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Pulished Date September, 2021
ID: 12121
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Sports Apparel Market segmented by Sport (Basketball, Soccer, Baseball, and Others), By End User (Women, Men, Children), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online Stores, Others), and by Geography ¬– Size, Share & Trends (2021-2026)

Pulished: September, 2021
ID: 12121
Pages: 175

Sports Apparel Market Size & Growth (2021-2026):

The Sports Apparel Market was valued at USD 470.4 billion in 2021 and is expected to reach USD 817.2 billion by 2026, at a CAGR of 7.2% during the forecast period 2021-2026.

Consumers' increased income and ability to spend have allowed them to emphasize health and wellness. As people become more aware of their health, they will be more likely to use Sports Apparel, which will drive the market. 

Customers are encouraged to participate in various physical activities such as swimming, aerobics, yoga, and running. Sales of sports apparel are predicted to skyrocket. Meanwhile, the desire to keep a sporty appearance and keep up with the newest fashion trends is fueling growth in the Sports Apparel market.

Sports apparel is the clothing worn during participating in the sports and physical activities like yoga, workout in the gym, and others. These apparel are made up of specific fabric and specially designed for sports and physical activities. Sports apparel varies with different sports and is made from different materials as per the sports requirement. 

Market Scenario:

The sports apparel market is one of the world's most globally linked industries, yet its volatile nature makes it difficult for brand owners to prosper in the face of severe industry competition. Due to growing significance in enhancing athletes' overall performance levels, participants in the sports apparel market have begun to pay greater attention to innovation and development in the design of apparel. As a result of these factors, the sports apparel industry is expected to rise.

Sports Apparel Market Drivers and Restraints:

Increasing awareness in the people about personal health and fitness increases consumers' demand for sports apparel. Over the forecast period, the market is expected to be driven by increased women's engagement in various sports and fitness activities. Increased fashion in sports apparel will lead to market growth, especially in the women segment. Consumers have shown a willingness to spend more on Sports Apparel with better features such as moisture control, temperature control, and other performance-enhancing characteristics that reduce pain and potential injury. Fashionable sports apparel is in high demand as it is multipurpose, convenient, fashionable, and can be worn for a variety of circumstances.

The sports media sector spends a lot of money on advertising, celebrity brand ambassadors, and social media influencers, which has a big impact on getting people to exercise.

Increasing fake products with well-known brand names are becoming restraints for market growth. Sports gear with large initial investments and costs can stifle worldwide growth.

Recent Developments:

Sports giants are extensively investing in the innovation and development of sports apparel to improve product quality. By using varieties of materials, companies are focusing on developing higher-quality fabrics with improved functionality. Various brands have recently launched athleisure Sports Apparel, which is becoming a market trend, and developments are going on with athleisure wear as consumers are more like such products. 

Major Challenges in the marketplace:

The high cost of sports apparel, growing grey market products, stringent government regulations to textile industries, increasing sustainable alternatives to traditional textile manufacturing, owing to their growing environmental consciousness and the negative consequences the fashion sector has on the environment are acting as major challenges for the market growth.

Competition in the marketplace:

The global Sports Apparel market is fragmented, with only a few significant worldwide and regional companies. The development of end user-specific gear is a priority for global key players in the sports apparel market. At the same time, new entrants are taking this challenge and focusing on better quality products with lower prices.

SPORTS APPAREL MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021–2026

Base Year

2020

Forecast Period

2021-2026

CAGR

7.2%

Segments Covered

  • By Sport
  • By End-User
  • By Distribution Channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Adidas, Nike, Puma, Columbia Sportswear, Anta International Group Holdings Ltd., Under Armour, Lululemon Athletica, Li Ning Company Limited, VF Corporation, Amer Sports Corporation.

Market Segmentation:

Sports Apparel Market By Sport:

  • Basketball

  • Soccer
  • Baseball
  • Football
  • Others

By sports, the market is mainly categorized into basketball, soccer, baseball, football, and others. Other sports sub-segment holds the largest share of the market. The increasing fanbase of various sports players, mainly football players, leading to increased sales of main t-shirts is expected to grow during the forecast period. 

Sports Apparel Market By End-User:

  • Women

  • Men
  • Children

Because of males' high level of engagement in sports activities, the men's section is expected to dominate the market during the forecast period as it holds around 50% of the market share. The women sub-segment is expected to grow at a CAGR of 5.6% during the forecast period.

Sports Apparel Market By Distribution Channel:

  • Hypermarket/Supermarket
  • Specialty Stores
  • Online Stores
  • Other

By distribution channel, the market is divided into offline and online categories. The offline segment is expected to grow at a higher rate than the online due to discounts, offers, and promotional activities conducted by supermarkets, specialty stores. 

The online store segment is also expected to witness notable growth due to the rise in the e-commerce segment during the forecast period.

Sports Apparel Market-by Geography:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • The Middle East and Africa  

In the European population, football fans are rising at a very high rate due to the presence of football league, so the T-shirts sale is expected to rise in Europe in the forecast period. Because of the high demand for sports apparel in Europe, Germany dominates the industry. In addition, most of the modern technology-based sports apparel is released in the region.

Asia Pacific region is expected to be the fastest-growing sports apparel market in the world during the forecast period. Because of nations like China and India, which have a higher number of young people, Asia-Pacific is the fastest-growing region in the global sports apparel market. China is dominating the Asia Pacific market due to the gaining popularity of e-commerce in the region and China’s increasing population.

South America, the Middle East, and Africa's sports apparel market is growing at a significant rate due to increasing awareness of individual health and being physically active. People have been forced to adopt a variety of activities as a form of exercise due to frantic working hours and rising health concerns.

COVID 19 impact on the Sports Apparel Market:

In 2020, the worldwide sports apparel market was severely impacted by the COVID-19 epidemic, with most businesses reporting lower sales. Outdoor activities and home workouts both showed a surge in popularity. COVID-19 pandemic affected the sports apparel market by various means like it directly affected production due to lack of labor force, demand is also decreased due to economic disturbance of consumers. Supply chain management is also disrupted. The financial impact is also seen on businesses.

Major Key Players in the Market:

  • Adidas
  • Nike
  • Puma
  • Columbia Sports-wear
  • Anta International Group Holdings Ltd.
  • Under Armour
  • Lululemon Athletica
  • Li Ning Company Limited
  • VF Corporation
  • Amer Sports Corporation

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Sports Apparel Market, By Sport                       

                                6.1.1 Basketball

                                6.1.2 Soccer       

                                6.1.3 Baseball    

                                6.1.4 Football    

                                6.1.5 Others      

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Sports Apparel Market, By End User                               

                                6.2.1 Women    

                                6.2.2 Men           

                                6.2.3 Children   

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Sports Apparel Market, By Distribution Channel                        

                                6.3.1 Hypermarket/Supermarket             

                                6.3.2 Specialty Stores    

                                6.3.3 Online Stores         

                                6.3.4 Other        

                                6.3.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Sport   

                                7.2.3 By End User            

                                7.2.4 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Sport   

                                7.3.3 By End User            

                                7.3.4 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Sport   

                                7.4.3 By End User            

                                7.4.4 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Sport   

                                7.5.3 By End User            

                                7.5.4 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Sport   

                                7.6.3 By End User            

                                7.6.4 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Adidas                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Nike                               

                8.3 Puma                            

                8.4 Columbia Sports-wear                           

                8.5 Anta International Group Holdings Ltd.                          

                8.6 Under Armour                          

                8.7 Lululemon Athletica                

                8.8 Li Ning Company Limited                      

                8.9 VF Corporation                         

                8.10 Amer Sports Corporation                   

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • A segment-level analysis in terms of Type Of Vitamins, Livestock Type, and Function along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironmental factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sports Apparel Market By Region, From 2021-2026 ( USD Billion )
  2. Global Sports Apparel Market By Sport, From 2021-2026 ( USD Billion )
  3. Global Basketball Market By Region, From 2021-2026 ( USD Billion )
  4. Global Soccer Market By Region, From 2021-2026 ( USD Billion )
  5. Global Baseball Market By Region, From 2021-2026 ( USD Billion )
  6. Global Football Market By Region, From 2021-2026 ( USD Billion )
  7. Global Others Market By Region, From 2021-2026 ( USD Billion )
  8. Global Sports Apparel Market By End User, From 2021-2026 ( USD Billion )
  9. Global Women Market By Region, From 2021-2026 ( USD Billion )
  10. Global Men Market By Region, From 2021-2026 ( USD Billion )
  11. Global Children Market By Region, From 2021-2026 ( USD Billion )
  12. Global Sports Apparel Market By Distribution Channel, From 2021-2026 ( USD Billion )
  13. Global Hypermarket/Supermarket Market By Region, From 2021-2026 ( USD Billion )
  14. Global Specialty Stores Market By Region, From 2021-2026 ( USD Billion )
  15. Global Online Stores Market By Region, From 2021-2026 ( USD Billion )
  16. Global Other Market By Region, From 2021-2026 ( USD Billion )

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