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Colombia Sportswear Market Size, Share, Growth, Analysis: By Product Type: Footwear, Apparel, Wearables; By End User: Men, Women, Children; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Colombia Sportswear Market Outlook
The Colombia sportswear market size is estimated to grow at a CAGR of 8.00% between 2024 and 2032.
Key Takeaways
- The textile sector represents 9.4% of the country’s industrial GDP and provides employment opportunities to approximately 600,000 individuals.
- Prominent companies are progressively integrating electronic sensors into athletic apparels, to monitor and track fitness levels in real time and enhance sports endeavours of individuals and professionals.
- Consumers are gravitating towards brands that exhibit sustainability in their products and values, crafting pieces entirely from recycled and sustainable materials, including sportswear.
The Colombia sportswear market growth is driven by the increasing awareness of health and fitness among the population. As people become more conscious of the importance of leading an active lifestyle, the demand for sportswear has soared. Colombians are now more inclined to participate in various sports and fitness activities, such as cycling, running, yoga, and gym workouts. This surge in engagement has created a significant demand for sportswear, leading to increased production and sales.
As per the Colombia sportswear market analysis, consumers are becoming more conscious of the impact of their purchasing decisions on the environment, leading to a growing demand for eco-friendly sportswear. Brands are responding to this trend by incorporating sustainable materials such as recycled polyester, organic cotton, and bamboo fibres into their designs. Additionally, companies are implementing more sustainable production practices, such as reducing water usage and minimising waste in the manufacturing process.
Moreover, market players are adopting cutting-edge technologies such as the incorporation of electric sensors into sports apparel. These sensors can monitor various metrics such as heart rate, calories burned, distance travelled, and even provide feedback on technique and form. This data can be synced to a smartphone or computer, allowing users to track their progress over time and adjust their training regimen. Additionally, some sports clothing with electronic sensors can also provide alerts for potential injuries or overexertion, helping users to prevent injuries and stay safe during their workouts.
Market Segmentation
Colombia Sportswear Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Footwear
- Apparel
- Wearables
Market Breakup by End User
- Men
- Women
- Children
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
Market participants are currently focusing on the integration of intelligent technologies and eco-friendly materials in the production of sportwear, including apparels and footwear.
- PVH Corp.
- Dolce & Gabbana S.r.l.
- Under Armour, Inc.
- Adidas AG
- Reebok International Limited
- H & M Hennes & Mauritz AB
- Ralph Lauren Corporation
- INVERSIONES UF SAS (UF Sports)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by End User |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Latin America Sportswear Market Overview
8.1 Key Industry Highlights
8.2 Latin America Sportswear Historical Market (2018-2023)
8.3 Latin America Sportswear Market Forecast (2024-2032)
8.4 Latin America Sportswear Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Sportswear Market Overview
9.1 Key Industry Highlights
9.2 Colombia Sportswear Historical Market (2018-2023)
9.3 Colombia Sportswear Market Forecast (2024-2032)
10 Colombia Sportswear Market by Product Type
10.1 Footwear
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Apparel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Wearables
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Colombia Sportswear Market by End User
11.1 Men
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Women
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Children
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Colombia Sportswear Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 PVH Corp.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Dolce & Gabbana S.r.l.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Under Armour, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Adidas AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Reebok International Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 H & M Hennes & Mauritz AB
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Ralph Lauren Corporation
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 INVERSIONES UF SAS (UF Sports)
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Sportswear Market: Key Industry Highlights, 2018 and 2032
2. Colombia Sportswear Market: Key Industry Highlights, 2018 and 2032
3. Colombia Sportswear Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Colombia Sportswear Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Colombia Sportswear Historical Market: Breakup by End User (USD Million), 2018-2023
6. Colombia Sportswear Market Forecast: Breakup by End User (USD Million), 2024-2032
7. Colombia Sportswear Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Colombia Sportswear Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Colombia Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.00% between 2024 and 2032.
The market is driven by a rise in health-conscious population and an increase in disposable incomes.
The key trends aiding the market expansion include the integration of smart technologies in the apparel sector and the use of sustainable and eco-friendly materials to produce sportswear.
The major product types, according to the market report are footwear, apparel, and wearables.
The major distribution channels in the market are online and offline.
The major players in the market are PVH Corp., Dolce & Gabbana S.r.l., Under Armour, Inc., Adidas AG, Reebok International Limited, H & M Hennes & Mauritz AB, Ralph Lauren Corporation, and INVERSIONES UF SAS (UF Sports), among others.
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