Sportswear Market Size, Share, Growth & Industry Report 2031

Sportswear Market Size, Share, Growth & Industry Report 2031

Segments - Sportswear Market by Product Type (Apparel, Footwear, and Wearables), End-user (Children, Men, and Women), Distribution Channel (Retail Stores and E-commerce Stores), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Debadatta Patel
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Fact-checked by : PARTHA PAUL
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Editor : Shruti Bhat

Upcoming | Report ID :CG-4099 | 4.4 Rating | 83 Reviews | 165 Pages | Format : PDF Excel PPT

Report Description


The global sportswear market size was valued at nearly USD 182.22 Billion in 2022 and is anticipated to reach USD 323.90 Billion by 2031, expanding at a CAGR of 6.6% during the forecast period,  2023–2031. Sportswear refers to a broad category of fashion-oriented, comfortable apparel that is loosely based on clothing designed for participation in sports.

Sportswear refers to shoes, clothing, and accessories that are specifically designed for athletic apparel use. To suit different sports, it offers benefits such as specified functions, good thermal qualities, sustainability, comfort, specific fabric weight, and many other properties.

Sportswear Market Outlook

Swimwear can be made of a variety of materials and many of these clothing items are mostly water-resistant. Some advanced features are fixed with the clothing to allow them to flex with the body, while others have thermal properties to keep the athlete's body warm in cold weather and cool in hot weather.

  • Improving products' ability to provide breathability and sweat-wicking as well as enhancements to physical activity are expected to boost the market growth.
  • Growing number of women participating in multiple sports sectors acts as a key driver of the market growth.
  • Consumers' growing health consciousness and growing need for comfortable yet fashionable clothes are propelling the market expansion.
  • Rapidly changing fashion trends, advancements in sportswear manufacturing technologies, as well as the increased global desire for premium sportswear are driving the market growth.
  • Rising number of counterfeit products in clothes, footwear, leather goods, and other categories along with the high prices of products are major challenges that can hamper the market growth.
  • Increasing usage of smart sportswear for improving workout routines as these clothing provide real-time feedback and monitor performance present immense opportunities for the market.

Scope of Sportswear Market Report

The report on the global sportswear 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

Sportswear Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Product Type (Apparel, Footwear, and Wearables), End-user (Children, Men, and Women), and Distribution Channel (Retail Stores and E-commerce Stores)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Adidas AG; Puma SE, Inc.; Nike, Inc.; Under Armour, Inc.; Lululemon Athletica Inc.; Anta Sports Products Limited; Columbia Sportswear Company; Fila Holdings Corp.; Umbro Ltd.; and Li Ning Company Limited

Sportswear Market Segment Insights

Type Segment Analysis

Based on product type, the sportswear industry is segregated into apparel, footwear, and wearables. The apparel segment is projected to hold a significant market share, owing to the high demand for products for a variety of sports such as basketball, football, tennis, and others.

Similarly, the growing popularity of using athletic apparel as fitness wear contributes to the rising consumption rate. The number of Gen Z and millennials going to the gym has increased dramatically, which is helping to boost sales of gym apparel like t-shirts and tops.

In addition, the production of high-quality materials to improve performance is moving the segment forward. Increased sports activities worldwide as well as growing knowledge for various fitness programs are driving the segment growth.
Technological improvements such as fast-drying fabrics and t-shirts that can measure heart rate presents another key driver of the segment.

End-user Segment Analysis

On the basis of end-user, the market is segmented into children, men, and women. The men segment is anticipated to account for a substantial share of the market, due to increased male engagement in sports. A huge percentage of men normally participate in outdoor activities such as rock climbing, cycling, trekking, and other similar hobbies.

On the other hand, the women segment is expected to expand at a robust pace in the near future. The increased engagement of women in domestic professional sports and their growing concerns for fitness activities are key factors further driving the segment's growth.

The growing crossover between fashion and sports has resulted in an increase in the presence of fashionable athletic apparel, which is projected to further increase women's interest for sportswear.

Sportswear Market End Users

Distribution Channel Segment

In terms of distribution channels, the sportswear market is bifurcated into retail stores and e-commerce stores. The retail stores segment is anticipated to register a substantial growth rate during the forecast period, owing to the growing number of popular athletic companies around the world.

Moreover, the number of retail stores is expanding due to the presence of a huge number of consumers who want to prevent shipping delays, mismatches, and hassles with returns and replacements.

Retail stores offer a diverse range of products and brands to expand consumers’ choices. Furthermore, such stores provide support from sales executives, which contributes to the segment's growth.

Regional Analysis

In terms of region, the sportswear market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market, due to the presence of important industry actors such as Adidas and Nike, which have a large share of the North American sports apparel market in terms of sales.

The popularity of sports such as soccer and basketball as well as the increased health consciousness of a large number of the regional population present another key factor driving the market expansion. Moreover, improved living conditions and cheap manufacturing costs are driving regional market growth.

Sportswear Market Regions

Segments

Product Type

  • Apparel
  • Footwear
  • Wearables

End-user

  • Children
  • Men
  • Women

Distribution Channel

  • Retail Stores
  • E-commerce Stores

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Adidas AG
  • Puma SE, Inc.
  • Nike, Inc.
  • Under Armour, Inc.
  • Lululemon Athletica Inc.
  • Anta Sports Products Limited
  • Columbia Sportswear Company
  • Fila Holdings Corp.
  • Umbro Ltd.
  • Li Ning Company Limited

Competitive Landscape

Key players in the global sportswear market are Adidas AG; Puma SE, Inc.; Nike, Inc.; Under Armour, Inc.; Lululemon Athletica Inc.; Anta Sports Products Limited; Columbia Sportswear Company; Fila Holdings Corp.; Umbro Ltd.; and Li Ning Company Limited. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Sportswear Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sportswear Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sportswear Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sportswear Market - Supply Chain
  4.5. Global Sportswear Market Forecast
     4.5.1. Sportswear Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sportswear Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sportswear Market Absolute $ Opportunity
5. Global Sportswear Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Sportswear Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Sportswear Demand Share Forecast, 2019-2026
6. North America Sportswear Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Sportswear Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Sportswear Demand Share Forecast, 2019-2026
7. Latin America Sportswear Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Sportswear Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Sportswear Demand Share Forecast, 2019-2026
8. Europe Sportswear Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Sportswear Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Sportswear Demand Share Forecast, 2019-2026
9. Asia Pacific Sportswear Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Sportswear Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Sportswear Demand Share Forecast, 2019-2026
10. Middle East & Africa Sportswear Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Sportswear Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Sportswear Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Sportswear Market: Market Share Analysis
  11.2. Sportswear Distributors and Customers
  11.3. Sportswear Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Adidas AG
     11.4.2. Puma SE, Inc.
     11.4.3. Nike, Inc.
     11.4.4. Under Armour, Inc.
     11.4.5. Lululemon Athletica Inc.
     11.4.6. Anta Sports Products Limited

Methodology

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