Globally, the sports Bras Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as increasing issues related to appearance, looks, and health, growing awareness about importance of exercise and sports activities, and increasing demand for classy sports bras due to high social media influence are expected to boost global market revenue growth over the forecast period.
A sports bra is a specially designed bra at helps in providing support to the breasts while performing physical exercises. Sports bras provide sturdiness, comfort, and support to breasts, minimize movement, wick away sweat, and reduce potential damage to chest ligaments. Many women are seen to use wear sports bras to reduce breast pain and physical discomfort caused due to breast movement during exercises. Moreover, various sports bras available in the market are full-coverage cups that offer maximum coverage with no cleavage show. Increasing participation of women athletes in sports events, rising number of sports activities such as running, mountaineering, and yoga exercises among young women across the globe are few factors expected to boost global market growth going ahead.
Sports bras currently available in the market are fashionable as many leading brands are focused on designing trendy, high fashion, breathable sports bras with different designs, colors, and shapes that can be worn on regular days too. Sports bras are rapidly gaining traction as several celebrities and social media influencers promote products from different brands. In addition, high usage of internet and e-commerce platforms, rising disposable income, and availability of various types of sports bras at specialty stores, supermarkets, and online platforms are expected to fuel market growth going ahead.
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Other factors such as high focus on maintaining good health and fitness, rising number of women participating in sports events, and growing demand for comfortable, breathable, classy sports bras are expected to drive global market growth during the forecast period.
However, factors such as low adoption of certain sports bras due to high costs, availability of many counterfeit sports bras, and unawareness about benefits of wearing sports bras are expected to hamper overall market growth to a certain extent during the forecast period.
High Support Segment To Register Rapid Revenue CAGR:
The high support segment is expected to register rapid revenue CAGR during the forecast period. Factors such as rising number of young women participating in sports events, running, yoga, mountaineering, cardio, and high-intensity training, availability of various types of high-support sports bras by leading brands and rising R&D investments are driving revenue growth of the segment.
E-commerce Segment to Account for Significant Revenue Share:
The e-commerce segment is expected to account for significant revenue share between 2022 and 2028. This can be attributed to increasing penetration of internet and e-commerce platforms, growing demand for stylish, comfortable, and durable sports bras, and availability of various sports Bra in different colors, patterns, and types on different online stores at discounted rates.
Asia Pacific To Register Rapid Revenue Growth:
Asia Pacific market is expected to expand at a rapid revenue CAGR over the forecast period. This can be attributed to rising number of women fitness enthusiasts across the region, growing awareness about using sports Bra during exercise, growing penetration of e-commerce platforms, and increasing investments in developing more comfortable and trendy sports Bras.
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Sports Bras Market By Company:
For the purpose of this report, Xcellent Insights has segmented the global sports bras market on the basis of type, application and Region:
Sports Bras Market Segment by Type:
Sports Bras Market Segment by Application:
Sports Bras Market Segment by Region:
The Middle East & Africa
Key Reasons to Purchase:
Estimates 2023 to 2028 Sports Bras Market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Sports Bras Market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global Sports Bras Market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global Sports Bras Market?
What is the expected market size of the global Sports Bras Market between 2023 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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