Global Sports Clothing Market Overview:
Sports clothing is highly functional clothing designed to improve performance. While playing, the clothing protects and supports the body. Furthermore, the conditions under which the sports are played differ. Because of these factors, the materials used in athletic wear vary greatly. There are also differences in design or fit to accommodate the needs of various sports. As a result, the sports clothing market is divided into three segments: high performance apparel for professional athletes, athleisure products, and consumer sportswear. Sports clothing refers to athletic or athletic-inspired clothing worn for sports or casual or leisure activities. Sportswear worn by athletes for practise or games, or clothing worn primarily for athletic purposes. A performance T-shirt, for example, designed for jogging/running and used for the same purpose.
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
- Increasing Participation In The Sports Activity
- Increasing Disposable Income Is Contributing Towards The Market Growth
- Availability of Counterfeit Products
- Increasing Cost of Raw Material of Sport Clothing
- Increasing Sale Of Sports Clothing Online Platform
- Celebrity Endorsement Of Product Fuel Growth Of Product
- Intense Competition Among Player
The market for Sports Clothing is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Adidas AG (Germany), Nike Inc. (United States), Under Armour (United States), PUMA (Germany), Columbia (United States), V.F.Corporation (United States), ANTA Sports (China), Amer Sports (Finland), Fila, Inc. (United States) and Umbro, Ltd. (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like LULULEMON ATHLETICA (Canada), Mizuno (Japan) and Patagonia (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Sports Clothing market by 2027. Considering Market by Material , the sub-segment i.e. Polyester will boost the Sports Clothing market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Sports Clothing market.
Latest Market Insights:
On 13 December 2021, Nike Inc. announced the acquisition of RTFKT, a crypto fashion brand. This acquisition is another step that accelerates Nike’s digital transformation and allows to serve athletes and creators at the intersection of sport, creativity, gaming, and culture
On 8 June 2022, Puma launches first dedicated shopping app in Indian market. Sportswear brand Puma has chosen the Indian market as the first location in which to launch its dedicated shopping app globally as the German business renews its investment in the country. and On 9 February 2022, Sportswear giant Adidas is launching what it calls an “extensive” new sports bra collection, featuring 43 new styles across 18 product franchises to “better support the specific needs of active women”. Launching worldwide on February 14, Adidas states that it has re-engineered its entire sports bra portfolio to cater to more bodies and workouts than ever before, with a range that delivers added comfort and better fit to enable more women to participate in sport.
What Can be Explored with the Sports Clothing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sports Clothing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sports Clothing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sports Clothing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sports Clothing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sports Clothing Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.