Market Forecast By End-users (Children, Men, Women), By Distribution Channel (E-commerce, Supermarket/Hypermarket, Brand Outlets, Discount Stores) And Competitive Landscape
Product Code: ETC014392 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Bangladesh Sports Apparel Market Report thoroughly covers the market by end-users, and distribution channel. The Bangladesh Sports Apparel Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Sports Apparel Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Sports Apparel Market has seen a significant rise in recent years. With the growth of the country's economy and an increase in disposable income, more people are inclined towards leading a healthier lifestyle and participating in various sports activities. This has led to a surge in demand for sports apparel, making it one of the fastest-growing segments within the textile industry.
According to 6Wresearch, the Bangladesh Sports Apparel Market size is projected to rise at a CAGR of 8% during 2025-2031. One of the key drivers of this growth is the ever-increasing interest in various sports activities among people in Bangladesh. The country has a strong culture of sports, with cricket being the most popular one. Furthermore, with the rise of social media and increased exposure to international sporting events, there is also a growing trend of people wanting to emulate their favorite athletes by wearing similar sports apparel.
The Bangladesh sports apparel market does face some challenges that could potentially hinder its growth. One of the key challenges is the lack of infrastructure and facilities for sports activities in the country. This makes it difficult for people to engage in their desired sports, leading to a lower demand for sports apparel. Additionally, there is also stiff competition from international players who have a strong presence in the market.
Some of the key players in the Bangladesh sports apparel market include Decathlon Group, Adidas AG, Nike Inc., Puma SE, and Under Armour Inc. These companies are constantly innovating and launching new products to cater to the changing consumer preferences and stay ahead in the competitive market. They are also expanding their distribution channels and investing in marketing strategies to increase brand awareness and reach a wider audience. These players in the market have been promoting the Bangladesh Sports Apparel Market growth.
The government of Bangladesh has recognized the potential of the sports apparel market and has taken various initiatives to support its growth. One such initiative is the establishment of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Sports Apparel Manufacturing Cluster in 2014. This cluster aims to provide an efficient platform for manufacturers, suppliers, buyers, and other stakeholders in the sports apparel industry to collaborate and drive the growth of the market. Moreover, the government has also provided various tax incentives and subsidies to encourage investment in sports apparel manufacturing.
Bangladesh sports apparel market is expected to witness significant growth in the coming years due to various factors such as increasing interest in sports activities, rising disposable income, and changing consumer preferences. However, it is important for players in the market to address the challenges and continuously innovate to stay competitive and meet the evolving demands of consumers. With a focus on localization and customer-centric strategies, the Bangladesh sports apparel market has the potential to become a major player in the global sports apparel industry.
According to Shuham Deep, Senior Research Analyst, 6Wresearch, children's sports apparel has witnessed the highest growth rate in recent years. This can be attributed to the rising awareness about the importance of physical activities in children's overall development.
The distribution channel segment of the Bangladesh sports apparel market that is experiencing significant growth is the e-commerce sector. With the increasing popularity and accessibility of online shopping in Bangladesh, more and more consumers are turning to e-commerce platforms for their sports apparel needs.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Sports Apparel Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Sports Apparel Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Sports Apparel Market - Industry Life Cycle |
3.4 Bangladesh Sports Apparel Market - Porter's Five Forces |
3.5 Bangladesh Sports Apparel Market Revenues & Volume Share, By End-users, 2021 & 2031F |
3.6 Bangladesh Sports Apparel Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Sports Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Sports Apparel Market Trends |
6 Bangladesh Sports Apparel Market, By Types |
6.1 Bangladesh Sports Apparel Market, By End-users |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Sports Apparel Market Revenues & Volume, By End-users, 2021 - 2031F |
6.1.3 Bangladesh Sports Apparel Market Revenues & Volume, By Children, 2021 - 2031F |
6.1.4 Bangladesh Sports Apparel Market Revenues & Volume, By Men, 2021 - 2031F |
6.1.5 Bangladesh Sports Apparel Market Revenues & Volume, By Women, 2021 - 2031F |
6.2 Bangladesh Sports Apparel Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Sports Apparel Market Revenues & Volume, By E-commerce, 2021 - 2031F |
6.2.3 Bangladesh Sports Apparel Market Revenues & Volume, By Supermarket/Hypermarket, 2021 - 2031F |
6.2.4 Bangladesh Sports Apparel Market Revenues & Volume, By Brand Outlets, 2021 - 2031F |
6.2.5 Bangladesh Sports Apparel Market Revenues & Volume, By Discount Stores, 2021 - 2031F |
7 Bangladesh Sports Apparel Market Import-Export Trade Statistics |
7.1 Bangladesh Sports Apparel Market Export to Major Countries |
7.2 Bangladesh Sports Apparel Market Imports from Major Countries |
8 Bangladesh Sports Apparel Market Key Performance Indicators |
9 Bangladesh Sports Apparel Market - Opportunity Assessment |
9.1 Bangladesh Sports Apparel Market Opportunity Assessment, By End-users, 2021 & 2031F |
9.2 Bangladesh Sports Apparel Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Sports Apparel Market - Competitive Landscape |
10.1 Bangladesh Sports Apparel Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Sports Apparel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |