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Report Overview
The Paraguay sportswear market size reached a value of about USD 134.85 Million in 2024. The market is projected to grow at a CAGR of 4.70% between 2025 and 2034 to attain around USD 213.46 Million by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Paraguay Sportswear Market Competitive Landscape
Under Armour, Inc., headquartered in Maryland, United States, is a company that is engaged in the marketing, production, and distribution of sportswear, including performance apparel, accessories, and footwear. The company develops its products in diverse designs and styles, and its sportswear is widely preferred by athletes and consumers with active lifestyles.
Nike, Inc., established in 1967, is a leading manufacturer and seller of athletic apparel, services, accessories, equipment, and footwear. Although the company’s apparel and footwear are primarily designed for athletic purposes, they are also worn for leisure and casual activities. The majority of the company’s apparel and footwear products are manufactured in the United States. Moreover, it offers digital products such as activity and fitness apps to enhance consumer experience.
PUMA SE, headquartered in Germany, is one of the leading sports brands in the world. Through its innovative offerings, the company aims to enhance sports like running, football, basketball, golf, and training, among others. The company also intends to eliminate the use of chemicals in its production processes and reduce carbon emissions.
Other market players include ADIDAS AG, New Balance Athletics, Inc., and Fitbit, LLC.
Paraguay Sportswear Market Report Snapshots
Paraguay Sportswear Market Size
Paraguay Sportswear Market Share
Paraguay Sportswear Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 134.85 Million.
The market is estimated to grow at a CAGR of 4.70% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 213.46 Million by 2034.
The rising participation in sports, increasing health consciousness, and the growing consumer inclination towards comfortable clothing are driving the market for sportswear in Paraguay.
The key trends propelling the market growth include the rising use of sustainable materials in sportswear, the development of sportswear with enhanced functional properties, the growing popularity of sportswear among women, and the surging demand for sportswear from online retail channels.
The major product types in the market are apparel, footwear, and wearables.
The various end users of sportswear are men, women, and children.
The significant distribution channels in the market are e-commerce and retail stores.
The major players in the market are Nike, Inc., PUMA SE, ADIDAS AG, Under Armour, Inc., New Balance Athletics, Inc., and Fitbit, LLC, among others.
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