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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Paraguay Sportswear Market Share by End User
Men account for a significant share in the Paraguayan market for sportswear. This can be attributed to the growing popularity of sports like volleyball and football among men in the country. With the increasing participation of men internationally in sports like rugby, football, and basketball, among others, the demand for sportswear is likely to grow in the forecast period.
In the coming years, women are anticipated to dominate the Paraguay sportswear market due to the rising health consciousness among women and their surging participation in sports. The emerging trend of health and wellness is prompting key players like Nike and Under Armour, among others, to drive innovations in sportswear for women. Besides, sportswear is gaining popularity as fashion-oriented, durable, and comfortable clothing among women, which is expected to favour the market in upcoming years.
Market Share by Distribution Channel
Retail stores account for a significant share in the Paraguay sportswear market due to the rising presence of retailers offering innovative sportswear that can improve blood circulation and heart function while reducing fatigue and injuries. As retail stores enable brands to showcase unique and diverse product, the sales of sportswear from brick-and-mortar stores is growing.
The e-commerce segment is expected to witness a robust growth in the forecast period due to the rising trend of online shopping, the surging smartphone ownership, and the increasing accessibility to high-speed internet connectivity. Moreover, the growing focus of leading companies to improve their logistics flexibility, including product localisation, ease of online payment, and increased delivery efficiency is anticipated to bolster the sales of sportwear in the forecast period in Paraguay.
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 2023, the market attained a value of nearly USD 134.85 million.
The market is estimated to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 204.16 million by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124