Rising health awareness and increasing fitness activities among consumers is adding the growth of sports apparel market. Sales of sports apparel is projected to reach $318.1 billion by 2030, growing at a CAGR of 5.1% during forecast period. In 2020, the market was valued at $ 246.1 billion in 2020. Rising disposable income coupled with increasing living standards of population in growing economies is believed to garner the growth the growth of sports apparel market. The market is also expected to gain benefit from growing inclination of working individuals towards and fitness regimes such as swimming, jogging and others.
Market Segmentation:
This report broadly segments the global sports apparel market into product type, demography and distribution channels. The sports apparel market, by product type is segmented into shirts, jackets, shorts, pants and others. Shirts and pants accounted for the major portion of the market in 2020. The sports apparel market is further fragmented by demography into male and female. In demography segment, female sports apparel market is expected to witness exponential growth over the forecast period. This can be attributed to increase in the number of working women coupled with rising focus on health activities. On the basis of distribution channels, the global sports apparel market is segmented into supermarket, retail stores, brand stores, online stores and others. In 2020, brand stores segment held the largest percentage share of the global sports apparel market by distribution channel.
In the terms of geography, the global sports apparel market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In 2020, North America grabbed the major market of the sports apparel. However, Asia-Pacific is poised to grow at significant CAGR during the forecast period. Improving living standards in developing nations such as China and India is offering significant growth opportunities to sports apparel market.
Competitive Landscape:
The report offers comprehensive coverage of major vendors including recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis etc.
Some of the key players mentioned in the report are Nike, Inc., Ralph Lauren Corporation, Umbro, Ltd., Fila, Inc., Lululemon Athletica Incorporation, New Balance Athletic Shoe, Inc. and Columbia Sportswear Company.
Scope of the report:
This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.
Segments Covered:
Sports apparel Market by Product Type
- Shirts
- Jackets
- Shorts
- Pants
- Others
Sports apparel Market by Demography
- Male
- Female
Sports apparel Market by Distribution Channel
- Supermarket
- Retail Stores
- Brand Stores
- Online Stores
- Others
Sports apparel Market by Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Report Structure
The sports apparel market report offers a comprehensive market breakdown on the basis of value, volume, CAGR, and Y-o-Y growth. A market attractiveness analysis on the basis of product type, demography, distribution channel and region is also provided in the report which helps you build a 360-degree perspective on the sports apparel market.
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