Global Sportswear Market Outlook to 2028 – Featuring Adidas, Nike, PUMA and Under Armour, among others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Analysis Report of Sportswear Market Size, Share and Trends by End-User (Men, Women, Children), by Distribution Channel (In-Store, Online), by Region and Segment Forecast , 2022-2028” report has been added to from ResearchAndMarkets.com offer.
The global sportswear market size is expected to reach USD 451.10 billion by 2028. It is expected to grow at a CAGR of 5.8% from 2022 to 2028.
The Columbia Sportswear Company
Skechers USA, Inc.
Under Armour, Inc.
The growing popularity of contemporary apparel in the gym and for everyday activities is propelling the global industry forward. Consumers are increasingly adopting sports and fitness activities into their daily routines due to their increased health awareness and desire to stay healthy. The dynamics of the market have recently changed due to greater involvement, which has led to an increased demand for sportswear and sports equipment.
The increased participation of women in domestic and professional sports and fitness activities is expected to drive the market growth over the forecast period. The increasing convergence of sports and fashion has led to an increase in the availability of stylish sports equipment, which is expected to increase the interest of women and hence help in the growth of the market. Fashionable sportswear is in great demand as it is versatile, useful, trendy and can be worn for various occasions.
To meet this need, key companies in the market have introduced new, technologically complex items that are both enjoyable and useful, resulting in increased profitability. The growing awareness of the younger generation and millennials who are increasingly health conscious and indulging in activities such as yoga, sports, and gyms is driving the global industry forward. Additionally, partnerships and collaborations between celebrities and DTC and designer sportswear companies are driving this industry forward.
The COVID-19 outbreak had a significant influence on the global market in 2020. Due to the spread of the virus, most people were forced to stay indoors and perform their daily tasks from home . Individual outdoor activities and home exercises are increasingly popular.
Team and indoor sports have suffered from the postponement or cancellation of major sporting events. Another contributor to the surge in sportswear sales is advertisements from many organizations urging people to exercise at home during the initial wave lockdown period, when customers regularly need fitness clothing. more numerous and more recent. The demand for sportswear has increased accordingly.
Highlights of the Sportswear Market Report
North America held the largest share of revenue in 2021. The regional market is mainly driven by rising disposable income, rising demand for fashionable and fashionable apparel, and the presence of multiple manufacturers.
In 2021, the end-user segment was leading the global market. The growing popularity of stylish and fashionable sportswear among women is driving the segment
The online distribution channel segment is expected to show the highest CAGR of 7.2% during the forecast period. The growing number of mobile phone and Internet users and a hectic lifestyle will accelerate the expansion of the online platform
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
Chapter 3. Sportswear Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restriction Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business environment analysis
3.6. Sportswear market roadmap
3.7. Market entry strategies
3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Consumer trends and preferences
4.2. Factors affecting purchase decision
4.3. Consumer Product Adoption
4.4. Observations and Recommendations
Chapter 5. Sportswear Market: End User Estimates and Trend Analysis
Chapter 6. Sportswear Market: Distribution Channel Estimates and Trend Analysis
Chapter 7. Sportswear Market: Regional Estimates and Trend Analysis
Chapter 8. Competitive Analysis
8.1. Major Global Players, Recent Developments and Their Impact on the Industry
8.2. Categorization of main companies/competitors (key innovators, market leaders, emerging players)
8.3. Supplier Landscape
8.3.1. Market share analysis of key companies, 2021
Chapter 9. Business Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/rv4iqd