Sports Apparel Market By Demography (Men, Women, Kids); By Distribution Channel (Retail Stores, Supermarket, Brand Stores, Online Stores); By Regional - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
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The global sports apparel market is expected to reach to a valuation of USD 191.4 Billion by the end of 2032. Moreover, it is anticipated to flourish at a CAGR of 4.1% during the forecast period i.e. 2022-2032.
Growth Drivers & Barriers
In the past years, global sports apparel has witnessed growth on the account of increasing sports activity across the globe. Further, increasing health awareness and rising adoption of fitness activities such as swimming, jogging, aerobics and yoga is supplementing the growth of the market. Moreover, rising participation of women in sports activities is believed to spur the growth of the sports apparel market in the upcoming years.
Factors such as growing prevalence of diseases, increasing geriatric population in various nations has stirred up a wave of health consciousness which has encouraged population of various countries to focus on health activities and buy sports apparel. Further, this rising level of awareness and increased athletic activity is expected to drive the growth of the market.
Manu sports companies are focusing on the launch of athleisure style sports apparel. These sports inspired apparel are generally available at lower cost as compared to high performance athletic wear. Moreover, these apparels are gaining traction among the consumers which bodes well for the growth of the market.
Increasing disposable income of population is anticipated to drive the growth of the market in near future. Apart from this, government of various nations are taking initiatives to increase sports and fitness activities among the population. These government initiatives will diversify the growth of the market during the forecast period.
However, availability of counterfeit sports apparels in the market is likely to negatively impact the growth of the market.
Regional Outlook:
In the terms of geography, the sports apparel market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, North America captured the largest chunk of market share in overall sports apparel market during the forecast period. This can be attributed to high health & fitness awareness among population. Further, high rate of sports activities in colleges and other educational initiates is benefitting the growth of sports apparel market in North America. Asia Pacific is believed to grow at highest rate during the forecast period. Countries such as China, India, Thailand and Japan are witnessing high demand for sports apparel.
Segmentation
The research offers a comprehensive analysis of sports apparel market with respect to following sub-markets:
By Demography
- Men
- Top wear
- Bottom wear
- Women
- Top wear
- Bottom wear
- Kids
- Top wear
- Bottom wear
By Distribution Channel
- Retail Stores
- Supermarket
- Brand Stores
- Online Stores
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Adidas AG
- Nike, Inc.
- Puma SE
- Under Armour, Inc.
- Ralph Lauren Corporation
- Umbro, Ltd
- Fila, Inc.
- Lululemon Athletica Incorporation
- New Balance Athletic Shoe, Inc.
- Columbia Sportswear Company
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in sports apparel market.
Timeline Considered for Analysis:
- 2022: Base Year
- 2023: Estimated Year
- 2023 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global sports apparel market by the following segments:
- Demography
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
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Attribute |
Details |
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Market Size Projection |
USD 191.4 Billion by end of 2032. CAGR: 4.1% (2023-2032). |
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Growth Drivers & Barriers |
- Increasing sports activity worldwide. |
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- Rising health awareness and fitness adoption. |
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- Growing participation of women in sports. |
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- Launch of athleisure style sports apparel. |
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- Rising disposable income and government initiatives. |
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- Availability of counterfeit sports apparels as a challenge. |
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Regional Outlook |
- North America: Highest market share due to fitness awareness and sports activities. |
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- Asia Pacific: Expected highest growth due to demand in countries like China, India, etc. |
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Segmentation |
- By Demography: Men (Top wear, Bottom wear), Women (Top wear, Bottom wear), Kids. |
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- By Distribution Channel: Retail Stores, Supermarket, Brand Stores, Online Stores. |
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Geographic Segments |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa. |
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- Publication date: Aug 2023
- Base year: 2022
- Forecast year: 2023-2033
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