Press release
Sports Apparel Market Analysis: Projected Growth to Reach $337.2 Billion by 2030
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐClothing made specifically for sports and physical activity is known as sports apparel. The majority of sports require sportswear for comfort and activity-specific safety features. Sports apparel encompasses a variety of clothing items, including leotards, swimsuits, wetsuits, tracksuits, shorts, T-shirts, polo shirts, and ski suits. In this sports apparel market, specialized footwear such as ice skates, football boots, riding boots, and trainers are crucial. Sportswear, which combines fashion and utility, has found a home in casual settings beyond its practical applications.
Leisure wear is becoming more and more popular as a result of shifting consumer preferences brought about by economic evolution and rising disposable income. With consumer preferences serving as the primary motivator, the sports apparel market is meeting the growing need of consumers by offering a variety of clothing tailored to their individual preferences. Another factor contributing to the market's rising demand for sportswear is consumers' increased emphasis on leading active lifestyles and their expanding awareness of health and fitness.
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/83971/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's apparel market was estimated at USD 6.52 billion in 2023, with projections to reach USD 8.4 billion by 2030, growing at a CAGR of 3.69%. The country's economic growth and low labor costs make it an attractive location for manufacturing. Strategic trade agreements enhance export potential, while the rise of e-commerce provides new sales channels.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's sports apparel market is experiencing growth due to increasing participation in sports and fitness activities. The government's initiatives to promote a healthy lifestyle have further boosted the demand for sportswear. Local brands are expanding their product lines to cater to the growing market, while international brands are strengthening their presence through collaborations and partnerships.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
In Japan, the sports apparel market is witnessing a shift towards high-performance and technologically advanced products. Consumers are increasingly seeking apparel that offers moisture management, temperature control, and enhanced comfort. The market is also seeing a rise in demand for sustainable and eco-friendly products, prompting brands to adopt sustainable practices in their manufacturing processes.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's sports apparel market is characterized by a high level of competition among domestic and international brands. The market is witnessing consolidation as companies engage in mergers and acquisitions to strengthen their market position and expand their product offerings. For instance, major sportswear brands are acquiring local manufacturers to enhance their production capabilities and meet the growing demand for sports apparel.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/83971/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore serves as a hub for the sports apparel market in Southeast Asia, with consumers showing a preference for premium and high-quality products. The market is evolving with the introduction of innovative products that cater to the urban lifestyle, blending functionality with fashion. Brands are focusing on digital marketing strategies and e-commerce platforms to reach the tech-savvy population.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States continues to be a significant market for sports apparel, driven by a strong sports culture and increasing health consciousness among consumers. The market is witnessing growth in the athleisure segment, with consumers preferring versatile apparel suitable for both athletic and casual wear. Brands are investing in research and development to introduce innovative products that meet the diverse preferences of consumers.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's sports apparel market is experiencing growth due to the rising popularity of outdoor activities and fitness trends. Consumers are increasingly adopting active lifestyles, leading to higher demand for sports apparel. The market is also seeing a shift towards sustainable products, with brands focusing on eco-friendly materials and ethical manufacturing practices to cater to the environmentally conscious consumers.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
JD Sports Fashion's U.S. Expansion: JD Sports Fashion reported increased revenue and adjusted profit in its fiscal first half, driven by its expanding presence in the U.S. The company completed a significant $1 billion acquisition of Hibbett, enhancing its U.S. footprint.
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/83971/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
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. With 34.7% of global sales in 2023, the US accounted for the largest regional Sports Apparel market in the Top Wear category.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Men
Women
Children
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Online
Offline
Franchised Sports stores
Brand Outlets
Independent Sports stores
Others
๐๐จ ๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/sports-apparel-market/83971/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฉ๐ฉ๐๐ซ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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.)
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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