Sports Apparel Market Size is anticipated to grow at a CAGR of 9.8% during the forecast period


Posted June 21, 2023 by Niraj1

At a CAGR of 9.8% over the forecast period, it is predicted that the global sports apparel market will grow from USD 3,04,050 million in 2021 to USD 6,92,420 million in 2030.
 
At a CAGR of 9.8% over the forecast period, it is predicted that the global sports apparel market will grow from USD 3,04,050 million in 2021 to USD 6,92,420 million in 2030.
Sports clothing is clothing that is mostly worn while exercising or participating in sports. They are made to be agile and comfortable when performing physical movements. These clothes are composed of breathable fabric, which dries perspiration more quickly and keeps the wearer feeling cool for longer. Sportswear is made from materials that keep athletes comfortable as they play. The kind of material needed will depend on how strenuous the sport is. For smooth movement, yoga gear, for instance, should employ fabrics with remarkable stretch capacity, which will likely need the material being of a knitted structure.

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Growth Drivers:
Customers are being encouraged to incorporate sports and fitness activities into their daily routines by the increased popularity of sports players on social media, as well as their own health and self-consciousness, as well as their desire to live an active lifestyle and appear fit. Sports clothing is in higher demand as a result of this increased engagement. The market for sports gear has also grown as a result of aggressive advertising and celebrity endorsements. The demand from clients who are willing to pay for such qualities has been spurred by the availability of sports apparel with increasing attributes including moisture management, temperature regulation, and other features that prevent discomfort and potential damage.
Growing interest among women in fitness and different sports, such as basketball, football, and athletics, has propelled the market for athletic apparel. Women made up 41% of the athletes competing in the 2018 Winter Olympic Games in Pyeongchang, South Korea, according to Olympics.org. Players in the market are also using partnerships and collaborations with athletes, particularly female athletes, to increase demand for women's sportswear.
Global Sports Apparel Market Segmentation:
By Product:
• Tops & T-shirts
• Pants & Tights
• Surf & Swimwear
• Sweater and Hoodies
• Others
By Distribution Channel:
• Supermarkets and Hypermarkets
• Brand Outlets
• Discount Stores
• E-commerce
By End-User:
• Men
• Women
• Children
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Companies in Global Sports Apparel Market:
The research report offers a competitive analysis of prominent companies operating in the global sports apparel market. Some of the leading players profiled in the market research report include:
• Nike Inc.
• Adidas AG
• Under Armour, Inc.
• Puma SE
• Fila Inc
• New Balance
• LiNing
• ASICS
• Ralph Lauren Corporation
• Umbro Ltd
• Other Players

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Categories Business , Consumer , Sports
Tags sports apparel market , sports apparel market size , sports apparel market share , sports apparel market news
Last Updated June 21, 2023