Sportswear Market Size & Share Analysis, Growth Forecast Report 2024-2032

The global sportswear market size was valued at USD 193.89 billion in 2023. The market is anticipated to expand to USD 305.67 billion by 2030, exhibiting a CAGR of 6.72% over the estimated period. The rise is due to the growing popularity of the product on account of breathability and sweat-wicking capability.
Fortune Business Insights™ provides this information in its research report, titled "Sportswear Market, 2024-2030".

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sportswear-market-102571

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝗦𝗽𝗼𝗿𝘁𝘀𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:

‣ Puma SE (Germany)
‣ Umbro Ltd (U.K.)
‣ Adidas AG (Germany)
‣ Nike, Inc. (U.S.)
‣ Columbia Sportswear Company (U.S.)
‣ Under Armour, Inc. (U.S.)
‣ Anta Sports Products Limited (U.S.)
‣ Lululemon Athletica Inc. (Canada)
‣ Fila Holdings Corp (South Korea)
‣ Li Ning Company Limited (China)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝗦𝗽𝗼𝗿𝘁𝘀𝘄𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁

𝗔𝗽𝗽𝗮𝗿𝗲𝗹 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗗𝗼𝗺𝗶𝗻𝗮𝘁𝗲 𝗼𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝗛𝗶𝗴𝗵 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗗𝗲𝗺𝗮𝗻𝗱
Based on product type, the market is subdivided into apparel, footwear, and wearables. The apparel segment is poised to account for a dominating share in the market. This is due to the escalating product demand in numerous activities such as tennis, basketball, football, and others.

𝗠𝗲𝗻 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗘𝘅𝗵𝗶𝗯𝗶𝘁 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝗯𝗹𝗲 𝗦𝘂𝗿𝗴𝗲 𝗜𝗺𝗽𝗲𝗹𝗹𝗲𝗱 𝗯𝘆 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗧𝗿𝗲𝗸𝗸𝗶𝗻𝗴
On the basis of end-user, the market is subdivided into women, men, and children. The men segment is expected to dominate the market on account of increasing participation in outdoor activities. These include trekking, rock climbing, cycling, and others.

𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝘁𝗼𝗿𝗲𝘀 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗘𝘅𝗵𝗶𝗯𝗶𝘁 𝗔𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝗯𝗹𝗲 𝗦𝘂𝗿𝗴𝗲 𝗗𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗥𝗶𝘀𝗶𝗻𝗴 𝗣𝗼𝗽𝘂𝗹𝗮𝗿𝗶𝘁𝘆
Based on distribution channel, the market is segmented into retail stores and e-commerce stores. The retail stores segment is touted to depict substantial expansion throughout the forecast period. The surge is propelled by the escalating popularity of brands across the globe.
By geography, the market for sportswear is fragmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/sportswear-market-102571

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report gives an analysis of the major factors impelling the global market scenario over the forthcoming years. It further provides an overview of the pivotal steps undertaken by leading market players for strengthening their positions in the industry. These insights have been provided after in-depth research from credible sources.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗮𝗹𝘂𝗲 𝘁𝗼 𝗥𝗶𝘀𝗲 𝗼𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗙𝗲𝗺𝗮𝗹𝗲 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗦𝗽𝗼𝗿𝘁𝘀 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀
The sportswear market growth is being driven by an escalation in female participation in an array of sports domains such as basketball, athletics, football, and others. The industry expansion is further impelled by the growing popularity of female sporting events such as Women's FIH Hockey World Cup, ICC Women's World Cup, FIFA Women's World Cup, and others.
However, there has been an increase in counterfeit products such as leather goods, clothing, and footwear in various countries. This may hinder industry expansion to some extent.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/sportswear-market-102571

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝘁𝗼 𝗘𝗺𝗲𝗿𝗴𝗲 𝗣𝗿𝗼𝗺𝗶𝗻𝗲𝗻𝘁 𝗜𝗺𝗽𝗲𝗹𝗹𝗲𝗱 𝗯𝘆 𝗦𝘂𝗿𝗴𝗶𝗻𝗴 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗗𝗲𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁
North America is set to emerge dominant in terms of the sportswear market share over the forecast period. The surge is propelled by the growing product adoption across the region.
The Asia Pacific market is expected to depict considerable growth throughout the projected period. The rise is driven by the escalating investment in sports by government players.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗜𝗻𝗸 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗗𝗲𝗮𝗹𝘀 𝘁𝗼 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗙𝗼𝗼𝘁𝗶𝗻𝗴
Major market participants are implementing a range of strategic deals for strengthening the positions of their businesses. These include acquisitions, merger agreements, and the rollout of new solutions. Additional steps comprise an escalation in R&D activities and collaborations.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Sports Apparel Market
https://www.fortunebusinessinsights.com/sports-apparel-market-107401

Sports Optic Market
https://www.fortunebusinessinsights.com/sports-optic-market-106448

Sports Footwear Market
https://www.fortunebusinessinsights.com/sports-footwear-market-102216

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
February 2023 - Nike, Inc. launched Vaporfly 3 running shoes, which help athletes to run comfortably as they are lightweight. The launch would help the company in increasing its product line and revenue.

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This release was published on openPR.