0

Reflective Sportswear Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR43486
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The reflective sportswear market share is expected to increase by USD 709.46 million from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.05%.

This reflective sportswear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (apparels, footwear, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA). The reflective sportswear market report also offers information on several market vendors, including adidas AG, ASICS Corp., Columbia Sportswear Co., Hanesbrands Inc., Nike Inc., PUMA SE, PVH Corp., Shimano Inc., Under Armour Inc., and Vista Outdoor Inc. among others.

What will the Reflective Sportswear Market Size be in 2021?

Download the Free Report Sample to Unlock the Reflective Sportswear Market Size for 2021 and Other Important Statistics

 

Reflective Sportswear Market: Key Drivers and Trends

The improved marketing strategies by key competitors are notably driving the reflective sportswear market growth, although factors such as greater availability of counterfeit products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the reflective sportswear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This reflective sportswear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Reflective Sportswear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • adidas AG
  • ASICS Corp.
  • Columbia Sportswear Co.
  • Hanesbrands Inc.
  • Nike Inc.
  • PUMA SE
  • PVH Corp.
  • Shimano Inc.
  • Under Armour Inc.
  • Vista Outdoor Inc.

 

This statistical study of the reflective sportswear market encompasses successful business strategies deployed by the key vendors. The reflective sportswear market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The reflective sportswear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Reflective Sportswear Market?

For more insights on the market share of various regions Request for a FREE sample now!

33% of the market’s growth will originate from North America during the forecast period. The US is the key market for reflective sportswear in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Reflective Sportswear Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The reflective sportswear market share growth by the apparels segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the reflective sportswear market size and actionable market insights on post COVID-19 impact on each segment.

 

Reflective Sportswear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.05%

Market growth 2021-2025

$ 709.46 million

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

adidas AG, ASICS Corp., Columbia Sportswear Co., Hanesbrands Inc., Nike Inc., PUMA SE, PVH Corp., Shimano Inc., Under Armour Inc., and Vista Outdoor Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Reflective Sportswear Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive reflective sportswear market growth during the next five years
  • Precise estimation of the reflective sportswear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the reflective sportswear industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of reflective sportswear market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Apparels - Market size and forecast 2020-2025
    • Footwear - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • adidas AG
      • ASICS Corp.
      • Columbia Sportswear Co.
      • Hanesbrands Inc.
      • Nike Inc.
      • PUMA SE
      • PVH Corp.
      • Shimano Inc.
      • Under Armour Inc.
      • Vista Outdoor Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The reflective sportswear market growth will increase by $709.46 million during 2021-2025.
      The reflective sportswear market is expected to grow at a CAGR of 5.05% during 2021-2025.
      Technavio has segmented the reflective sportswear market by product (Apparels, Footwear, and Others) ,distribution channel (Offline, Online, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
      adidas AG, ASICS Corp., Columbia Sportswear Co., Hanesbrands Inc., Nike Inc., PUMA SE, PVH Corp., Shimano Inc., Under Armour Inc., Vista Outdoor Inc. are a few of the key vendors in the reflective sportswear market.
      North America will register the highest growth rate of 33.42% among the other regions. Therefore, the reflective sportswear market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the reflective sportswear market growth are:
      • Improved marketing strategies by key competitors

        Launching advertising campaigns by famous players is one of the most result-oriented and popular marketing strategies, which is applied by almost all key reflective sportswear manufacturers. In general, the most common buying behavior of customers is the selection of products promoted by their favorite athletes. Thus, key competitors use celebrity endorsement as one of their primary marketing tools, which often launch new product lines of international competitors, thus increasing their sales revenues. Apart from celebrity endorsements, many competitors also sponsor a number of sports tournaments and matches, which, in turn, results in reinforcing their market presence.Some of the most common promotional strategies include offering discounts, seasonal offers, and lucky draws. The increased penetration of the internet in almost all countries has enabled competitors to increase their reach and customer base effectively. The online space has become one of the major retail channels in recent times, mainly attributed to the increasing dependence of today's population on the Internet. Furthermore, many competitors also name their sportswear, including reflective sportswear, series after popular players to increase sales, taking advantage of celebrity fan following. Such marketing initiatives and celebrity endorsements are expected to fuel the growth of the market during the forecast period.

      • Better use of raw materials and technology in manufacturing reflective sportswear

        There is an increased demand for improved sportswear, including reflective sportswear, as it provides a high level of security, which is one of the preference factors by most consumers. Key competitors use lycra, mesh, neoprene, reflective fabrics, water-resistant fabrics, microfiber fabrics, and waddings (a nonwoven material that is made from synthetic continuous polyester filaments).The fabrics used in such sportswear are reflective in nature and include films, yarns, and trims. They contain many tiny glass beads to refract light. The beads act like mirrors to reflect the light back to the original source. When light hits the glass beads on reflective sportswear, it becomes highly visible even in the darkest place. Such fabrics are not only visible but also resistant to water and environmental agents. Moreover, fabric manufacturers use DuPont s Cordura fabric. It creates reflective fabrics to increase visibility as well as safety in low light conditions, such as snow, fog, and darkness at night. While some manufacturers use the weaving method in reflective yarns to make it soft and comfortable reflective fabric, some use IlluminNITE TM coating method, which is based on many metallic micro-particles. Both these methods help in designing sportswear that is ideal for adventure sports. Activewear, sportswear, children s wear, and even pet wear are being enhanced by the safety features of reflective materials. With the use of technology, designers and manufacturers are making safety more fun and fashionable. In many situations, the safety features are not visible during the day as colors mask the reflective material.The technology used in designing such products allows reflective materials to come in different varieties to meet the requirements of any active lifestyle. Therefore, with such use of enhanced technology by key manufacturers, the market is expected to witness a surge in its growth rate during the forecast period.

      The reflective sportswear market vendors should focus on grabbing business opportunities from the apparels segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>