Sports Apparel Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Sports apparel are apparel mainly worn during workout sessions or while playing sports. They are designed to provide comfort and agility while performing physical movements. These apparels are made using breathable fabric that allows sweat to evaporate faster, helping the person wearing it remain fresh for long. Sports apparel forms by those materials which helps to keep the player comfortable during sport. The type of material required will depend upon the intensity of the sport activity. For instance, in yoga clothing should use materials with exceptional stretch ability for easy movement which will probably require the material to be of a knitted construction. Polyester, microfiber, calico, and spandex are some of the most commonly used fabrics in production of these clothing. Initially, the sports apparel was mostly worn by athletes but now it has become quite common with regular gym-goers and other non-athletes.

The global sports apparel market is anticipated to reach USD 6,92,420 million by 2030 from USD 3,04,050 million in 2021, at a CAGR of 9.8% during the forecast period.

Increased use of fitness activities such as swimming, gym, aerobics, yoga, and running is expected to drive the sports apparel market.

Growth Drivers:

The rising popularity of sports players on social media coupled with rising health and self-consciousness, as well as desire to live an active lifestyle and seem fit, are motivating consumers to include sports and fitness activities into their daily routine. This increased engagement has resulted in increasing demand for sports apparel. The aggressive advertising and celebrity endorsements have also boosted the sports apparel market. The availability of sports apparel with increased attributes like moisture management, temperature regulation, and other features that avoid discomfort and potential injury has fueled the demand in customers, who are ready to pay for such features.

Rising participation of women in fitness and various sports activities, including football, athletics, basketball, and others has fueled the growth of sports apparel market. According to Olympics.org, in 2018, female participation in Winter Olympic Games in Pyeongchang, South Korea was 41 percent. Collaborations and partnerships with athletes, especially female players, are also adopted by market players to boost sports apparel demand for the women’s category.

Governments all around the globe has taken various initiatives to promote sports, health, and fitness have led to an increased consciousness about sports and sports related activities. Various initiatives and increase in investments by governments are leading to increased participation in sports activities by young people is boosting the demand for sports apparel market. For instance, a data from Economic Times in February 2020 stated that the Government of India had allotted USD 401.6 million in its sports budget, which is a rise of USD 7.103 from its previous sports budget.

The demand for stylish and advanced sports apparel is increasing since they are adaptable, handy, fashionable, and can be worn for a variety of events. Desire to keep an athletic appearance while following the current fashion trends will boost the growth of sports apparel market. The increased emphasis on style has been capitalized by important players in the market, and they have produced novel, technically sophisticated items that are both comfortable, functional and stylish to meet current demand, increasing their revenue and profitability.

Global Sports Apparel Market Segmentation:

By Product:

·        Tops & T-shirts

·        Pants & Tights

·        Surf & Swimwear

·        Sweater and Hoodies

·        Others

By Distribution Channel:

·        Supermarkets and Hypermarkets

·        Brand Outlets

·        Discount Stores

·        E-commerce

By End-User:

·        Men

·        Women

·        Children

By Region:

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East and Africa

Global Sports Apparel Market by Raw Material Review:

Based on the product, the sports apparel market is segmented into tops & t-shirt, pants & tights, surf & swimwear, sweater and hoodies, and others. On the basis of product, tops & t-shirts segment has the largest market share and is likely to grow at fastest CAGR during the forecast period due to the manufacturing of high-quality fabrics to boost performance is driving the growth of the segment.

Global Sports Apparel Market by Distribution Channel Review:

Based on the distribution channel, the global sports apparel market is segmented into supermarkets & hypermarkets, brand outlets, discount stores, and e-commerce. On the basis of distribution channel, discount store has the largest share of sports apparel market and e-commerce is projected to grow at fastest CAGR during the forecast period as a result of digital innovation.

Global Sports Apparel Market by End-User Review:

Based on the end-user, the global sports apparel market is segmented into men, women, and children. On the basis of end-user, men segment has the largest share of the of sports apparel, end-user segment due to increased engagement of men in sports.

The women segment is projected to grow at fastest CAGR during the forecast period as a result of increasing participation of women in fitness and various domestic and professional sports activities.

Regional Outlook:

The global sports apparel market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

North America is expected to dominate the sports apparel market, due to highly evolved retail system and increased acceptance of sports apparel as a result of aggressive advertising and celebrity brand endorsement. Increased consumer spending on sports apparel as a fashion statement is also boosting the sports apparel market in the region. The U.S. is the prominent player in this region.

Asia pacific is expected to grow with highest CAGR throughout the forecast period due to rapid improving retail infrastructure and increasing disposable income of consumers in the region. China holds the largest market share in the region. India and China have the fastest increasing young populations, with a combined population of 0.652 billion, fueling demand for sports goods.

Europe is expected to grow at substantial rate because of huge demand for sports apparel and the advanced technology based on sports apparel are launched in this region.

Key Companies in Global Sports Apparel Market:

The research report offers a competitive analysis of prominent companies operating in the global sports apparel market. Some of the leading players profiled in the market research report include:

·        Nike Inc.

·        Adidas AG

·        Under Armour, Inc.

·        Puma SE

·        Fila Inc

·        New Balance

·        LiNing

·        ASICS

·        Ralph Lauren Corporation

·        Umbro Ltd

·        Other Players