LONDON--(BUSINESS WIRE)--The reflective sportswear market is expected to grow by USD 628.28 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the reflective sportswear market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19
The reflective sportswear market will witness a Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Reflective Sportswear Market Participants:
adidas AG
adidas AG operates its business under various segments such as footwear, apparel, and hardware segments. The company offers reflective clothing, gear, shoes, and sneakers under the brand adidas.
ASICS Corp.
ASICS Corp. operates its business under sports shoes, sportswear, and sports equipment segments. The company offers apparel and footwear with night running reflective technology.
Columbia Sportswear Co.
Columbia Sportswear Co. operates its business under two segments, which include apparel, accessories and equipment and footwear. The company offers omni-heat reflective insulated apparel and footwear under the brands Emerald Lake, Delta Ride, Grand Trek, and others.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/reflective-sportswear-market-industry-analysis
Reflective Sportswear Market 2020-2024: Segmentation
Reflective sportswear market is segmented as below:
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Product
- Apparel
- Footwear
- Others
-
Distribution channel
- Offline
- Online
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
The reflective sportswear market is driven by improved marketing strategies by key competitors. In addition, other factors such as increasing number of fatalities resulting from hard adventure sports activities are expected to trigger the reflective sportswear market toward witnessing a CAGR of almost 5% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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