Sportswear Market Size, Share, Demand, Trends 2023-2028 | Top Companies: Nike Inc., Adidas AG, Fila Inc., Puma SE

The latest research study "Sportswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global sportswear market size reached US$ 181.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 239.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Sportswear represent informal clothing designed for comfort and playing sports. Tennis shirts, T-shirts, hoodies, Tracksuits, shorts, polo shirts, swimsuits, etc., are some of the common sportswear generally worn while participating in physical activities.

Most of these apparel help prevent muscle sprains as well as ligament and muscle injuries due to their proper support and adequate fitting. Depending on the type of sport and the intensity, they can be manufactured by using several flexible materials, such as nylon-spandex, cotton, polypropylene, cotton-polyester, polyester-spandex, wool blend, etc. Sportswear are extensively worn while playing cricket, football, golf, tennis, basketball, hiking, bicycling, jogging, etc. In line with this, they aid in improving performance, preventing injury during exercise, providing extra comfort, reducing the delayed onset muscle soreness (DOMS), promoting the health of the wearer, minimizing post-workout muscle cramps, etc.

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Sportswear Market Trends and Drivers:

The increasing participation of individuals in sports and fitness activities, owing to the growing incidences of work-related health conditions, including stress and obesity, is primarily driving the sportswear market. Additionally, the widespread adoption of fast-drying t-shirts and materials that can track heart rate, manages body heat, improve circulation, etc., and are produced by using lightweight infrared emitting fabrics and energy infrared technology is further catalyzing the global market. Besides this, the rising utilization of sportswear to protect the wearer against environmental conditions during outdoor activities is acting as another significant growth-inducing factor. Moreover, the escalating demand for these clothing to enhance overall performance by supporting the right muscle groups during training and exercising and providing protection to the sensitive muscle areas is also augmenting the market growth. Apart from this, the inflating need for specialized garments, such as ski suits, swimsuits, leotards, etc., is anticipated to fuel the sportswear market over the forecasted period. The global market is majorly driven by the rising health consciousness among the customers. In line with this, the growing popularity of physical activities, such as sports, cycling and yoga among the masses is impacting the market growth favorably. 

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 Sportswear Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Who are the Key players In Global Sportswear Market?

• Adidas AG
• Anta Sports Products Limited
• ASICS Corporation
• Columbia Sportswear Company
• Fila Inc.
• Lululemon Athletica Inc.
• New Balance Athletics Inc.
• Nike Inc.
• Patagonia Inc.
• Puma SE 
• Under Armour Inc.

Breakup by Product:

• Shoes
• Clothes

Breakup by Distribution Channel:

• Online Stores
• Retail Stores

Breakup by End User:

• Men
• Women
• Kids

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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