openPR Logo
Press release

Sports and Fitness Wear Market to Reach $89.94 Billion by 2028 with 6% CAGR Growth Driven By Sustainability and Innovation

06-17-2024 07:45 PM CET | Sports

Press release from: The Business Research Company

Sports And Fitness Wears Market Report

Sports And Fitness Wears Market Report

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Sports And Fitness Wears Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $89.94 billion In 2028 At A CAGR Of 6%:

The sports and fitness wear market size has grown strongly in recent years. It will grow from $67.58 billion in 2023 to $71.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to fitness and health awareness, athleisure trend, celebrity endorsements and influencer culture, technological innovations, and e-commerce growth.

The sports and fitness wear market size is expected to see strong growth in the next few years. It will grow to $89.94 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to sustainability and ethical practices, digitalization and personalization, emerging markets, health and wellness trends, innovation in performance wear. Major trends in the forecast period include rise of direct-to-consumer (DTC) brands, focus on inclusivity and diversity, expansion of sustainable product lines, integration of augmented reality (AR) and virtual reality (VR), health monitoring and fitness tracking.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15477&type=smp

Sports And Fitness Wears Market Major Segments
The sports and fitness wears market covered in this report is segmented -
1) By Product: Top Wear, Bottom Wear, Support Items
2) By Application: Outdoor, Sports-Inspired, Performance
3) By End User: Men, Women

Key Driver - Increasing Sports Participation Energizes The Sports And Fitness Wear Market

The increasing focus on sports participation drives the sports and fitness wear market. Sports participation refers to the engagement of individuals in various sports and physical activities, including both organized and recreational sports. Sports and fitness wear provide practical benefits such as performance enhancement, injury prevention, and psychological and social advantages for athletes. For instance, in February 2023, according to the Sports & Fitness Industry Association (SFIA), a US-based trade association dedicated to promoting the sports and fitness industry, a total of 236.9 million Americans, representing 77.6% of the population, engaged in at least one sport activity, marking a 1.9% increase compared to 2021. Moreover, pickleball remains the fastest-growing sport, with participation nearly increasing by 85.7% year-over-year and by an astonishing 158.6% over three years. Therefore, increasing focus on sports participation will propel the growth of the sports and fitness wear market going forward.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15477&type=smp

Prominent Trend - Customized Physical Running Shoes Revolutionizes The Industry

Major companies operating in the sports and fitness wear market focus on personalized activewear options, such as customized physical running shoes, to cater to individual preferences and offer unique, tailor-made consumer experiences. Customized physical running shoes are shoes that have been tailored to meet a customer's specific needs or preferences. For instance, in November 2022, ASICS Corporation, a Japan-based sportswear company, launched a new ASICS x Solana UI Collection featuring custom-made GT-2000 11 running shoes. The collection consists of customized GT-2000 11 running shoes, available in two designs, light mode and dark mode. These shoes are exclusively designed for everyday activity and are available for purchase globally using USDC on Solana Pay. The ASICS x Solana UI Collection was launched as part of ASICS' Web3 strategy, which aims to create world-class experiences that get the global Web3 community moving.

Sports And Fitness Wears Market Players
Major companies operating in the sports and fitness wears market are Nike Inc., Adidas AG, Decathlon Group, The Gap Inc., Kappa, VF Corporation, Puma SE, Anta Sports Products Limited, Lululemon Athletica Inc., Skechers USA Inc., Ralph Lauren Corporation, Hanesbrands Inc., Under Armour Inc., New Balance Athletics Inc., Li Ning Company Limited, ASICS Corporation, Columbia Sportswear Company, Deckers Outdoor Corp., Fila Holdings Corp., Wolverine World Wide Inc., Mizuno Corporation, Brooks Sports Inc., Iconix International, Reebok International Limited, Patagonia Inc., Karhu Holding BV, Umbro International Limited

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/sports-and-fitness-wears-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the sports and fitness wears market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports and fitness wears market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sports And Fitness Wears Market Report Structure
3. Sports And Fitness Wears Market Trends And Strategies
4. Sports And Fitness Wears Market - Macro Economic Scenario
5. Sports And Fitness Wears Market Size And Growth
…..
27. Sports And Fitness Wears Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Sports and Fitness Wear Market to Reach $89.94 Billion by 2028 with 6% CAGR Growth Driven By Sustainability and Innovation here

News-ID: 3541951 • Views:

More Releases from The Business Research Company

Social Sciences And Humanities Services Market Expands Rapidly with 12.1% CAGR, Forecasted to Reach $98.61B by 2028 - Driven by Methodological Advancements
Social Sciences And Humanities Services Market Expands Rapidly with 12.1% CAGR, …
The new report published by The Business Research Company, titled "Social Sciences And Humanities Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the social sciences and humanities services market size has grown rapidly in recent years. It
Smart LED Bulbs Market to Reach $34.57B by 2028, Driven by Rapid Adoption of Wi-Fi-Enabled Technology - TBRC Report
Smart LED Bulbs Market to Reach $34.57B by 2028, Driven by Rapid Adoption of Wi- …
The new report published by The Business Research Company, titled "Smart LED Bulbs Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the smart led bulbs market size has grown exponentially in recent years. It will grow from $13.8
Economic Growth Drives Sign Market Expansion to $170.1B by 2028 at 6.0% CAGR - TBRC Report
Economic Growth Drives Sign Market Expansion to $170.1B by 2028 at 6.0% CAGR - T …
The new report published by The Business Research Company, titled "Sign Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the sign market size has grown strongly in recent years. It will grow from $126.28 billion in 2023 to
TBRC Report: Securities Brokerage and Stock Exchange Services Market to Reach $2807.24B by 2028 at 7.8% CAGR
TBRC Report: Securities Brokerage and Stock Exchange Services Market to Reach $2 …
The new report published by The Business Research Company, titled "Securities Brokerage And Stock Exchange Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the securities brokerage and stock exchange services market size has grown strongly in recent

All 5 Releases


More Releases for Sports

Sports Tourism Market to Witness Massive Growth| ITC Sports Travel, Sports Tours …
A latest study released by HTF MI on Global Sports Tourism Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Sports Tourism market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are BAC
02-18-2019 | Sports
Orbis Research
Sports Tourism Market 2019 - BAC Sport, Great Atlantic Sports Travel, ITC Sports …
Global Sports Tourism Market 2019-2023: With the rise in Global Sports Tourism Market, the need for niche Market has grown by a staggering rate. This has resulted in a major push in the Global Sports Tourism    Market Industry Market. With Global Sports Tourism    Market gaining traction across the globe including the developing Markets of APAC and Africa, many software providers have jumped onto the software bandwagon to develop and provide Global
Big Boom in Global Sports Tourism Market 2018: BAC Sport, Great Atlantic Sports …
A professional survey done by Report Consultant has formulated a report titled “Global Sports Tourism Market”, which instills a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a clear idea of all the business strategies incorporated by the key players, which is helping them regulate their trade success. It serves a reliable business tool helping the reader to understand the global
09-21-2018 | Sports
ReportsWeb
Sports Tourism Market Breakdown of Leading Market Player’s 2018-2022: Great At …
ReportsWeb.com has announced the addition of the “Global Sports Tourism Market Size Status and Forecast 2018-2022” The report classifies the global Sports Tourism Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Sports Tourism market, analyzes and researches the Sports Tourism development status and forecast in United States, EU, Japan, China, India and Southeast
Professional Sports Leagues Dominate U.S. Licensed Sports Merchandise Market By …
"The Report US Licensed Sports Merchandise Market: Trends, Opportunities and Forecasts (2016-2021) (By Segment - Sports Apparel, Sports Footwear, Sports Equipment -Videogames, Sporting goods and Toys; By Leagues - NFL, NBA, MLB, NHL; By Key Players - Competitive Landscape) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" MarketResearchReports has announced the addition of a new research report providing an executive-level blueprint
China Sports Market (Sports Apparel, Sports Footwear, Sports Equipment) & Foreca …
China Sports Market Overview China sports market is expected to be more than US$ 100 Billion industry by the year 2020. To achieve this impressive growth China sports market is expected to grow with double digit CAGR. In the year 2010 Sports Apparel used to be the biggest market, but by 2015 Sports Equipment has overtaken Sports Apparel market. Company sales are highly fragmented and no single company holds double digit