Sports Apparel Market to Reach USD 337.2 Billion by 2030 with 6.7% CAGR Growth

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐭 𝐭𝐨 𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐑𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

The Sports Apparel Market is experiencing a dynamic transformation with significant growth potential across various countries. The market was valued at USD 214.2 billion in 2023 and is projected to reach USD 337.2 billion by 2030, growing at a CAGR of 6.7% during the forecast period from 2024 to 2030. This press release explores the key developments, opportunities, and trends across Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe, while highlighting recent mergers, acquisitions, and leading company updates.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/83971/

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

The sports apparel market in Vietnam is witnessing exponential growth, fueled by an increasing fitness-conscious population and rising disposable incomes. Domestic and international players are investing heavily in Vietnam, with companies like Nike and Adidas expanding their retail presence. Recent collaborations between local suppliers and global brands have strengthened Vietnam's position in the supply chain for high-quality sportswear.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝:

In Thailand, the market is driven by innovation and sustainability. Eco-friendly fabrics and cutting-edge designs are gaining traction among consumers. Key players like Puma and Under Armour have introduced exclusive product lines tailored to the preferences of Thai consumers. Government incentives to boost domestic manufacturing are further enhancing market competitiveness.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐒𝐩𝐨𝐫𝐭𝐬𝐰𝐞𝐚𝐫 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧:

Japan remains a lucrative market for premium sportswear. Companies like Asics and Mizuno are leveraging advanced technology and traditional craftsmanship to develop superior products. The growing popularity of fitness regimes and sports events is creating a surge in demand for performance-oriented apparel.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

The sports apparel industry in South Korea is characterized by strategic mergers and acquisitions. Recent acquisitions by Fila Holdings and collaborations between local brands and international giants have resulted in market consolidation. The surge in e-commerce platforms has also provided significant growth opportunities.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞:

In Singapore, the market is evolving rapidly due to changing consumer preferences and a focus on active lifestyles. Key brands like Decathlon and Reebok are introducing versatile and stylish sportswear ranges. Government-supported wellness initiatives are further propelling market growth.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐀𝐭𝐡𝐥𝐞𝐢𝐬𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬:

The US sports apparel market continues to dominate globally, driven by the growing trend of athleisure. Leading companies like Lululemon Athletica and Under Armour are innovating with sustainable materials and personalized apparel options. High-profile collaborations and celebrity endorsements remain a strong driver of sales.

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐒𝐩𝐨𝐫𝐭𝐬𝐰𝐞𝐚𝐫 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞:

In Europe, sustainability is the dominant trend in the sports apparel market. Companies such as Adidas and Nike are leading the charge with recycled materials and zero-waste initiatives. The European Union's stringent regulations on environmental standards are influencing market dynamics positively.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/83971/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

𝐀𝐝𝐢𝐝𝐚𝐬 recently partnered with Vietnamese manufacturers to scale its production capacity in the region.
𝐍𝐢𝐤𝐞 acquired a South Korean startup specializing in AI-driven apparel design.
𝐔𝐧𝐝𝐞𝐫 𝐀𝐫𝐦𝐨𝐮𝐫 expanded its presence in Thailand through strategic collaborations with local distributors.
𝐏𝐮𝐦𝐚 announced its entry into the Japanese e-commerce market, targeting young fitness enthusiasts.
𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

Increasing adoption of AI and IoT in designing personalized sportswear.
The growing trend of eco-friendly and sustainable apparel globally.
Expansion of e-commerce platforms, offering consumers access to a diverse range of products.
𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝒃𝒚 𝑷𝒓𝒐𝒅𝒖𝒄𝒕

Top Wear
Bottom Wear
Support items
Others

The sports apparel market is separated into three product segments: support goods, bottom wear, and top wear. With a projected value of USD 81.2 billion as of 2023 and a projected compound annual growth rate (CAGR) of 5.2% over the course of the projection period, the Top Wear category dominated. Demand for sports apparel is greatly boosted by consumers' growing preference for sportswear in the Top Wear category when compared to other popular clothing products. Products like t-shirts, sweatshirts, sports vests, and sports hoodies are included in this category.

𝒃𝒚 𝑬𝒏𝒅 𝑼𝒔𝒆𝒓

Men
Women
Children

By the final user, The sports apparel market, which is divided into three segments-men, women, and children-offers an opportunity. With a projected sports apparel market value of USD 129.3 billion during the projection period, the men's segment now holds a dominant market share. Men's increased involvement in sports and physical activities, along with the growing need for fashionable yet cozy sportswear, are the main drivers of this expansion. In the meantime, the Women's category has encouraging development potential, with a projected CAGR of 7.19%. This expansion is fueled by factors including cultural changes and a rise in the number of women participating in sports, yoga, the gym, and physical activities. Since women make up a sizable share of runners, the women's category is expected to rise significantly over the next forecast period. The children's section is also adding to the potential expansion.

𝒃𝒚 𝑫𝒊𝒔𝒕𝒓𝒊𝒃𝒖𝒕𝒊𝒐𝒏 𝑪𝒉𝒂𝒏𝒏𝒆𝒍

Online
Offline
Franchised Sports stores
Brand Outlets
Independent Sports stores
Others

𝐅𝐨𝐫 𝐚 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐬𝐭𝐮𝐝𝐲, 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐭𝐨: https://www.maximizemarketresearch.com/request-sample/83971/

𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Nike Inc. (United State)
2. Decathlon Sports India Pvt Ltd (India)
3. Lululemon Athletica Inc.
4. New Balance. (United State)
5. Under Armour Inc. (Maryland)
6. V.F. Corporation (U.S.)
7. Columbia Sportswear Company (U.S.)
8. Puma Se (Germany)
9. Fila (Seoul)
10. Adidas AG (Germany)
11. Amer Sports (Finland)
12. DESCENTE LTD (Japan) Group Rossignol Inc. (U.S.)
13. Volcom, LLC. (U.S.)
14. SPYDER ACTIVE SPORTS (U.S.)
15. Halti Global Store. (Finland)
16. Under Armour Inc., (U.S.)
17. BOGNER (U.S.)
18. Trek Kit India (India)
19. Tube Pro, Inc. (Canada)
20. Airhead Sports Group (U.S.)
21. L.L. Bean Inc., (U.S.)

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