The sportswear market was valued at over 540 billion Indian rupees in 2018 across the country, almost 100 billion more than the previous year. An overall exponential rise in the market value of sports apparel and footwear was witnessed over the years from 2015.
India’s apparel market was expected to grow at a rate of about 11 percent and reach a value of 85 billion U.S. dollars by 2021. The kids wear segment accounted for about 20 percent of the total apparel market in India in 2018. The segment was predicted to reach nearly 1.7 trillion Indian rupees by 2028.
Growth in the Indian apparel industry
The rise of urbanization, along with other aspects seemed to have transformed the apparel industry in India. Over the years, the market witnessed steady growth. Furthermore, the textile sector is one of the oldest in the country and employed around ten million people in 2019. With a wide range of choice between hand-spun and hand-woven textiles to sophisticated mill products, different parts of the country take pride in donning their regional and cultural outfits. This had, in recent years expanded to include fusing styles of clothing from the other parts of the world, giving the entire market an eclectic makeover.
Apparel exports from India
In 2018, apparel exports from India amounted to around 16.7 billion dollars. Offline sales dominated the export channel, with fabric being the leading exported product. The value of exports from the country has slightly dipped in the last two years. One reason for this could be competition from counties like China and Vietnam. Additionally, Bangladesh’s duty-free agreement with the European Union further challenges India’s apparel exports. Nevertheless, manufacturers in the country have shifted their focus to diversifying exports to Hong Kong, Japan and South Africa. It remains to be seen if this can make up for the dip in exports since 2018.
In fiscal year 2023, the apparel market size was valued at over five trillion Indian rupees in India. The market size of the apparel industry is likely to increase to over 10 trillion Indian rupees by fiscal year 2027.
The compound annual growth rate of the apparel segment in the fashion market was estimated to be about 14.4 percent from 2018 to 2023 across the country. The sportswear segment had the highest growth rate of over 22 percent compounded annually in that year, in comparison to the other segments.
The sports and athleisure retail market in India was valued at 158 billion Indian rupees in financial year 2021, and estimated to grow to 402 billion rupees by financial year 2025. Footwear made up the largest chunk of the market during the measured time period, amounting to about 90 billion rupees in 2021, and projected to grow by 21 percent by 2025.
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The protective clothing market is estimated to be valued at US$ 11.59 billion in 2023 and is expected to hit US$ 21 billion by 2033. The adoption of protective clothing likely to advance at a CAGR of 6.1% during the forecast period. The unforeseen global pandemic has thrust protective clothing into a new spotlight. Demand surged for medical-grade and antiviral apparel, igniting innovation in fabrics and designs that can mitigate the spread of infectious agents. This unanticipated surge has unveiled a previously untapped potential within the market.
Attribute | Details |
---|---|
Estimated Market Size 2023 | US$ 11.59 billion |
Projected Market Size 2033 | US$ 21 billion |
CAGR from 2023 to 2033 | 6.1% |
Report Scope
Report Attribute | Details |
---|---|
Market Value in 2023 | US$ 11.59 billion |
Market Value in 2033 | US$ 21 billion |
Growth Rate | CAGR of 6.1% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
Customization& Pricing | Available upon Request |
Spandex Fiber Market Size 2024-2028
The spandex fiber market size is forecast to increase by USD 4.03 billion at a CAGR of 7.2% between 2023 and 2028.
The market is experiencing significant growth due to its versatility in various applications, including home furnishing, stretchable clothing, and baby diapers. In the home furnishing industry, spandex fiber is used to create elastic and comfortable upholstery for sofas and chairs. In the fast fashion industry, spandex fiber is increasingly popular in sportswear and casual wear due to its superior elasticity and ability to retain shape. The market is also driven by the use of spandex fiber in baby diapers and surgical gloves, where elasticity is essential. However, concerns regarding synthetic fibers and their potential impact on the environment are emerging trends in the market. Additionally, the possibility of skin allergies triggered by spandex fiber is a challenge that manufacturers must address to maintain consumer trust. Overall, the market is poised for continued growth, driven by its unique properties and expanding applications in various industries.
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The global market is experiencing significant growth due to its increasing application in various industries. This high-performance fiber is widely used in the production of home textiles, athletic apparel, baby care products, medical textiles, and medical device packaging. Spandex fiber, also known as elastane, is a type of synthetic fiber known for its exceptional elasticity and stretchability. It is produced through the process of polyurethane elastomers and is often blended with other fibers to create high-performance fabrics. The textile industry benefits from spandex fiber's unique properties, enabling the production of breathable, lightweight, and moisture-managing fabrics. In the healthcare sector, spandex fiber is used to create comfortable, stretchable materials for medical textiles, medical device packaging, and eco-friendly hygiene products. The use of spandex fiber extends beyond textiles and into various industries, including disposable medical supplies, disposable gloves, and UV protection clothing. Its elasticity and flexibility make it an ideal choice for manufacturing stretch fabric and non-woven fabrics.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
Apparel and clothing
Medical
Others
Geography
APAC
China
India
North America
Canada
US
Europe
South America
Middle East and Africa
By Application Insights
The apparel and clothing segment is estimated to witness significant growth during the forecast period.
Spandex fiber holds a significant role in various industries, particularly in home furnishings and apparel. The increasing trend of stretchable clothing, including sports and fitnesswear, has driven the demand for spandex fibers. This synthetic fiber offers elasticity and flexibility, making it an ideal choice for water sports and other physical activities. Moreover, its eco-friendliness is a plus, as spandex is derived from renewable butanediol, which is sourced from corn. Blends of spandex with cotton, rayon, polyester, or nylon fibers create durable and long-lasting fabrics.
Further, the versatility of spandex extends to baby diapers, surgical gloves, and intimate apparel, contributing to the market's growth. The market is poised for continued expansion, catering to the evolving fashion trends and consumer preferences. Hence, such factors are fuelling the growth of this segment during the forecast period.
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The apparel and clothing segment was valued at USD 5.68 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 56% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Spandex fiber, a high-performance polymer, is experiencing significant growth in the Asia Pacific (APAC) region, with India and China leading the charge. The increasing popularity of sports and fitness activities, coupled with rising disposable income, has fueled demand for high-quality, performance-oriented apparel, including compression garments and surgical hoses. In addition, the shift towards sustainability is driving innovation in the in
Smart Wearable Fitness and Sports Devices and Services Market Size 2024-2028
The smart wearable fitness and sports devices and services market size is forecast to increase by USD 89.32 billion at a CAGR of 14.91% between 2023 and 2028.
The market is experiencing significant growth driven by the increasing awareness of the benefits of maintaining a healthy lifestyle and the expanding utilization of these devices in sports analytics. The global market is witnessing a rise in demand as consumers seek to monitor their physical activity, track workouts, and monitor their health metrics in real-time. Furthermore, the integration of advanced technologies such as artificial intelligence and machine learning in these devices is enabling more accurate and personalized health insights. However, the market also faces challenges, including the growing prevalence of counterfeit smart wearable products, which can negatively impact market growth and consumer trust.
Additionally, privacy concerns and data security issues may hinder the adoption of these devices, particularly among those who are wary of sharing sensitive health information. To capitalize on market opportunities and navigate these challenges effectively, companies must prioritize product innovation, invest in strong security measures, and build trust with consumers through transparent data handling practices. By staying abreast of market trends and addressing consumer concerns, players in the market can position themselves for long-term success.
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The market encompasses a diverse range of technologies designed to enhance athletic performance and promote healthier lifestyles. This burgeoning industry is driven by several key factors, including the proliferation of app development and data analytics, the expansion of the wearable ecosystem, and the integration of advanced sensors and wireless communication modules. Wearables, including smartwatches, fitness bands, and athletic wearables, are increasingly integrated with GPS modules, accelerometers, microcontrollers, displays, and batteries to provide real-time health monitoring and performance metrics. Third-party accessories and IoT-based apparel further expand the market's reach, enabling healthcare providers and patients to leverage wearable technology for disease detection and management.
Sports organizations, teams, and athletes are also adopting these technologies to optimize training regimens and enhance competitive edge. Artificial intelligence and machine learning are poised to revolutionize the industry by providing personalized insights and recommendations based on individual user data.
How is the Smart Wearable Fitness and Sports Devices and Services Industry segmented?
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Product
Smart wearable fitness devices
Smart wearable sports devices
Distribution Channel
Online
Offline
Geography
North America
US
Canada
APAC
China
India
Europe
Germany
South America
Middle East and Africa
By Product Insights
The smart wearable fitness devices segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth, with the smart wearable fitness devices segment leading the way in 2023. This segment's expansion can be attributed to increasing consumer health consciousness and investments in building connected ecosystems. Smart wearable fitness devices, including fitness trackers and smartwatches, are designed for all-day use. Major manufacturers integrate advanced features such as IoT, artificial intelligence, and wireless connectivity into their products. Fitness trackers, in particular, have gained popularity for their health monitoring capabilities. The integration of technology in sports and fitness has led to the development of innovative devices and services, such as health tracking solutions, IoT-based apparel, and telehealth applications.
Consumer disposable income and the availability of third-party accessories have further fueled market growth. The market is expected to continue expanding, driven by advancements in technology and partnerships between wearables manufacturers, sports organizations, teams, athletes, and healthcare providers.
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The smart wearable fitness devices segment was valued at USD 29.30 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribut
Sportech Textiles Market Size 2024-2028
The sportech textiles market size is estimated to grow by USD 62.22 billion, at a CAGR of 16.83% between 2023 and 2028. There is a growing demand for sports apparel, accompanied by the widespread adoption of new technologies within the market. This trend is further fueled by the rising popularity of sports in emerging economies. The increasing consumer interest in sports apparel reflects a broader cultural shift towards active lifestyles and fitness-conscious choices. Concurrently, advancements in sportech textiles, such as non-woven fabric, are enhancing performance, comfort, and sustainability in athletic wear, catering to diverse sporting activities. In emerging economies, the burgeoning interest in sports not only boosts local economies but also stimulates innovation and investment in sportech textiles. This convergence of trends underscores the dynamic evolution of the sports apparel industry, where technological innovation meets global demand and cultural shifts towards healthier living and competitive sports participation.
What will be the Size of the Sportech Textiles Market During the Forecast Period?
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Sportech Textiles Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion ' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type Outlook
Woven fabric
Non-woven fabric
Knitted fabric
Application Outlook
Sports shoe components
Sports composites
Other sportech textiles
Geography Outlook
North America
The U.S.
Canada
Europe
U.K.
Germany
France
Rest of Europe
APAC
China
India
South America
Chile
Argentina
Brazil
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
By Type
The woven fabric segment is estimated to witness significant growth during the forecast period. The woven fabric segment is widely used in clothing and garments or for decoration and covering purposes and is manufactured using two or more sets of yarn that are woven at right angles to each other.
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The woven fabric segment was the largest and was valued at USD 13.68 billion in 2018. The woven fabric segment finds its primary application in products requiring extreme stability and high durability, such as sports shoes and composites. Technological textiles have been able to produce some materials that are harder than wood, which keep the skin dry, besides being waterproof like rubber and, at the same time, environment-friendly. Some of the major characteristics of woven fabric segments include dimensional stability, flexibility, low elongation, controlled porosity, high tensile strength in both longitudinal and crosswise directions, and high burst strength. high suture retention strength. The increasing demand for sports technical textiles and waterproof breathable textiles is expected to drive the market growth during the forecast period.
By Application
The market is segmented into categories of sports shoe components, sports composites and other sportech textiles. Factors such as the increasing trend and popularity of sportswear as casual wear and growing active lifestyle and sports participation among people (with a focus on fitness activities to combat obesity) are driving the growth of the sports shoe components segments. Apart from the above factors, the increasing number of innovative fiber and fabric materials launched by vendors to improve the performance, durability, and comfort of sports shoes will also increase sales of these sportech textiles products mentioned above during the forecast period.
By Region
APAC is estimated to contribute 46% during the forecast period.
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During the forecast period, Technavio's analysts have thoroughly discussed the regional trends and drivers influencing the global sportech textile market. Key countries in the APAC region, including China, Australia, Japan, India, and Vietnam, play a significant role in driving market growth. India, in particular, is experiencing a surge in demand for sportech textiles like sports footwear, accessories, composites, and gear, attributed to the increasing interest in leading a healthy lifestyle and engaging in sports and fitness activities. The region's growing popularity of sports, changes in lifestyle and dietary habits, and the rise in sporting events also contribute to the increasing adoption of sportech textiles.
Sportech Textiles Market Dynamics
The market is advancing rapidly
The size of the global apparel and footwear market in 2019 was 1.9 trillion U.S. dollars, and this was forecast to reach 3.3 trillion U.S. dollars by 2030.
Apparel market in Asia to grow Further forecasts suggest that the global apparel market could alone be valued at around 1.52 trillion U.S. dollars in 2020, with the largest demand share set to come from the Asia Pacific region. As of 2018, the United States generated the highest revenue from the apparel market, followed by China, India, and Japan – highlighting the emerging markets in Asia.
Sportswear brands pushing apparel market The sportswear market is one of the key apparel markets worldwide: it was valued at 265 billion U.S. dollars in 2019 and was predicted to increase by around 80 percent by 2025. Sportswear is made from materials that improve agility and offer comfort, specifically designed to aid performance during physical activities. Nike was the leading sportswear company worldwide in 2019, with sales generating more than 39 billion U.S. dollars.
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India Imports: Volume: HS: 95066100: Lawn-Tennis Balls data was reported at 2,512.490 Unit th in 2018. This records an increase from the previous number of 1,278.170 Unit th for 2017. India Imports: Volume: HS: 95066100: Lawn-Tennis Balls data is updated yearly, averaging 1,027.110 Unit th from Mar 1997 (Median) to 2018, with 22 observations. The data reached an all-time high of 2,862.910 Unit th in 2016 and a record low of 80.990 Unit th in 2000. India Imports: Volume: HS: 95066100: Lawn-Tennis Balls data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Foreign Trade – Table IN.JDS006: Foreign Trade: Harmonized System 8 Digits: By Commodity: HS95: Toys, Games & Sports Equipment, Parts & Accessories: Imports: Volume.
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As per newly released data by Future Market Insights (FMI), the sports and leisure equipment retailing market is estimated at US$ 332.5 billion in 2023 and is projected to reach US$ 624.1 billion by 2033, at a CAGR of 6.5% from 2023 to 2033.
Attributes | Details |
---|---|
Historical Value (2022) | US$ 331.4 billion |
Current Year Value (2023) | US$ 332.5 billion |
Expected Forecast Value (2033) | US$ 624.1 billion |
Historical CAGR (2018 to 2022) | 3.5% |
Projected CAGR (2023 to 2033) | 6.5% |
Country-wise Insights
Countries | Value CAGR (2023 to 2033) |
---|---|
United Kingdom | 10% |
China | 6% |
India | 12% |
Countries | 2022 Value Share in Global Market |
---|---|
United States | 7% |
Germany | 3% |
Japan | 5.5% |
Category-wise Insights
Segment | 2022 Value Share in Global Market |
---|---|
Equipment | 21% |
Outdoor | 26% |
Neoprene Fabric Market Size 2024-2028
The neoprene fabric market size is forecast to increase by USD 182.1 billion at a CAGR of 3.27% between 2023 and 2028. Neoprene fabric, known for its thermal insulation and waterproof properties, holds significant market potential in various industries, particularly automotive components and outdoor activities. In the realm of automotive, neoprene is utilized for manufacturing hoses, gaskets, and seals due to its hydrodynamic properties. In contrast, for outdoor enthusiasts, neoprene finds extensive application in surfing, kayaking, swimming, and other water sports. Neoprene's ability to provide chafing prevention and breathability makes it an ideal choice for waterproof jackets, shoes, and bags. Product innovation and portfolio extension are crucial market growth factors, leading to product premiumization. Consumers increasingly prefer purchasing sportswear online, making e-commerce platforms a significant sales channel.
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Neoprene fabric, a type of synthetic rubber derived from chloroprene, has gained significant popularity in various industries due to its unique properties. The market for neoprene fabric is driven by its wide range of applications, including wetsuits, elbow pads, gloves, electronic cases, lunch bags, mouse pads, scuba gear, footwear, fitness wear, and sportswear. Neoprene fabric is known for its low oxidation rate, ozone resistance, and weathering resistance, making it an ideal choice for products that require durability and resistance to environmental factors. Its performance features include rapid drying, bi-stretch ability, enhanced grip, lightweight, thin fabric, and elasticity. Neoprene fabric is often compared to other fabrics like polyester and spandex. However, its unique properties offer advantages such as quick-drying, anti-static, and long shelf life. The fabric's hydrogen gas production during polymerization is a concern, but advancements in production techniques have minimized this issue. The neoprene fabric market is expected to grow due to increasing demand for performance wear and sportswear. The market is competitive, with key players including Wetsuit Companies, Elite Wetsuits, and O'Neill. These companies focus on innovation and product development to cater to the evolving needs of consumers. Overall, the neoprene fabric market is expected to continue its growth trajectory due to its versatility and unique properties.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Polychloroprene rubber
Circular Knit
Geography
APAC
China
Japan
Europe
Germany
UK
North America
US
South America
Middle East and Africa
By Type Insights
The polychloroprene rubber segment is estimated to witness significant growth during the forecast period. Neoprene fabric, commonly known as polychloroprene, is a synthetic rubber material with notable properties such as ozone resistance, weathering resistance, and a low oxidization rate. These characteristics extend the shelf life of neoprene fabric-based products, even when exposed to ozone compounds and weathering stimulants. Furthermore, neoprene fabric exhibits resistance to various substances including natural and hydrogen gases, ammonium salts, silicone oils, mineral oils, greases, and an array of chemicals.
Additionally, neoprene fabric provides excellent thermal insulation, fire resistance, and a lightweight nature, making it a popular choice for manufacturing products like swimwear and sportswear. These features have significantly contributed to the increasing demand for neoprene fabric in diverse industries.
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The polychloroprene rubber segment accounted for USD 618.50 million in 2018 and showed a gradual increase during the forecast period.
Regional Insights
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Neoprene fabric, a versatile material widely used in health and fitness applications, is experiencing significant growth in the Asia Pacific (APAC) region. Factors such as evolving consumer lifestyles, rising disposable income, and a growing preference for premium athleisure wear are driving this trend. Furthermore, the wave in tourism in coastal countries like India, the Philippines, Australia, and Thailand is fueling the demand for neopre
Sports Turf Market Size 2024-2028
The sports turf market size is forecast to increase by USD 5.05 billion at a CAGR of 15.42% between 2023 and 2028.
The market is experiencing significant growth due to the increasing popularity of outdoor sports in North America, including baseball, hockey, rugby, and others. This trend is driving market expansion as demand for high-quality turf solutions rises to accommodate the growing number of athletes and sports enthusiasts. Additionally, the availability of advanced hybrid grass turfs is contributing to market growth, offering improved performance, durability, and cost-effectiveness compared to natural grass. However, health and safety concerns associated with sports turf products remain a challenge, with potential risks such as injuries from hard surfaces and exposure to harmful chemicals. Addressing these concerns through research and development of safer and more sustainable turf solutions will be crucial for market growth In the coming years.
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The market In the United States is experiencing significant growth, driven by the increasing demand for high-performance surfaces that cater to various sports and applications. Artificial turf, made from polyethylene and polypropylene fibers, continues to gain popularity due to its durability, low maintenance, and water conservation benefits. Technology launches focusing on enhancing turf performance and appearance are frequent. Fertilizer and mowing requirements are minimized with the use of artificial turf, making it an attractive option for homeowners, commercial properties, sports facilities, municipalities, urban landscapes, rooftops, and even large-scale installations like stadium pitches and training pitches. The trend towards water conservation is particularly relevant in regions experiencing water scarcity.Hybrid turf, which combines natural grass and artificial turf, is also gaining traction as it offers the best of both worlds. The market serves a diverse range of applications, including association football, rugby, American football, golf, and baseball grounds.
How is this Sports Turf Industry segmented and which is the largest segment?
The sports turf industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypePrivate sports facilitiesSchools/colleges and universitiesProfessional world class stadiumsProductPP sports turfPE sports turfNylon sports turfGeographyEuropeGermanyUKFranceNorth AmericaUSAPACChinaSouth AmericaMiddle East and Africa
By Type Insights
The private sports facilities segment is estimated to witness significant growth during the forecast period.
Private sports facilities, owned and operated by individuals, organizations, or companies, invest in premium sports turf to ensure optimal playing surfaces and an exceptional user experience. Factors influencing turf selection include the specific sport offered, maintenance requirements, budget, and user preferences. High-quality sports turf is essential for private facilities to maintain a competitive edge and cater to their members' needs. Sports turf options range from original grass to low maintenance alternatives, with irrigation requirements varying depending on the chosen turf type. Proper maintenance is crucial to maximize the lifespan and performance of the turf. In making an informed decision, facility managers should consider the unique characteristics and benefits of each turf type to create a sports environment that caters to their users' expectations.
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The Private sports facilities segment was valued at USD 1.24 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
Europe is estimated to contribute 38% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European the market is characterized by a diverse company landscape, with both small and large companies participating. Key countries In the region driving market growth include Germany, the UK, France, and Italy. Artificial grass surfaces have gained popularity in European sports events, with an increase in installations in Germany, particularly among municipalities and sports clubs, including the Bundesliga. In France, the market is fueled by the popularity of sports such as football, tennis, hockey, and golf, with notable stadiums lik
Textile Chemicals Market Size 2024-2028
The textile chemicals market size is forecast to increase by USD 5.7 billion at a CAGR of 4.6% between 2023 and 2028.
The market is experiencing significant growth due to the increasing use of technical textiles In the industrial manufacturing sector. This trend is driven by the demand for durable and high-performance textiles in various industries such as automotive, healthcare, and construction. Additionally, the growing number of favorable market developments, including advancements in textile technology and increasing consumer awareness towards eco-friendly textile chemicals, is further fueling market growth.
However, health and safety issues associated with the use of textile chemicals remain a challenge for market players. Regulations and stringent standards set by various regulatory bodies to ensure the safety and health of consumers and workers are pushing companies to invest in research and development of safer alternatives for textile manufacturing.
Overall, the market is expected to witness steady growth In the coming years due to these market trends and challenges.
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The market encompasses a wide range of specialized chemicals used In the production and finishing of various textile materials, including synthetic and natural fibers such as cotton and crude oil-derived fibers. Key end-use industries include clothing, automobile, technical textiles for industrial applications, personal hygiene, and sports and leisure. Textile chemicals play a crucial role In the manufacturing process, contributing to the production of high-quality textiles through the use of surfactants, colorants, finishing agents, desizing agents, and bleaching agents. Market dynamics are influenced by raw material supply and pricing, particularly for crude oil and cotton. Financials and consignment flow are significant factors, with textile contracts and production volumes impacting demand for textile chemicals.
Environmental concerns, including the reduction of volatile organic compounds (VOCs), carbon dioxide (CO2), sulfur oxides (SO2), and nitrogen oxides (NOx), are driving the development of eco-friendly alternatives and stricter regulations. Emerging trends include the increasing use of smart textiles and pollution control technologies, as well as the growing demand for sustainable textile production methods.
How is this Textile Chemicals Industry segmented and which is the largest segment?
The textile chemicals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
Apparel
Home textile
Technical textile
Product
Coating and sizing chemicals
Colorants and auxiliaries
Finishing agents
Surfactants
Desizing agents
Geography
APAC
China
India
North America
US
Europe
Germany
UK
South America
Middle East and Africa
By Application Insights
The apparel segment is estimated to witness significant growth during the forecast period.
Textile chemicals play a crucial role In the production of various apparel categories, including affordable clothing, professional attire, and sportswear. These chemicals are utilized throughout the textile manufacturing process, from fiber production to finishing. In the apparel industry, stabilizers, dyes, binders, softeners, leveling agents, mercerizing agents, and other finishing chemicals are extensively used to cater to specific end-use requirements. For instance, antibacterial and dust-repellent finishing chemicals are gaining popularity in sportswear production. Textile chemicals are also integral to the manufacturing of industrial textiles, such as e-textile, medical textiles, geotextiles, protective clothing, and smart textiles. Additionally, the use of biodegradable materials and eco-friendly finishing agents is on the rise to minimize environmental harm.
The market encompasses a diverse range of products, including surfactants, colorants, and various finishing agents, and is influenced by factors such as raw material supply, industrial production, and financials.
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The apparel segment was valued at USD 9.98 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 50% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions
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The winter wear market is estimated to be valued at US$ 330 billion in 2023 and is expected to reach US$ 490 billion by 2033. The adoption of winter wear is likely to advance at a CAGR of 4% during the forecast period. The merging of style and functionality in winter wear is captivating fashion-conscious consumers. Designers are redefining traditional winter apparel, crafting chic outerwear that transcends the season, appealing to a wider audience seeking trendy and versatile options.
Attribute | Details |
---|---|
Estimated Market Size (2023) | US$ 330 billion |
Projected Market Size (2033) | US$ 490 billion |
CAGR from 2023 to 2033 | 4% |
Report Scope
Report Attribute | Details |
---|---|
Market Value in 2023 | US$ 330 billion |
Market Value in 2033 | US$ 490 billion |
Growth Rate | CAGR of 4% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
Customization& Pricing | Available upon Request |
Football Equipment Market Size 2024-2028
The football equipment market size is estimated to grow by USD 1.70 billion at a CAGR of 2.15% between 2023 and 2028. A remarkable trend in the market is the growing preference for eco-friendly products. This shift is driven by increasing global environmental concerns, prompting football equipment and manufacturers of football apparel to replace traditional materials like leather, synthetic rubber, polyurethane, nylon, and other synthetics with organic cotton, water-based adhesives, and recycled plastics. Thermoplastic elastomers are also seeing rising usage across various types of sports equipment. Many emerging companies are introducing such products to meet the growing demand for eco-friendly alternatives. As a result, football shoes are now made from sustainable materials, not only benefiting the environment but also enhancing the shoes' lightness, thereby enabling players to achieve greater speed, agility, and comfort.
What will be the Size of the Football Equipment Market During the Forecast Period?
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Football Equipment Market Segmentation
The market is growing at a moderate pace due to the increasing popularity of football and rising demand for protective gear, and apparel. Industry players are focusing on optimizing their cost structure to offer competitive prices. The football equipment market is supported by statistical and comprehensive data that help strategists make informed decisions.
Distribution Channel Outlook
Offline
Online
Product Outlook
Football shoes
Footballs
Football protective equipment
Others
Region Outlook
Europe
The U.K.
Germany
France
Rest of Europe
South America
Brazil
Argentina
APAC
China
India
North America
The U.S.
Canada
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
By Distribution Channel
The market share growth of the offline segment will be significant during the forecast period. The offline distribution channel includes offline stores that sell products in a physical space. In such stores, buyers can check products before buying. The offline distribution channel for the market includes specialty stores, hypermarkets, supermarkets, and departmental stores. The prominent players in the market promote and sell football equipment, including football apparel, through specialty stores, as they offer greater visibility to products and a wide assortment of products. Specialty stores are significant in the sales of football equipment because they allow consumers to sample and evaluate products before buying. This is a convenient retail channel not only for end customers but also for companies.
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The offline segment shows a gradual increase in the market share of USD 12.79 billion in 2018. Consumers buy football equipment from supermarkets, hypermarkets, and department stores, as they stock a large portfolio of products. Moreover, these stores provide consumers with attractive discounts, and they usually offer economically priced brands. However, the shelf space for football equipment is low in these stores, which acts as a barrier to market growth. Hypermarkets that are present globally offer a wide range of football equipment. Some sporting goods supermarkets offer a wide range of football equipment, such as shinguard, ankle brace support, knee pad, and other football training equipment. Hence, such factors are fuelling the growth of this segment during the forecast period.
By Region
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Europe is projected to contribute 53% by 2028. Technavio's analysts have elaborately explained the regional market trends and drivers that shape football equipment market growth during the forecast period.
Europe accounted for the largest market share in 2022 and shall continue to lead the market during the forecast period. Football accounts for the largest share of the market, and the popularity of football is the major driver for market growth in the region. Europe also has the largest number of football clubs in the world and attracts some of the most popular players in the game. The Union of European Football Associations (UEFA) Champions League and the Euro Cup are popular football tournaments played in the region, which will garner more popularity for the game over the forecast period and, therefore, contribute to the growth of the market in focus in the region during the forecast period.
Football Equipment Market Dynamics
The football equipment market forecasting report provides a holistic evaluation of market volumes and trends. Factors such as rising sports participation rates, driven by the appeal of a healthy lifestyle and events like the FIFA World Cup, are contributing
Sustainable Fabrics Market Size 2025-2029
The sustainable fabrics market size is forecast to increase by USD 28.9 billion, at a CAGR of 8.6% between 2024 and 2029.
The market is experiencing significant growth due to the increasing demand for eco-friendly textiles in various applications, including medical textiles and home furnishings. The strong demand for biodegradable and natural fibers, such as cotton, hemp, and silk, is driving market growth. However, the high costs associated with sustainable fabrics, which include the use of textile chemicals, biodegradable polymers, and LED technology, are challenges limiting market expansion. In the apparel sector, there is a growing trend towards sustainable fabrics in sportswear and colorants, as consumers become more environmentally conscious. In the medical textiles segment, the focus is on insulation materials and textile waste disposal. Additionally, the use of fertilizers and textile manufacturing processes that minimize water usage and carbon emissions is gaining traction. Overall, the market is expected to continue growing as consumers and businesses prioritize sustainability and reduce their environmental footprint.
What will be the Size of the Sustainable Fabrics Market During the Forecast Period?
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The market encompasses a growing segment withIn the textile sector, driven by increasing consumer awareness and demand for environmentally friendly products. This market spans various applications, including sustainable apparel, furnishing, medical textiles, and more. Key trends include the use of organic cotton, eco-friendly materials, and fabrics with sustainable properties such as antibacterial, hypoallergenic, insulating, UV resistant, breathable, and absorbent. Emerging economies are also contributing to the market's economic prospects, with a focus on sustainable manufacturing and adherence to environmental laws.
The market is further shaped by the adoption of bio-based products, the circular economy, recycling, smart textiles, traceability, and the use of recycled materials and biocompatible fabrics. Antimicrobial fabrics are also gaining traction due to their health benefits. Overall, the market is experiencing significant growth and innovation, reflecting the industry's commitment to creating a more sustainable and eco-conscious future for textiles.
How is this Sustainable Fabrics Industry segmented and which is the largest segment?
The sustainable fabrics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Manmade/regenerated
Natural
Organic
Recycled
Application
Textiles/apparel
Household and furnishing
Medical
Others
Distribution Channel
Indirect channel
Direct channel
Geography
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
North America
Canada
US
South America
Middle East and Africa
By Product Insights
The manmade/regenerated segment is estimated to witness significant growth during the forecast period.
The market encompasses regenerated fibers derived from plant cellulose, offering softness, evenness, and infinite recyclability. With growing environmental consciousness, the fashion industry faces increasing scrutiny over water pollution, chemical use, and textile waste. In response, companies are introducing eco-friendly products, such as Bossa's Endless Blue collection, which features denim made from chemically recycled cotton waste, SaXcell fiber. These fabrics combine comfort and sustainability, addressing consumer demand for eco-friendly materials. The market for sustainable fabrics is driven by economic prospects, regulatory support, and corporate social responsibility.
Natural fibers, such as organic cotton, and recycled fibers are key raw materials, while manufacturing technologies, green dyes, and recycling contribute to the circular economy. Smart textiles, biocompatible fabrics, and antimicrobial fabrics are emerging trends. Product quality, traceability, and waste reduction are essential considerations. The textile sector in emerging economies presents significant opportunities for growth.
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The manmade/regenerated segment was valued at USD 19.30 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 43% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size of various region
The market value of textile and apparel across India in the financial year 2024 was 138 billion U.S. dollars and this value was estimated to reach 250 billion U.S. dollars by 2031. With a growing organized apparel sector and rising income levels, India was the world's second largest textile and clothing exporter with a steady growth forecast in this market.
Knitting And Crochet Market Size 2024-2028
The knitting and crochet market size is forecast to increase by USD 10.69 billion at a CAGR of 6.4% between 2023 and 2028.
The market is experiencing significant growth, driven by initiatives for training and employment opportunities In the textile industry. Innovations in knitting machines continue to shape the market, offering increased efficiency and productivity. However, challenges persist for the textile industry, including rising raw material costs and increasing competition from low-cost producers. These factors necessitate continuous innovation and adaptation to remain competitive. Synthetic fibers like acrylic, nylon, and polyester, on the other hand, offer advantages such as durability, ease of care, and a wider color palette. Overall, the market is expected to grow steadily, with a focus on sustainable and technologically advanced solutions.
What will be the Size of the Knitting And Crochet Market During the Forecast Period?
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The knitting and crochet market encompasses the production and sale of yarn, knitting needles, crochet hooks, knitting looms, and crochet thread, as well as the creation and distribution of knitting and crochet projects. This market caters to a diverse demographic, with participants ranging from hobbyists seeking to improve hand-eye coordination and develop new skills, to professionals producing intricate knitted and crocheted fabrics for garments, blankets, table runners, and other items. Color and design play significant roles In the market, with a wide range of fibers and techniques available to create unique textures and patterns. Knitting involves the use of active yarn loops, while crocheting employs the creation of stitches using a single hook.
Both crafts offer the flexibility to create delicate fabrics for garments or more strong fabrics for blankets and home decor. The knitting and crochet market continues to evolve, with ongoing innovation in techniques, tools, and materials. Knitted fabrics offer varying levels of drape and structure, while crocheted fabrics can create intricate designs and textures. Whether for personal enjoyment or commercial production, the knitting and crochet market provides a rich and creative outlet for individuals and businesses alike.
How is this Knitting And Crochet Industry segmented and which is the largest segment?
The knitting and crochet industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
Apparel
Home textile
Industrial
Others
Distribution Channel
Online
Offline
Geography
APAC
China
India
Japan
South Korea
North America
Canada
Mexico
US
Europe
Germany
UK
Spain
South America
Middle East and Africa
By Application Insights
The apparel segment is estimated to witness significant growth during the forecast period.
The market's apparel segment offers a wide selection of high-quality garments for men, women, and children. These garments are manufactured using various materials, such as conventional and organic cotton, cotton blends, and fair-trade cotton. The segment includes categories like casual wear, sportswear, activewear, sleepwear, and workwear, each tailored to specific consumer demands. This development underscores the market's ongoing evolution and the growing importance of financial investments within the industry. Key materials for knitting and crochet include a variety of fabrics and crochet hooks while counting naturally is an essential skill for creating intricate patterns.
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The apparel segment was valued at USD 9.96 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 57% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia-Pacific region, including China, India, Japan, South Korea, and Australia, significantly contributes to The market. This region is renowned for its textile craftsmanship tradition and expanding demand for handmade and eco-friendly products. The ITMA Asia + CITME, scheduled from November 2023, brings together the global textile industry at the National Exhibition and Convention Centre in Shanghai, China. Their commitment to sustainability is evident through offerings that minimize their carbon footprint.
Market Dynamics
Our knitting and crochet
The sportswear market was valued at over 540 billion Indian rupees in 2018 across the country, almost 100 billion more than the previous year. An overall exponential rise in the market value of sports apparel and footwear was witnessed over the years from 2015.