Base layer Market To Reach USD 10.58 Billion By 2028

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Market Size – USD 8.23 Billion in 2020, Market Growth - CAGR of 3.2%, Market Trends –Global rise in sports interest among individuals.

 The global Base layer Market is expected to reach USD 10.58 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the high end property and growing functions of base layers as well as the increasing participation in sports due to media coverage of important sports events   globally. Based on statistics, increased fitness activities and growing health awareness is expected to become the most common growth interest globally in the coming years. Rising growth in health awareness and increasing incidences of fitness activities are also significant factors stimulating market demand.

North America is accounted to be the largest market for Base layer with a share of ~35 % in 2018, and is expected to reach USD 3.67 billion by 2026. Due to the increasing consumption and growing fitness awareness worldwide and the increasing concern about health and fitness activities, the North America region is growing rapidly.

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Market Dynamics:

The global Base Layer market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.

Competitive Landscape:

The research report offers details about leading companies in the global Base Layer market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.

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Major Companies:

  • Under Armour Inc.,
  • The North Face, Inc,
  • The Columbia Sportswear Company,
  • L. Gore and Associates,
  • Odlo,
  • Anta Sports Products Limited,
  • Helly Hansen,
  • Mizuno Corporation,
  • Rab, Li-Ning,
  • Skins,
  • Tommie Copper,
  • Icebreaker,
  • Arc'teryx,
  • Icebreaker,
  • Adidas
  • Nike

Market Segmentation:

The report also sheds light on the market segmentation based on type, application and region:

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

  • Woman Base Layer
  • Man Base Layer
  • Kids Base Layer

Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

  • Light weight
  • Mid weight
  • Heavy weight

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

  • Ball Sports
  • Non-ball Sports
  • Life Style
  • Leisure time
  • Other

Material type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

  • Synthetic Base Layers
  • Merino Wool Base Layers
  • Bamboo Base Layers

Marketing type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)

  • Retail stores
  • E-commerce
  • Wholesale

Base Layer Market Segmentation based on Regions:

North America

  • S.
  • Canada
  • Mexico
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East Africa

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