Sports Apparel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Sports Apparel Market
The sports apparel market size was valued at USD 203.26 billion in 2023, and the market is now projected to grow from USD 211.57 billion in 2024 to USD 298.06 billion by 2032, exhibiting a CAGR of 4.38% during the forecast period of 2024-2032.
The COVID-19 outbreak notably impacted the worldwide monetary gadget and multiple industries. This scenario caused lockdowns and restrictions imposed through governments round the area to control the unfold of the infection. The shutdown of gyms and sports activities sports activities complexes precipitated the product name for to say no appreciably, leading to a first-rate discount in amusement hobby participation and related market increase
Manufacturers are introducing sportswear substances that soak up sweat and hold wearers cool and dry, along with cotton, spandex, microfiber, nylon, polyester, and calico. These fabric enhance exercising consolation via way of supporting frame actions with pinnacle-rated elasticity. For instance, in September 2022, Nike added ""Forward,"" a today's cloth produced with fewer steps and much less strength. This cloth is less dense than woven or knitted fabrics, presenting greater comfort for athletes and a climate-pleasant opportunity for consumers.
Increasing recognition of wholesome existence and the popularity of sports and leisure sports are the use of the boom of sports clothing earnings globally, in part because of developing weight issues charges among younger and person populations. Recreational and sports enhance health and well-being, enhance health, beautify intellectual and physical fitness, relieve stress, and save you continual illnesses like coronary heart assaults. The growing interest of human beings of all age companies and skills in leisure activities that display off their strengths will in addition enhance marketplace growth.
Comprehensive Analysis of Sports Apparel Market
The sports apparel market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by product analysis, by demography analysis and by distribution channel analysis. By product analysis include, tops & t-shirts, trousers & tights, shorts, and others. By demography analysis includes, men, women and kids. By distribution channel analysis include, online and offline.
The North America region lead the sports apparel market share by benefitting a market size of USD 80.40 billion in 2023 due to the rising influence of sports, such as basketball, football, and baseball in the country.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include Nike, Inc. (U.S.), Adidas AG (Germany), Puma SE (Germany), Lululemon Athletica, Inc. (Canada), Under Armour, Inc. (U.S.), Columbia Sportswear Company (U.S.), Asics Corporation (Japan), FILA Holdings Corp. (South Korea), Mizuno (Japan), LI Ning Company Limited (China), these market players provide a level-playing competitive landscape.
In January 2023 Lululemon introduced the release of its new e-commerce internet site ‘Lazada’ to amplify its presence at some stage in Asia Pacific, marking the emblem's first e-alternate partnership in Asia through its flagship preserve on Lazmall.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.38% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product
Tops & T-Shirts
Trousers & Tights
Shirts & T-shirts
Others
By Demography
Men
Women
Kids
By Distribution Channel
Online
Offline
By Region
North America (By Product, Demography, Distribution Channel, and Country)
- U.S. (By Product)
- Canada (By Product)
- Mexico (By Product)
Europe (By Product, Demography, Distribution Channel, and Country)
- Germany (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- U.K. (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, Demography, Distribution Channel, and Country)
- China (By Product)
- India (By Product)
- Japan (By Product)
- Australia (By Product)
- Rest of Asia Pacific (By Product)
South America (By Product, Demography, Distribution Channel, and Country)
- Brazil (By Product)
- Argentina (By Product)
- Rest of South America (By Product)
Middle East and Africa (By Product, Demography, Distribution Channel, and Country)
- South Africa (By Product)
- UAE (By Product)
- Rest of Middle East & Africa (By Product)
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