Skip to main content

Sportswear Market Size to Worth USD 305.67 Billion by 2030 | With a 6.72% CAGR

The global sportswear market size covered major segments by Product Type (Footwear, Apparel, and Wearables), by End-User (Men, Women, and Children), by Distribution Channel (E-commerce Stores and Retail Stores), and Regional Forecast, and Regional Forecasts, and Others.

Pune, India, June 20, 2023 (GLOBE NEWSWIRE) — The global sportswear market size was valued at USD 182.01 billion in 2022 and is anticipated to expand from USD 193.89 billion in 2023 to USD 305.67 billion by 2030, exhibiting a CAGR of 6.72% over the estimated period. The rise is due to the growing popularity of the product on account of breathability and sweat-wicking capability.

Fortune Business Insights™ provides this information in its research report, titled “Sportswear Market, 2023-2030”.

Get a Free Sample Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sportswear-market-102571

List of Key Players Profiled in the Sportswear Market Report:

  • Puma SE (Germany)
  • Umbro Ltd (U.K.)
  • Adidas AG (Germany)
  • Nike, Inc. (U.S.)
  • Columbia Sportswear Company (U.S.)
  • Under Armour, Inc. (U.S.)
  • Anta Sports Products Limited (U.S.)
  • Lululemon Athletica Inc. (Canada)
  • Fila Holdings Corp (South Korea)
  • Li Ning Company Limited (China)

Report Scope & Segmentation:

Report AttributesDetails
Forecast Period2023-2030
Forecast CAGR6.72%
2030 Value ProjectionUSD 305.67 Billion
Market Size in 2022USD 182.01 Billion
Historical Data2019-2021
No. of Pages195
Report CoverageRevenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
  • By Product Type
  • By End-User
  • By Distribution Channel
  • By Region
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Sportswear Market Growth DriversIncreasing Health Consciousness among Global Population to Surge Product Demand
Surging Female Participation in Sports to Aid Market Growth

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/sportswear-market-102571

Report Coverage:

The report gives an analysis of the major factors impelling the global market scenario over the forthcoming years. It further provides an overview of the pivotal steps undertaken by leading market players for strengthening their positions in the industry. These insights have been provided after in-depth research from credible sources.

Drivers and Restraints:

Market Value to Rise on Account of Growing Female Participation in Sports Activities

The sportswear market growth is being driven by an escalation in female participation in an array of sports domains such as basketball, athletics, football, and others. The industry expansion is further impelled by the growing popularity of female sporting events such as Women’s FIH Hockey World Cup, ICC Women’s World Cup, FIFA Women’s World Cup, and others.

However, there has been an increase in counterfeit products such as leather goods, clothing, and footwear in various countries. This may hinder industry expansion to some extent.

COVID-19 Impact:

Decreased Sales and Delay in Shipment Affected Industry Expansion Amid COVID-19 Pandemic

The COVID-19 crisis negatively affected the industry growth driven by the enforcement of lockdown restrictions. This led to a drop in sales of various companies. The revenues were also impacted by a delay in the shipment of goods on account of some precautionary measures.

Segments:

Apparel Segment to Dominate on Account of High Product Demand

Based on product type, the market is subdivided into apparel, footwear, and wearables. The apparel segment is poised to account for a dominating share in the market. This is due to the escalating product demand in numerous activities such as tennis, basketball, football, and others.

Men Segment to Exhibit Considerable Surge Impelled by Growing Involvement in Trekking

On the basis of end-user, the market is subdivided into women, men, and children. The men segment is expected to dominate the market on account of increasing participation in outdoor activities. These include trekking, rock climbing, cycling, and others.

Retail Stores Segment to Exhibit Appreciable Surge Driven by Rising Popularity

Based on distribution channel, the market is segmented into retail stores and e-commerce stores. The retail stores segment is touted to depict substantial expansion throughout the forecast period. The surge is propelled by the escalating popularity of brands across the globe.

By geography, the market for sportswear is fragmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Get a Quote Now:

https://www.fortunebusinessinsights.com/enquiry/get-a-quote/sportswear-market-102571

Regional Insights:

North America to Emerge Prominent Impelled by Surging Product Deployment

North America is set to emerge dominant in terms of the sportswear market share over the forecast period. The surge is propelled by the growing product adoption across the region.

The Asia Pacific market is expected to depict considerable growth throughout the projected period. The rise is driven by the escalating investment in sports by government players.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Trends
  • Key Insights
    • Overview of the Parent/Related Markets
    • Regulatory Analysis
    • Industry SWOT Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product  Launches, and Mergers & Acquisitions
    • Impact of COVID on Supply Chain of Sportswear Market
      • Impact of COVID-19
      • Supply Chain Challenges
      • Potential Opportunities due to COVID-19
  • Global Sportswear Market Analysis, Insights and Forecast, 2019-2030
    • Key Findings / Summary
      • Market Size Estimates and Forecast 
      • By Product Type (Value)
        • Footwear
        • Apparel
        • Wearables
      • By End-User (Value)
        • Men
        • Women
        • Children
      • By Distribution Channel (Value)
        • E-Commerce
        • Retail Stores
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa

TOC Continued…!

Speak to Our Expert:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sportswear-market-102571

Competitive Landscape:

Leading Players Ink Partnership Deals to Strengthen Industry Footing

Major market participants are implementing a range of strategic deals for strengthening the positions of their businesses. These include acquisitions, merger agreements, and the rollout of new solutions. Additional steps comprise an escalation in R&D activities and collaborations.

Key Industry Development:

  • March 2021 – The founder of 2XU established Pressio, a high-performance sportswear brand, in the U.K. The move would help the company in improving the depth of its products.  

Read Related Insights:

Sports Footwear Market Size to Worth USD 134.99 Billion by 2028 | With a 4.8% CAGR

Sports Drink Market Share and Trends [2023-2028] | Fortune Business Insights™

United States Sports Drink Market Size to Hit $9.38 Billion by 2029 | At 4.76% CAGR

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner,

Mahalunge Road, Baner, Pune – 411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Emailsales@fortunebusinessinsights.com

Follow Us: LinkedIn | Facebook | Twitter  

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.