According to a new report, published by KBV research, The Global Sports Apparel Market size is expected to reach $313.8 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,745.2 million units, experiencing a growth of 6.2% (2019-2022).
The Discount Stores segment is leading the Global Sports Apparel Market, by Distribution Channel in 2022; thereby, achieving a market value of $109.4 Billion by 2030. Consumers often prioritize affordability and value for money. Discount stores offer the apparel at lower price points, making them attractive to price-conscious shoppers seeking budget-friendly options without compromising on quality. Discount stores typically carry a wide range of these brands and styles. This variety appeals to a broad consumer base, allowing shoppers to explore different options and find products that meet their preferences and needs. As a result, the segment will witness increased growth in the coming years.
The Women segment is experiencing a CAGR of 5.9% during (2023 - 2030). The rising prevalence of female involvement in physical fitness and athletic pursuits stimulates the demand for women's athletic apparel. As more women engage in various sports, workouts, and outdoor activities, the demand for performance-oriented and stylish apparels has surged. These aspects will lead to increased demand in the segment.
The Asia Pacific region dominated the Global Sports Apparel Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $109,149 Million by 2030. The Europe region is anticipated to grow a CAGR of 5.3% during (2023 - 2030). Additionally, The North America region would register a CAGR of 5.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/sports-apparel-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Million Units, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
