The global sports apparel market revenue was around US$ 230.6 billion in 2022 and is estimated to reach US$ 389.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 6% during the forecast period from 2023 to 2031.
Sports apparel is defined as specialized clothes and accessories designed for different kinds of physical activity and sports. It is specially designed to improve performance and give comfort to fitness enthusiasts and athletes. It encompasses a broad range of garments such as shorts, jerseys, t-shirts, shoes, leggings, hats, and socks. These garments are often made from breathable, lightweight, and moisture-wicking materials that assist in controlling body temperature and keep athletes dry during extreme physical work.
Market Driving Factors
Sports apparel can aid in protecting from the environment. During outdoor activity in the hot summer need breathable fabrics and loose clothes. It will assist in keeping the body cool due to this the body doesn't overheat. In the cold winter, put a layer of clothes on the person's body to keep out the cold. However, it is also utilized as an exterior layer because it provides ventilation so that body temperature can be easily adjusted due to these elements surge the demand for sports apparel which is estimated to boost the market expansion.
Increasing popularity among consumers for performance-improving sports apparel. The comfort of sports apparel with enhanced properties such as moisture management, temperature control, and other performance-boosting features that control potential damage and discomfort which has caught the consumer's interest who have been observed to be eager to pay more for such other aids. In addition, increasing the massive number of participants in numerous sports activities creates opportunities in the market.
High prices and low awareness hamper the market growth.
Regional Analysis
Asia-Pacific dominated the market and is expected to continue over the forecast period. This can be attributed to the growth in the buying power of consumers and the surge in the middle-class population. Furthermore, an increase in marketing initiatives such as celebrity endorsements and heavy marketing campaigns creates a positive impact on the market. In addition, key players should provide quality products to consumers at reasonable costs to extend their customer base and gain a substantial footprint in the market. Therefore, they need to establish retail stores to extend their outreach and raise market share.
North America is expected to dominate the market in terms of the highest rate. This is because the consumer base for sports apparel products is in the United States. The increasing influence of sports, such as football, basketball, and baseball in the nation has contributed significantly to the market growth. Furthermore, new product launches by key players influenced by the different types of sports will increase the demand for sports apparel in this region.
Segmentation Insights
End User Insight
The men segment dominated the market. This growth is attributed to the rise in sports participation and fitness activities by men across various age groups and demographics. In addition, men are becoming more health-conscious, desiring active lifestyles, and financing sports apparel that aligns with their fitness goals.
Distribution Channel Insight
The discount stores segment dominates the market. This is due to the cost sensitivity, requirement for budget-friendly options, availability of different products, and expansion of discount retail chains. These elements collectively contribute to the rise in popularity and the existence of discount stores in the sports apparel market.
Prominent Companies
Segmentation Outline
The global sports apparel market segmentation focuses on End Users, Distribution Channels, and Region.
By End User
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SPORTS APPAREL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: SPORTS APPAREL MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL SPORTS APPAREL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL SPORTS APPAREL MARKET, BY END USER
5.1 OVERVIEW
5.2 CHILDREN
5.3 MEN
5.4 WOMEN
6 GLOBAL SPORTS APPAREL MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 E-COMMERCE
6.3 SUPERMARKET/HYPERMARKET
6.4 BRAND OUTLETS
6.5 DISCOUNT STORES
7 GLOBAL SPORTS APPAREL MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL SPORTS APPAREL MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 FILA HOLDINGS CORP
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 PUMA SE
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 COLUMBIA SPORTSWEAR COMPANY
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 RALPH LAUREN CORPORATION
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 UNDER ARMOUR INC
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 NIKE INC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 NEW BALANCE ATHLETICS INC
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 ADIDAS AG
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 LULULEMON ATHLETICA INC
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 ICONIX INTERNATIONAL
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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