Sports market to grow at 7.82% CAGR
India’s Sports Equipment and Apparel Market is expected to reach US$40.64 billion by 2027, growing at a CAGR of 7.82%, from an estimated US$27.89 billion in 2022, according to a report by ResearchAndMarkets.
The report, released 31 Mar 2022, presents a detailed Ansoff matrix analysis for India’s Sports Equipment and Apparel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification.
The matrix is also used for risk analysis to understand the risk involved with each approach.
Companies in the sector are:
Adidas AG
Asics
Callaway Golf Company
COSCO (India) Ltd
Decathlon
Fanatics
Fila Holdings Corp
GAP INC
Gray-Nicolls
Gunn & Moore
Kappa
Lotus Footwear Enterprises Ltd
Lululemon Athletica
Mizuno Corporation
MRF Sports
Nike
Nivia
Puma SE
Reebok International Limited
Sanspareils Greenlands Pvt Ltd
Sareen Sports Industries
Seven Lifestyle Pvt Ltd
Sumitomo Rubber Industries Limited
TYKA
Under Armour
Yonex Co Ltd. fiinews.com
