Global Sports Bra Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sports Bra Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Sports Bra industry can be broken down into several segments, Light Support, Medium Support and High Support.

Across the world, the major players cover Lululemon Athletica, Under Armour, Nike, Adidas, etc.
A sports bra is a bra that provides support to female breasts during physical exercise. Sturdier than typical bras, they minimize breast movement, alleviate discomfort, and reduce potential damage to chest ligaments. Many women wear sports bras to reduce pain, and physical discomfort caused by breast movement during exercise. Some sports bras are designed to be worn as outerwear during exercise such as jogging.

Market Overview:

The latest research study on the global Sports Bra market finds that the global Sports Bra market reached a value of USD 10598.77 million in 2022. It’s expected that the market will achieve USD 19900.2 million by 2028, exhibiting a CAGR of 11.07% during the forecast period.

Key Opportunities

With the number of women participating in sports activities in developing countries continues to increase, the demand for sports bras is increasing. For example, in China, in recent years, vigorous promotion of national sports and fitness has been included in the national strategic level, and is committed to promoting the healthy development of the domestic sports industry. In October 2014, the State Council issued Several Opinions on Accelerating the Development of the Sports Industry and Promoting Sports Consumption, which opened the curtain to promote the rapid and deep development of the sports industry and was regarded as a landmark document of the domestic sports industry. Since then, a series of guiding documents aimed at strengthening the awareness of national fitness have been released. For example, at the end of 2017, the General Administration of Sports issued the National Fitness Guide, which explained in detail the fitness movements, parts and functions.
With the popularization and strengthening of sports and fitness awareness and the improvement of sports supporting facilities, Chinese consumers' participation in sports has increased significantly, and the demand for sports bras has also grown significantly. It is expected that China will still have a large market opportunity in the next few years.

Market Risks

The market is challenged by the large supply of cheap products made from cheap raw materials. Moreover, the size range adopted by different participants differs in terms of measurement. This can cause consumers to sometimes buy the wrong size product. In addition, acceptable quality level inspection steps have not yet been rigorously performed in the manufacturing department, leading to assembly problems for the final product. These factors may hinder the global sports bra market in the near future.

Region Overview:

North America is projected to account for a considerable share of the Sports Bra market and is expected to become the largest region by 2028.

Company Overview:

Lululemon Athletica is one of the major players operating in the Sports Bra market, holding a share of 5.23% in 2023.

Lululemon Athletica

lululemon athletica inc. designs and retails athletic clothing products. The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness. lululemon serves customers worldwide.

Under Armour

Under Armour, Inc. develops, markets, and distributes branded performance products for men, women, and youth. The Company designs and sells a broad offering of apparel and accessories made of synthetic microfibers.

Segmentation Overview:

By type, Medium Support segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Specialty Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sports Bra market covered in Chapter 3:

Columbia Sportswear
Brooks Sports
Anta
Lorna Jane
Asics
Nike
Adidas
VF
Triumph International
HanesBrands
L Brands
Gap
Under Armour
Fast Retailing
Anita
New Balance
Lululemon Athletica
Lining
Wacoal
Puma
Decathlon

In Chapter 4 and Chapter 14.2, on the basis of types, the Sports Bra market from 2018 to 2029 is primarily split into:

Light Support
Medium Support
High Support

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sports Bra market from 2018 to 2029 covers:

Specialty Stores
Supermarket
E-commerce
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)