Sports Apparels Market Size in 2022 | Business Forecast up to 2028 with Strong Data Source & Driving Forces

Market Overview:
The Sports Apparels Market was valued at USD 190.15 Billion in 2021 and is expected to reach USD 270.25 Billion by the year 2028, growing at a CAGR of 5.15% from 2022 to 2028.

Sportswear is clothing that is worn during physically demanding activities like workouts or competitive sports. They are made with comfort and agility for performing physical actions in mind. Sports clothing is made from breathable materials that enable perspiration to escape more quickly, keeping the wearer fresher for longer. Some of the materials that are most frequently utilized in the creation of these garments are polyester, microfiber, calico, and spandex. The majority of people who wore sports apparel at first were athletes, but over time, normal gym members and other non-athletes started wearing it as well. While rising nations like China, Brazil, and India are adopting sportswear at a much slower rate than developed nations like the U.S., Canada, and Germany.

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Market Dynamics:
Driver:
Because they are adaptable, practical, fashionable, and can be worn for a variety of occasions, fashionable sports apparel is becoming more and more in demand. Key players in the market under study have benefited from this increased emphasis on style by introducing novel, technologically cutting-edge products that are both comfortable and practical to meet the current demand, which has in turn enhanced their profitability. Due to the growth of the wealthy population, sports apparel has been taking off in emerging economies. Consumers' growing acceptance of fitness activities like yoga, swimming, and aerobics as well as their growing health consciousness also contribute to the market's expansion. Additionally, the increase in girls participating in sports and fitness activities. These are the major driving factors to market.

Opportunities:
The Olympic and Paralympic Games, as well as the continued popularity of outdoor and home-based sports, present the biggest chances for growth in the sports industry. During the projection period, it is expected that outdoor individual sports, at-home exercise, yoga, e-sports, and virtual racing will all continue to be popular, these are the future opportunities for Sports Apparel.

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Segmentation Analysis Of Sports Apparels Market
By type, shorts and tights are expected to have the maximum market share in the sports apparel market, during the projected period. Shorts and tight are used by men while performing many sports activities. Tights are wearable under the shorts. For instance, tights provide a barrier between the skin and the basketball court and support the skin of the wearer from a lot of painful rubs and burns. One benefit of wearing tights is it helps to increase blood flow. Increasing blood flow can get more oxygen to the muscles which is incredibly important for athletes. Muscles require a sufficient amount of oxygen to perform, so the more oxygen in the blood, the better individual can perform and tights play an important role. Additionally, tights are used while working out to support and stabilize muscles while training. It helps to speed up the muscle repair process and reduces muscle fatigue after workouts. Tights and shorts are used by individuals while performing different sports and gyms to boost the sports apparel market during the projected period.
• Shorts & Tights
• Tracksuits
• T-Shirts

By end-user, the men's segment is expected to lead the sports apparel market during the forecast period. Participation of men in sports activities is comparatively high so this segment is grabbing maximum market share in the sports apparel market. In addition to this, the target market for sports apparel is the youth and adults between the age range of 15-36, and the number of men in this segment is greater than the number of women due to this high consumer base helping to increase the sales of men sports apparel and collect the large revenue. Moreover, a variety of products is available for the men's segment in the market such as shorts, tights, t-shirts, pants, and jackets. The large range of products is available in different colors, designs, and price ranges according to the demand of the sport and the preference of the players. This propels the demand for the sports apparel market.
• Men
• Women
• Children

By platform, the offline segment is predicted to expand the most in the sports apparel market during the forecast year. The offline purchase rate of sports apparel is higher by comparing with online due to the availability of stores providing sports apparel. Supermarkets, hypermarkets, retail stores, brand outlets, and discounted stores are the most popular destinations for buyers to shop sports apparel. Offline distribution channels offer discounts and sales on various occasions to attract regular and new customers. In 2021, Nike operated a total of 1,048 retail stores throughout the entire world to provide effective services. It also provides physical trials and exchange offers for convenience that helps in the growth of the offline segment and ultimately the sports apparel market during the forecasted period.
• Online Stores
• Offline Stores

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Regional Analysis Of Sports Apparels Market
North America is expected to grow with a significant growth rate in the sports apparel market in the forecast period. In North America high disposable income allows people to spend more on personal care and materialistic products which helps in the growth of the sports apparel market in this region. High fashion standers and a higher presence of market leaders in this region provide growth to the sports apparel market. For instance, Nike, Inc. is a leader in sportswear and equipment suppliers based in the United States that was founded in January 1964. According to Statista Nike was the largest sporting goods company worldwide by revenue in 2021. Nike generated more than 44.5 billion U.S. dollars in revenue. This was followed by Adidas, whose revenue totaled approximately 24 billion U.S. dollars. In 2021, the sports apparel market value in the U.S. was approximately 103 billion euros.
The European region is expected to lead the sports apparel market during the forecast period. The market is growing in the European region due to the high spending on sports apparel. Changing consumer trends and customer demands have propelled the growth of the market in this region. In addition to this growing interest in health and wellbeing has led to increased participation in fitness activities that enhance the need for sports apparel and boost the sports apparel market during the projected period. The European population is more into the high fashion trends so there is a greater demand for clothes that are both stylish and comfortable which propels the growth of the market in this region.

The Asia Pacific is a region that is expected to lead the sports apparel market during the forecast period. The Asia Pacific region consists of a large young aged population which is the key consumer of sports apparel helps to enhance the business in this region. The countries like China and India contribute 36% of the world's population showing a high consumer base and helping to increase the consumption rate for the sports apparel market in this region. Moreover, People are more aware of their health, looks, appearance, fitness, and sport which propel the growth of the sports apparel market in this region. Additionally, the increasing demand from both women and men for sports apparel like t-shirts, pants, joggers, and shorts is supporting the growth of the sports apparel market during the forecasted period.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Sports Apparels Market
• Adidas (Germany)
• Nike(US)
• Puma (Germany)
• Billabong (Australia)
• Everlast Worldwide (US)
• GAP Inc (US)
• Fila Inc (South Korea)
• Lululemon Athletica Incorporation (US)
• New Balance Athletic Shoe, Inc (US)
• Decathlon (France)
• Amer Sports Corporation (France)
• Under Armour, Inc (US)
• Ralph Lauren Corporation (US)
• Umbro Ltd. (UK)
• Jockey International (US)
• Lotto Sport (Italy)
• Columbia Sportswear Company (US) and other major players.

Key Industry Developments In Sports Apparels Market
In November 2022, Stefan Olander launched a new era of sportswear with premium sports and fitness start-up Omorpho featuring products designed to strategically distribute weight across the body to improve fitness, speed, and power.

In February 2020, Sportswear giant Adidas launched an "extensive" new sports bra collection, featuring 43 new styles across 18 product franchises to better support the specific need.
Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By End-User
 3.3 By Platform

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Continue.

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