Sports Apparel Market || 2024-2031
The Global Sports Apparel Market is estimated to reach a CAGR of 5% during the forecast period 2024-2031.
Sports apparel refers to clothing designed for athletic activities like workouts or sports. These garments are crafted to provide comfort and flexibility, helping athletes move freely during physical activity. Made from breathable materials, sports apparel allows sweat to evaporate quickly, keeping the wearer feeling fresh. Common fabrics used include cotton and spandex, each offering different benefits depending on the sport or activity. Polyester, calico, and microfiber are also widely used in sports clothing production. While originally worn by athletes, sportswear has since gained popularity among casual gym-goers and non-athletes alike.
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Market Dynamics:
The growing interest of the population towards adopting different sports types as a career choice creates huge opportunities for the sports apparel market to proliferate in the near future.
According to recent studies, the global sports market was valued at around 471 billion U.S. dollars in 2018, up from 324 billion dollars in 2011. The United States held a significant 32.5% share of the global sports market in 2018. In North America, the sports industry was worth approximately 71.06 billion dollars in the same year, with projections to reach 83.1 billion dollars by 2023. Key revenue sources include gate sales, broadcast rights, sponsorships, and merchandise.
The growing expansion of sports markets globally is contributing to the rising demand for sports apparel. Additionally, the increase in female participation in both professional and recreational sports is driving the market forward. The merging of sports and fashion has also led to more stylish sportswear, which is expected to further boost the sports apparel market in the coming years.
Segment Covered in Sports Apparel Market:
By Material: Synthetic, Natural.
By Type of Print: Water-Based, Silicone Emboss, Reflective Transfer, Pigment, High Density, Glitter, Cracking Ink, Others.
By Distribution Channel: E-commerce, Supermarket/Hypermarket, Brand Outlets, Discount stores, Others.
By End-User: Men, Women, Children.
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Key players involved in Sports Apparel Market:
• Columbia Sportswear Company
• ADIDAS AG
• SKECHERS USA, INC
• Nike, Inc
• YONEX Co., Ltd
• ASICS Corporation
• FILA Luxembourg S.a.r.l
• PUMA SE
• Jockey
• Brooks Sports, Inc
*Note:
• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Regional Analysis:
The Sports Apparel Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter’s five force analysis. The Sports Apparel Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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