Press release
India's Sports Apparel Market Set to Triple by 2030 Amid Fitness Boom
The India sports apparel market is experiencing significant expansion, driven by increasing health awareness and a burgeoning interest in fitness activities. Valued at USD 673.34 million in 2023, the market is projected to reach approximately USD 1,926.10 million by 2030, reflecting a compound annual growth rate (CAGR) of 16.2% during the forecast period.
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► Market Dynamics and Growth Drivers
The surge in demand for sports apparel is attributed to several factors:
• Shift to Athleisure: Consumers are increasingly favoring versatile clothing that combines comfort with style, leading to a rise in athleisure wear.
• E-commerce Expansion: Online platforms have made sports apparel more accessible, with tier-2 and tier-3 cities showing notable increases in demand.
• Health and Fitness Trends: The pandemic has heightened awareness around health, prompting more individuals to engage in fitness routines and, consequently, invest in appropriate apparel.
► Competitive Landscape
The market features a mix of international and domestic brands striving to capture market share. Notable companies include Adidas India Marketing Private Limited, Puma Sports India Private Limited, Nike India Private Limited, Under Armour India Trading Private Limited, and ASICS India Private Limited. These brands are focusing on expanding their product lines and enhancing their online and offline presence to meet the growing consumer demand.
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► Regional Demand Insights
North India leads in sports apparel sales, bolstered by the popularity of cricket and events like the Indian Premier League (IPL). Meanwhile, South India is emerging as a fitness hub, with cities like Bengaluru reporting significant sales growth.
► Country-Specific Developments
• Vietnam: Opportunities in Sports Apparel Manufacturing
Vietnam has become a key manufacturing hub for sports apparel, attracting investments from global brands seeking cost-effective production and skilled labor.
• Thailand: Growth in Sportswear Exports
Thailand's textile industry is experiencing growth in sportswear exports, driven by advancements in fabric technology and sustainable production practices.
• Japan: Trends in Sports Fashion
Japan is witnessing a fusion of traditional fashion with sportswear, leading to innovative designs that cater to both performance and style-conscious consumers.
• South Korea: Consolidation in Sports Apparel Retail
South Korea's sports apparel market is seeing consolidation, with major retailers acquiring smaller brands to diversify their offerings and strengthen market presence.
• Singapore: Updation of Sports Apparel Standards
Singapore is updating its apparel standards to align with international performance and sustainability benchmarks, enhancing the competitiveness of locally produced sportswear.
• United States: Opportunities in Sustainable Sportswear
The U.S. market is experiencing a surge in demand for sustainable sportswear, prompting brands to innovate with eco-friendly materials and production methods.
• China: Growth in Domestic Sports Brands
China's domestic sports brands are gaining popularity, driven by national pride and increased investment in product quality and design.
• Europe: Trends in Athleisure Adoption
European consumers are increasingly embracing athleisure, blending sportswear with everyday fashion, leading to collaborations between sports brands and high-end designers.
► Recent Developments
• Decathlon Sports India Pvt Ltd. has announced plans to increase its number of stores to 190 by 2026 and aims to produce 85% of its products locally, reflecting its commitment to the Indian market.
• Page Industries, the Indian licensee for Jockey and Speedo, reported a substantial increase in profit, driven by robust demand for athleisure wear, highlighting the growing consumer preference for comfortable and versatile clothing.
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India Sports Apparel Market Classifications
by Product Type
Track Pants & Tights
Sports Vests
T-shirts
Sweatshirts
Others
by End Users
Women
Men
Kids
by Distribution Channel
Online
Offline
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/india-sports-apparel-market/77721/
The following companies are included in the market for India Sports Apparel :
1. Adidas India Marketing Private Limited
2. Ralph Lauren Corporation
3. Puma Sports India Private Limited
4. Nike India Private Limited
5. Under Armour India Trading Private Limited
6. ASICS India Private Limited
7. Decathlon Sports India Pvt Ltd.
8. Shiv-Naresh Sports Private Limited
9. Skechers Retail India Private Limited
10. Cosco Sports
11. Nivia
12. Tyka
13. Sareen Sports
14. Alcis Sports
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