Sports Apparel Market Overview
The global sports apparel market is estimated to witness a CAGR of greater than 7% during the forecast period (2022 – 2027). Rising health and self-consciousness, desire to lead active lifestyles and to appear fit, is encouraging consumers to incorporate sports and fitness activities into their daily routine. The rising participation of women in professional and domestic sports and fitness activities is expected to drive the market over the forecast period. The availability of sports apparel with enhanced properties such as moisture management, temperature control, and other performance-boosting characteristics that prevent discomfort and potential injury, has captured the interest of consumers, who have been observed to be willing to pay more for such additional benefits.
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Sports Apparel Market – Geographical Overview
Asia-Pacific is the fastest-growing region in the global sports apparel market, owing to countries such as China and India which have a higher percentage of young population. The increasing appetite for foreign brands, and rising disposable income, coupled with the desire to lead improved lifestyles are expected to positively impact the demand for sports apparel in the region. China, backed by government initiatives to encourage active participation in sports, is leading the market in the region and has the potential to surpass the United States as the leading market worldwide in the future.
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Growth of Smart Fabrics for Sports and Fitness Market
- With the ongoing technological advancements in nanotechnology and micro-fabrication technologies, miniaturization has been enabled in various electronic components, making components, like smart sensors, small and cost-effective, which is driving the smart fabrics for sports and fitness.
- The 3-D printing production processes and production of nano-materials by nano dimension solutions have the potential to resolve any production challenges and will also help create an efficient production technology for smart fabrics.
- The emerging new segment of wearable devices, the E-textile or smart fabrics segment, has changed the way these devices are being worn now. Smart fabrics incorporate biometric sensors, minicomputers, circuits, or metallic yarns for different functionality. These fabrics can be customized accordingly to meet almost all the requirements of a sports athlete or any fitness buff.
Recent Developments in the Sports Apparel Market
- In September 2021, Global sports brand PUMA had launched Royal Challenger Bangalore (RCB) athleisure range as part of its three-year strategic partnership deal the company signed with the franchise in March 2021.
- In September 2021, Eastbay and Champs Sports announced the launch of a new apparel line i.e., Eastbay Performance. The line includes compression products including tops, tanks & tights, tees, jackets, and shorts for training and fleece pants and hoodies casual wear.
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List of Key Players in the Sports Apparel Market
- Adidas AG
- Nike, Inc.
- Puma SE
- Under Armour, Inc.
- Lululemon Athletica
- Columbia Sportswear Company
- Anta International Group Holdings Ltd.
- Li Ning Company Limited
- VF Corporation
*List Not Exhaustive
Mordor Intelligence has segmented the global sports apparel market based on sport, end-user, distribution channel, and geography:
- Sport (Market Size & Forecast based on Revenue (USD million), 2016-2027)
- Soccer
- Basketball
- Baseball
- Others
- End-user (Market Size & Forecast based on Revenue (USD million), 2016-2027)
- Men
- Women
- Children
- Distribution Channel (Market Size & Forecast based on Revenue (USD million), 2016-2027)
- Specialty Stores
- Supermarkets/Hypermarkets
- Online Retail Stores
- Other Distribution Channels
- Geography (Market Size & Forecast based on Revenue (USD million), 2016-2027)
- North America
- United States
- Canada
- Mexico
- Rest of North America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Middle-East and Africa
- South Africa
- Saudi Arabia
- Rest of the Middle East & Africa
- North America
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