Sportswear Market Size, Industry Analysis Report By Product Type (Shoes, Clothes), By Distribution Channel (Online, Offline), By End User (Men, Women, Kids) & Region – Forecasts By 2023 - 2030
- PUBLISHED ON
- 2024-06-12
- NO OF PAGES
- 278
- CATEGORY
- Retails & Consumer
It is estimated for the global sportswear market to witness growth at a CAGR of 11.2% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 9.6% during the previous forecast period of 2018 to 2021. Sportswear or activewear is clothing, including footwear, worn for sport or physical exercise. Sport-specific clothing is worn for most sports and physical exercise, for practical, comfort or safety reasons. Typical sport-specific garments include tracksuits, shorts, T-shirts and polo shirts.
Sportswear Market- Growth Factors
Growth in the sporting events all across the globe is the major factor that is driving the growth of the market during the forecast period. The increasing popularity of the sports like cricket, soccer, hockey and so on are building immense passion among the audience and thus these sports are driving the viewers to take up sports as a hobby or even profession at times and this factor is boosting the growth of the market during the forecast period. The urge among the people to remain fit is also a factor for them to opt for sporting activities and purchasing of sportswear and this factor is estimated to foster the growth of the market during the forecast period. The increasing awareness of the health benefits associated with sports is also estimated to the adoption of sports at school and college levels and this factor is estimated to drive the growth of the market during the forecast period.
Sportswear Market- Market Trends
• Growth in the sporting events all across the globe is the major factor that is driving the growth of the market during the forecast period.
• The increasing popularity of the sports like cricket, soccer, hockey and so on are building immense passion among the audience and thus these sports are driving the viewers to take up sports as a hobby or even profession at times and this factor is boosting the growth of the market during the forecast period.
• The increasing awareness of the health benefits associated with sports is also estimated to the adoption of sports at school and college levels and this factor is estimated to drive the growth of the market during the forecast period.
Sportswear Market – Segmentation
The global sportswear market is segmented based on product type, distribution channel and end user.
Based on product type, the market is segmented into,
• Shoes
• Clothes
Based on distribution channel type, the market is segmented into,
• Online
• Offline
Based on end user type, the market is segmented into,
• Men
• Women
• Kids
Sportswear Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Sportswear Market – Key Market players
Nike; Inc.; Adidas AG; LI-NING Company Ltd; Umbro Ltd.; Puma SE; Inc.; Fila; Inc.; Lululemon Athletica Inc.; Under Armour; Columbia Sportswear Company; Anta Sports Products Ltd.; Inc are the major players that are driving the growth of the market during the forecast period.
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