Sportswear market size expected to reach revenue of approximately $ 544 billion by 2026

CHICAGO, May 20, 2021 / PRNewswire / – In-depth analysis and data-driven insights into the impact of COVID-19 included in this report on the Global Sportswear Market.

The Global sportswear market is expected to grow at a CAGR of over 7% during the period 2020-2026.

Highlights presented in the report:

  1. North America is expected to have the largest market share during the forecast period.
  2. APAC is expected to grow at the fastest growth rate of around 9% during the forecast period. Various Asia Pacific countries such as India, China, and others are seeing an increase in demand for sportswear due to rising disposable income.
  3. The women’s sportswear segment is expected to have the fastest growth rate of over 7% and the men’s segment is expected to have the largest market share by 2026.
  4. Many vendors are increasing their presence in the world through licensing. For example, Page Industries is the licensee of Jockey for operations in India.
  5. The sportswear market is expected to witness tremendous growth during the forecast period as individuals all over the world are increasingly aware of their fitness level.
  6. The demand for sportswear through online channels is increasing due to the increasing penetration of internet in the world. In addition, the number of smartphone users is increasing rapidly, contributing to the success of the online sale of sportswear.
  7. The United States dominates the sportswear and footwear market with the highest share in the world.
  8. During the COVID-19 epidemic, the emergence of the work-from-home culture allowed people to adopt more comfortable and casual clothes, contributing to an increase in the demand for sportswear around the world.

Key offers:

  • Market Size and Forecast by Revenue | 2020-2026
  • Market dynamics – Key trends, growth drivers, constraints and investment opportunities
  • Market Segmentation – A detailed analysis by product, end user, distribution channel, type of activity and geography
  • Competitive landscape – 10 key suppliers and 29 other suppliers

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Sportswear Market – Segmentation

  • The United States dominates the sportswear and footwear segment and generates the highest market share in the world. COVID-19 has impacted the demand for sportswear as people have adopted more of these products because they are comfortable to wear while working from home. The demand for types of clothing depends on the weather conditions in the area.
  • Men contribute a larger share of the global sportswear market compared to other end user segments. The United States is the market leader in men’s sportswear. Over 10 million men in the world practice yoga out of total yoga practitioners. The segment of women’s sportswear will experience substantial growth in the coming years. The growing age between 25-34 years contributes a significant share of the market.
  • The huge preference for going out, socializing, seeing and trying on the product before buying is likely to keep the sportswear offline sales market share high. In Q2 2020, Nike added a new product to its portfolio at Melrose and new York, planning to expand to 150-200 small stores in North America, MEA and Europe.

Sportswear Market by Product Type

  • Clothes
  • Shoes and accessories

Sportswear Market by End User

Sportswear Market by Distribution Channel

Sportswear market by type of activity

Sportswear Market – Dynamic

Many suppliers use a variety of synthetic fibers, such as nylon and polyester, to make sportswear. While these raw materials used in sportswear provide functional benefits, such as lightness, moisture management, and flexibility, they pose a significant threat to the environment. Synthetic fabrics lose a lot of microfibers in the wash and don’t last long if used regularly. As a result, many customers are switching from these sportswear to durable sportswear. Sustainable sportswear is made from raw materials such as organic cotton, recycled plastic, organic bamboo, and other natural fibers that are not harmful to the environment. Hence, the demand for sustainable sportswear is expected to experience considerable growth during the forecast period.

Key Drivers and Trends Fueling Market Growth:

  • Growing popularity of athletic clothing
  • Increased participation of women in sports and fitness
  • Growing population of health conscious people
  • Growing popularity of outdoor activities

Sportswear Market – Geography

Factors such as growing awareness of the benefits of a healthy lifestyle, increasing internet penetration, increasing participation in outdoor activities are driving the sportswear market in the market. North America. The United States accounts for the largest share of the sportswear market in this region, followed by Canada. Some of the main sportswear brands in the region are Nike, Lululemon and Colombia. COVID-19 led to a downturn in the sportswear market in the first and second quarters of 2020 due to the closure of all public spaces, fitness centers (including yoga, gym, Zumba et al), production facilities and labor shortages. Additionally, all sporting events were either postponed or canceled. However, the sportswear market edged up in the third and fourth quarters of 2020 due to an increase in demand for comfortable clothing as the majority of the population worked from home and many fitness enthusiasts were training at home. residence. There has been an increase in demand for sportswear such as fleece hoodies, stretch pants, shorts, yoga stockings and others.

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Segmentation by geography

  • North America
  • APAC
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • United Arab Emirates
    • South Africa

Main suppliers

  • Nike Inc.
  • Adidas
  • Puma
  • Lululemon Athletica
  • Under protection
  • Asics
  • Hanes
  • Jockey
  • Company VF
  • Anta Sports

Other important suppliers

  • Li Ning Group
  • Ralph Lauren Company
  • Umbro
  • Columbia Sportswear Company
  • New balance
  • Enerskin
  • Obermeyer
  • Volcom
  • Patagonia
  • Elite sportswear
  • Decathlon
  • Alo
  • Gymshark
  • JD Sports
  • casstore
  • Contra
  • HRX
  • Varley
  • Outside voice
  • Overhaul
  • Marmot
  • Intrusion
  • Montbell
  • stretching
  • Training sports
  • The reverse
  • PE Nation
  • Diadora
  • Hoka one one

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