Sportswear Market Size, Share and Trend Analysis by Segments, Region, Category Performance and Competitive Landscape to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Sportswear Market Report Overview
The sportswear market size was valued at $441 billion in 2022. The market is expected to achieve a CAGR of more than 5% from 2022 to 2027. The sportswear market growth is attributed to the consumer apparel preferences remaining geared towards sportswear styles. Consumers are continuing to prioritize their health and fitness and try out new sports. Furthermore, the sportswear market will outperform the total apparel market as the versatility and comfort of athleisure items remain highly desirable.
Sportswear Market Outlook 2022-2027 ($ Billion)
Buy the Full Report for More Insights on the Sportswear Market Forecast, Download a Free Report Sample
The sportswear market research report will help in understanding the growth factor for the sportswear market and best-performing categories until 2027. The report also presents a regional outlook and competitive landscape covering share-wise insights of the leading brands. The sportswear market outlook report comprises distribution channel-wise insights to enable clients to gain information and make informed business decisions.
Market Size (2022) | $441 billion |
CAGR (2022-2027) | >5% |
Key Distribution Channels | · Clothing, Footwear, and Accessories Specialists
· Online Specialists · Department Stores · Hypermarkets, Supermarkets, and Hard Discounters · Other Online Retail · Other Offline Channels |
Key Regions | · Europe
· Americas · Asia-Pacific · Middle East and Africa |
Key Category | · Clothing
· Footwear · Accessories |
Key Sportwear Type | · Activewear
· Sports-Inspired Casualwear · Technical Sportswear |
Key Sport Activity | · Training
· Sports-inspired · Swimming · Running · Outdoor |
Leading Brands | · Nike
· Adidas · Puma · Skechers · Jordan |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Sportswear Market Dynamics
An increased focus on fitness and physical activity and more engagement of consumers in exercise, and outdoor activities has increased the sportswear market demand. Furthermore, the rising popularity of athleisure trends involving the integration of athletic wear into everyday fashion will continue to drive the sportswear market growth. Consumers continue to seek comfortable and fashionable activewear for the many facets of their lives. This increased casualization brought about by the pandemic will continue to remain in years to come, driving the market growth.
Sportswear brands are constantly innovating to introduce materials and technologies that meet the evolving needs of consumers who prioritize both performance and style. Furthermore, traditional fashion players, especially within the luxury segment, will enter the sportswear market as they adjust their product offerings to cater to the rising trend.
Buy the Full Report for Sportswear Market Dynamics, Download a Free Sample Report
Sportswear Market Segmentation by Categories
The key categories in the sportswear market are sports clothing, sports footwear, and sports accessories. The sports clothing segment dominated the sportswear market in 2022. The clothing category is further segmented into womenswear, menswear, and childrenswear. Brands’ increased focus on women in sports will enable womenswear to experience the highest growth by 2027.
Sportswear Market Analysis by Categories, 2022 (%)
Buy the Full Report to Learn More About Category-Wise Insights in the Sportswear Market, Download a Free Report Sample
Sportswear Market Segmentation by Distribution Channel
The key distribution channels in the sportswear market are clothing, footwear, and accessories specialists; online specialists; department stores; hypermarkets, supermarkets, and hard discounters; other online retail; and other offline channels. The clothing, footwear, and accessories specialists segment accounted for the largest sportswear market share in 2022.
Sportswear Market Analysis by Distribution Channel, 2022 (%)
Buy the Full Report for More Distribution Channel Insights on the Sportswear Market, Download A Free Report Sample
Sportswear Market Segmentation by Regions
The key regions in the sportswear market are the Americas, Asia-Pacific, Europe, and the Middle East and Africa. The Americas was the leading regional segment of the sportswear market in 2022, followed by Asia-Pacific and Europe. However, stronger inflation in the Americas and Europe will cause their share of the market to fall. Asia-Pacific will experience the greatest growth during the forecast period. Developing economies and growing middle-class populations, as well as increased hybrid working and casualization, will fuel the sportswear market growth in the coming years.
Sportswear Market Analysis by Regions, 2022 (%)
Buy the Full Report for More Regional Insights on the Sportswear Market, Download A Free Report Sample
Sportswear Market – Competitive Landscape
The key leading brands in the sportswear market are Nike, Adidas, Puma, Skechers, and Jordan among others. In 2022, Nike led the sportswear market share. The brand has been actively reducing its wholesale partnerships to gain greater control of its distribution and improve its profit margins, and it has paid off Nike. Nike has invested significantly into its retail stores, adding experiential features such as basketball courts and customization areas, and it has also made a lot of enhancements to its digital proposition, including new mobile apps, smarter chatbots, and more competitive fulfilment options.
Sportswear Market Analysis by Brands, 2022 (%)
Buy the Full Report for Business-Critical Insights into the Leading Sportswear Brands, Download a Free Report Sample
Key Highlights
- Sportswear performance is anticipated to pick up again in 2024 as easing inflation allows consumer confidence to improve, although will gradually slow out to 2027 as the market becomes more established.
- Between 2022 and 2027, sportswear growth will be highest in Asia-Pacific, as its large emerging middle-class continues to embrace global trends such as streetwear and athleisure.
- The luxury segment of the global sportswear market will experience the strongest growth in the forecast period, as more designer brands focus on incorporating sports elements into their designs to tap into the athleisure and streetwear trends.
- Online penetration will continue to grow in the market, as new brands launch as online pureplays and young shoppers continue to prefer the convenience and wide choice the channel offers.
Reasons to Buy
- Find out what is driving the sportswear market’s strong growth, and the differentiation between categories until 2027.
- Learn about the geographical differences within the sportswear market, and which are the key countries driving growth in the market.
- Identify what makes the leading sportswear players successful and how you could integrate these strategies within your own business.
Adidas
Alo Yoga
Anta
Armani
Awake NY
Bandit Running
Bodega
Bombers
Castore
Daily Paper
Fear of God
Hoka
Hugo Boss
Jordan
Lack of Guidance
Li-Ning
Lululemon
Napapijri
New Balance
Nike
North Hill
Off-White
On Running
Oner Active
Palm Angels
Puma
SATISFY
Skechers
Stella McCartney
Stock X
The North Face
Tommy Hilfiger
Under Armour
Vans
Varley
Vinted
Vuori
Yeezy
Table of Contents
Table
Figures
Frequently asked questions
-
What was the sportswear market size in 2022?
The sportswear market size in was valued at $441 billion in 2022.
-
What is the expected sportswear market growth rate from 2022 to 2027?
The sportswear market in is expected to grow at a CAGR of more than 5% during 2022-2027.
-
What was the key distribution channels in the sportswear market in 2022?
The leading distribution channels in the sportswear market was clothing, footwear, and accessories specialists in 2022.
-
Which was the leading region in the sportswear market in 2022?
The key region in the sportswear market was the Americas in 2022.
-
Which are the leading brands in the sportswear market?
The leading sportswear brands are Nike, Adidas, Puma, Skechers, and Jordan among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.