What is the key driver of Global Sports Apparel Market?

Increasing awareness about the importance of leading a healthy lifestyle and engaging in regular physical activities has been a significant driver for the global sports apparel market. Consumers are becoming more health-conscious, seeking sportswear that provides comfort, functionality, and performance-enhancing features to support their fitness endeavors.

Sports Apparel Market Size, Share, Growth Analysis, By Product Type(Athletic footwear, Sports apparel (tops, bottoms, jackets), By Distribution Channel(Offline (sporting goods stores, department stores, and specialty stores), Online (e-commerce platforms and company websites)), By End-user(Men, Women, Kids), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Sports Apparel Market?

Global Sports Apparel Market size was valued at USD 174 billion in 2021 and is poised to grow from USD 187.1 billion in 2022 to USD 288 billion by 2030, at a CAGR of 5.53% during the forecast period (2023-2030).

Q: Who are the key vendors in the Global Sports Apparel Market?

The Global Sports Apparel Market is highly competitive, with several players vying for a significant market share. The leading companies in the Media, Communication and service market are investing heavily in research and development to stay ahead of the competition and offer innovative solutions to their customers. Some of the major players in the market have a global presence. They are also focused on expanding their product portfolio and enhancing their distribution networks to better serve their customers. 'Nike Inc. (US)', 'Adidas AG (Germany)', 'Under Armour, Inc. (US)', 'Puma SE (Germany)', 'ASICS Corporation (Japan)', 'Columbia Sportswear Company (US)', 'VF Corporation (US)', 'New Balance Athletics, Inc. (US)', 'Skechers USA, Inc. (US)', 'Anta Sports Products Limited (China)', 'Li Ning Company Limited (China)', 'Decathlon Group (France)', 'Lululemon Athletica Inc. (Canada)', 'Hanesbrands Inc. (US)', 'ASICS Corporation (Japan)', 'Fila Holdings Corp. (South Korea)', 'Mizuno Corporation (Japan)', 'The North Face, Inc. (US)', 'Umbro International Limited (UK)', 'Reebok International Limited (US)'

Q: What is the key market trend for Global Sports Apparel Market?

One key market trend in the global sports apparel industry is the growing emphasis on sustainability and eco-friendly practices. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are demanding sustainable and responsibly produced sportswear. Market players are responding to this trend by incorporating sustainable materials such as organic cotton, recycled polyester, and innovative eco-friendly fabrics into their product lines.

Q: Which region accounted for the largest share in Global Sports Apparel Market?

North America is the largest market region in the global sports apparel market. North America has a significant share in the market due to the high participation in sports activities, strong sports culture, and the presence of major sports apparel brands. The US, in particular, contributes significantly to the region's market size, driven by the active lifestyle and fitness consciousness among its population.

Report ID: SQMIG25J2073 | Region: Global | Published Date: February, 2024
Pages: 23 | Tables: 97 | Figures: 76

Sports Apparel Market News

In February 2023, Nike announced the launch of its new series Nike Zenvy and Nike Go leggings series for women. Featuring fabrics of different strengths and sizes, the latest activewear line was not only tailor-made for a wide variety of Asian body types but also designed to meet the demands of all women’s sporting activities.

In June 2022, Global sports company PUMA and AC Milan announced a long-term extension of their partnership, which was first established in 2018. PUMA will continue as the Principal Partner of AC Milan.

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Sports Apparel Market size was valued at USD 174 billion in 2021 and is poised to grow from USD 187.1 billion in 2022 to USD 288 billion by 2030, at a CAGR of 5.53% during the forecast period (2023-2030).

The Sports Apparel Market is highly competitive, with several players vying for a significant market share. The leading companies in the Media, Communication and service market are investing heavily in research and development to stay ahead of the competition and offer innovative solutions to their customers. Some of the major players in the market have a presence. They are also focused on expanding their product portfolio and enhancing their distribution networks to better serve their customers. 'Nike Inc. (US)', 'Adidas AG (Germany)', 'Under Armour, Inc. (US)', 'Puma SE (Germany)', 'ASICS Corporation (Japan)', 'Columbia Sportswear Company (US)', 'VF Corporation (US)', 'New Balance Athletics, Inc. (US)', 'Skechers USA, Inc. (US)', 'Anta Sports Products Limited (China)', 'Li Ning Company Limited (China)', 'Decathlon Group (France)', 'Lululemon Athletica Inc. (Canada)', 'Hanesbrands Inc. (US)', 'ASICS Corporation (Japan)', 'Fila Holdings Corp. (South Korea)', 'Mizuno Corporation (Japan)', 'The North Face, Inc. (US)', 'Umbro International Limited (UK)', 'Reebok International Limited (US)'

Increasing awareness about the importance of leading a healthy lifestyle and engaging in regular physical activities has been a significant driver for the sports apparel market. Consumers are becoming more health-conscious, seeking sportswear that provides comfort, functionality, and performance-enhancing features to support their fitness endeavors.

One key market trend in the sports apparel industry is the growing emphasis on sustainability and eco-friendly practices. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are demanding sustainable and responsibly produced sportswear. Market players are responding to this trend by incorporating sustainable materials such as organic cotton, recycled polyester, and innovative eco-friendly fabrics into their product lines.

North America is the largest market region in the sports apparel market. North America has a significant share in the market due to the high participation in sports activities, strong sports culture, and the presence of major sports apparel brands. The US, in particular, contributes significantly to the region's market size, driven by the active lifestyle and fitness consciousness among its population.

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FAQs

What is the market size of Sports Apparel Market?

Who are the key vendors in the Sports Apparel Market?

What is the key driver of Sports Apparel Market?

What is the key market trend for Sports Apparel Market?

Which region accounted for the largest share in Sports Apparel Market?

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