Vietnam Sportswear Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 3.46% (2025-2033)
The Vietnam sportswear market is growing fast. This growth comes from more people caring about their health. They also have more money to spend. Plus, they want both international and local brands. According to the latest report by IMARC Group, The Vietnam sportswear market size reached USD 792.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,075.3 Million by 2033, exhibiting a growth rate (CAGR) of 3.46% during 2025-2033.
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Vietnam Sportswear Industry Trends and Drivers:
The people of Vietnam are becoming more health-conscious, which is driving demand for sportswear. As people learn about fitness benefits, they are more active and buying more activewear. Urbanization and higher disposable incomes also support this trend. Many prioritize quality apparel for gym workouts, running, and sports. International brands like Nike and Adidas are expanding in this market. They aim to capitalize on the growing interest in fitness. Local brands are also gaining popularity by offering stylish and affordable options for budget-conscious buyers. E-commerce platforms are key to sportswear market growth. They make sportswear accessible even in remote areas, broadening market reach.
Another key driver is social media and celebrity endorsements. They shape consumer preferences. A young population is active on platforms like Instagram and TikTok. They follow fitness influencers who promote sportswear trends. This digital engagement speeds up the adoption of athleisure fashion, which blends comfort with style. Sustainability is also becoming important. Eco-friendly fabrics are gaining popularity. Brands that use recycled materials or sustainable practices attract eco-conscious buyers. Additionally, government programs that promote sports, like community fitness initiatives, help expand the market. As Vietnam’s economy grows, the sportswear industry is set for strong growth. This growth is fueled by changing lifestyles and increased digital use.
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Vietnam Sportswear Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
● Shoes
● Clothes
Distribution Channel Insights:
● Online Stores
● Retail Stores
End User Insights:
● Men
● Women
● Kids
Regional Insights:
● Northern Vietnam
● Central Vietnam
● Southern Vietnam
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter’s Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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This release was published on openPR.
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