Global
reflective sportswear market is anticipated to witness an exponential growth in
the forecast period. Reflective sportswear, a type of personal protective
equipment (PPE), is a high-visibility clothing that has reflective properties,
which could be noticed even in the darkest background. The factors that propel
the growth of the market include growing popularity of outdoor running and
biking at night, rising number of fatalities resulting from hard adventure
sports activities, highly reflective sportswear to decrease fatalities, rising
consciousness, and increasing demand.
On
the other hand, a factor may hamper the growth of the market including greater
accessibility of counterfeit products. The market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
There
is high demand for enhanced sportswear, comprising reflective sportswear as it
offers a high level of security, which is one of the key factors by most
consumers. Most of the key competitors use mesh, lycra, neoprene, water-resistant
fabrics, reflective fabrics, microfiber fabrics, and waddings (a nonwoven
material that is made from synthetic continuous polyester filaments).
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Reflective
sportswear market could be explored by product type, industry type,
distribution channel and geography. The market could be explored by product
type as Adjustable Safety Vest Belt, apparel, Shorts, footwear, Vest, T-Shirt,
and Tank. The “Apparel” segment led the reflective sportswear market in 2017
and will continue to lead in the forecast period. The key factor that may be
attributed to the growth of the market includes increasing demand.
Based
on industry type, the market could span Professional and Amateur. The market
could be explored based on distribution channel as Distributor and Direct
Sales. The “Direct sale” segment led the market in 2017 and will continue to
lead in the forecast period. North America accounted for the major share of the
market in 2017 and will continue to lead in the forecast period. The factors
that could be attributed to the growth include rising demand, growing sports
activities, and increasing consciousness.
Some
of the key players that fuel the growth of the reflective sportswear market
comprise New Balance, Adidas, PUMA, Nike, Under Armor, SUGOI. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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Table of Contents
1
Report Overview
2
Product Type Market
3
Product Application Market
4
Manufacturers Profiles/Analysis
5
Market Performance for Manufacturers
6
Regions Market Performance for Manufacturers
7
World Market Performance Point
8
Development Trend for Regions and Countries (Sales Point)
9
Upstream Source, Technology and Cost
10
Channel Analysis
11
Consumer Analysis
12
Market Forecast
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