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Sports Apparel - Global Market Outlook (2019-2027)

Sports Apparel - Global Market Outlook (2019-2027)

4.2 (36 reviews)
Published: November 2020 ID: SMRC20143
4.2 (36 reviews)
Published: November 2020 ID: SMRC20143

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Sports Apparel Market is accounted for $179.77 billion in 2019 and is expected to reach $313.54 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Some of the key factors propelling the market growth include growth in health awareness, increase in adoption of fitness activities such as aerobics, swimming, running, and yoga among consumers, and rise in affinity of consumers in emerging economies toward health and fitness. However, fluctuations in the prices of raw materials used to make these apparels restrain the market growth.

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Sports apparel are clothes worn during strenuous physical activities such as during workout sessions or while playing sports. They are designed in a way that provides comfort and agility while performing physical movements. Sports apparel are made using breathable material that allows sweat to evaporate faster, helping the person wearing it remain fresh for longer. Polyester, microfiber, calico, and spandex are some of the most commonly used fabrics in the production of these clothing. Initially, the sports apparel was mostly worn by athletes but, with time, it became quite common with regular gym-goers and other non-athletes.

By end user, the women segment is expected to have considerable market growth throughout the forecast period. This is due to growing participation of women in sports coupled with increased frequency of product launch, which directly caters the demand for women’s apparel.

On the basis of geography, the market in Asia Pacific is expected to show a significant growth during the forecast period, owing to improving living standards and rising disposable income especially in China and India. The increasing appetite for foreign brands, and rising disposable income, coupled with the desire to lead improved lifestyles are expected to positively impact the demand for sports apparel in the region. China, backed by government initiatives to encourage active participation in sports, is leading the market in the region.

Some of the key players in Sports Apparel Market include Puma SE, Under Armour, Inc., Umbro Ltd., Skechers USA, Lululemon Athletica Incorporation, Fila, Inc, Adidas AG, Nike, Inc., ASICS Corporation, New Balance Athletic Shoe, Inc., Ralph Lauren Corporation, Columbia Sportswear Company, Yonex Co., Ltd., Billabong International Limited, Li Ning Company Limited, VF Corporation, Jockey International, and Everlast Worldwide Inc.

Sales Channels Covered:
• E-commerce
• Independent Sports Outlet
• Franchised Sports Outlet
• Direct to Customer Institutional Channel
• Modern Trade Channels
• Direct to Customer Online Channel
• Retail Stores
• Specialty Stores
• Online Stores/Platforms

Product Types Covered:
• Socks
• Surf & Swimwear
• Tops & T-Shirts
• Hoodies & Sweatshirts
• Pants & Tights
• Shorts
• Jackets & Vests
• Coat
• Shirt
• Skirts

Sports Covered:
• Basketball
• Soccer
• Baseball
• Football
• Runner
• Outdoor

Price Ranges Covered:
• $0-$50
• $50-$100
• $100-$200
• Above $200

End Users Covered:
• Men
• Women
• Children

Applications Covered:
• Amateur Sport
• Professional Athletic

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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