#Cycling Apparel Market Overview
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raeelsa · 9 days ago
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ASX Retail Stocks: A Comprehensive Overview of Market Trends
Highlights:
ASX Retail Stocks span a wide array of market segments, each reflecting unique consumer needs and behaviors.
Retail stocks on the ASX are impacted by factors such as economic shifts, technological advancements, and seasonal trends.
The ongoing rise of e-commerce has reshaped how retail companies operate within the Australian market.
Introduction to ASX Retail Stocks
ASX Retail Stocks comprise a broad range of companies listed on the Australian Securities Exchange, operating within the retail industry. This sector includes businesses that offer goods and services to consumers through various channels, including physical retail stores and online platforms. The retail sector is highly diverse, encompassing companies in areas such as fashion, electronics, home goods, and groceries. Understanding the performance of ASX Retail Stocks requires considering the factors that drive consumer demand and the trends that shape the retail landscape in Australia.
Key Segments of ASX Retail Stocks
The retail sector on the ASX is divided into several key sub-sectors, each catering to different consumer needs. The fashion and apparel industry, for example, is one of the largest segments, with companies specializing in clothing, footwear, and accessories. In addition to fashion, the consumer electronics and home goods segments also represent significant contributors to the overall retail market. Grocery retailing and pharmacy chains are other important segments, influenced by specific market dynamics such as changes in consumer habits and government policies. The varying performances of these sub-sectors are largely driven by trends in consumer preferences, technological changes, and external economic factors.
Factors Affecting ASX Retail Stocks
Several factors influence the performance of ASX Retail Stocks, making the sector highly sensitive to both internal and external conditions. Economic factors such as disposable income, interest rates, and inflation rates have a direct impact on consumer spending and purchasing behaviors. For example, periods of economic growth typically lead to increased consumer spending, benefiting retail businesses. Conversely, economic downturns often result in decreased sales and higher inventory levels.
Additionally, global factors such as supply chain disruptions, changes in international trade, and shifts in commodity prices can have a significant effect on the retail industry. Retailers must also stay attuned to consumer behavior changes, especially as technology and e-commerce continue to transform the market. The rise of online shopping has altered the competitive dynamics, prompting many companies to invest heavily in their digital presence and e-commerce strategies.
Performance of ASX Retail Stocks
The performance of ASX Retail Stocks is influenced by both broad economic conditions and individual company strategies. Companies that successfully adapt to new technologies, such as e-commerce platforms, often experience steady growth, even during periods of market volatility. Retail businesses that invest in digital transformation and integrate omnichannel approaches are better positioned to meet shifting consumer expectations.
In contrast, traditional brick-and-mortar retailers may face challenges in keeping up with changing consumer preferences, particularly as more people choose to shop online. While these businesses may still benefit from seasonal factors such as holiday shopping or major sales events, they need to constantly innovate to remain competitive. The cyclical nature of the retail industry means that ASX Retail Stocks are subject to fluctuations based on factors such as consumer sentiment, economic cycles, and seasonal demand.
Recent Trends in ASX Retail Stocks
The retail sector in Australia has experienced significant shifts in recent years. The COVID-19 pandemic accelerated the growth of e-commerce, pushing many businesses to enhance their online offerings. As consumers increasingly turn to digital channels for shopping, retailers have responded by investing in online infrastructure, delivery systems, and customer experience improvements. Some companies have adopted hybrid business models, combining the benefits of physical stores and online shopping to create a seamless shopping experience.
Despite the challenges posed by economic uncertainty, supply chain disruptions, and changing consumer behavior, some companies have managed to navigate these issues successfully. Retailers that have embraced technological advancements, such as artificial intelligence for inventory management or advanced data analytics for consumer insights, have gained a competitive edge in the evolving marketplace.
Conclusion
ASX Retail Stocks represent a broad and diverse sector that is constantly evolving in response to changing economic, technological, and consumer trends. With a mix of traditional retail businesses and digital-first companies, the sector offers insights into broader shifts in consumer behavior and market dynamics. Understanding the various sub-sectors and trends that influence ASX Retail Stocks is crucial for anyone seeking to grasp the factors driving growth and change within the Australian retail market.
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researchyblog · 13 days ago
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Sustainable Fashion Market Trends & Forecast to 2032
Market Overview
The sustainable fashion market is undergoing a major transformation, moving beyond a niche category to become a fast-growing sector within the global fashion industry. With consumers increasingly concerned about the environmental and social impacts of their purchases, brands are being pushed to rethink how they source, produce, and sell clothing and accessories. This shift is reflected in the growing demand for eco-conscious alternatives, increased regulatory scrutiny, and a broader industry push for transparency and circularity.
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Market Growth and Dynamics
The sustainable fashion market is forecast to grow from USD 12.4 billion in 2025 to USD 48.4 billion by 2032, expanding at a CAGR of 23.2%. Several key forces are propelling this growth. One of the biggest drivers is the rising awareness among consumers, especially younger generations, who are prioritizing ethical consumption and holding brands accountable for their environmental impact. This behavioral shift is fueling demand for responsibly made clothing that aligns with values around sustainability, social justice, and climate action.
Stringent environmental regulations and corporate sustainability initiatives are also contributing to market momentum. Companies are being held to higher standards through ESG commitments, while textile waste regulations and restrictions on harmful chemicals are forcing manufacturers to adopt cleaner, more sustainable practices. At the same time, innovations in materials—like biomaterials, recycled textiles, and bio-based synthetics—are making it easier for brands to replace traditional, resource-intensive inputs with environmentally friendly alternatives.
Digital transformation is playing a big role in this shift as well. Fashion brands are increasingly adopting technologies for supply chain traceability and digital sampling, which improve transparency and reduce waste. On-demand production models are helping to curb overproduction, while social media platforms are raising awareness and shaping consumer perceptions around sustainable fashion.
Still, the market faces some key challenges. Higher production costs and premium price points limit accessibility for many consumers. There are also ongoing issues around supply chain complexity, the limited availability of sustainable materials at scale, and confusion caused by inconsistent sustainability claims, or "greenwashing." For brands, balancing style, performance, and sustainability—while staying profitable—is no easy feat.
Key Market Opportunities
Despite these hurdles, the sustainable fashion space is full of opportunity. Circular models, like resale, rental, and take-back programs, are gaining traction as brands and consumers alike look for ways to extend product life cycles and reduce waste. Digital platforms that facilitate second-hand sales are growing rapidly, offering convenience and affordability while promoting sustainability.
Emerging markets represent another major growth area. As environmental awareness spreads and middle-class populations grow, countries across Asia-Pacific, Latin America, and parts of Africa are expected to play a larger role in the global sustainable fashion landscape. Additionally, increased investment in regenerative agriculture and material science is unlocking new possibilities for sustainable raw materials, while partnerships across the fashion value chain are driving innovation and creating new business models.
Market Segmentation
By Product Type
The apparel segment currently dominates the sustainable fashion market. Everyday wear and activewear made from organic cotton, recycled polyester, and hemp-based textiles are widely adopted due to their practicality and versatility. Footwear is the fastest-growing product category, with athletic shoes made from recycled or bio-based materials gaining popularity. Innovations like mushroom leather and biodegradable soles are changing how footwear is produced, especially in response to the high environmental footprint traditionally associated with shoes. Accessories such as bags, wallets, and jewelry are also seeing notable growth, while home textiles—including bedding and kitchen fabrics—are emerging as new frontiers for sustainable innovation.
By Business Model
Traditional retail continues to lead the market in terms of volume, largely because major fashion brands are gradually transitioning their collections to include more sustainable options. However, circular and recommerce business models are the fastest-growing. These include resale platforms, rental services, and repair/refurbishment programs, all of which support sustainability by extending product use. Direct-to-consumer brands and made-to-order models are also gaining popularity by offering customized, low-waste solutions and stronger brand storytelling. Subscription models for clothing—particularly in children’s and formalwear categories—are beginning to carve out niche spaces within the market as well.
By Material
Natural fibers, particularly organic cotton, account for the largest share of the sustainable fashion market. These materials are favored for their lower environmental impact and familiarity among consumers. Recycled materials, especially recycled polyester (rPET), are also growing quickly. Their cost-effectiveness, scalability, and alignment with circular economy goals make them attractive to both brands and consumers.
Regenerated fibers like TENCEL™, Modal, and Cupro are gaining popularity in the mid-to-premium segments, thanks to their closed-loop manufacturing processes and minimal chemical use. Bio-based synthetics, such as mycelium (mushroom leather), apple leather, and algae-based materials, are expected to grow at the highest rate through 2032. These materials offer promising alternatives to traditional plastics and leathers, with better biodegradability and lower carbon footprints.
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By Price Point
Mid-range products currently dominate the market, offering a balance between affordability and sustainability. These appeal to mainstream consumers who want to make eco-conscious choices without sacrificing style or quality. The premium/luxury segment also holds a sizable share, supported by early adoption of sustainability in high fashion and strong brand equity. Luxury buyers are increasingly drawn to traceable supply chains and innovative, eco-friendly fabrics.
Interestingly, the mass market segment is projected to experience the highest growth rate. As major retailers integrate sustainable practices and materials into their supply chains, they’re able to offer environmentally friendly options at lower price points—making sustainable fashion more accessible to a wider audience.
By Distribution Channel
Online retail is currently the largest distribution channel in the sustainable fashion market. Brands favor direct-to-consumer (DTC) e-commerce platforms because they offer control over storytelling, transparency, and customer engagement. Offline retail is also growing steadily, particularly through department stores and specialized sustainable fashion boutiques that offer a curated shopping experience.
Recommerce platforms are growing at the fastest pace, driven by consumer interest in affordability, sustainability, and access to premium or rare fashion pieces. Peer-to-peer marketplaces, resale platforms, and rental services are gaining widespread acceptance, while DTC brands continue to show strong growth potential by eliminating intermediaries and offering transparency from source to sale.
By End User
Women’s fashion represents the largest share of the market, owing to broad category coverage and higher initial demand for sustainable options. The men’s segment is growing quickly as sustainability becomes more important in men’s wardrobe decisions, especially for basics and activewear.
The children’s segment is gaining traction due to rising awareness of chemical-free, skin-safe textiles and increased interest in circular models like rental or resale for fast-growing kids. Meanwhile, unisex offerings are expected to grow at the highest rate through 2032. Minimalist design, gender-neutral fashion, and the appeal of timeless, versatile pieces are reshaping the way sustainable clothing is marketed and consumed.
By Geography
Europe leads the global sustainable fashion market, supported by strong regulatory frameworks, widespread eco-consciousness, and established recycling infrastructure. Countries like Germany are at the forefront of circular fashion practices. In North America, innovation is being driven by direct-to-consumer startups, growing investor interest in ESG, and the popularity of resale platforms like ThredUp and Rent the Runway.
The Asia-Pacific region is expected to grow the fastest, thanks to increasing awareness, favorable government policies, and growing consumer spending power. Countries like Japan, Australia, and South Korea are emerging as leaders in sustainable fashion innovation. Latin America is showing strong potential, particularly in countries like Brazil and Chile, where climate consciousness and local material innovation are reshaping fashion trends.
Competitive Landscape
The market includes a mix of legacy fashion companies and independent sustainability-focused brands. Among the established players, H&M Group, Inditex (Zara Join Life), and Kering SA are leading the charge by integrating sustainability across their operations and supply chains. These companies benefit from scale, R&D investment, and broad distribution networks, giving them an edge in bringing sustainable fashion to mass markets.
On the other hand, independent brands like Patagonia, Allbirds, PANGAIA, and Reformation are innovating rapidly, setting benchmarks in supply chain transparency, circularity, and low-impact material use. These mission-driven companies are shaping consumer expectations and pushing the boundaries of what sustainable fashion can look like.
As the market evolves, brands will need to tackle challenges around scaling production, maintaining product quality, and avoiding greenwashing. Those that strike the right balance between sustainability, performance, and affordability will be best positioned to lead the future of fashion.
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stockmarketupdates · 15 days ago
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ASX Stocks Overview: Cannabis, Mining, AI, Energy, Healthcare & More Sectors
Australia's share market hosts a diverse range of sectors, with notable movement across industries like energy, mining, healthcare, and emerging technologies. The Australian Securities Exchange (ASX) features key stocks from traditional and innovative sectors, each offering unique market characteristics.
ASX Cannabis Stocks
The ASX Cannabis Stocks segment continues to expand as the regulatory environment evolves. Medicinal cannabis companies are gaining visibility, with a focus on pharmaceutical research, clinical trials, and production scalability. Several ASX Cannabis Stocks are active in exporting and domestic distribution, positioning themselves for long-term relevance.
ASX Metal Stocks
Resource-rich Australia has built a strong foundation for ASX Metal Stocks, driven by global demand for base and precious metals. Companies in the ASX Metal Stocks segment contribute significantly to export revenue, particularly in copper, nickel, and zinc extraction. These stocks are often linked to international commodity cycles.
ASX Mining Stocks
Australia's position as a global leader in resource extraction makes ASX Mining Stocks central to the nation’s equity landscape. From iron ore to rare earth elements, ASX Mining Stocks include large-cap producers and junior explorers alike. The sector benefits from strong infrastructure and government support for mineral exports.
ASX Healthcare Stocks
The biotechnology and pharmaceuticals space continues to grow with innovation in diagnostics, medical devices, and aged care services. ASX Healthcare Stocks include a mix of global-facing biotech firms and local healthcare providers. Demand for new treatments and medical technologies fuels the relevance of ASX Healthcare Stocks across the market.
ASX Financial Stocks
Banks, insurance providers, and diversified financial services make up the core of ASX Financial Stocks. This sector reflects domestic lending trends, interest rate movements, and superannuation fund flows. ASX Financial Stocks are traditionally some of the largest contributors to ASX index performance.
ASX Oil and Gas Stocks
As global energy dynamics evolve, ASX Oil and Gas Stocks remain in focus. These companies operate across exploration, production, and LNG export. Volatility in crude and gas prices often influences movement in ASX Oil and Gas Stocks, particularly for mid-cap and emerging energy producers.
ASX Retail Stocks
ASX Retail Stocks cover both online and brick-and-mortar retail chains in sectors like apparel, electronics, and grocery. Consumer demand, seasonal spending, and e-commerce growth are major themes shaping ASX Retail Stocks. Brand strength and inventory cycles are also critical drivers.
ASX Consumer Stocks
The broader category of ASX Consumer Stocks includes businesses in food production, beverages, household goods, and discretionary products. These companies reflect shifting consumer behaviors and economic conditions. ASX Consumer Stocks can vary from defensive plays in essentials to more cyclical businesses tied to household spending.
ASX Real Estate Stocks
Real estate investment trusts (REITs) and developers dominate the ASX Real Estate Stocks segment. With exposure to commercial, residential, and industrial property markets, ASX Real Estate Stocks react to interest rate changes and property valuations. Rent yield and occupancy rates are often key indicators.
ASX Communication Stocks
Telecommunications and media companies form the foundation of ASX Communication Stocks. These firms provide essential connectivity infrastructure, mobile services, and broadcasting. With the digital transformation of content and communication, ASX Communication Stocks are evolving alongside technology-driven consumption.
ASX Industrial Stocks
Logistics, manufacturing, construction, and engineering groups populate the ASX Industrial Stocks sector. These businesses are closely aligned with infrastructure development and capital expenditure trends. ASX Industrial Stocks often serve as economic barometers due to their exposure to supply chains and project pipelines.
ASX AI Stocks
The rise of automation, data science, and machine learning has led to a growing class of ASX AI Stocks. These companies operate in AI software development, robotics, and data analytics. Innovation and partnerships with research institutions enhance the outlook for ASX AI Stocks as digital transformation deepens across industries.
ASX Energy Stocks
Broadening beyond fossil fuels, ASX Energy Stocks encompass both traditional energy producers and renewable energy players. With solar, wind, and battery technology gaining ground, ASX Energy Stocks reflect a changing energy landscape. This sector spans oil, gas, coal, and green technologies advancing Australia’s energy future.
Explore More with Kalkine Track detailed insights across all key sectors, including ASX Cannabis Stocks, ASX Mining Stocks, ASX AI Stocks, and more. Stay informed with sector movements, price changes, and market updates across the Australian share market.
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sakshibloggs · 2 months ago
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Polybenzimidazole Fiber Market Research Report 2024(Status and Outlook)
The global Polybenzimidazole Fiber market size was valued at US$ 567.8 million in 2024 and is projected to reach US$ 789.4 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
The United States Polybenzimidazole Fiber market size was valued at US$ 156.7 million in 2024 and is projected to reach US$ 212.4 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/281446/polybenzimidazole-fiber-market-market-455
Polybenzimidazole Fiber is a high-performance synthetic fiber known for exceptional thermal stability and chemical resistance.
The global market is growing moderately, driven by aerospace and protective equipment applications. In 2023, production volume reached 5,000 metric tons, with protective apparel accounting for 50% of consumption. The market saw a 20% increase in aerospace grade adoption in 2023. Standard grade dominates with a 70% market share, while specialty grades are growing at 8% annually. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 6.5% CAGR. The industry is focusing on developing enhanced properties, with a 25% growth in R&D investments for performance improvements.
Report Overview
Polybenzimidazole fibers are a class of extremely heat-resistant synthetic fibers. They are formed from completely aromatic polyamides. They are fibers in which the fiber-forming substance is a long-chain aromatic polymer having recurring imidazole groups as one of the main structural repeat units in the polymer backbone.
This report provides a deep insight into the global Polybenzimidazole Fiber market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Polybenzimidazole Fiber Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Polybenzimidazole Fiber market in any manner.
Global Polybenzimidazole Fiber Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
PBI Performance Products
Atkins & Pearce
Bally Ribbon Mills (BRM)
TenCate Protective Fabrics
Market Segmentation (by Type)
PBI Filament
PBI Staple Fiber
Market Segmentation (by Application)
Aerospace & Defense
Automotive
Fire Department
Energy
Industrial
Others
Geographic Segmentation
Market, Global Outlook and Forecast 2024-2030North America (USA, Canada, Mexico)
Market, Global Outlook and Forecast 2024-2030Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Market, Global Outlook and Forecast 2024-2030Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
Market, Global Outlook and Forecast 2024-2030South America (Brazil, Argentina, Columbia, Rest of South America)
Market, Global Outlook and Forecast 2024-2030The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Market, Global Outlook and Forecast 2024-2030Industry drivers, restraints, and opportunities covered in the study
Market, Global Outlook and Forecast 2024-2030Neutral perspective on the market performance
Market, Global Outlook and Forecast 2024-2030Recent industry trends and developments
Market, Global Outlook and Forecast 2024-2030Competitive landscape & strategies of key players
Market, Global Outlook and Forecast 2024-2030Potential & niche segments and regions exhibiting promising growth covered
Market, Global Outlook and Forecast 2024-2030Historical, current, and projected market size, in terms of value
Market, Global Outlook and Forecast 2024-2030In-depth analysis of the Polybenzimidazole Fiber Market
Market, Global Outlook and Forecast 2024-2030Overview of the regional outlook of the Polybenzimidazole Fiber Market:
Key Reasons to Buy this Report:
Market, Global Outlook and Forecast 2024-2030Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
Market, Global Outlook and Forecast 2024-2030This enables you to anticipate market changes to remain ahead of your competitors
Market, Global Outlook and Forecast 2024-2030You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
Market, Global Outlook and Forecast 2024-2030The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Market, Global Outlook and Forecast 2024-2030Provision of market value (USD Billion) data for each segment and sub-segment
Market, Global Outlook and Forecast 2024-2030Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Market, Global Outlook and Forecast 2024-2030Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Market, Global Outlook and Forecast 2024-2030Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Market, Global Outlook and Forecast 2024-2030Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
Market, Global Outlook and Forecast 2024-2030The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Market, Global Outlook and Forecast 2024-2030Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Market, Global Outlook and Forecast 2024-2030Provides insight into the market through Value Chain
Market, Global Outlook and Forecast 2024-2030Market dynamics scenario, along with growth opportunities of the market in the years to come
Market, Global Outlook and Forecast 2024-20306-month post-sales analyst support
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Polybenzimidazole Fiber Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/281446/polybenzimidazole-fiber-market-market-455 Table of content
Table of Contents 1 Research Methodology and Statistical Scope 1.1 Market Definition and Statistical Scope of Polybenzimidazole Fiber 1.2 Key Market Segments 1.2.1 Polybenzimidazole Fiber Segment by Type 1.2.2 Polybenzimidazole Fiber Segment by Application 1.3 Methodology & Sources of Information 1.3.1 Research Methodology 1.3.2 Research Process 1.3.3 Market Breakdown and Data Triangulation 1.3.4 Base Year 1.3.5 Report Assumptions & Caveats 2 Polybenzimidazole Fiber Market Overview 2.1 Global Market Overview 2.1.1 Global Polybenzimidazole Fiber Market Size (M USD) Estimates and Forecasts (2019-2030) 2.1.2 Global Polybenzimidazole Fiber Sales Estimates and Forecasts (2019-2030) 2.2 Market Segment Executive Summary 2.3 Global Market Size by Region 3 Polybenzimidazole Fiber Market Competitive Landscape 3.1 Global Polybenzimidazole Fiber Sales by Manufacturers (2019-2024) 3.2 Global Polybenzimidazole Fiber Revenue Market Share by Manufacturers (2019-2024) 3.3 Polybenzimidazole Fiber Market Share by Company Type (Tier 1, Tier 2, and Tier 3) 3.4 Global Polybenzimidazole Fiber Average Price by Manufacturers (2019-2024) 3.5 Manufacturers Polybenzimidazole Fiber Sales Sites, Area Served, Product Type 3.6 Polybenzimidazole Fiber Market Competitive Situation and Trends 3.6.1 Polybenzimidazole Fiber Market Concentration Rate 3.6.2 Global 5 and 10 Largest Polybenzimidazole Fiber Players Market Share by Revenue 3.6.3 Mergers & Acquisitions, Expansion 4 PolybenziCONTACT US: North Main Road Koregaon Park, Pune, India - 411001. International: +1(646)-781-7170 Asia: +91 9169162030
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cleverhottubmiracle · 4 months ago
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The US Department of Commerce said in October that the US economy remained strong with an increase in real gross domestic product (GDP) and a rise in wages and consumer spending. Earlier in September, S&P Global Ratings had predicted a 2.7 per cent expansion in US economy in 2024, and 1.8 per cent in 2025 on an annual average basis. These forecasts were 0.2 and 0.1 percentage point higher respectively, compared with the rating agency’s June forecasts. Agency forecasts Q4, FY25 growth at 2 per cent, down from 3.1 per cent in same quarter last fiscal. Additionally, the agency expected softening of real income growth, and observed the signs of slowdown in discretionary consumption. It saw inflation to stay slow in the coming months, and industrial production to remain flat quarter-on-quarter. It further estimated, at around 25 per cent, the probability of a recession starting within the next 12 months. In 2024, US businesses continued to face higher costs of capital and policy uncertainty, which limited capital expenditure and hiring. Employment overview The unemployment rate is likely to rise in the next several quarters to 4.5 per cent by the end of 2025, from the current 4.2 per cent, forecasts S&P Global in the same report. Analysing the employment situation in the country, S&P Global observed that the expansion of the labour force, rather than a fall in employment, caused a rise in the unemployment rate. This marked the key difference from the previous cycles at the start of recession. According to the Bureau of Labour Statistics (BLS), the US economy added 254,000 jobs in the month of September. With the rate of unemployment at 4.1 per cent – the lowest average unemployment in 50 years, the number of unemployed stood at 6.8 million. The Department of Commerce found these figures exceeding the expectations. It is reported that 16 million jobs were created under the outgoing government. The Department further said that over 700,000 new manufacturing jobs were created and over $910 billion in private manufacturing investments were announced nationwide in the industries of the future. Wages also continued to rise. The latest BLS estimates showed real average hourly earnings for all workers increased 0.2 per cent month-on-month and 1.3 per cent year-on-year in August. In September, the labour force participation rate was 62.7 per cent for the third consecutive month, and the employment-population ratio changed little at 60.2 per cent. The number of 5.7 million people, those not in the labour force but wanted a job, too changed little in September. Half-yearly trade On a half-yearly basis, between January and June 2024, the US imports of textiles and apparel declined 3.58 per cent to $49.349 billion from $51.178 billion during the same period of last calendar year. Apparel constitutes the bulk of the US textile imports, and it fell by 6.04 per cent to $35.748 billion from $38.044 billion last year, while non-apparel imports rose 3.55 per cent to $13.134 billion. Man-made fibre products dominated the imports at $25.235 billion, followed by cotton products at $20.697 billion, silk and vegetable fibre products at $1.889 billion, and wool products at $1.527 billion, according to the Office of Textiles and Apparel (OTEXA). China continued to stay as the largest supplier with 24.26 per cent market share, followed by Vietnam with 14.78 per cent share. Among the top ten suppliers, only Cambodia showed an increase in apparel imports, growing 4.45 per cent to $1.52 billion. Meanwhile, imports from Mexico, Bangladesh, Indonesia, China and India fell by 11.24 per cent, 10.97 per cent, 9.75 per cent, 6.37 per cent and 2.64 per cent respectively. During the same period, the exports of textiles and apparel from the US dropped 3.17 per cent to $11.5 billion. Mexico and Canada were the top export destinations, buying $6.1 billion and $4.2 billion worth of merchandise from the US respectively. At the same time, the inflation-impacted EU registered an 11.2 per cent drop in apparel consumption during the reported period, resulting in $1.2 billion in orders. The other significant export destinations were Honduras, China, the Dominican Republic, the UK, and Japan. Freight prices impacted the trade levels. With reduced water levels in the Panama Canal, the cost and duration of transit between Asia and the American East Coast increased, while security worries surrounding the Suez Canal raised container rates. Upland cotton export As of October 3, 2024, the net sales of Upland (short and medium staples) cotton in the US, for 2024-25 season, had totalled to 95,800 RB (Running Bales) with each bale weighing 226.8 kg or 500 pounds. Exports of Upland cotton during the period totalled to 107,100 RB, with Pakistan (26,800 RB), Mexico (15,000 RB), Vietnam (11,300 RB), China (9,700 RB), and Honduras (8,200 RB) emerging as the primary destinations. According to the USDA’s export sales report for the week ending September 26, significant increases in Upland cotton sales were observed, particularly for Vietnam (29,100 RB, including a decrease of 6,900 RB), Pakistan (25,400 RB, including a decrease of 600 RB), Peru (14,000 RB), Guatemala (11,300 RB, including a decrease of 100 RB), and China (8,500 RB). However, the gains achieved in these territories were offset by reductions in sales to Malaysia (17,600 RB) and Japan (100 RB). Additionally, net sales of 39,600 RB for the 2025-26 season were destined for Malaysia. As of the Pima cotton, the net sales amounted to 9,500 RB for the same season, for which increases were mainly noted for India (6,200 RB, including a decrease of 1,700 RB), Peru (1,000 RB), Djibouti (900 RB), Türkiye (500 RB), and Thailand (400 RB). Exports of Pima cotton reached 6,500 RB that included major destinations of India (4,500 RB), Bangladesh (800 RB), Pakistan (400 RB), Egypt (400 RB), and Japan (100 RB though with reduced sales). Election outcome The US had elections in 2024 and voted for electing a new President, results of which were expected to have impact on the US textile industry, with both contesting candidates holding similar trade policies that also include potential bans on Chinese imports. With Republican party coming to power, the trade policies and protectionism was expected to disrupt supply chains and increase costs, while a win for Democrats would mean more focus on higher corporate taxes that may raise production expenses. The US textile sector is reliant on imports hence needs trade agreements to sustain growth. At the time of this feature going into press, the Republican candidate was elected to be the next US President, who is scheduled to take oath on January 20, 2025. Port strike In October, the US East Coast and Gulf Coast port operators faced a 3-day strike by the dockworkers, resulting in a cargo backlog. The strike ended with the US Maritime Alliance and the International Longshoremen’s Association reaching a tentative agreement on wages. The master contract was also extended till January 15, 2025. The negotiation on all other outstanding issues was to follow this truce. The development arrested further rise of freight charges at right time. Average spot rates on the most affected trade route from North Europe to US East Coast had reached $2,900 per FEU (40 ft equivalent unit) on October 4, increasing 58 per cent since the end of August. The alternative trade route from North Europe to the US West Coast was also hit, where the average spot rates increased 48 per cent in the same period to reach $4,450 per FEU. However, the re-establishment of normal flow of goods was to take another 2- to 3-week time. As of October 4, there were 44 ships lined up and more than 120 on-route, to enter the affected ports. This was expected to impact schedules towards the end of 2024, and possibly into 2025 as well, in the run-up to Lunar New Year at the end of January which traditionally sees an increase in goods shipped out of the Far East. Senate Bill 707 California’s Responsible Textile Recovery Act of 2024 (Senate Bill or SB 707) was signed into a law by the US State’s Governor. The legislation established the country’s first EPR (Extended Producer Responsibility) textile recycling programme, and marked a significant step forward in the state’s efforts to combat waste and promote sustainability. SB 707 mandates a framework for producers and other participants in the value chain to take responsibility for the entire lifecycle of their products and textiles, including repair, recycling and reuse of garments and fibres. When implemented, it will not only reduce the amount of textiles sent to landfills, but also support the development of upcycling and recycling across California. It will additionally help address the environmental impacts of fast fashion and the throwaway culture which such a fashion has given birth to. It will also incentivise producers to adopt less wasteful production and greener designs. Grower enrolment increased The US textile industry reflected its growing commitment to sustainable practices when the US Cotton Trust Protocol achieved a remarkable 35 per cent increase in grower enrolment for the 2024 crop year. The Trust Protocol currently has 2.1 million acres of cotton under sustainable cultivation, which it aims to increase further. The Trust has plans to achieve this increase in its footprint mainly through the Climate Smart Cotton Program which targets the inclusion of historically underserved communities. Key event A semi-annual exhibition was held at the Javits Center in New York City in the month of July. The event was organised jointly by the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT), and Messe Frankfurt North America, in which more than 500 Chinese companies displayed their latest innovations and sustainability efforts. Of this, 137 companies had environmentally friendly certifications. All the Chinese supplies during the event had innovations and sustainability, a clear departure from the ‘stigma’ that is generally associated with Chinese products being of lower quality or the cheap fashion. The Chinese products have shown a change over the years as they get better and better from a quality perspective. The US economy showed strong growth, with GDP rising and wages and consumer spending increasing. However, S&P Global forecasts slower growth and a higher unemployment rate by 2025. Textile imports decreased, while exports dropped 3.17 per cent. The US also faces challenges like a port strike, the new Senate Bill on textile recycling, and a focus on sustainable practices in cotton farming. Fibre2Fashion News Desk (SB - WE) Source link
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norajworld · 4 months ago
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The US Department of Commerce said in October that the US economy remained strong with an increase in real gross domestic product (GDP) and a rise in wages and consumer spending. Earlier in September, S&P Global Ratings had predicted a 2.7 per cent expansion in US economy in 2024, and 1.8 per cent in 2025 on an annual average basis. These forecasts were 0.2 and 0.1 percentage point higher respectively, compared with the rating agency’s June forecasts. Agency forecasts Q4, FY25 growth at 2 per cent, down from 3.1 per cent in same quarter last fiscal. Additionally, the agency expected softening of real income growth, and observed the signs of slowdown in discretionary consumption. It saw inflation to stay slow in the coming months, and industrial production to remain flat quarter-on-quarter. It further estimated, at around 25 per cent, the probability of a recession starting within the next 12 months. In 2024, US businesses continued to face higher costs of capital and policy uncertainty, which limited capital expenditure and hiring. Employment overview The unemployment rate is likely to rise in the next several quarters to 4.5 per cent by the end of 2025, from the current 4.2 per cent, forecasts S&P Global in the same report. Analysing the employment situation in the country, S&P Global observed that the expansion of the labour force, rather than a fall in employment, caused a rise in the unemployment rate. This marked the key difference from the previous cycles at the start of recession. According to the Bureau of Labour Statistics (BLS), the US economy added 254,000 jobs in the month of September. With the rate of unemployment at 4.1 per cent – the lowest average unemployment in 50 years, the number of unemployed stood at 6.8 million. The Department of Commerce found these figures exceeding the expectations. It is reported that 16 million jobs were created under the outgoing government. The Department further said that over 700,000 new manufacturing jobs were created and over $910 billion in private manufacturing investments were announced nationwide in the industries of the future. Wages also continued to rise. The latest BLS estimates showed real average hourly earnings for all workers increased 0.2 per cent month-on-month and 1.3 per cent year-on-year in August. In September, the labour force participation rate was 62.7 per cent for the third consecutive month, and the employment-population ratio changed little at 60.2 per cent. The number of 5.7 million people, those not in the labour force but wanted a job, too changed little in September. Half-yearly trade On a half-yearly basis, between January and June 2024, the US imports of textiles and apparel declined 3.58 per cent to $49.349 billion from $51.178 billion during the same period of last calendar year. Apparel constitutes the bulk of the US textile imports, and it fell by 6.04 per cent to $35.748 billion from $38.044 billion last year, while non-apparel imports rose 3.55 per cent to $13.134 billion. Man-made fibre products dominated the imports at $25.235 billion, followed by cotton products at $20.697 billion, silk and vegetable fibre products at $1.889 billion, and wool products at $1.527 billion, according to the Office of Textiles and Apparel (OTEXA). China continued to stay as the largest supplier with 24.26 per cent market share, followed by Vietnam with 14.78 per cent share. Among the top ten suppliers, only Cambodia showed an increase in apparel imports, growing 4.45 per cent to $1.52 billion. Meanwhile, imports from Mexico, Bangladesh, Indonesia, China and India fell by 11.24 per cent, 10.97 per cent, 9.75 per cent, 6.37 per cent and 2.64 per cent respectively. During the same period, the exports of textiles and apparel from the US dropped 3.17 per cent to $11.5 billion. Mexico and Canada were the top export destinations, buying $6.1 billion and $4.2 billion worth of merchandise from the US respectively. At the same time, the inflation-impacted EU registered an 11.2 per cent drop in apparel consumption during the reported period, resulting in $1.2 billion in orders. The other significant export destinations were Honduras, China, the Dominican Republic, the UK, and Japan. Freight prices impacted the trade levels. With reduced water levels in the Panama Canal, the cost and duration of transit between Asia and the American East Coast increased, while security worries surrounding the Suez Canal raised container rates. Upland cotton export As of October 3, 2024, the net sales of Upland (short and medium staples) cotton in the US, for 2024-25 season, had totalled to 95,800 RB (Running Bales) with each bale weighing 226.8 kg or 500 pounds. Exports of Upland cotton during the period totalled to 107,100 RB, with Pakistan (26,800 RB), Mexico (15,000 RB), Vietnam (11,300 RB), China (9,700 RB), and Honduras (8,200 RB) emerging as the primary destinations. According to the USDA’s export sales report for the week ending September 26, significant increases in Upland cotton sales were observed, particularly for Vietnam (29,100 RB, including a decrease of 6,900 RB), Pakistan (25,400 RB, including a decrease of 600 RB), Peru (14,000 RB), Guatemala (11,300 RB, including a decrease of 100 RB), and China (8,500 RB). However, the gains achieved in these territories were offset by reductions in sales to Malaysia (17,600 RB) and Japan (100 RB). Additionally, net sales of 39,600 RB for the 2025-26 season were destined for Malaysia. As of the Pima cotton, the net sales amounted to 9,500 RB for the same season, for which increases were mainly noted for India (6,200 RB, including a decrease of 1,700 RB), Peru (1,000 RB), Djibouti (900 RB), Türkiye (500 RB), and Thailand (400 RB). Exports of Pima cotton reached 6,500 RB that included major destinations of India (4,500 RB), Bangladesh (800 RB), Pakistan (400 RB), Egypt (400 RB), and Japan (100 RB though with reduced sales). Election outcome The US had elections in 2024 and voted for electing a new President, results of which were expected to have impact on the US textile industry, with both contesting candidates holding similar trade policies that also include potential bans on Chinese imports. With Republican party coming to power, the trade policies and protectionism was expected to disrupt supply chains and increase costs, while a win for Democrats would mean more focus on higher corporate taxes that may raise production expenses. The US textile sector is reliant on imports hence needs trade agreements to sustain growth. At the time of this feature going into press, the Republican candidate was elected to be the next US President, who is scheduled to take oath on January 20, 2025. Port strike In October, the US East Coast and Gulf Coast port operators faced a 3-day strike by the dockworkers, resulting in a cargo backlog. The strike ended with the US Maritime Alliance and the International Longshoremen’s Association reaching a tentative agreement on wages. The master contract was also extended till January 15, 2025. The negotiation on all other outstanding issues was to follow this truce. The development arrested further rise of freight charges at right time. Average spot rates on the most affected trade route from North Europe to US East Coast had reached $2,900 per FEU (40 ft equivalent unit) on October 4, increasing 58 per cent since the end of August. The alternative trade route from North Europe to the US West Coast was also hit, where the average spot rates increased 48 per cent in the same period to reach $4,450 per FEU. However, the re-establishment of normal flow of goods was to take another 2- to 3-week time. As of October 4, there were 44 ships lined up and more than 120 on-route, to enter the affected ports. This was expected to impact schedules towards the end of 2024, and possibly into 2025 as well, in the run-up to Lunar New Year at the end of January which traditionally sees an increase in goods shipped out of the Far East. Senate Bill 707 California’s Responsible Textile Recovery Act of 2024 (Senate Bill or SB 707) was signed into a law by the US State’s Governor. The legislation established the country’s first EPR (Extended Producer Responsibility) textile recycling programme, and marked a significant step forward in the state’s efforts to combat waste and promote sustainability. SB 707 mandates a framework for producers and other participants in the value chain to take responsibility for the entire lifecycle of their products and textiles, including repair, recycling and reuse of garments and fibres. When implemented, it will not only reduce the amount of textiles sent to landfills, but also support the development of upcycling and recycling across California. It will additionally help address the environmental impacts of fast fashion and the throwaway culture which such a fashion has given birth to. It will also incentivise producers to adopt less wasteful production and greener designs. Grower enrolment increased The US textile industry reflected its growing commitment to sustainable practices when the US Cotton Trust Protocol achieved a remarkable 35 per cent increase in grower enrolment for the 2024 crop year. The Trust Protocol currently has 2.1 million acres of cotton under sustainable cultivation, which it aims to increase further. The Trust has plans to achieve this increase in its footprint mainly through the Climate Smart Cotton Program which targets the inclusion of historically underserved communities. Key event A semi-annual exhibition was held at the Javits Center in New York City in the month of July. The event was organised jointly by the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT), and Messe Frankfurt North America, in which more than 500 Chinese companies displayed their latest innovations and sustainability efforts. Of this, 137 companies had environmentally friendly certifications. All the Chinese supplies during the event had innovations and sustainability, a clear departure from the ‘stigma’ that is generally associated with Chinese products being of lower quality or the cheap fashion. The Chinese products have shown a change over the years as they get better and better from a quality perspective. The US economy showed strong growth, with GDP rising and wages and consumer spending increasing. However, S&P Global forecasts slower growth and a higher unemployment rate by 2025. Textile imports decreased, while exports dropped 3.17 per cent. The US also faces challenges like a port strike, the new Senate Bill on textile recycling, and a focus on sustainable practices in cotton farming. Fibre2Fashion News Desk (SB - WE) Source link
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chilimili212 · 4 months ago
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The US Department of Commerce said in October that the US economy remained strong with an increase in real gross domestic product (GDP) and a rise in wages and consumer spending. Earlier in September, S&P Global Ratings had predicted a 2.7 per cent expansion in US economy in 2024, and 1.8 per cent in 2025 on an annual average basis. These forecasts were 0.2 and 0.1 percentage point higher respectively, compared with the rating agency’s June forecasts. Agency forecasts Q4, FY25 growth at 2 per cent, down from 3.1 per cent in same quarter last fiscal. Additionally, the agency expected softening of real income growth, and observed the signs of slowdown in discretionary consumption. It saw inflation to stay slow in the coming months, and industrial production to remain flat quarter-on-quarter. It further estimated, at around 25 per cent, the probability of a recession starting within the next 12 months. In 2024, US businesses continued to face higher costs of capital and policy uncertainty, which limited capital expenditure and hiring. Employment overview The unemployment rate is likely to rise in the next several quarters to 4.5 per cent by the end of 2025, from the current 4.2 per cent, forecasts S&P Global in the same report. Analysing the employment situation in the country, S&P Global observed that the expansion of the labour force, rather than a fall in employment, caused a rise in the unemployment rate. This marked the key difference from the previous cycles at the start of recession. According to the Bureau of Labour Statistics (BLS), the US economy added 254,000 jobs in the month of September. With the rate of unemployment at 4.1 per cent – the lowest average unemployment in 50 years, the number of unemployed stood at 6.8 million. The Department of Commerce found these figures exceeding the expectations. It is reported that 16 million jobs were created under the outgoing government. The Department further said that over 700,000 new manufacturing jobs were created and over $910 billion in private manufacturing investments were announced nationwide in the industries of the future. Wages also continued to rise. The latest BLS estimates showed real average hourly earnings for all workers increased 0.2 per cent month-on-month and 1.3 per cent year-on-year in August. In September, the labour force participation rate was 62.7 per cent for the third consecutive month, and the employment-population ratio changed little at 60.2 per cent. The number of 5.7 million people, those not in the labour force but wanted a job, too changed little in September. Half-yearly trade On a half-yearly basis, between January and June 2024, the US imports of textiles and apparel declined 3.58 per cent to $49.349 billion from $51.178 billion during the same period of last calendar year. Apparel constitutes the bulk of the US textile imports, and it fell by 6.04 per cent to $35.748 billion from $38.044 billion last year, while non-apparel imports rose 3.55 per cent to $13.134 billion. Man-made fibre products dominated the imports at $25.235 billion, followed by cotton products at $20.697 billion, silk and vegetable fibre products at $1.889 billion, and wool products at $1.527 billion, according to the Office of Textiles and Apparel (OTEXA). China continued to stay as the largest supplier with 24.26 per cent market share, followed by Vietnam with 14.78 per cent share. Among the top ten suppliers, only Cambodia showed an increase in apparel imports, growing 4.45 per cent to $1.52 billion. Meanwhile, imports from Mexico, Bangladesh, Indonesia, China and India fell by 11.24 per cent, 10.97 per cent, 9.75 per cent, 6.37 per cent and 2.64 per cent respectively. During the same period, the exports of textiles and apparel from the US dropped 3.17 per cent to $11.5 billion. Mexico and Canada were the top export destinations, buying $6.1 billion and $4.2 billion worth of merchandise from the US respectively. At the same time, the inflation-impacted EU registered an 11.2 per cent drop in apparel consumption during the reported period, resulting in $1.2 billion in orders. The other significant export destinations were Honduras, China, the Dominican Republic, the UK, and Japan. Freight prices impacted the trade levels. With reduced water levels in the Panama Canal, the cost and duration of transit between Asia and the American East Coast increased, while security worries surrounding the Suez Canal raised container rates. Upland cotton export As of October 3, 2024, the net sales of Upland (short and medium staples) cotton in the US, for 2024-25 season, had totalled to 95,800 RB (Running Bales) with each bale weighing 226.8 kg or 500 pounds. Exports of Upland cotton during the period totalled to 107,100 RB, with Pakistan (26,800 RB), Mexico (15,000 RB), Vietnam (11,300 RB), China (9,700 RB), and Honduras (8,200 RB) emerging as the primary destinations. According to the USDA’s export sales report for the week ending September 26, significant increases in Upland cotton sales were observed, particularly for Vietnam (29,100 RB, including a decrease of 6,900 RB), Pakistan (25,400 RB, including a decrease of 600 RB), Peru (14,000 RB), Guatemala (11,300 RB, including a decrease of 100 RB), and China (8,500 RB). However, the gains achieved in these territories were offset by reductions in sales to Malaysia (17,600 RB) and Japan (100 RB). Additionally, net sales of 39,600 RB for the 2025-26 season were destined for Malaysia. As of the Pima cotton, the net sales amounted to 9,500 RB for the same season, for which increases were mainly noted for India (6,200 RB, including a decrease of 1,700 RB), Peru (1,000 RB), Djibouti (900 RB), Türkiye (500 RB), and Thailand (400 RB). Exports of Pima cotton reached 6,500 RB that included major destinations of India (4,500 RB), Bangladesh (800 RB), Pakistan (400 RB), Egypt (400 RB), and Japan (100 RB though with reduced sales). Election outcome The US had elections in 2024 and voted for electing a new President, results of which were expected to have impact on the US textile industry, with both contesting candidates holding similar trade policies that also include potential bans on Chinese imports. With Republican party coming to power, the trade policies and protectionism was expected to disrupt supply chains and increase costs, while a win for Democrats would mean more focus on higher corporate taxes that may raise production expenses. The US textile sector is reliant on imports hence needs trade agreements to sustain growth. At the time of this feature going into press, the Republican candidate was elected to be the next US President, who is scheduled to take oath on January 20, 2025. Port strike In October, the US East Coast and Gulf Coast port operators faced a 3-day strike by the dockworkers, resulting in a cargo backlog. The strike ended with the US Maritime Alliance and the International Longshoremen’s Association reaching a tentative agreement on wages. The master contract was also extended till January 15, 2025. The negotiation on all other outstanding issues was to follow this truce. The development arrested further rise of freight charges at right time. Average spot rates on the most affected trade route from North Europe to US East Coast had reached $2,900 per FEU (40 ft equivalent unit) on October 4, increasing 58 per cent since the end of August. The alternative trade route from North Europe to the US West Coast was also hit, where the average spot rates increased 48 per cent in the same period to reach $4,450 per FEU. However, the re-establishment of normal flow of goods was to take another 2- to 3-week time. As of October 4, there were 44 ships lined up and more than 120 on-route, to enter the affected ports. This was expected to impact schedules towards the end of 2024, and possibly into 2025 as well, in the run-up to Lunar New Year at the end of January which traditionally sees an increase in goods shipped out of the Far East. Senate Bill 707 California’s Responsible Textile Recovery Act of 2024 (Senate Bill or SB 707) was signed into a law by the US State’s Governor. The legislation established the country’s first EPR (Extended Producer Responsibility) textile recycling programme, and marked a significant step forward in the state’s efforts to combat waste and promote sustainability. SB 707 mandates a framework for producers and other participants in the value chain to take responsibility for the entire lifecycle of their products and textiles, including repair, recycling and reuse of garments and fibres. When implemented, it will not only reduce the amount of textiles sent to landfills, but also support the development of upcycling and recycling across California. It will additionally help address the environmental impacts of fast fashion and the throwaway culture which such a fashion has given birth to. It will also incentivise producers to adopt less wasteful production and greener designs. Grower enrolment increased The US textile industry reflected its growing commitment to sustainable practices when the US Cotton Trust Protocol achieved a remarkable 35 per cent increase in grower enrolment for the 2024 crop year. The Trust Protocol currently has 2.1 million acres of cotton under sustainable cultivation, which it aims to increase further. The Trust has plans to achieve this increase in its footprint mainly through the Climate Smart Cotton Program which targets the inclusion of historically underserved communities. Key event A semi-annual exhibition was held at the Javits Center in New York City in the month of July. The event was organised jointly by the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT), and Messe Frankfurt North America, in which more than 500 Chinese companies displayed their latest innovations and sustainability efforts. Of this, 137 companies had environmentally friendly certifications. All the Chinese supplies during the event had innovations and sustainability, a clear departure from the ‘stigma’ that is generally associated with Chinese products being of lower quality or the cheap fashion. The Chinese products have shown a change over the years as they get better and better from a quality perspective. The US economy showed strong growth, with GDP rising and wages and consumer spending increasing. However, S&P Global forecasts slower growth and a higher unemployment rate by 2025. Textile imports decreased, while exports dropped 3.17 per cent. The US also faces challenges like a port strike, the new Senate Bill on textile recycling, and a focus on sustainable practices in cotton farming. Fibre2Fashion News Desk (SB - WE) Source link
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b2bbusiness · 5 months ago
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Outdoor Sportswear Market: Trends, Growth, and Insights
The global outdoor sportswear market is experiencing significant growth, driven by increasing interest in fitness, recreational activities, and sustainability-focused consumer preferences. Outdoor sportswear, encompassing functional apparel for activities such as hiking, running, cycling, and climbing, has evolved beyond performance to include style and environmental responsibility. This article explores the market's trends, growth drivers, and key insights shaping its future.
Market Overview
The outdoor sportswear market is a vital segment of the larger activewear industry, characterized by robust demand for versatile, durable, and performance-oriented products. As consumers become more health-conscious and seek outdoor activities for recreation and fitness, the need for quality outdoor apparel has surged.
In 2024, the market is projected to grow at a compound annual growth rate (CAGR) of 5.8% over the next few years, with revenues expected to exceed $25 billion by 2030.
Key Trends Shaping the Market
1. Increasing Participation in Outdoor Activities
The pandemic sparked a global interest in outdoor pursuits such as hiking, trekking, and cycling, boosting demand for outdoor sportswear. Governments and organizations worldwide have been promoting healthy lifestyles, further fueling market growth.
2. Sustainability in Sportswear
Eco-friendly fabrics, including recycled polyester and organic cotton, are becoming central to outdoor sportswear production. Brands like Patagonia and The North Face lead the charge by offering sustainable products that align with consumers' values.
3. Integration of Technology
The adoption of smart fabrics with features such as moisture-wicking, UV protection, and temperature regulation is revolutionizing outdoor sportswear. Wearable technology integration, like heart rate monitoring in clothing, is also gaining traction.
4. Rise of Athleisure
Outdoor sportswear has expanded into casualwear, blurring the lines between performance and lifestyle clothing. The athleisure trend has made outdoor apparel suitable for both sports and everyday activities.
Key Market Segments
1. By Product Type
Jackets and Coats: Essential for hiking and trekking in various climates.
Pants and Shorts: Durable and stretchable options dominate the market.
Tops and T-Shirts: Lightweight, breathable, and moisture-wicking fabrics are key.
2. By End User
Men's Sportswear: A significant share due to demand for rugged designs.
Women's Sportswear: A growing segment, with brands emphasizing style and comfort.
Kids' Sportswear: Increasingly popular, driven by family-oriented outdoor activities.
3. By Distribution Channel
Online Stores: Convenience and a wide range of choices drive this segment's growth.
Specialty Stores: Focused on expert advice and a curated product range.
Supermarkets and Hypermarkets: Affordable options for budget-conscious consumers.
Regional Insights
1. North America
The largest market for outdoor sportswear, driven by high disposable incomes and a strong culture of outdoor recreation.
2. Europe
Sustainability-conscious consumers dominate, with countries like Germany and the UK leading the way.
3. Asia-Pacific
Fastest-growing region, with increasing participation in outdoor sports in countries such as China and India.
Competitive Landscape
The market features prominent players such as:
Patagonia
Columbia Sportswear Company
The North Face (VF Corporation)
Adidas AG
Nike Inc.
These brands focus on innovation, sustainable materials, and expanding their product portfolios to capture market share.
Challenges in the Outdoor Sportswear Market
High Cost of Premium Products: Quality outdoor sportswear often comes at a premium price, limiting access for cost-sensitive consumers.
Environmental Concerns: Despite progress, the production process still poses challenges for sustainability.
Seasonality: Sales are influenced by seasonal trends, particularly in regions with extreme weather.
Future Outlook
The outdoor sportswear market will continue to thrive as fitness trends, sustainability, and technological advancements reshape consumer behavior. Manufacturers must prioritize eco-friendly practices, innovation, and versatile designs to stay competitive.
Investments in digital marketing and e-commerce will also be critical for brands to connect with tech-savvy consumers and expand their global footprint.
To know more about the outdoor sportswear market forecast, download a free report sample
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amrutatbrc1 · 7 months ago
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Cycling Apparel Market 2024-2033 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies 
The cycling apparel global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cycling Apparel Market, 2024The cycling apparel global market report 2024
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Market Size -
The cycling apparel market size has grown strongly in recent years. It will grow from $4.73 billion in 2023 to $5.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to rise in commuting cyclists, increasing sales of cycles, increase in health-related concerns, increasing prioritizing clothing, and the growing popularity of cycling tournaments. The cycling apparel market size is expected to see strong growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasingly offering customization options, increasing urbanization, rising frequency of cyclists in small and medium-sized cities, and rising emphasis on sustainability and ethical production. Major trends in the forecast period include advancements for lightweight and breathable materials, technological innovations, advancements in fabric technology, focus on sustainability and eco-friendly materials, and focus on customization and personalization.
Order your report now for swift delivery @
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers -
The increasing popularity of cycling is expected to propel the growth of the cycling apparel market going forward. Cycling, also known as biking or bicycling, utilizes bicycles for transportation, recreation, exercise, or sport. The rise in cycling popularity is due to health benefits, convenience for urban travel, cultural shifts, and investments in cycling infrastructure. Cycling apparel enhances the overall riding experience, allowing cyclists to perform better, stay comfortable, and ride safely. For instance, in August 2023, according to RunRepeat, a Denmark-based company that manufactures running shoes, over 51 million people in the US cycle yearly, with 1 billion bicycles in use around the world. Therefore, the increasing popularity of cycling drives the growth of the cycling apparel market.
Market Trends -
Major companies operating in the cycling apparel market focus on developing sustainable products such as sustainable materials cycling apparel to reduce their environmental impact, meet consumer demand for greener products and contribute to a more sustainable future. Sustainable materials for cycling apparel are designed to minimize environmental impact while providing cyclists with the necessary performance, comfort, and durability. For instance, in April 2022, Trek Bicycle, a US-based bicycle and cycling equipment company, launched its first cycling apparel line that contains more sustainably sourced materials. The new apparel line includes cycling jerseys, shorts, and socks made with recycled materials, including fabric fibers from recycled plastic water bottles and pre-consumer textile waste. This emphasis on sustainability and eco-friendly materials aligns with current consumer preferences and industry trends within the cycling apparel market.
The cycling apparel market covered in this report is segmented –
1) By Product Type: Jerseys, Shorts, Bib Shorts, Jackets, Gloves, Tights And Pants, Arm And Leg Warmers, Base Layers, Accessories 2) By Material Type: Synthetic Fabrics, Natural Fabrics, Blended Fabrics, Smart Textiles, Other Material Types 3) By Cycling Type: Road Cycling, Mountain Biking, Commuting And Urban Cycling, Touring And Bikepacking, Track Cycling 4) By Distribution Channel: Online Retail, Offline Retail, Specialty Stores, Multi-Brand Stores, Sports Equipment Chains 5) By End-User: Professional, Amateur
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Regional Insights -
North America was the largest region in the cycling apparel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cycling apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies in the market are Endura Products Inc., ASSOS of Switzerland GmbH, Capo Industries Ltd., Sugoi Performance Apparel , De Marchi, Craft Sportswear, Voler Inc., Santini Maglificio Sportivo S.R.L., Le Col Limited, Gore Wear, Pearl Izumi, Rapha, Castelli Cycling, Epic Sports Inc., Primal Wear Inc., 7mesh IndustriesInc., Velocio LLC, Isadora, Attaquer, Morvélo, Black Sheep Cycling, Freedom Cycle Co., La Passione, Hincapie Sportswear Inc.
Table of Contents
1. Executive Summary 2. Cycling Apparel Market Report Structure 3. Cycling Apparel Market Trends And Strategies 4. Cycling Apparel Market – Macro Economic Scenario 5. Cycling Apparel Market Size And Growth ….. 27. Cycling Apparel Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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lalsingh228-blog · 1 year ago
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M&A Activity in Apparel Shoes Testing Services Market to Set New Growth Cycle
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Advance Market Analytics published a new research publication on "Apparel Shoes Testing Services Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Apparel Shoes Testing Services market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/181672-global-apparel-shoes-testing-services-market The Apparel Shoes Testing Services Market report covers extensive analysis of the key market players, along with their business overview, expansion plans, and strategies. The key players studied in the report include: Intertek (United Kingdom), Eurofins (France), UL (United States), CTC Groupe (France), QIMA (Hong Kong), Bay Area Compliance Laboratories Corp. (United States), Modern Testing Services, LLC (United States), Contract Laboratory (United States), Bureau Veritas (Hong Kong), SATRA Technology (United Kingdom), TÜV SÜD (Germany). Definition: Apparel shoe testing is conducted to ensure the quality of apparel and shoes manufactured is safe to use and fit for a specific purpose. Apparel and shoe testing help manufacturers and retailers to maintain the best standards and brand loyalty in the highly competitive fashion industry. However, trade laws and legislation concerning footwear testing methods and quality control in the European Union and other countries have led manufacturers, retailers, and suppliers for quality testing to meet the requirements and regulations. Most apparel and shoe manufacturers are looking to produce high-quality fashion goods that savvy consumers’ expectations and build a trusted brand. The following fragment talks about the Apparel Shoes Testing Services market types, applications, End-Users, Deployment model etc. A thorough analysis of Apparel Shoes Testing Services Market Segmentation: by Type (Protective Apparel Testing, Footwear Testing, Textile Testing, Textile Testing, Textile & Apparel Inspection), End-user (Fashion Manufacturers, Retailers) Apparel Shoes Testing Services Market Drivers:
Increasing Demand for Apparel & Shoe Testing Services to Maintain Quality of Product and Brand Loyalty
The Inclination of Consumers towards the High-quality Branded Fashion Goods Due to Increasing Disposable Income and Purchasing Power
 
Apparel Shoes Testing Services Market Trends:
Growing Adoption of Leather goods like Leather Shoes, Belts, Gloves, and Outerwear
Apparel Shoes Testing Services Market Growth Opportunities:
The Implementation of Import & Export Regulations by Government of Various Countries
As the Apparel Shoes Testing Services market is becoming increasingly competitive, it has become imperative for businesses to keep a constant watch on their competitor strategies and other changing trends in the Apparel Shoes Testing Services market. Scope of Apparel Shoes Testing Services market intelligence has proliferated to include comprehensive analysis and analytics that can help revamp business models and projections to suit current business requirements. We help our customers settle on more intelligent choices to accomplish quick business development. Our strength lies in the unbeaten diversity of our global market research teams, innovative research methodologies, and unique perspective that merge seamlessly to offer customized solutions for your every business requirement. Have Any Questions Regarding Global Apparel Shoes Testing Services Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/181672-global-apparel-shoes-testing-services-market Strategic Points Covered in Table of Content of Global Apparel Shoes Testing Services Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Apparel Shoes Testing Services market
Chapter 2: Exclusive Summary and the basic information of the Apparel Shoes Testing Services Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Apparel Shoes Testing Services
Chapter 4: Presenting the Apparel Shoes Testing Services Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2018-2022
Chapter 6: Evaluating the leading manufacturers of the Apparel Shoes Testing Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Apparel Shoes Testing Services Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/181672-global-apparel-shoes-testing-services-market What benefits does AMA research study is going to provide?
Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]
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yourusatoday · 1 year ago
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Unveiling Insights: Value Apparel Market Analysis
The value apparel market represents a dynamic and competitive segment within the global retail industry, catering to consumers seeking affordable and stylish clothing options. In this comprehensive analysis, we delve into the intricacies of the value apparel market, uncovering key trends, challenges, and opportunities driving its growth and evolution.
Understanding the Value Apparel Market: An Overview
The value apparel market encompasses a wide array of clothing brands and retailers offering affordable yet fashionable clothing options to consumers across the globe. From fast-fashion giants to budget-friendly apparel chains, the value segment caters to diverse consumer preferences and budget constraints. With an emphasis on affordability, trendiness, and accessibility, value apparel brands play a significant role in democratizing fashion and making style accessible to all.
Key Highlights from the Market Analysis Report
Consumer Trends and Preferences
Understanding consumer trends and preferences is essential for value apparel brands seeking to stay relevant and competitive in the market. The market analysis report delves into consumer behavior, shopping habits, and purchasing preferences across different demographic segments. From budget-conscious millennials to value-seeking families, retailers must align their product offerings and marketing strategies to resonate with target consumer groups and meet their evolving needs and expectations.
Fast Fashion and Supply Chain Dynamics
Fast fashion has emerged as a dominant force in the value apparel market, characterized by rapid production cycles, trend-driven collections, and efficient supply chain management. The market analysis report explores the dynamics of fast fashion and its impact on the value apparel segment, highlighting key trends such as shortened lead times, inventory optimization, and sustainability initiatives. As consumers demand greater transparency and accountability in supply chains, value apparel brands are under pressure to adopt ethical sourcing practices and environmental sustainability measures.
For more insights into the value apparel market forecast, download a free report sample
Online Retail and Digitalization
The rise of e-commerce and digitalization has revolutionized the value apparel market, offering consumers convenient access to a vast array of clothing options and shopping experiences. The market analysis report examines the growth of online retail platforms, mobile shopping apps, and social media influencers in shaping consumer preferences and purchase decisions. As online shopping continues to gain traction, value apparel brands must invest in digital marketing, user-friendly interfaces, and seamless omnichannel experiences to engage customers and drive sales in an increasingly competitive landscape.
Conclusion
In conclusion, the value apparel market presents both challenges and opportunities for brands and retailers seeking to thrive in a rapidly evolving landscape. By understanding consumer trends, embracing fast fashion dynamics, and leveraging digitalization trends, value apparel brands can position themselves for success and drive innovation in the market. As consumer preferences continue to evolve, agility, innovation, and customer-centricity will remain essential pillars for sustainable growth and competitiveness in the value apparel segment.
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Navigating the Supply Chain: Insights and Success Stories on the Power of Visibility
Originally published by Quantzig: Weekly Round-Up: A Storyboard on the Importance of Supply Chain Visibility
Introduction:
In this weekly round-up, Quantzig, a prominent analytics services provider, explores the crucial role of supply chain visibility in enhancing customer service and reducing costs. By providing proactive status updates on inventory, effective inventory management, and risk mitigation, supply chain visibility becomes a linchpin for businesses striving for efficiency. This storyboard delves into success stories, recent achievements, and the indispensable components of supply chain visibility that have revolutionized industries.
#1: Enhancing Replenishment with 20% Reduction:
Discover how a leading U.S. manufacturer transformed its replenishment cycle, experiencing an 85% improvement in forecast accuracy by leveraging Quantzig’s supply chain analytics solutions.
#2: Mitigating Failures with Inbound and Outbound Supply Chains:
Explore how a renowned sports goods and apparel manufacturer effectively addressed failures in inbound and outbound deliveries, achieving insights and improvements in outbound On-Time-In-Full (OTIF) levels.
#3: The Crucial Role of Supply Chain Visibility in Business:
Uncover the reasons why supply chain visibility is indispensable in today's business environment. From addressing global competition to handling increasing market complexities, this article provides a comprehensive overview of the challenges and benefits.
#4: Boosting Inventory Management and Reducing Disruptions:
Learn how a client simplified supply chain complexities, reduced disruptions, and improved operational performance through Quantzig’s supply chain analytics solutions.
#5: The Most Crucial Components of Supply Chain Visibility:
Gain insights into the critical components of supply chain visibility that improve productivity by providing transparency into supply chain processes.
#6: Facilitating Innovative Care Models in Healthcare:
Explore how a leading healthcare industry player gained real-time visibility into shipment lead times, supplier production rates, and customer sales projections, offering innovative care models to customers.
#7: Secret Tips to Significantly Boost Supply Chain Visibility:
Uncover the secret tips that can help businesses boost their supply chain visibility significantly, enabling them to respond proactively to supply and demand changes.
#8: Improving Supply Chain Efficiency by 10%:
Discover how Quantzig's supply chain visibility solutions aided a client in effectively managing surges in demand, identifying shortages, and eradicating disruptions in the supply chain.
#9: Reasons Why You Can't Avoid Supply Chain Visibility:
Explore the challenges posed by ever-growing competition, globalization, and business complexities, and understand why avoiding the incorporation of supply chain visibility solutions can be precarious for businesses.
#10: Boosting Revenue through Cost-to-Serve Reduction:
Learn how a leading U.S. retailer enhanced its supply chain visibility and demand-supply management, witnessing significant improvements in overall performance and revenue.
For more detailed insights into the applications of supply chain visibility solutions in your organisation, connect with our experts.
Connect with us for tailor-made solutions
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businesspr · 2 years ago
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Swim, Bike, Run: Triathlon Clothing Market Overview
Triathlon Clothing Market Overview: The Triathlon Clothing market focuses on the design, manufacturing, and sale of specialized apparel for triathletes, individuals participating in the multi-discipline sport of triathlon. Triathlon involves swimming, cycling, and running, and the clothing designed for this sport must provide comfort, performance, and durability in all three activities. The…
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writerblogs · 2 years ago
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Global Cycling Wear Market is Estimated To Witness High Growth Owing To Increasing Popularity of Cycling
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The global Cycling Wear Market is estimated to be valued at US$ 3,743.8 million in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Cycling wear refers to specialized clothing and accessories designed for cyclists. These include jerseys, bib shorts, jackets, gloves, helmets, shoes, and socks, among others. Cycling wear offers numerous advantages such as moisture-wicking properties, durability, breathability, and aerodynamic designs, which enhance the performance and comfort of cyclists. With a growing focus on fitness and increasing participation in cycling as a recreational and professional sport, the demand for cycling wear has witnessed significant growth. The need for specialized clothing and accessories that provide comfort, protection, and performance benefits while cycling has fueled the market growth. B) Market Key Trends: One key trend in the global cycling wear market is the increasing popularity of cycling as a sustainable and eco-friendly mode of transportation. With rising environmental concerns and efforts to reduce carbon emissions, more people are adopting cycling as an alternative to cars or public transport. This trend has led to a surge in demand for cycling wear as individuals seek functional and comfortable clothing to enhance their cycling experience. For example, cities around the world have implemented bike-sharing programs and developed cycling infrastructure to promote cycling as a means of transportation. This has increased the number of cyclists on the road, driving the demand for cycling wear. Furthermore, advancements in fabric technologies have improved the performance and comfort of cycling wear, further attracting consumers. C) PEST Analysis: Political: Governments worldwide are promoting cycling as a sustainable mode of transportation, offering incentives such as tax breaks for cyclists and investing in cycling infrastructure. Economic: The increasing popularity of cycling has boosted the sales of cycling wear, driving the revenue growth of the market. Furthermore, the rise in disposable incomes and the growing fitness-conscious population have contributed to market expansion. Social: The growing health and wellness trend, coupled with the desire to reduce carbon emissions, has led to an increase in the number of cyclists globally. This social shift has created a favorable environment for the cycling wear market. D) Key Takeaways: 1. The global Cycling Wear Market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing popularity of cycling as a sustainable mode of transportation and sport. 2. In terms of regional analysis, Europe is anticipated to be the fastest-growing and dominating region in the cycling wear market. The region's strong cycling culture, supportive government initiatives, and well-established cycling infrastructure contribute to its market dominance. 3. Key players operating in the global cycling wear market include Lumiere Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing Limited, 2xu Pty Ltd., Maap, Attaquer Pty Ltd., Blacksheep, Pas Normal Studios, Santini Maglificio Sportivo S.R.L. P.I. - C.F., Capo, and Pedla. In conclusion, the global cycling wear market is witnessing significant growth due to the increasing popularity of cycling as a sustainable and eco-friendly mode of transportation. With advancements in fabric technologies and growing fitness-consciousness, the demand for specialized clothing and accessories for cyclists is expected to rise. Europe is projected to be the dominant region in the market, supported by its strong cycling culture and government initiatives. Key players in the market are focused on innovation and product development to cater to the diverse demands of cyclists worldwide.
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myblogscmi · 2 years ago
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Europe Sporting Goods Market Is Estimated To Witness High Growth Owing To Increasing Health and Fitness Awareness
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The Europe Sporting Goods Market is estimated to be valued at US$ 153.7 Bn in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The Europe Sporting Goods Market includes a diverse range of sports equipment and apparel, catering to various sports such as football, basketball, tennis, golf, and others. These goods are designed to enhance performance and provide comfort to athletes and enthusiasts. The market offers a wide range of products, including footwear, clothing, balls, protective gear, and fitness equipment. The growing awareness about health and fitness among individuals is one of the primary driving factors for the market growth. With an increasing number of people participating in sports activities and adopting fitness regimes, the demand for sporting goods has witnessed significant growth. These goods aid in improving athletic performance, protecting against injuries, and providing comfort during physical activities. B) Market Key Trends: One key trend in the Europe Sporting Goods Market is the rising focus on sustainability and eco-friendly products. Consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking products that align with their values. As a result, companies are introducing innovative products made from sustainable materials such as recycled plastics, organic cotton, and bio-based fabrics. For example, Adidas AG launched a collection of running shoes made from recycled ocean plastic in collaboration with Parley for the Oceans. This trend is expected to drive the demand for sustainable sporting goods in the market. C) PEST Analysis: Political: The political stability and favorable regulations in European countries support the growth of the sporting goods market. Governments often promote sports activities, leading to increased participation and demand for sporting goods. D) Key Takeaways: Market Size Related Content: The Europe Sporting Goods Market is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period. The increasing health and fitness awareness among individuals is driving the demand for sporting goods. For instance, the popularity of fitness activities such as running, cycling, and gym workouts has surged, leading to higher demand for appropriate footwear, clothing, and equipment. Regional Analysis Related Content: Europe is the fastest-growing and dominating region in the sporting goods market. The region has a strong sports culture and a large population actively participating in various sports activities. Additionally, events such as the UEFA European Championship, Wimbledon, Tour de France, and the Olympics drive the demand for sports equipment and apparel. Key Players Related Content: Key players operating in the Europe Sporting Goods Market include Adidas AG, Nike, Inc., Under Armour, Inc., PUMA SE, Amer Sports, Odlo, Hammer Sports, Polar Electro, KETTLER, and WaterRower. These players focus on innovation, product development, marketing strategies, and collaborations to maintain their market position and cater to the evolving customer preferences. In conclusion, the Europe Sporting Goods Market is expected to witness significant growth due to the increasing health and fitness awareness among individuals. The rising demand for sustainable and eco-friendly products is also driving the market. Europe, with its strong sports culture and active population, dominates the market. Key players in the market are continuously striving to meet consumer demands through innovation and collaborations.
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visulon · 2 years ago
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The Art and Science of Merchandise Planning: Optimizing Retail Success through Analysis and Strategy
The merchandise planning process is a crucial aspect of retail and product-based businesses. It involves a series of steps and analyses to ensure that the right products are available in the right quantities, at the right time, and in the right locations, to meet customer demand and maximize sales and profitability. Here's an overview of the typical merchandise planning process:
Market Research and Analysis: The process begins with understanding market trends, customer preferences, and industry insights. This research helps identify potential opportunities and threats, which can influence the merchandise strategy.
Sales and Performance Analysis: Analyzing historical sales data is essential to assess the performance of various products, categories, and locations. This information provides insights into top-performing products, slow movers, and seasonal patterns.
Assortment Planning: Based on the market research and sales analysis, retailers determine the product assortment they want to offer. This involves selecting the right mix of products, brands, and categories that align with the company's overall strategy and target audience.
Demand Forecasting: Accurate demand forecasting is critical for merchandise planning. It involves using historical data, market trends, and other relevant factors to predict future demand for each product and category.
Inventory Planning: Inventory management is about determining how much stock to carry for each product, category, and location to meet anticipated demand without overstocking or facing stockouts.
Buying and Procurement: Once the inventory requirements are established, retailers purchase products from suppliers or manufacturers. Negotiating favorable terms and conditions with suppliers is a key aspect of this step.
Allocation: Allocating inventory involves deciding how much of each product should be sent to specific stores or distribution centers based on demand forecasts, regional preferences, and store capacities.
Pricing Strategy: Developing a pricing strategy that aligns with customer expectations, competition, and profit margins is vital. The pricing decisions can vary based on product type, brand positioning, and the overall retail strategy.
Visual Merchandising: Planning how products are displayed in-store or online is essential for creating an appealing and effective shopping environment. This includes product placement, signage, and promotional displays.
Promotions and Markdowns: Planning promotional events and markdown strategies is crucial for managing inventory levels, boosting sales during slow periods, and clearing out excess inventory.
Performance Monitoring and Analysis: Continuously monitoring sales and inventory performance is essential for merchandise planning. Retailers should analyze how well their strategies are working and make adjustments as needed.
Feedback and Adjustments: Gathering feedback from customers, store staff, and other stakeholders is important for identifying areas of improvement. This feedback can be used to refine future merchandise planning efforts.
The merchandise planning process is an ongoing cycle of analysis, decision-making, and adjustments to ensure a successful retail operation and customer satisfaction. Advanced technology and data analytics have become increasingly important in modern merchandise planning to optimize inventory management and product offerings.
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