Sports Apparel Market was valued at USD 171.25 Billion in 2021, and it is expected to reach USD 287.70 Billion by 2029, exhibiting a CAGR of 6.7% during the forecast period (2022-2029)
Sports Apparel Market Overview
The market overview focuses on analyzing the dynamics of the Sports Apparel industry, including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market’s current state and future trends, providing valuable insights for industry stakeholders.
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Sports Apparel Market Report Scope and Research Methodology
The report on Sports Apparel Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Sports Apparel market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Sports Apparel industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The Sports Apparel Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Sports Apparel market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Sports Apparel market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Sports Apparel market size.
Sports Apparel Market Regional Insights
The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one..
Sports Apparel Market Segmentation
The market is divided into three categories: top wear, bottom wear, and support items. The Top Wear segment has the greatest market share, which is expected to be USD 76.2 billion in 2021. During the projection period, this segment is expected to develop at a CAGR of 5.2%. A growing preference for top wear sports apparel over other top wears is driving market demand. T-shirts, sweatshirts, sports vests, sports hoodies, and other items dominate the top wear section. The United States was the leading regional market for the Top Wear segment in 2021, accounting for 34.7% of worldwide sales.
Sports Apparel Market Key Players
• Nike Inc.
• Fila
• Lululemon Athletica Inc.
• New Balance
• Under Armour Inc.
• Columbia Sportswear Company
• Puma Se
• Adidas AG
• Umbro
• Ralph Lauren Corporation
• Anta International Group Holdings Ltd.
• Li Ning Company Limited
• VF Corporation
• Jockey
• Lotto Spa
• Everlast Worldwide, Inc.
• Brooks Sports, Inc.
• Diadora S.p.A.
• Million Special Industries Co. Ltd.
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