The important factor fueling the boom is that the demand for high-end products is also growing. Adding to it, the global sportswear brands also find the new FDI regime favorable to their growth. Rising industrial activity would support the growth in the per capita income.
Total sports retailing segment (sports goods, sports apparel & footwear, fitness equipment and others) in xxxx is estimated to be USD XX Billion in 2018. Sports retail segment has grown at nearly XX% over the last 4-5 years.
Rising incomes has been a key determinant of domestic demand for the sector; with incomes rising in the rural economy as well, the upward push on demand from the income side is set to continue.
The report aims on the key market players across Asia-Pacific: