Sportswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 140 Pages I IMARC Group
Market Overview:
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.
Sportswear refers to informal clothing designed for comfort and playing sports. Tracksuits, tennis shirts, T-shirts, hoodies, shorts, polo shirts, and swimsuits are common sportswear mainly worn while participating in physical activities. Depending on the intensity and the type of sport, they can be manufactured using various flexible materials, such as cotton-polyester, nylon-spandex, cotton, polypropylene, polyester-spandex, and wool blend. Sportswear is commonly worn while playing golf, tennis, cricket, football, basketball, hiking, bicycling, and jogging. Compared to non-specific sportswear, it helps improve athletes' performance, prevents injury during exercise, provides extra comfort, reduces the delayed onset muscle soreness (DOMS), promotes the health of the wearer, and minimizes post-workout muscle cramps.
Sportswear Market Trends:
The growing participation in sports and fitness activities due to the rising incidences of work-related health conditions, such as stress and obesity, is driving the market growth. Additionally, the widespread product adoption to protect the wearer against environmental conditions during outdoor activities is favoring the market growth. Sportswear is made up of breathable fabrics that help to keep the body cool and provide ventilation. Moreover, the increasing awareness about the health benefits of fitness activities, such as swimming, yoga, running, and aerobics, is acting as another growth-inducing factor. Apart from this, the launch of fast-drying materials and t-shirts that can track heart rate and are made of lightweight infrared emitting fabrics using energy infrared technology that manages body heat and improve circulation is providing an impetus to the market growth. Furthermore, the widespread product utilization to enhance overall performance by supporting the right muscle groups during exercising and training and providing protection to the sensitive muscle areas is facilitating the market growth. Other factors, including rising expenditure capacities of consumers, increasing demand for trendy and comfortable sportswear, and growing demand for specialized garments, such as swimsuits, ski suits, and leotards, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sportswear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, distribution channel and end user.
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
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Under Armour Inc.
Key Questions Answered in This Report:
How has the global sportswear market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global sportswear market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sportswear market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Sportswear Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1Shoes
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Clothes
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1Online Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Retail Stores
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1Men
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Women
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Kids
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Adidas AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2Anta Sports Products Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3ASICS Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4Columbia Sportswear Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5Fila Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6Lululemon Athletica Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7New Balance Athletics Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8Nike Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9Patagonia Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10Puma SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11Under Armour Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
Figure 1: Global: Sportswear Market: Major Drivers and Challenges
Figure 2: Global: Sportswear Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sportswear Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Sportswear Market: Breakup by Product (in %), 2022
Figure 5: Global: Sportswear Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Sportswear Market: Breakup by End User (in %), 2022
Figure 7: Global: Sportswear Market: Breakup by Region (in %), 2022
Figure 8: Global: Sportswear (Shoes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Sportswear (Shoes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Sportswear (Clothes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Sportswear (Clothes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Sportswear (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Sportswear (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Sportswear (Retail Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Sportswear (Retail Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Sportswear (Men) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Sportswear (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Sportswear (Women) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Sportswear (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Sportswear (Kids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Sportswear (Kids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: United States: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: United States: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Canada: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Asia-Pacific: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Asia-Pacific: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: China: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: China: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Japan: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Japan: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: India: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: India: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: South Korea: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: South Korea: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Australia: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Australia: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Indonesia: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Indonesia: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Others: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Others: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Germany: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Germany: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: France: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: France: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United Kingdom: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United Kingdom: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Italy: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Italy: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Spain: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Spain: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Russia: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Russia: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Latin America: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Latin America: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Brazil: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Brazil: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Mexico: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Mexico: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Middle East and Africa: Sportswear Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Middle East and Africa: Sportswear Market: Breakup by Country (in %), 2022
Figure 70: Middle East and Africa: Sportswear Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Global: Sportswear Industry: SWOT Analysis
Figure 72: Global: Sportswear Industry: Value Chain Analysis
Figure 73: Global: Sportswear Industry: Porter's Five Forces Analysis
Table 1: Global: Sportswear Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Sportswear Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Sportswear Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Sportswear Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Sportswear Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Sportswear Market: Competitive Structure
Table 7: Global: Sportswear Market: Key Players
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