Global Sports Apparel Market (by Product Type, End User, Distribution Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)

Global Sports Apparel Market (by Product Type, End User, Distribution Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)


Market Insight:

Sports apparel has gained in popularity in recent years. With notable athletes supporting and wearing top brands, sports apparel can be found almost anyplace. Wearing sports labels as a fashion statement has recently become 'trendy’. There is also a significant movement towards retail and online shopping. The pandemic has increased consumers' proclivity to purchase athletic items online, and this trend is here to stay.

Furthermore, there has been a rise in the number of individuals interested in health and fitness in recent years, as well as a rise in the number of people going to gyms, where young consumers desire to not only be fit but also look good. This factor has increased and continues to boost the demand for sports apparel, across the world. The global sports apparel market is likely to reach US$208.47 billion in 2023, growing at a CAGR of 6.10% during the forecast period.

Segment Covered:
  • By Product: On the basis of product, the report identifies four segments of the global sports apparel market: pants & tights, tops & t-shirts, surf & swimwear, and sweaters & hoodies. The pants & tights segment held the largest share in global sports apparel market, owing to convenience and comfort of using sports pants & tights.
  • By End User: The market report provides the bifurcation of the global sports apparel market into three segments in terms of end user: men, women, and children. Men segment held the maximum share in sports apparel market, owing to increasing number of men involved in various outdoor activities. Women segment is expected to grow at a significant CAGR during the forecasted period, driven by the rising number of sports designed specifically for women.
  • By Distribution Channel: The report further offers the categorization based on the distribution channel of the sports apparel: brand outlets, e-commerce, supermarkets/hypermarkets, and discount stores. The e-commerce segment is the fastest growing segment during the forecasted period, as e-commerce helped sports apparel and sports companies to contact new customers and manage their product catalogues more effectively. Nike and adidas have been working to significantly increase both retail and e-commerce as a percent of total sales in recent years by limiting their wholesale exposure to only key strategic partners and investing heavily in their digital capabilities.
Geographic Coverage:

According to this report, the global market can be divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The countries covered in North America region are the US, Canada, and Mexico, while Europe includes Germany, UK, France, and Rest of Europe. Moreover, China, Japan, India, and Rest of Asia Pacific are included in the Asia Pacific region.

North America enjoyed the major share of the global market share, primarily owing to the increasing urban population, rising participation in different physical activities like cycling, hiking, yoga, gym, etc. Asia Pacific sports apparel industry is expected to grow at significant rate due to presence of larger number of young population, and brands carrying out localized promotion strategy to shift consumers from unbranded to branded products. Within Asia Pacific, China has been one of the fastest growing markets in the sports apparel industry.

Top Impacting Factors:

Growth Drivers
  • Increase in Gen Z Income
  • Growing Penetration of E-Commerce
  • Increasing Health Consciousness Among People
  • Growing Popularity of Athleisure
Challenges
  • Competition from Counterfeit Stores
  • Degree of Competition
Trends
  • Rise in Usage of Blockchain Solutions
  • Artificial Intelligence (AI) in Designing Apparels
  • Celebrity Brand Ambassadors for Sports Apparel
  • Technology for Personalization and Smart Clothing
  • Driver: Increase in Gen Z Income
Globally, Generation Z, also known as centennials, has become increasingly fashion conscious with an impulse of being trendy. Hence, this demographic is the major growth driver of global apparel industry. The Generation Z tend to segregate the demand for apparel as per the usage and need; they do not have the tendency to follow ‘one-for-all’ fundamental in apparels. The Generation Z is known for their impulse to invest into something trendy, conducive, comfortable, and easy to carry. This notion drives their demand towards sports apparel more for fashion purpose than performance. Gen Z is the major target of apparel industry, particularly for sportswear as this demographic is highly indulged in some or the other form of physical activity because of health consciousness. Thus, rising income of Gen Z supported the demand for sports apparel.
  • Challenge: Competition from Counterfeit Stores
As the technological capabilities in textile production countries is increasing (like Thailand, Turkey, Taiwan, etc.), so does the quality of counterfeit products. Commercial brands facing a tough fight from counterfeit stores, especially in developing regions as the markets there are price sensitive. Even though brands like Nike, Puma, and Adidas have a global appeal but as they can’t reach every nook and corner of a region; in that case, the counterfeit stores can easily emerge as a winner, without having to pay any royalty fees to the brand. Beauty of selling a counterfeit product manufactures and sellers doesn’t have to bear any royalty fees or franchise fees (which ranges from US$25,000 to US$50,000). So, in a nutshell commercial brands are facing tough a competition from counterfeit products, as they not only losing the market share in developing and emerging economies but also loosing much earned franchise fees as well. Thus, it can be said that counterfeit stores are posing as a threat to the market.
  • Trend: Celebrity Brand Ambassadors for Sports Apparel
The sports apparel industry is spending an enormous amount on advertising, promotion and celebrity brand ambassadors which rapidly influencing the consumers to engage in sports and fitness activities. Furthermore, the collaboration of sport personality with sports apparel company is persuading the customers to purchase sports apparel. Creative and innovative marketing and business strategies are predicted to accelerate sports apparel market growth.

The COVID-19 Analysis:

The global sports apparel market was impacted in many ways by the COVID-19 pandemic. As a result of the pandemic, the market saw supply chain disruption, a significant fall in orders from European and Northern American consumers, material shortages, companies faced by low cash flow, and other factors that had a significant negative influence on the overall market. However, several positive developments in consumer behavior toward the business, such as Athleisure, community-based exercise and physical activity, sustainability, social media influencers as marketing assets, and localization, have had and are expected to have a greater impact on the market in the post COVID era.

Analysis of Key Players:

Global sports apparel market is fragmented with the presence of many players. Some of the prominent players are Nike, VF Corporation, Adidas, and many more. The growing demand for sports apparel has led to the development of innovative product at an affordable price. Players operating in the industry actively implement product development and corporate strategies to maintain their competitive positioning in the market. Further, the companies entering sports apparel market are focusing on developing high quality product at an affordable price. Further, key players of the sports apparel market are:
  • NIKE, Inc.,
  • Adidas AG,
  • PUMA SE,
  • Under Armour, Inc.,
  • ASICS Corporation,
  • Lululemon Athletica Inc.,
  • Fila Holdings Corp. and Subsidiaries,
  • New Balance Athletics Inc.,
  • Columbia Sportswear Company,
  • Li Ning Company Ltd.,
  • Umbro
  • VF Corporation, and
  • Yonex Co., Ltd.
With the M&A market in the sports apparel market heating up, there are a few crucial factors that make a deal worthwhile. Recently, segments such as activewear and athleisure have been identified as a fast-growing segment within sports apparel, which is a good sign for a larger company trying to diversify their portfolio. For example, Levi Strauss & Co. announced the acquisition of Beyond Yoga, a lifestyle apparel company. Meanwhile, while Adidas divests the US brand from its portfolio. Reebok was absorbed by Authentic Brands Group, an American holding company whose wide portfolio of over 50 brands also includes Aéropostale, Nautica, and Volcom. Adidas announced in August 2021 that it would sell Reebok to ABG for US$2.5 billion; the acquisition was finalized on March 01, 2022. In addition, Lululemon's acquisition of Mirror provided the company with a digital offering to augment its core fitness-apparel division. Through studios and community-based workshops, Lululemon has also experimented with nutrition, mindfulness, and exercise offerings in stores. These moves appear to be consistent with the company's brand messaging.


1. Executive Summary
2. Introduction
2.1 Sports Apparel: An Overview
2.1.1 Definition of Sports Apparel
2.1.2 Benefits of Sports Apparel
Table 1: Benefits of Sports Apparel
2.2 Sports Apparel Segmentation: An Overview
2.2.1 Sports Apparel Segmentation
Table 2: Sports Apparel Segmentation
3. Global Market Analysis
3.1 Global Sports Apparel Market: An Analysis
3.1.1 Global Sports Apparel Market by Value
Table 3: Global Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 4: Global Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.1.2 Global Sports Apparel Market by Product Type (pants & tights, tops & t-shirts, surf & swimwear, and sweaters & hoodies)
Table 5: Global Sports Apparel Market by Product Type; 2021 (Percentage, %)
3.1.3 Global Sports Apparel Market by End User (men, women, and children)
Table 6: Global Sports Apparel Market by End User; 2021 (Percentage, %)
3.1.4 Global Sports Apparel Market by Distribution Channel (brand outlets, e-commerce, supermarkets/hypermarkets, and discount stores)
Table 7: Global Sports Apparel Market by Distribution Channel; 2021 (Percentage, %)
3.1.5 Global Sports Apparel Market by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa)
Table 8: Global Sports Apparel Market by Region; 2021 (Percentage, %)
3.2 Global Sports Apparel Market: Product Type Analysis
3.2.1 Global Pants & Tights Sports Apparel Market by Value
Table 9: Global Pants & Tights Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 10: Global Pants & Tights Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.2.2 Global Tops & T-shirts Sports Apparel Market by Value
Table 11: Global Tops & T-shirts Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 12: Global Tops & T-shirts Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.2.3 Global Surf & Swimwear Sports Apparel Market by Value
Table 13: Global Surf & Swimwear Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 14: Global Surf & Swimwear Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.2.4 Global Sweaters & Hoodies Sports Apparel Market by Value
Table 15: Global Sweaters & Hoodies Surf & Swimwear Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 16: Global Sweaters & Hoodies Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.3 Global Sports Apparel Market: End User Analysis
3.3.1 Global Men Sports Apparel Market by Value
Table 17: Global Men Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 18: Global Men Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.3.2 Global Women Sports Apparel Market by Value
Table 19: Global Women Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 20: Global Women Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.3.3 Global Children Sports Apparel Market by Value
Table 21: Global Children Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 22: Global Children Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.4 Global Sports Apparel Market: Distribution Channel Analysis
3.4.1 Global Brand Outlet Sports Apparel Market by Value
Table 23: Global Brand Outlet Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 24: Global Brand Outlet Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.4.2 Global E-commerce Sports Apparel Market by Value
Table 25: Global E-commerce Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 26: Global E-commerce Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.4.3 Global Supermarkets/Hypermarkets Sports Apparel Market by Value
Table 27: Global Supermarkets/Hypermarkets Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 28: Global Supermarkets/Hypermarkets Sports Apparel Market by Value; 2022-2026 (US$ Billion)
3.4.4 Global Discount Stores Sports Apparel Market by Value
Table 29: Global Discount Stores Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 30: Global Discount Stores Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4. Regional Market Analysis
4.1 North America Sports Apparel Market: An Analysis
4.1.1 North America Sports Apparel Market by Value
Table 31: North America Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 32: North America Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.1.2 North America Sports Apparel Market by Region (The US, Canada, and Mexico)
Table 33: North America Sports Apparel Market by Region; 2021 (Percentage, %)
4.1.3 The US Sports Apparel Market by Value
Table 34: The US Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 35: The US Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2.4 The US Sports Apparel Market by End User (women, men, and children)
Table 36: The US Sports Apparel Market by End User; 2021 (Percentage, %)
4.1.5 The US Women Sports Apparel Market by Value
Table 37: The US Women Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 38: The US Women Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.1.6 The US Men Sports Apparel Market by Value
Table 39: The US Men Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 40: The US Men Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.1.7 The US Children Sports Apparel Market by Value
Table 41: The US Children Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 42: The US Children Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.1.8 Canada Sports Apparel Market by Value
Table 43: Canada Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 44: Canada Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.1.9 Mexico Sports Apparel Market by Value
Table 45: Mexico Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 46: Mexico Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2 Europe Sports Apparel Market: An Analysis
4.2.1 Europe Sports Apparel Market by Value
Table 47: Europe Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 48: Europe Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2.2 Europe Sports Apparel Market by Region (Germany, UK, France, and Rest of Europe)
Table 49: Europe Sports Apparel Market by Region; 2021 (Percentage, %)
4.2.3 Germany Sports Apparel Market by Value
Table 50: Germany Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 51: Germany Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2.4 UK Sports Apparel Market by Value
Table 52: UK Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 53: UK Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2.5 France Sports Apparel Market by Value
Table 54: France Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 55: France Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.2.6 Rest of Europe Sports Apparel Market by Value
Table 56: Rest of Europe Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 57: Rest of Europe Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3 Asia Pacific Sports Apparel Market: An Analysis
4.3.1 Asia Pacific Sports Apparel Market by Value
Table 58: Asia Pacific Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 59: Asia Pacific Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.2 Asia Pacific Sports Apparel Market by Region (China, Japan, India, and Rest of Asia Pacific)
Table 60: Asia Pacific Sports Apparel Market by Region; 2021 (Percentage, %)
4.3.3 China Sports Apparel Market by Value
Table 61: China Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 62: China Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.4 Japan Sports Apparel Market by Value
Table 63: Japan Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 64: Japan Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.5 India Sports Apparel Market by Value
Table 65: India Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 66: India Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.6 India Sports Apparel Market by End User (men, women, and children)
Table 67: India Sports Apparel Market by End User; 2021 (Percentage, %)
4.3.7 India Men Sports Apparel Market by Value
Table 68: India Men Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 69: India Men Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.8 India Women Sports Apparel Market by Value
Table 70: India Women Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 71: India Women Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.9 India Children Sports Apparel Market by Value
Table 72: India Children Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 73: India Children Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.3.10 Rest of Asia Pacific Sports Apparel Market by Value
Table 74: Rest of Asia Pacific Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 75: Rest of Asia Pacific Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.4 Latin America Sports Apparel Market: An Analysis
4.4.1 Latin America Sports Apparel Market by Value
Table 76: Latin America Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 77: Latin America Sports Apparel Market by Value; 2022-2026 (US$ Billion)
4.5 Middle East & Africa Sports Apparel Market: An Analysis
4.5.1 Middle East & Africa Sports Apparel Market by Value
Table 78: Middle East & Africa Sports Apparel Market by Value; 2017-2021 (US$ Billion)
Table 79: Middle East & Africa Sports Apparel Market by Value; 2022-2026 (US$ Billion)
5. Impact of COVID-19
5.1 Impact of COVID-19 on Global Sport Goods Industry
5.2 Impact of COVID-19 on Sports Apparel
Table 80: Global Sportswear Market; 2019-2020 (US$ Billion)
5.2.1 Impact of COVID-19 on Major Players
Table 81: Sales Growth of Sports Apparel Major Players; Q2 2020 – Q1 2021 (Percentage, %)
5.3 Post-COVID Scenario of Sports Apparel Market
5.3.1 Major Sporting Events with Status and New Timeline
Table 82: Major Sporting Events with Status and New Timeline
5.3.2 The Post-COVID World of Sports Apparel Industry
Table 83: Post-COVID Trends in Sports Apparel Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increase in Gen Z Income
Table 84: Asia, Europe and North America Gen Z Income; 2015-2025 (US$ Trillion)
6.1.2 Increasing Influence of social media
Table 85: Global Number of Social Media Users; 2017-2025 (Billion)
6.1.3 Growing Penetration of E-Commerce
Table 86: Global E-commerce Sales; 2020-2025 (US$ Trillion)
6.1.4 Rapid Urbanization
Table 87: Global Urban Population; 2015, 2020, & 2025 (Million)
6.1.5 Increasing Health Consciousness Among People
6.1.6 Growing Popularity of Athleisure
6.2 Challenges
6.2.1 Competition from Counterfeit Stores
6.2.2 Degree of Competition
6.3 Market Trends
6.3.1 Rise in Usage of Blockchain Solutions
Table 88: Global Spending on Blockchain Solutions; 2017-2024 (US$ Billion)
6.3.2 Artificial Intelligence (AI) in Designing Apparels
Table 89: Global Revenue of Artificial Intelligence Market Revenue; 2018-2025 (US$ Billion)
6.3.3 Sustainability
Table 90: Number of Sustainable SKU (Stock Keeping Unit) in Sporting Goods Industry; June 2017-June 2020
6.3.4 Growing Demand for Fashionable Sports Apparel
6.3.5 Surging Women Participation
6.3.6 Celebrity Brand Ambassadors for Sports Apparel
6.3.7 Blurring the line between Fashion and Yoga Apparel
6.3.8 Technology for Personalization and Smart Clothing
6.3.9 More Size Inclusivity
7. Competitive Landscape
7.1 Global Sports Apparel Players by Market Share
Table 91: Global Sports Apparel Players by Market Share; 2021 (Percentage, %)
7.2 North America Sports Apparel Players by Market Share
Table 92: North America Sports Apparel Players by Market Share; 2021 (Percentage, %)
7.3 The US Sports Apparel Market Players by Store Count
Table 93: The US Sports Apparel Market Players by Store Count; May 2021
8. Company Profiles
8.1 PUMA SE
8.1.1 Business Overview
8.1.2 Operating Segment
Table 94: Puma SE External Sales by Segments; 2021 (Percentage, %)
8.1.3 Operating Product
Table 95: PUMA SE External Sales by Product; 2021 (Percentage, %)8.1.4 Business Strategy
8.2 NIKE, Inc.
8.2.1 Business Overview
8.2.1 Operating Segment
Table 96: Nike, Inc. Revenue by Segment; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Adidas AG
8.3.1 Business Overview
8.3.2 Operating Segment
Table 97: Adidas AG Net Sales by Segment; 2021 (Percentage, %)
8.3.3 Business Strategy
8.4 Under Armour, Inc.
8.4.1 Business Overview
8.4.2 Operating Segment
Table 98: Under Armour, Inc. Net Revenues by Segment; 2021 (Percentage, %)
8.4.3 Business Strategy
8.5 Lululemon Athletica Inc.
8.5.1 Business Overview
8.5.2 Operating Segment
Table 99: Lululemon Athletica Inc. Net Revenue by Segment; 2021 (Percentage, %)
8.5.3 Business Strategy
8.6 Columbia Sportswear Company
8.6.1 Business Overview
8.6.2 Operating Segment
Table 100: Columbia Sportswear Company Net Sales by Segment; 2021 (Percentage, %)
8.6.3 Business Strategy
8.7 Li Ning Company Ltd.
8.7.1 Business Overview
8.7.2 Revenue by Product Category
Table 101: Li Ning Company Ltd. Revenue by Product Category; 2021 (Percentage, %)
8.7.3 Business Strategy
8.8 FILA Holding Corporation
8.8.1 Business Overview
8.8.2 Operating Segment
Table 102: FILA Holding Corporation Revenue by Segment; 2021 (Percentage, %)
8.8.3 Business Strategy
8.9 ASICS Corporation
8.9.1 Business Overview
8.9.2 Financial Overview
Table 103: ASICS Corporation Net Sales by Segment; 2021 (Percentage, %)
8.9.3 Business Strategy
8.10 VF Corporation
8.10.1 Business Overview
8.10.2 Operating Segment
Table 104: VF Corporation Revenue by Segment; 2022 (Percentage, %)
8.10.3 Business Strategy
8.11 Yonex Co., Ltd.
8.11.1 Business Overview
8.11.2 Operating Segment
Table 105: Yonex Co. Ltd. Net Sales by Segment; 2021 (Percentage, %)
8.11.3 Business Strategy
8.12 New Balance Athletics Inc.
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 Umbro
8.13.1 Business Overview
8.13.2 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings