Report ID: SQSG25K2007
Report ID:
SQSG25K2007 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
89 |
Figures:
76
Sportswear Market size was valued at USD 182.22 Billion in 2023 and is poised to grow from USD 194.25 Billion in 2024 to USD 345.28 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
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.
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Report ID: SQSG25K2007