ADIDAS AG, Lotto Spa and Patagonia, Inc. are Dominating the Global Sports Apparel Market in 2020

The Global Sports Apparel Market is expected to grow with a CAGR of 5.2% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The global sports apparel market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global sports apparel market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

• In December 2020, Amer Sports announced that it is acquiring Precor, one of the largest global commercial fitness equipment providers, from Peloton Interactive Inc. The company expects to improve its product portfolio as well as consumer penetration with this acquisition.
• In May 2017, Brooks Sports, Inc. had announced the expansion of the business globally by entering into the market of Brazil and China. The update helps the company to increase sales which generates revenue for the company.

ADIDAS AG is the dominating player in the market and the other players in the market are SKECHERS USA, INC., YONEX Co., Ltd., Nike, Inc., Under Armour, Inc., ASICS Corporation, Columbia Sportswear Company, FILA Luxembourg S.a.r.l., Amer Sports, CFBRAZIL Fitness & Beach Wear, Formative Sports, Heini Sports, Patagonia, Inc., PUMA SE, Jockey, lululemon athletica, Lotto Spa, Everlast Worldwide, Inc., Brooks Sports, Inc, Diadora S.p.A., THE NORTH FACE, A VF COMPANY among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

ADIDAS AG

ADIDAS AG, which is headquartered in Herzogenaurach, Germany was founded in 1949 as a publicly owned company. The company is engaged in the manufacturing of sports and sports lifestyle products with independent manufacturing partners worldwide. The company has a wide product category such as Men, Women, Kids out of which our focused product category are Men and Women. The company has a wide global presence that spreads across North America, Latin America, Europe, and Asia-Pacific.

For instance,

• In March 2020, ADIDAS AG had launched the “FasterThan” campaign in order to celebrate the women in sports. The event helps in increasing the goodwill of the company which generates revenue in the future.

Lotto Spa

Lotto Spa, headquartered in Trevignano (TV), Italy is a private company that was founded in 1973. The company is engaged in the manufacturing of technical products for sportsmen and athletes that are in various sports. The company offers a wide range of product categories such as Men, Women, Junior, and Sport of which Men and Women are the market-focused categories. The company has a global presence across Africa, Asia, Australia, Europe, North America, South America and Others.

For instance,

• In April 2016, Lotto Spa has launched Everride II with AMF that specializes in the manufactusing of sports footwear as well as clothing. The update helps the company to increase the sales of the company.

Patagonia, Inc.

Patagonia, Inc. is a private company headquartered in Ventura, California. It is a private company which was founded in 1965. The company focuses on manufacturing and selling outdoor clothing and silent sports gear suitable for climbing, surfing, snowboarding among several others. The company has product categories such as Women's, Men's, Pack & Gear, Kids'& Baby, and collections. The company has a wide presence in Asia-Pacific, North America, South America, Europe, Middle East, and Africa.

For instance,

• In 2016, Patagonia, Inc., has received the Environmental Sustainability Award from CRO (Corporate Responsibility Officer). This award has helped the company in increasing the goodwill of the organization.