- Celebrity Endorsements and Collaborations: High-profile athlete endorsements and collaborations with renowned designers continue to drive demand and influence consumer preferences.
- Technological Advancements: Innovations in fabric technology, such as moisture-wicking materials and performance-enhancing fabrics, are constantly improving the comfort and functionality of basketball apparel.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
Basketball Apparel Market, Regional Outlook (Revenue – USD Billion, 2019-2032)
- North America
- Product Type Outlook
- Top Wear
- Bottom Wear
- Shoes
- Others
- Demographics Outlook
- Men
- Women
- Kids
- Sales Channels Outlook
- Franchised Sports Outlet
- Direct to Customer Brand Outlet
- Direct to Customer Online Channel
- Third-party Online Channel
- Product Type Outlook
- Europe
- Product Type Outlook
- Top Wear
- Bottom Wear
- Shoes
- Others
- Demographics Outlook
- Men
- Women
- Kids
- Sales Channels Outlook
- Franchised Sports Outlet
- Direct to Customer Brand Outlet
- Direct to Customer Online Channel
- Third-party Online Channel
- Product Type Outlook
- Asia Pacific
- Product Type Outlook
- Top Wear
- Bottom Wear
- Shoes
- Others
- Demographics Outlook
- Men
- Women
- Kids
- Sales Channels Outlook
- Franchised Sports Outlet
- Direct to Customer Brand Outlet
- Direct to Customer Online Channel
- Third-party Online Channel
- Product Type Outlook
- Latin America
- Product Type Outlook
- Top Wear
- Bottom Wear
- Shoes
- Others
- Demographics Outlook
- Men
- Women
- Kids
- Sales Channels Outlook
- Franchised Sports Outlet
- Direct to Customer Brand Outlet
- Direct to Customer Online Channel
- Third-party Online Channel
- Product Type Outlook
This section of the research report provides an analysis of the geographic landscape of the Basketball Apparel Market. It covers several aspects like industry share, gross margin and growth rate for all the major regions of the industry. By going through the regional analysis section, businesses can better understand the needs and wants of their target market. Also, it enables companies to make informed decisions about the products or services they’re providing. Furthermore, the research report provides an in-depth analysis of all the major sub-regions for a comprehensive understanding of the market.
Recent Developments
- Fendi’s Basketball-Inspired Collection: Fendi’s launch of a basketball-inspired collection demonstrates the growing influence of basketball culture on high-fashion and luxury brands.
- Nike’s Player Jersey Initiative: Nike’s partnership with top basketball stars to sell player jerseys directly to fans opens up a new revenue stream and strengthens the brand’s connection with consumers.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/basketball-apparel-market
These developments illustrate the dynamic nature of the basketball apparel market and its potential for continued growth.
Table of Contents:
- Global Basketball Apparel Market Insights
4.1. Basketball Apparel Market – Sales Channels Snapshot
4.2. Basketball Apparel Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising number of professional basketball tournaments to foster basketball apparel market growth
4.2.1.2. The emergence of e-commerce platforms to drive basketball apparel market growth
4.2.2. Restraints and Challenges
4.2.2.1. The presence of counterfeit products to restrain basketball apparel market growth
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Basketball Apparel Market Sales Channels Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Basketball Apparel Market, by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Basketball Apparel Market, by Product Type, 2019-2032 (USD Billion)
5.3. Top Wear
5.3.1. Global Basketball Apparel Market, by Top Wear, by Region, 2019-2032 (USD Billion)
5.4. Bottom Wear
5.4.1. Global Basketball Apparel Market, by Bottom Wear, by Region, 2019-2032 (USD Billion)
5.5. Shoes
5.5.1. Global Basketball Apparel Market, by Shoes, by Region, 2019-2032 (USD Billion)
5.6. Others
5.6.1. Global Basketball Apparel Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Basketball Apparel Market, by Demographics
6.1. Key Findings
6.2. Introduction
6.2.1. Global Basketball Apparel Market, by Demographics, 2019-2032 (USD Billion)
6.3. Men
6.3.1. Global Basketball Apparel Market, by Men, by Region, 2019-2032 (USD Billion)
6.4. Women
6.4.1. Global Basketball Apparel Market, by Women, by Region, 2019-2032 (USD Billion)
6.5. Kids
6.5.1. Global Basketball Apparel Market, by Kids, by Region, 2019-2032 (USD Billion)
The growing popularity of basketball as a professional sport as well as a recreational activity leads to a larger customer base for basketball apparel worldwide. The growing focus of major companies on the development of new performance-enhancing basketball apparel with characteristics like compression technology, moisture-wicking, and lightweight that appeal to both amateur and professional players, driving the growth of the market.
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