Sportswear Market Key Players, End User Demand and Analysis Growth Trends by 2030

Global Sportswear Market to witness growth at a CAGR of 11.2% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 9.6% during the previous forecast period of 2018 to 2021.

Sportswear refers to apparel and accessories worn when participating in physical activity or playing a sport. This is clothing that is especially made for sporting activities, such as employing materials that are thin, stretchy, and easily absorb perspiration. Like any clothing, sportswear includes a wide range of items, from t-shirts and shorts to athletic shoes and swimsuits. In addition to clothing for the upper and lower body, it also contains footwear and equipment for various sports, such as knee pads and helmets.
Clothing and footwear worn during sports or other physical activity are referred to as sportswear or activewear. With rapid innovation and an increase in global health consciousness, the forecast for the sportswear business is favourable.
The global demand for sportswear is rising as more individuals participate in a variety of sporting events like football, cricket, and tennis. Some of the key drivers propelling the worldwide sportswear industry include the rise in disposable income, consumers' high purchasing power, and their increased propensity to buy comfortable clothing. Due to lifestyle disorders and high workplace stress, consumers are becoming more and more concerned with their physical health.

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Research Methodology
To ascertain segment features, qualitative and quantitative data, and the market growth drivers, secondary research is conducted. Press announcements, yearly reports from businesses, websites run by the government, and market research reports served as secondary sources for the study. Quantitative and qualitative information is also culled from paid databases like Reuters, Bloomberg, Hoovers, and others. Secondary research that is undertaken at the primary level is validated by primary research. The most popular technique for determining an accurate market size is called bottom-up market sizing. In this method, the macro and micro perspectives of all potential customers, revenue, and the current market are evaluated as a whole. However, the study is also conducted by considering micro level segments that can be realistically targeted and computed, leading to improved results.

Global Sportswear Market - Segmentation
The global sportswear market is segmented based on product type, distribution channel and end user.
Based on product type, the market is segmented into,
• Shoes
• Clothes

Based on distribution channel type, the market is segmented into,
• Online
• Offline

Based on end user type, the market is segmented into,
• Men
• Women
• Kids

Global Sportswear Market - Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Sportswear Market - Key Market players
Nike; Inc.; Adidas AG; LI-NING Company Ltd; Umbro Ltd.; Puma SE; Inc.; Fila; Inc.; Lululemon Athletica Inc.; Under Armour; Columbia Sportswear Company; Anta Sports Products Ltd.; Inc are the major players that are driving the growth of the market during the forecast period.

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