The global sports apparel market is estimated to expand at a robust CAGR during the forecast period, between 2021 and 2028. Sports apparel, often known as fitness wear, is the clothes worn while participating in fitness activities such as aerobics, weight training, swimming, jogging, and yoga. They are made to give agility and comfort while doing physical motions. Sports clothing is constructed of breathable material, which helps sweat to escape faster, allowing the person wearing it to stay fresh for long time. Polyester, microfiber, spandex, and calico are some of the most frequent materials utilized in the manufacture of these garments. Initially, sports gear was largely worn by athletes, but it has since become popular with other non-athletes and regular gym-goers.
The report on the sports apparel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Sports Apparel Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Pants & Tights, Surf & Swimwear, Sweaters & Hoodies, and Tops & T-shirts), Distribution Channels (Brand Outlets, Discount Stores, E-commerce, and Supermarket/Hypermarket), End-users (Men, Women, and Children) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Adidas AG; New Balance; Under Armour, Inc; FILA Inc.; Columbia Sportswear Company; Ralph Lauren Corporation; Nike, Inc.; PUMA SE; Lululemon Athletica Inc.; and Umbro |
Based on products, the sports apparel market can be segmented into pants & tights, surf & swimwear, sweaters & hoodies, and tops & t-shirts. The tops & t-shirts segment is projected to hold significant market share. The number of Gen Z people and millennial coming to the gym has expanded enormously, which is contributing to increasing sales of t-shirts and tops. Furthermore, the manufacture of high-quality fabrics to boost performance is propelling the segment.
On the basis of distribution channels, the market can be fragmented into brand outlets, discount stores, e-commerce, and supermarket/hypermarket. The discount stores segment is anticipated to account for a substantial share, due to alternatives like trials before purchase and discounts, as well as the benefit of instant satisfaction. The e-commerce segment is projected to expand at a rapid pace during the forecast period, owing to increased usage of smartphones for online shopping and growing internet penetration, which allows consumers to compare products in real-time and make informed selections.
In terms of end-users, the sports apparel market can be segregated into men, women, and children. The men segment is estimated to hold major market share, due to increased male engagement in sports. The women segment expands at a robust pace in the coming years. The increased engagement of women in domestic and professional sports and fitness activities is estimated to drive the segment. The growing crossover between fashion and sports has resulted in an increasing presence of fashionable sports apparel, which is projected to increase women's interest.
In terms of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market, owing to highly evolved retail system and increased acceptance of sports apparel as a result of aggressive advertising and celebrity brand endorsement. Furthermore, increased consumer spending on fitness apparel as a fashion statement contributes to the appeal of sportswear in the region.
Key players in the sports apparel market include Adidas AG; New Balance; Under Armour, Inc; FILA Inc.; Columbia Sportswear Company; Ralph Lauren Corporation; Nike, Inc.; PUMA SE; Lululemon Athletica Inc.; and Umbro. These players are widely engaged in several business development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
Key players in the sports apparel market include Adidas AG; New Balance; Under Armour, Inc; FILA Inc.; Columbia Sportswear Company; Ralph Lauren Corporation; Nike, Inc.; PUMA SE; Lululemon Athletica Inc.; and Umbro. These players are widely engaged in several business development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
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