Paraguay Sportswear Market Report and Forecast 2023-2028
Market Report I 2023-03-21 I 72 Pages I EMR Inc.
Paraguay Sportswear Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Paraguay sportswear market attained a value of USD 128.8 million in 2022. Aided by the increasing popularity of various sports such as football, basketball, and tennis, the market is projected to further grow at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 169.9 million by 2028.
Sportswear refers to the set of clothes, accessories, and various types of wearables which have been designed to enhance the sporting performance of a person. This category of products is specifically designed to ensure proper safety and comfort while being engaged in a designated sport. Apart from being stylish, sportswear can reduce the risk of sports-related injuries. Hence, the increasing prevalence of sports injuries among young athletes is driving the Paraguay sportswear market growth.
Paraguay is one of the most successful football nations across the world, attracting a great number of young players into the game. In addition, tennis, basketball, and golf are some of the fast-growing sports in this country. Accordingly, the demand for clothing and accessories, to increase the sporting performance, is witnessing a spike in the country.
Growing demand for comfortable and lightweight sporting clothes is likely to fuel the sale of cotton, microfibre, polyester, synthetic, or nylon-based tracksuits, shorts, and t-shirts, thereby accelerating the growth of the sportswear market in Paraguay. In addition, the increasing disposable income, rapid development of sportswear stores, and rising awareness about product launches, owing to the growing number of social media users, are expected to fuel the market in the coming years. The explosive emergence of the e-commerce sector, providing high-grade sporting equipment and clothes with superior packaging through efficient delivery systems, is further propelling the Paraguay sportswear market numbers.
Rapid innovations and increasing investments in technical product development, along with advancements in technical fibres finishes, and garment manufacturing technology are expanding the sportswear manufacturing infrastructure across Paraguay. Meanwhile, the increasing inclination towards environment-friendly sporting wear are increasing the sale of sportswear products containing components such as regenerated nylon, recycled plastic, and organic cotton.
Furthermore, the growing efforts by major manufacturers aimed towards enhancing the versatility and attractiveness of sportswear, are expected to be the crucial trends in the Paraguay sportswear market. Over the forecast period, the anticipated increase in women participants in the sporting sector are expected to fuel the demand for sporting clothes, high-performance shoes, and wearables.
Market Segmentation
The market can be divided on the basis of product type, end user, and distribution channel.
Market Breakup by Product Type
- Footwear
- Apparel
- Wearables
Market Segmentation by End User
- Men
- Women
- Children
Market Classification by Distribution Channel
- E-Commerce
- Retail Stores
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Paraguay sportswear companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Nike, Inc.
- Puma SE
- Addidas AG
- Under Armour, Inc.
- New Balance Athletics, Inc.
- Fitbit, LLC
- Others
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Paraguay Sportswear Market Analysis
8.1 Key Industry Highlights
8.2 Paraguay Sportswear Historical Market (2018-2022)
8.3 Paraguay Sportswear Market Forecast (2023-2028)
9 Paraguay Sportswear Market by Product Type
9.1 Footwear
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Apparel
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Wearables
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
10 Paraguay Sportswear Market by End User
10.1 Men
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Women
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Children
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Paraguay Sportswear Market by Distribution Channel
11.1 E-Commerce
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Retail Stores
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Nike, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Puma SE
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Addidas AG
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Under Armour, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 New Balance Athletics, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Fitbit, LLC
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
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