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The Global Sports Apparel Market Size is expected to reach $202 billion by 2022, growing at a CAGR of 5.9% during 2016 -2022.
Sports apparel find importance during workout sessions or while playing sports. The sports apparels are majorly designed with an idea to provide comfort and agility, especially during physical movements. The global sports apparel market has significantly grown in the last few years due to rising awareness about health and growing inclination to fitness activities such as aerobics, swimming, running, yoga and others. Rapid growth in the number of woman inclined to sports and fitness activities has also contributed to the market growth. Geographically, North America was the largest revenue-generating region in the global sports apparel market in 2015.
Asia-Pacific however would be the leading region with the highest revenue by 2022, majorly due to increasing disposable income and improving living standards in the emerging countries such as China and India. The availability of low quality and counterfeit products would however significantly restrict the market growth globally. Growing health awareness and fast evolving fashion trends would greatly drive the global sports apparel market during the forecast period. Changing lifestyles and demand for unique products have driven the masses to opt for durable and comfortable apparel.
This shift in trend would significantly contribute to the growth of the global sports apparel market. The report highlights the adoption of Sports Apparel, globally. Based on the End User, the Global Sports Apparel Market is segmented into Men, Women and Children segment. Based on the Mode of Sale, the market is bifurcated into Retail and Online segment. According to the Retail type, the market is segmented into Supermarket, Brand Outlets and Discount Stores segments. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
Key companies profiled in the report includes Under Armour, Inc., Adidas AG, Nike, Inc., Puma, Ralph Lauren Corporation, Umbro, Fila, Lululemon Athletica Incorporation, New Balance Athletic Shoe, and Columbia Sportswear Company.