Consumer Goods & Retail

Global Sports Clothing Market

October 21, 2021
ID: SR/CG-89
Format:Pdf
Pages:220

Global Sports Clothing Market Size: By Product Type (Tops & T-Shirts, Hoodies & Sweatshirts, Jackets & Vests, Shorts, Socks, Surf & Swimwear, Pants & Tights), By End-User (Men, Women, and Children), By Distribution Channel (Offline Stores, Online Stores, and Other Distribution Channels) and By Region (North America, Asia Pacific, Europe, South America, and the Middle East & Africa), Global Forecast to 2021 - 2027.

Description

The sports clothing market will grow at a CAGR of 5.32%, from USD 196.32 billion in 2020 to USD 263.54 billion in 2027. Consumers increasingly incorporate sports and fitness activities into their everyday routines as their health and self-consciousness improve and their desire to live active lifestyles and seem fit. As a result of the increasing involvement, market dynamics have changed, resulting in increased demand for sports gear. In addition, many individuals have begun engaging in physical activities and fitness training to reduce their risk of diseases such as diabetes, obesity, and others. Furthermore, because sports gear provides various benefits such as increased comfort, a fashionable appearance, and support when undertaking high-intensity exercises such as cycling, running, and gym workouts, its popularity is growing. During the projected period, this aspect is expected to provide up profitable prospects for market expansion. However, the sports clothing market’s expansion is likely to be hampered by the availability of forged goods at low prices. Players in this sector must contend with fierce rivalry from industry leaders, frequently changing fashion trends and customer price sensitivity. Changing consumer preferences and the growth and demand for sports and fitness gear are being stifled by labor shortages, rising raw material prices, and unprecedented e-commerce development negatively impacts the sports clothing market. The sports clothing market will benefit from the rising popularity of adventure travel and the increased engagement of women in sports.

What is Sports Clothing?

Sports clothing is highly practical gear that is meant to improve performance. While playing, the gear provides help and security to the body. Varying sports put different strains on different areas of the body. In addition, the sports are played in diverse environments. As a result, the materials utilized in sporting clothing vary significantly. There are also design or fit changes to accommodate the demands of different sports. Sports clothing, often known as sports clothes, refers to athletic or athletic-inspired clothing worn for sports, casual, or leisure activities. Sportswear is clothing that athletes use for practice or games. It is also clothing primarily utilized for sports, such as a jogging/running performance T-shirt intended for the same purpose. However, the section may involve the usage of a cotton T-shirt for jogging, even though it was not developed or built for the purpose.

Growth Driver

Rising health and wellness trends

The ongoing health and wellness trend fuels the sports clothing market, encouraging consumers to spend on these apparel, namely sportswear and activewear goods. People are becoming pickier about their gear for gym sessions, personal training, and informal employment as their focus on a healthy lifestyle and degree of health consciousness grows. The sports clothing market is expanding due to rising interest in sports and adventurous activities such as cycling and hiking. Furthermore, fitness gurus’ aggressive attempts to market activewear and attract customers have resulted in the athleisure cult, which encourages individuals to wear activewear to gyms and social gatherings.

Rising adoption of functionality-specific clothing

The growing use of functionality-specific gear and footwear and technology advances is driving the growth of the sports clothing industry. Engineered textiles protect from extreme cold or heat, chemicals, and radiation in practical clothing. These textiles can absorb sweat and keep consumers cool in the summer and warm in the winter, influencing the sportswear industry. Furthermore, as the prevalence of foot illnesses and allergies rises, firms increasingly offer specific sports shoes and socks. While some manufacturers offer more cushioning in their sports socks to reduce the danger of food allergies, others are progressively implementing advanced technology into their hosiery goods, favorably affecting the sports clothing market’s growth.

Pre-Covid-19 impact on Sports Clothing Market

Consumers were pushed to include sports and fitness activities into their everyday routines during the Pre-covid-19 period because of growing health and self-consciousness, a desire to lead active lifestyles, and seem fit. This increasing involvement has resulted in a shift in market dynamics, resulting in higher demand for sports apparel in the pre-covid-19 era. Additionally, due to rising knowledge of outdoor activities’ emotional and physical benefits among the urban population, a huge population was driven to acquire apparel, favorably impacting the sports clothing industry in the pre-covid-19 period.

Covid-19 impact on Sports Clothing Market

The development of the COVID-19 pandemic in 2020 had a negative influence on the sports clothing market growth. Several areas’ governments implemented severe lockdowns to prevent the virus from spreading during the epidemic. During the lockdown, this resulted in supply chain problems and delays in the manufacture of sports clothing. Furthermore, limitations on import-export commerce have resulted in a surge in order cancellations from overseas clients, resulting in product stockpiles. All of these issues are impeding the sports clothing market expansion during the epidemic.

Post-Covid-19 impact on Sports Clothing Market

In the Post-covid-19 period, the sports clothing market is anticipated to grow rapidly, thanks to a large increase in celebrity endorsements for fitness and sportswear. The top manufacturers and suppliers hire famous athletes, athletes, and celebrities to market their products and start advertisement campaigns. Consumers are more likely to buy items sponsored by their favorite athlete. As a result, vendors profit from celebrities’ fan bases by hiring them to promote their products. Puma, for example, has partnered with Usain Bolt to advertise its clothing line. Celebrity sponsorships like this are expected to help the sports clothing industry develop in the post-covid-19 period.

Product Type Segmental Analysis

By Product Type, the sports clothing market is segmented into Tops & T-Shirts, Hoodies & Sweatshirts, Jackets & Vests, Shorts, Socks, Surf & Swimwear, Pants & Tights. In terms of market size, the tops & t-shirts sector led the market in 2020 and is expected to continue to do so in the coming years. Because top gear is an important part of making a fashion statement, it is likely to be a positive element for the sports clothing sector. Customers choose to buy insulated shell top gear because it is more resistant to heat and cold. Furthermore, customers’ adoption of a luxury lifestyle has impacted millennials’ purchasing power to choose luxury clothing. The expanding tops & t-shirts section of the sports clothing industry has been attributed to rising fashion trends and a shifting retail landscape across companies.

End-User Type Segmental Analysis

By End-User Type, the Sports Clothing market is divided into Men, Women, and Children. Men’s rising adoption of sports watches, fashionable hats, and shoes in sports is projected to boost the growth of the men’s section of the sports clothing industry. Furthermore, as social media usage grows, this demographic spends money on sports gear to seem attractive in videos published on YouTube, Instagram, and Facebook. However, rising consumer spending on maintaining a professional image at sporting events is projected to boost spending on high-quality sportswear, which will benefit the men’s segment of the market.

Distribution Channel Type Segmental Analysis

By Distribution Channel, the Sports Clothing market is categorized into Offline Stores, Online Stores, and Other Distribution Channels. The offline category dominated the market, accounting for a maximum of total revenue. Due to the stock availability of many items under a single platform, consumers choose to purchase products through offline channels such as supermarkets. These channels are critical in providing customers with the benefit of physical verification. Furthermore, some offline channels provide substantial savings, encouraging buyers to pick this channel over others, boosting the sports clothing market.

Region Segmental Analysis

The Sports Clothing market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Due to consumers’ increased expenditure on workout gear as a fashion statement, North America held the highest share of the sportswear market in 2020 and is expected to continue over the forecast period. Furthermore, a well-developed retail system and celebrity brand endorsements aid in the region’s sales growth. However, Asia-Pacific is the fastest-growing region in the sports clothing business, thanks to countries like China and India, with a large population of young people. Increased demand for foreign brands and growing disposable income, and a desire to live healthier lifestyles are expected to drive sportswear consumption in the coming years.

Competitor Analysis

Nike, Inc., Fila, Inc., Columbia Sportswear Company, Lululemon Athletica Inc., New Balance, Under Armour, PUMA SE, Adidas AG, Umbro, Ralph Lauren Corporation and other prominent players are the key players of the Sports Clothing market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Sports Clothing market product manufacturing firm
Research organizations and consulting companies
Organizations, associations, and alliances related to the Sports Clothing market.
Regulatory bodies
Suppliers
Retailers

Recent Developments

In September 2021, PUMA released the Royal Challenger Bangalore (RCB) athleisure collection as part of a three-year strategic collaboration agreement inked with the franchise in March 2021.
In September 2021, Eastbay and Champs Sports have announced the debut of Eastbay Performance, a new clothing line. Compression shirts, tanks, and tights are available, as well as tees, jackets, and shorts for training and fleece pants and hoodies for casual use.
In October 2020, Kappa and Hyosung announced a partnership to debut Kappa’s new K-Spirit e-sports apparel collection at the Tencent Global E-Sports Arena (TGA).

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 22.6 Billion
The revenue forecast in 2027	USD 32.65 Billion
Growth Rate	CAGR of 5.75 % from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, South America, Asia-Pacific, and Middle East & Africa
Key companies Profiled	Nike, Inc., Fila, Inc., Columbia Sportswear Company, Lululemon Athletica Inc., New Balance, Under Armour, PUMA SE, Adidas AG, Umbro, Ralph Lauren Corporation and other prominent players.

Market Modelling

By Product Type

By End-User Type

Men
Women
Children

By Distribution Channel

Offline
Online
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the size of the Sports Clothing market?

The size of the Sports Clothing market, USD 196.32 Billion in 2020, will reach USD 263.54 Billion by 2027.

What is the growth rate of the global Sports Clothing market?

The growth rate of the Sports Clothing market is 5.32% during the forecast period.

What are the growth drivers of the Sports Clothing market?

Increasing adoption of functionality-specific clothing, rising health and wellness trends are the growth drivers of the Sports Clothing market.

What is the competitive landscape of the Sports Clothing market?

Nike, Inc., Fila, Inc., Columbia Sportswear Company, Lululemon Athletica Inc., New Balance, Under Armour, PUMA SE, Adidas AG, Umbro, Ralph Lauren Corporation and others are the key players of the Sports Clothing market.

Which region is leading the Sports Clothing market?

Due to consumers’ increased expenditure on workout gear as a fashion statement, North America held the highest share of the sportswear market in 2020 and is expected to continue over the forecast period.

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