The sportech textiles market will register a CAGR of over 8% by 2023.
Factors such as lifestyle changes and the increasing participation in fitness activities have increased the demand for sportswear, athleisure, activewear, and gym vests. The rising demand for sports apparel drives the global sportech textiles market. Sportech textiles are used to produce sports apparels, including jerseys, team uniforms, and other durable wear, for performance training of athletes.
The increasing focus on the safety and performance of end-users has led to the development and use of highly functional materials in sportswear and outdoor leisure clothing. The high demand for active sportswear has led to the demand for premium priced, branded specialty fibers that improve dissipation of heat and moisture at high metabolic rates.
Government initiatives support sportech textiles market
Government initiatives and benefits such as tax concessions, special financial packages, and provisions for foreign and government investments attract vendors, improve the market condition, increase profits, and make consumers aware of the use of technical textiles such as sportech textiles.
Volatility in raw material prices
The prices of raw materials used to manufacture sportech textiles are extremely volatile as these materials are obtained from crude oil or forests. Price volatility will lead to inflation in raw material prices, which can increase the procurement cost and reduce profit margins for vendors.
The market appears to be moderately fragmented with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Toray Industries, Inc.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY APPLICATION
Comparison by application
Sports shoe components - Market size and forecast 2018-2023
Sports composites - Market size and forecast 2018-2023
Other sportech textiles - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Rising innovative product launches
Increasing number of strategic alliances
Growing sustainability practices in sportech textiles