Europe Smart Clothing Market Size to Cross USD 1 Billion by 2024
Category: #business  By Shashie Pawar  Date: 2020-09-28
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Europe Smart Clothing Market Size to Cross USD 1 Billion by 2024

The research report on Europe smart clothing Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors.

Request a sample of this research report @ 

https://www.graphicalresearch.com/request/1070/sample

As per the report, Europe smart clothing market size crossed USD 80 million in 2017 and is likely to reach USD 1 billion by the end of 2024, growing at an expected CAGR of 49% over 2018 - 2024. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the Europe smart clothing industry is characterized by. The Europe smart clothing market, as per given report, is fragmented on basis of medical & fitness, military, and defense segments, regions, and competitive landscape.

Based on product bifurcation, smart undergarments in the smart clothing market is expected to cover large revenue shares in Europe. Modern products have been developed by incorporating intelligent technology capable of controlling smartphones. They are integrated with fabric sensor arrays that enable wireless charging and can track heart rate, temperature, pressure, and hydration levels in the human body. Additionally, the garments are water resistant and can be washed on a regular basis without hindering the performance benefits.

 The overall Europe smart clothing industry is diversified into various regions and economies including UK, Germany, France, Italy and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

Sports & fitness sector in Europe has dominated the smart clothing market owing to the EU commission initiatives adopted for the usage of smart textiles by professionals. These clothes have the potential to improve the training levels of athletes. Players in the sports & fitness sector majorly comprise start-ups and SME companies, focusing on developing cost-effective and high-quality products to improve the user performance. The technically-advanced sportswear offers efficient solutions to the wearers seeking detailed data about their fitness and performance.

Taking into account the competitive landscape, Europe smart clothing industry is highly consolidated and boasts of presence of companies like Clothing+, Nike, Adidas, AiQ, Hexoskin, MAD Apparel, Wearable Technologies Service GmbH, Sympatex, Applycon, and Belginova NV. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

Chapter 3.Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2017

 

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About Author

Shashie Pawar

Shashie Pawar    

Shashie Pawar is a tech blogger and a digital marketing pro since 3 years and writes for Ground alerts. A Electronics & communication Engineering graduate by education, Shashie offers his analysis on the tech market research landscape. His strong suit is analyzing the...

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