The size of the global market for Sportswear is expected to reach USD 121110 million by 2028, expanding at a compound annual growth rate (CAGR) of 3.3%.
The combination of sportswear and fashion is the current-day trend of the global sportswear market. The global sportswear market is growing with rising health awareness, product invention, and attraction of athlesiure. Sportswear comprises hoodies, T-shirts, tennis shirts, tracksuits, shoes, and polo shirts and others. This report covers the detailed study of sportswear market based on the application, manufacturers, type, and regions. It also covers the growing factors, segmentations, trends and opportunities.
Geographically, North America has valued for the leading sportswear market due to its development of gym culture and strong market dynamics. Similarly, North America has seen a substantial growth in increasing health clubs, which has offered the market with many new opportunities.
The sportswear market size 2017 was accounted USD119.12 billion and it is expected to reach USDxx.xx billion by end of the forecast period. With increasing innovative technologies in sportswear industries contributing largest share in global sportswear market.
The sportswear market is broadly classified on the basis of manufacturers, product, type, and regions. By application, this market is segmented into Amateur Sport and Professional Athletic. Among this athletic footwear contributing largest revenue in the global sportswear market and it is anticipated to boosts the sportswear market share in the forecast period. Based on regions, the sportswear market is characterized into: Europe (France, Russia, UK, Italy, and Germany), North America (Mexico, Canada, and USA), South America (Columbia, Brazil, and Argentina), Middle East and Africa (UAE, Saudi Arabia, Nigeria, South Africa, and Egypt), Asia-Pacific (Korea, India, Southeast Asia, and China).
Global sportswear market: Trends
- Innovative Technology
- Health Awareness
- Popularity of Athlesiure
- Rise number of Functional Clothing
- Combination of Fashion and Sportswear
Global sportswear market: Key Players
- Adidas
- Nike
- Puma
- UNDER ARMOUR
- ASICS
- Columbia
- THE NORTH FACE
- Patagonia
- Burton
- Marmot
- Montbell
- Volcom
- Obermeyer
Global sportswear market: Segmentation
By Manufacturers
- Auriga Polymers, Inc.
- DuPont
- Polyester Fibers, LLC
- Jiangsu Hengli Chemical Fibre
- Kayaylon Impex Pvt. Ltd
- Far Eastern Group
- Guangdong Kaiping Chunhui
By Type
- Under Clothing
- Hats
- Upper Garment
- Skirts
- Others
By Application
- Amateur Sport
- Professional Athletic
By Regions
- North America
- Canada
- USA
- Mexico
- Europe
- France
- Germany
- Russia
- UK
- Italy
- Asia-Pacific
- China
- Southeast Asia
- Japan
- Korea
- India
- Middle East and Africa
- UAE
- Saudi Arabia
- Nigeria
- Egypt
- South Africa
- South America
- Argentina
- Brazil
- Columbia
Global sportswear market: Drivers
- Popularity of Outdoor Recreation
- Rise in spending per capita
- Increasing yoga participants
- Rising Fitness Club Members
- Increasing Urban Population
- Growth of E-commerce
- Rise in Living Standards
- Increasing Youth Population
- Increasing GDP per Capita
Global sportswear market: Challenges
- Increasing Labor Cost
- Fake Product Availability at Large
- Negotiating Power of Buyers
Frequently Asked Questions (FAQ) :
The major players are Adidas, Nike, Puma, UNDER ARMOUR, ASICS, Columbia, THE NORTH FACE, Patagonia, Burton, Marmot, Montbell, Volcom, Obermeyer.
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The base year for the report is 2018 in sportswear market.