Sportswear Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Sportswear Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Sportswear Market

The sportswear market size was valued at USD 182.01 billion in 2022, and the market is now projected to grow from USD 193.89 billion in 2023 to USD 305.67 billion by 2030, exhibiting a CAGR of 6.72% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the sportswear market growth as curbing coronavirus outbreak was prioritized. The outbreak of coronavirus has negatively impacted the industry throughout the globe as lockdowns and restrictions on the variety of consumer shop occupancy resulted in a reduction in sales.

The sportswear market share globally has been contributed due to the surging female participation in sports. The growing range of ladies taking part in various sports domain names, along with football, athletics, basketball, and others is favoring product call for.

Furthermore, there’s been a notable trend of rising adoption of smart sportswear. The growing adoption of smart sports clothing, which is designed to decorate the exercising habitual, screen performance, and provide actual-time comments, acts as a possibility for the sports clothing market boom.

Comprehensive Analysis of Sportswear Market

The sportswear market and consumer goods industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the consumer goods industry. These segmentations are methodically segregated by product type, end-user, and distribution channel. The product types include, Footwear, Apparel, and Wearables. However, the end-user is such as Men, Women, and Children.

The North American region is conducive to the global sportswear market, leading to a recall of USD 83.04 billion owing to thriving growth of the recreational industry. The thriving boom of the recreational industry at this location resulted in escalating usage of the product.

The top players in the market play a crucial role in the consumer goods industry assuring industrial prospectus growth and setting market standards. These players include, Puma SE (Germany), Fila Holdings Corp (South Korea), Umbro Ltd (U.K.), Columbia Sportswear Company (U.S.), Adidas AG (Germany), Nike, Inc. (U.S.), Under Armour, Inc. (U.S.), Anta Sports Products Limited (U.S.), Lululemon Athletica Inc. (Canada), and Li Ning Company Limited (China) these market players provide a level-playing competitive landscape.

In February 2023, Nike, Inc. launched the Vaporfly 3 strolling shoes, which assist athletes to run simply because they're light-weight. The launch could assist the corporation in growing its product line and sales.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.72% from 2023 to 2030

Unit Value (USD Billion)

By Product Type

Footwear

Apparel

Wearables

By End-User

Men

Women

Children

By Distribution Channel

E-commerce Stores

Retail Stores

Segmentation North America (By Product Type, End-user, Distribution Channel, and Country)

U.S. (By Product Type)

Canada (By Product Type)

Mexico (By Product Type)

Europe (By Product Type, End-user, Distribution Channel, and Country)

Germany (By Product Type)

France (By Product Type)

Italy (By Product Type)

U.K. (By Product Type)

Russia (By Product Type)

Rest of Europe (By Product Type)

Asia Pacific (By Product Type, End-user, Distribution Channel, and Country)

China (By Product Type)

India (By Product Type)

Japan (By Product Type)

South Korea (By Product Type)

Rest of Asia Pacific (By Product Type)

South America (By Product Type, End-user, Distribution Channel, and Country)

Brazil (By Product Type)

Argentina (By Product Type)

Rest of South America (By Product Type)

Middle East and Africa (By Product Type, End-user, Distribution Channel, and Country)

South Africa (By Product Type)

UAE (By Product Type)

Rest of Middle East and Africa (By Product Type)


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