Sportswear Market Size, Share, Growth Analysis, By Product(Footwear, Apparel, Wearables), By End users(Men, Women, Children), By Distribution channel(E-commerce stores, retail stores), By Region - Industry Forecast 2024-2031

Global Sportswear Market size was valued at USD 170.94 billion in 2019 and is poised to grow from USD 182.22 billion in 2023 to USD 323.9 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

The sportswear market is likely to be driven by rising awareness about living a healthy lifestyle and the health advantages of fitness activities such as swimming, yoga, running, and aerobics. The growing popularity of sporting events such as the Soccer World Cup, Olympic Games, and Cricket World Cup is also propelling this sector forward. Rising incidences of work-related health conditions, such as stress and obesity, are encouraging more people to participate in sports and fitness activities, which is driving up demand for fashionable and comfortable sportswear. Furthermore, the growing popularity of multinational sportswear brands is increasing product demand. Rising disposable income levels, increased living conditions, and low manufacturing costs are the primary reasons driving these countries' market growth. Furthermore, India has a significant proportion of the textile industry, which is projected to drive market expansion.

US Sportswear Market is poised to grow at a sustainable CAGR for the next forecast year.