Sports apparel caters to diverse activities, offering specialised attire for running, yoga, and more. It prioritizes comfort and flexibility, utilising moisture-wicking fabrics to manage sweat for enhanced dryness during workouts. Breathability ensures proper airflow and design innovations support specific sports, aiding movement and performance. With versatile uses extending from gym sessions to outdoor adventures, sports apparel empowers athletes and fitness enthusiasts with functional and stylish attributes for active lifestyles.
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Data Bridge Market Research analyses that the Global Sports Apparel Market, which was USD 191.55 million in 2022, is expected to reach USD 294.64 million by 2030 and is expected to undergo a CAGR of 5.53% from 2023 to 2030. The surge in e-commerce enhances accessibility, providing a broader consumer base for sports apparel. Online shopping's convenience accelerates the reach, fostering increased engagement and sales in the sports apparel market.
Key Findings of the Study
Innovative fabric technology is expected to drive the market's growth rate
The integration of innovative fabric technologies, such as moisture-wicking, breathability, and temperature regulation, is a cornerstone in advancing comfort and performance in sports apparel. Swiftly drawing sweat away from the body, moisture-wicking materials maintain dryness. Improved breathability facilitates proper air circulation, minimising discomfort during intense workouts. Additionally, temperature-regulating fabrics adapt to varying conditions, ensuring optimal body temperature control and collectively enhancing modern sports attire's overall functionality and appeal.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Sport (Soccer, Basketball, Baseball, Others), Material (Natural, Synthetic), Type of Print (Water Based, Silicone Emboss, Reflective Transfer, Pigment, High Density, Foil, Glitter, Cracking Ink, Discharge, All Over Print, Photo Print, Others), Distribution Channel (E-Commerce, Supermarket/Hypermarket, Brand Outlets, Discount Stores, Others), End-User (Men, Women, Children)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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V.F. Corporation (U.S.), Columbia Sportswear Company (U.S.), Adidas (Germany), Amer Sports (Finland), DESCENTE LTD (Japan), Decathlon Sports India Pvt Ltd (India), Lafuma (France), Group Rossignol Inc. (U.S.), Volcom, LLC. (U.S.), SPYDER ACTIVE SPORTS (U.S.), Halti Global Store. (Finland), Under Armour Inc, (U.S.), BOGNER (U.S.), Trek Kit India (India), Tube Pro, Inc (Canada), Airhead Sports Group (U.S.), L.L. Bean Inc, (U.S.), Agit Global, Inc. (U.S.), Emsco Group (U.S.), Slippery Racer (U.S.), Gizmo Riders (U.S.), and Zipfy Inc, (Canada)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Segment Analysis:
The global sports apparel market is segmented on the basis of sports, material, type of print, distribution channel and end-user.
- On the basis of sports, the global sports apparel market is segmented into soccer, basketball, baseball, and others
- On the basis of material, the global sports apparel market is segmented into natural, synthetic. The synthetic segment is dominating the global sports apparel market with 56.84% market share because synthetic-based materials are widely used in sports apparel manufacturing due to their wide benefits. Synthetic-based sports apparel material is breathable also such type of material absorbs sweat quickly, which helps to keep the body cool during exercise, which helps to boost its demand in the forecast year
A synthetic segment of the material segment is dominating the global sports apparel market during the forecast period 2023 to 2030
The synthetic segment is dominating the global sports apparel market with a 56.84% market share due to lightweight designs, moisture-wicking properties, and enhanced durability. These characteristics resonate with consumers seeking high-performance and versatile athletic wear. Additionally, advancements in synthetic fabric technologies continually drive innovation, expanding the range of functionalities offered.
- On the basis of type of print, the global sports apparel market is segmented into water-based, silicone emboss, reflective transfer, pigment, high density, foil, glitter, cracking ink, discharge, all over print, photo print, and others. The water-based segment is dominating the global sports apparel market with 15.84% market share because the water-based type of printing is able to long-lasting thing prints with impeccable detail along with this, water-based printing is a special as well as difference which is highly demanded among consumers which helps to boost its demand in the forecast year
Water-based segment of type of print segment is dominating the global sports apparel market during the forecast period 2023 to 2030
The water-based segment is dominating the global sports apparel market with a 15.84% market share due to the dominance of the water-based segment in the sports apparel market stemming from its eco-friendly and sustainable attributes. With growing environmental consciousness among consumers, water-based materials align with the demand for greener options. These fabrics often exhibit reduced environmental impact during production and disposal.
- On the basis of distribution channel, the global sports apparel market is segmented into e-commerce, supermarket/hypermarket, brand outlets, discount stores, and others. The supermarket/hypermarket segment is dominating the global sports apparel market with a 30.61% market share because most end users purchase sports apparel from the supermarkets/hypermarkets. In the supermarkets/hypermarkets, end users found sports apparel relatively low prices as compared to other distribution channels, which helps to boost its demand in the forecast year
- On the basis of end-user, the global sports apparel market is segmented into men, women, and children. Men’s segment is dominating the global sports apparel market with 54.02% market share because more men are involved in participating in numerous types of sports which helps to boost its demand in the forecast year
Major Players
Data Bridge Market Research recognizes the following companies as the major global sports apparel market players in global sports apparel market are V.F. Corporation (U.S.), Columbia Sportswear Company (U.S.), Adidas (Germany), Amer Sports (Finland), DESCENTE LTD (Japan), Decathlon Sports India Pvt Ltd (India), Lafuma (France)
Market Developments
- In January 2023, Lululemon unveiled its presence across the Asia Pacific region by launching its new e-commerce platform, 'Lazada.' Alongside this initiative, the brand inaugurated its flagship store on Lazmall, marking Lululemon's inaugural foray into e-commerce collaborations in Asia
- In November 2022, Nike launched web3 innovation, "SWOOSH." This platform introduces clothing and shoes designed specifically for avatars, representing Nike's strategic move to enhance and extend its influence among the younger demographic. The initiative aligns with Nike's overarching goal of improving engagement and accessibility within this age group
- In September 2022, Lululemon Athletica Inc. launched the Lululemon Studio as part of a new initiative aimed at strengthening connections with customers. Accessible via the Lululemon Studio Mirror, app, and in-person engagements, the platform features collaborations with esteemed online studio brands such as AARMY, Y7 Studio, DOGPOUND, fostering a unique and interactive fitness community
- In September 2021, PUMA, the globally renowned sports brand, announced the Royal Challenger Bangalore (RCB) athleisure collection, aligning with their three-year strategic partnership with the franchise. This collaboration, established through a March 2021 contractual agreement, showcases PUMA's commitment to blending performance and style in exclusive sports apparel for RCB enthusiasts
- In September 2021, Champs and Eastbay Sports jointly announced the launch of the Eastbay Performance apparel line. This comprehensive collection includes a variety of compression products, such as training jackets, shorts, tops, tanks, tights, tees, and casual wear such as fleece pants and hoodies
Regional Analysis
Geographically, the countries covered in the global sports apparel market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in the global sports apparel market during the forecast period 2023 -2030
North America dominates the global sports apparel market, driven by a surging demand for athletic wear in the region. The U.S. takes the forefront, leading in both production and consumption. The escalating interest in sports and fitness, coupled with a culture embracing active lifestyles, fuels the continuous growth of the sports apparel market in North America.
Europe is estimated to be the fastest-growing region in the global sports apparel market during the forecast period 2023-2030
Europe is expected to dominate the global sports apparel market with the highest growth rate. The region experiences strong demand for sports apparel, fueling its ascendancy. The forecast period witnesses the launch of advanced technology-based sports apparel, further propelling market growth. As European consumers embrace fitness trends and cutting-edge athletic wear, the region emerges as a key driver, influencing the overall trajectory of the global sports apparel market.
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