Global Sportswear (Apparel and Footwear) Market Growth 2024-2030

Global Sportswear (Apparel and Footwear) Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Sportswear (Apparel and Footwear) market size was valued at US$ 94140 million in 2023. With growing demand in downstream market, the Sportswear (Apparel and Footwear) is forecast to a readjusted size of US$ 119150 million by 2030 with a CAGR of 3.4% during review period.

The research report highlights the growth potential of the global Sportswear (Apparel and Footwear) market. Sportswear (Apparel and Footwear) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Sportswear (Apparel and Footwear). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Sportswear (Apparel and Footwear) market.

Sportswear is dedicated to the competition of sports clothing. It is usually designed according to the specific requirements of sports. And sportswear also includes those clothes which are engaged in outdoor sports activities. In this report, it refers to the apparel of sportswear, footwear is not included.

Market competition is intense. Key players of global Sportswear include Nike, Adidas, UNDER ARMOUR, Puma, Columbia, etc. The top two are Nike and Adidas, with about 25% market shares.

China region is the largest supplier of Sportswear, with a production

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