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Athletic Equipment And Footwear Market Is Likely To Expand Us$ 323.4 Billion At 8.6% Cagr By 2025 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article PORTLAND, Ore., May 5, 2021 /PRNewswire/ Allied Market Research published a report, titled, Athletic Equipment and Footwear Market by Type (Equipment and Footwear): Global Opportunity Analysis and Industry Forecast, 2021–2025. According to the report, the global athletic equipment and footwear industry was estimated at $224.7 billion in 2018, and is expected to hit $323.4 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025. Drivers, restraints, and opportunities- Sportswear and footwear have experienced upgradations in their features over the years. This factor drives the growth of the global athletic equipment and footwear market. On the other hand, the availability of counterfeit products restrains the growth to some extent. However, easy availability of such products on online portals and increase in accessibility & convenience of purchasing these products through the internet have paved a way for lucrati ....