In 2022, the global #sportswear industry experienced a modest 2 percent revenue growth, but rebounded strongly in 2023 with a 6 percent Compound Annual Growth Rate (CAGR). Senior partner #Gemma Auria and colleagues have noted a renewed sense of optimism within the industry. Growth is projected to accelerate, reaching a global annual rate of 7 percent by 2027. North America and Asia-Pacific are expected to lead this growth, driven by consumer preferences shifting towards more accessible and social sports like pickleball and paddle tennis, as opposed to traditional organized sports with stricter commitments and skill requirements.
#sportwear #northamericamarket #northamerica #asiapacific #growth #sport #tennis
lulu journey continues .....necessity is the Mother of inspiration.
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