The sports apparel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sports Apparel Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sports apparel market size has grown strongly in recent years. It will grow from $198.82 billion in 2023 to $210.58 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to fitness and health awareness, athleisure trends, celebrity endorsements and influencer culture, and e-commerce growth.
The sports apparel market size is expected to see strong growth in the next few years. It will grow to $266.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to Sustainability and ethical practices, digitalization and personalization, emerging markets, health and wellness trends, and innovation in performance wear. Major trends in the forecast period include the rise of direct-to-consumer (DTC) brands, focus on inclusivity and diversity, expansion of sustainable product lines, integration of augmented reality (AR) and virtual reality (VR), health monitoring and fitness tracking.
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Scope Of Sports Apparel Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sports Apparel Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the sports apparel market are developing and integrating innovative technologies, such as advanced foam technologies, into their sports apparel to enhance their performance and better serve customers. Advanced foam technologies involve the use of innovative foam materials and manufacturing processes to create lightweight, supportive, and protective garments for athletes. For instance, in July 2023, Nike, a US-based footwear company, unveiled ReactX, its newest installment of advanced foam technology. Nike has incorporated the updated foam into its InfinityRN 4 model running shoes to provide a higher energy return with a lower carbon footprint compared to its predecessors. This release marked a significant advancement in Nike’s commitment to sustainability and performance in athletic footwear, catering to the needs of runners seeking supportive cushioning for a smooth run. ReactX is designed to reduce a pair of midsoles’ carbon footprint by at least 43% through reduced energy in the production process while increasing energy return by 13%.
The sports apparel market covered in this report is segmented –
1) By Product Type: Athletic Footwear, Sports Apparel, Accessories
2) By Distribution Channel: E-Commerce, Supermarket Or Hypermarket, Brand Outlets, Discount Stores
3) By End User: Children, Men, Women
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Regional Insights –
North America was the largest region in the sports apparel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sports apparel market are Nike Inc., Adidas AG, The Gap Inc., Decathlon Group, Kappa, VF Corporation, Puma SE, Anta Sports Products Limited, Karhu Holding B.V., Skechers USA Inc., Ralph Lauren Corporation, Lululemon Athletica Inc., Hanesbrands Inc., Under Armour Inc., New Balance Athletics Inc., ASICS Corporation, The North Face Inc., Columbia Sportswear Company, Wolverine World Wide Inc., Li Ning Company Limited, Mizuno Corporation, Brooks Sports Inc., Deckers Outdoor Corp., Fila Holdings Corp., Iconix International, Reebok International Limited, Umbro International Limited
Table of Contents
1. Executive Summary
2. Sports Apparel Market Characteristics
3. Sports Apparel Market Trends And Strategies
4. Sports Apparel Market – Macro Economic Scenario
5. Global Sports Apparel Market Size and Growth
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32. Global Sports Apparel Market Competitive Benchmarking
33. Global Sports Apparel Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sports Apparel Market
35. Sports Apparel Market Future Outlook and Potential Analysis
36. Appendix
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