Sports Apparel Market – Industry Trends and Forecast to 2029

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sports apparel market is expected to reach USD 279.20 billion by 2029

Sports apparel forms by those materials which helps to keep the player comfortable during sport. The type of material required will depend upon the intensity of the sport activity. In yoga clothing should use materials with exceptional stretch ability for easy movement which will probably require the material to be of a knitted construction. Sports apparel for long distance running will provide the wearer good comfort because it has excellent moisture wicking properties which enable sweat to transfer from the inside to the outside from the cloth.

Data Bridge Market Research analyses that the sports apparel market was valued at USD 181.51 billion in 2021 and is expected to reach USD 279.20 billion by 2029, registering a CAGR of 5.53 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Some of the major players operating in the sports apparel market are:

  • V.F. Corporation (U.S.)
  • Columbia Sportswear Company (U.S.)
  • Adidas (Germany)
  • Amer Sports (Finland)
  • DESCENTE LTD (Japan)
  • Decathlon Sports India Pvt Ltd (India)
  • Lafuma (France)
  • Group Rossignol Inc. (U.S.)
  • Volcom, LLC. (U.S.)
  • SPYDER ACTIVE SPORTS (U.S.)
  • Halti Global Store. (Finland)
  • Under Armour Inc, (U.S.)
  • BOGNER (U.S.)
  • Trek Kit India (India)
  • Tube Pro, Inc (Canada)
  • Airhead Sports Group (U.S.)
  • L.L. Bean Inc, (U.S.)
  • Agit Global, Inc. (U.S.)
  • Emsco Group (U.S.)
  • Slippery Racer (U.S.)
  • Gizmo Riders (U.S.)

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Sportswear apparel is a clothing in which including footwear, worn for sport and others. Sport apparel specifically wear for most sports for safety or comfort reasons. Typical sport apparel include T-shirts, tracksuits, shorts, and polo shirts, and Specialized garments, included swimsuits (for swimming), ski suits (for skiing), leotards (for gymnastics), Wet suits (for diving or surfing), similarly Sports footwear include riding boots, trainers, football boots, and ice skates.

Sports Apparel Market Dynamics

Drivers

  • Protection from environment

Sports Apparel can help to protect from the environment. During outdoor exercise in the hot summer need loose clothes and breathable fabrics. It will help keep the body cool due to this the body don't overheat. In the cold winter, put on a layer of clothes on body to keep out the cold. However, it is also used as an outer layer because it provides ventilation, so that body temperature can be easily adjusted due to these factors increase the demand of sports apparel which are expected to drive the growth of the market.

  • Maintain overall performance

Sports apparel is designed in a specific way for your sport. It can further add to your overall performance by supporting the right muscle groups during exercising and training and by giving protection in the areas that are mostly needed. Sports apparel also helps you perform more effectively with less injury. Fitness sports apparel can significantly influence how your muscles and body move during exercise and playing sports. 

Opportunities

The convenience of sports apparel with improved properties like temperature control, moisture management, and other performance-boosting features that prevent potential injury and discomfort which has captured the interest of the consumers who have been observed to be eager to pay more for such additional aids. Growing huge number of participants in the many sports activities is also an opportunity for the growth rate of the sports apparel market. Expensive nature of sports apparels is the major challenge for the sports apparel market. Moreover, emerging new markets and rise in strategic collaborations will also act as market drivers and further increase the beneficial opportunities for the market.

Restraints/ Challenges

However, commercializing fake sports apparel products is hindering the global growth rate of the sports apparel market. However, high sports and snow sports apparel costs might impede the market growth during the forecast period. The negative impact of COVID-19 outbreak slowdown the supply chain which has significantly hindered the supply of raw materials pose as a challenge for the market will act as market restraint for the market growth rate.

This sports apparel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports apparel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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COVID-19 Impact on Sports Apparel Market

Growing self-consciousness and healthy lifestyle desire lead the active and to appear fit, these reasons is encouraging the consumers to incorporate fitness and sports activities into their everyday life routine. During covid-19 pandemic governments imposed lockdown in several countries which has restricted the outgoing, due to this change the interest of consumer towards outdoor sports. This the decline in participation has change the market revenue growth.

Recent Development

  • In September 2021, Global sports brand PUMA introduced Royal Challenger Bangalore (RCB) athleisure range as a part of its three-year strategic partnership deal the company that has signed with the franchise in March 2021.
  • In September 2021, Champs and Eastbay Sports declared the launch of a new apparel line such as Eastbay Performance. This line includes compression products including jackets and shorts for training, tops, tanks and tights, tees, and fleece pants and hoodies casual wear.

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