The Asia Pacific Sports Apparel Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,619.7 million units, showcasing a growth of 6.3% (2019-2022).
The application of these apparel extends across a spectrum of activities and lifestyles, catering to diverse consumer needs and preferences. Traditionally associated with specific sports and fitness routines, these apparels now span categories such as running, yoga, gym workouts, team sports, outdoor activities, and more. Each category comes with unique requirements, leading to the development of specialized sports apparel lines tailored to meet the demands of particular activities.
Additionally, in team sports, they serve as a performance-enhancing tool and a symbol of team identity and unity. Jerseys, shorts, and other team-specific gear contribute to athletic competition's overall camaraderie and spirit. The versatility of the apparel is evident in its application beyond the playing field – from hiking trails to urban streets, individuals embrace the comfort and functionality of these garments in various settings. Once a breakthrough, moisture-wicking fabrics have become standard, with continuous research leading to even more advanced solutions for temperature regulation and sweat management.
E-commerce platforms in the Asia Pacific region serve as expansive marketplaces, offering a diverse array of the brands and products. Virtually, consumers can peruse an extensive selection of options, encompassing both international athletic brands and regional and local competitors. India has one of the most rapidly expanding e-commerce sectors globally, according to the International Trade Administration, the value of Indian e-commerce was $46.2 billion in 2020 and is expected to grow by 18.29 percent to $136.47 billion by 2026. Therefore, the rising e-commerce sector in Asia Pacific will help expand the regional market.
The China market dominated the Asia Pacific Sports Apparel Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $28,091.3 Million by 2030. The Japan market is registering a CAGR of 5.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.6% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Discount Stores, Brand Outlets, Supermarket/Hypermarket, and E-Commerce. Based on End User, the market is segmented into Men, Women, and Children. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Sports Apparel Market is Predict to reach $313.8 Billion by 2030, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Under Armour, Inc., Adidas AG, Nike, Inc., PUMA SE (Groupe Artémis S.A.), Ralph Lauren Corporation, FILA Holdings Corporation, Lululemon Athletica, Inc., New Balance Athletics, Inc., Columbia Sportswear Company and ASICS Corporation.
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By End-user (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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