Sportswear Market Size, Top Companies Share, Trends and Growth Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Sportswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global sportswear market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global sportswear market size reached US$ 181.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 239.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

What is Sportswear?

Sportswear represent informal clothing designed for comfort and playing sports. Tennis shirts, T-shirts, hoodies, Tracksuits, shorts, polo shirts, swimsuits, etc., are some of the common sportswear generally worn while participating in physical activities. Depending on the type of sport and the intensity, they can be manufactured by using several flexible materials, such as nylon-spandex, cotton, polypropylene, cotton-polyester, polyester-spandex, wool blend, etc. Sportswear are extensively worn while playing cricket, football, golf, tennis, basketball, hiking, bicycling, jogging, etc. In line with this, they aid in improving performance, preventing injury during exercise, providing extra comfort, reducing the delayed onset muscle soreness (DOMS), promoting the health of the wearer, minimizing post-workout muscle cramps, etc.

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Sportswear Market Trends and Drivers:

The increasing participation of individuals in sports and fitness activities, owing to the growing incidences of work-related health conditions, including stress and obesity, is primarily driving the sportswear market. Additionally, the widespread adoption of fast-drying t-shirts and materials that can track heart rate, manages body heat, improve circulation, etc., and are produced by using lightweight infrared emitting fabrics and energy infrared technology is further catalyzing the global market. Besides this, the rising utilization of sportswear to protect the wearer against environmental conditions during outdoor activities is acting as another significant growth-inducing factor. Moreover, the escalating demand for these clothing to enhance overall performance by supporting the right muscle groups during training and exercising and providing protection to the sensitive muscle areas is also augmenting the market growth. Apart from this, the inflating need for specialized garments, such as ski suits, swimsuits, leotards, etc., is anticipated to fuel the sportswear market over the forecasted period.

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Sportswear Market Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Adidas AG
• Anta Sports Products Limited
• ASICS Corporation
• Columbia Sportswear Company
• Fila Inc.
• Lululemon Athletica Inc.
• New Balance Athletics Inc.
• Nike Inc.
• Patagonia Inc.
• Puma SE
• Under Armour Inc.

The report has segmented the market on the basis of end use industry.

Breakup by Product:

• Shoes
• Clothes

Breakup by Distribution Channel:

• Online Stores
• Retail Stores

Breakup by End User:

• Men
• Women
• Kids

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)

Key highlights of the report:

• Market Performance

• Market Outlook

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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