The Europe Sports Apparel Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 845.2 million units, showcasing a growth of 5.8% (2019-2022).
The market, a vibrant and dynamic sector of the fashion and retail industry, has experienced significant expansion and evolution throughout the years. This market encompasses diverse clothing and accessories designed specifically for sports and fitness activities, but its influence extends far beyond the gym or playing field. The intersection of performance, style, and functionality has fuelled the popularity of these apparel, making it a significant player in the regional fashion landscape.
In addition, the adoption of sports apparel has experienced a paradigm shift, evolving from a niche market primarily catering to athletes and fitness enthusiasts to a mainstream fashion phenomenon embraced by a wide and diverse consumer base. What was once mainly worn to its performance-enhancing features is now a staple in everyday wardrobes, reflecting a cultural shift towards an active and health-conscious lifestyle. The increasing awareness of the benefits of regular physical activity has been a driving force behind the widespread adoption of these apparel.
Europe is renowned for its extensive sports culture, encompassing a wide array of prominent sports, such as football, tennis, cycling, and running. As per the latest data released in 2022 by Eurostat, in 2019, 44 % of the EU population aged 15 or over reported that they had practiced sports at least once a week. In 2019, the percentage of people in the EU practicing at least once a week ranged from 65 % among 15-24-year-olds to 31 % in the 65+ age group. Likewise, in 2019, at the EU level, around one-third of the EU population aged 15+ spent at least 150 minutes per week on aerobic physical activity, this percentage was over half of the population in the Netherlands (62 %), Sweden (56 %) and Denmark (55 %). Therefore, increasing sports participation in Europe will help expand the regional market.
The Germany market dominated the Europe Sports Apparel Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $18,728.7 Million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Sports Apparel Market will Hit $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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