Sports Apparel Market, Sports Apparel Market Size, Sports Apparel Market Trends, Sports Apparel Market Forecast, Sports Apparel Market Risks, Sports Apparel Market Report, Sports Apparel Market Share

According to a new report published by xResearch, titled, “Sports Apparel Market Insights, Trends, Opportunity & Forecast, 2022–2030,” the global sports apparel market size is anticipated to witness exponential growth during the forecast period i.e. 2022-2030.

 

Factors such as the advancements in smart sportswear tech to enhance workout routines, tracking progress, and providing feedback based on performance are predominantly fueling the growth of the global sports apparel market. Also adding to the growth is the rising health awareness among the population and the growing population of female athletes. In addition, aggressive advertisements and celebrity endorsements have also helped the sports apparel industry to pave its way toward growth.

 

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According to sales from the distribution channel, the segment of retail stores held the largest share in the global sports apparel market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030. According to end-use, the men’s segment dominated the global sports apparel market in 2021. The segment is estimated to maintain its position and stay at the top during the forecast period of 2022-2030. However, the female and children segment is projected to witness swift growth in the market during the forecast period. The increasing population of female athletes and children’s participating in global sports is primarily attributed to the growth of the market in the segment.

 

Geographically, the North American region led the global sports apparel market in 2021, followed by the Asia Pacific. The region is anticipated to remain dominant throughout the forecast period of 2022-2030. Countries such as the U.S. and Canada are among the key contributors to the market in the region. The Asia Pacific region is expected to achieve the highest growth in the sports apparel market during the forecast period. Countries including India, China, and Japan are the key contributors to the growth of the market in this region.

 

Some of the major sports apparel-providing companies profiled in the report include Nike Inc., Puma SE, Adidas AG, Fila Inc., Lululemon athletica Inc., Ralph Lauren Corp., Columbia Sportswear Company, Under Armour Inc., Reebok, New Balance.

 

The global sports apparel market is segmented into the distribution channel, end-use, and region. Based on Distribution Channel, the market is bifurcated into Retail distribution chains & Ecommerce sites. Based on end-use, it is classified into Children, Men, and Women.

 

The global sports apparel market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of the Middle East & Africa).

 

Key Insights of the Global Sports Apparel Market.

  • Based on the distribution channel, the Retail distribution chain segment held the largest share in the global sports apparel market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030.
  • Based on end-users, the men’s segment dominated the global sports apparel market in 2021.
  • Based on region, North America led the global sports apparel market in 2021, followed by the Asia Pacific. The region is anticipated to remain dominant throughout the forecast period of 2022-2030.
  • Based on region, the Asia Pacific region is expected to achieve the highest growth in the global sports apparel market during the forecast period of 2022-2030.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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