The sports apparel market in the United States was valued at approximately *** billion euros in 2021. The market was projected to grow to *** billion euros by 2025. Leading companies of sports apparel globally Among the leading companies in the sportswear and sporting goods industry, Nike and Adidas together account for more than ** billion U.S. dollars in worldwide revenues. Other notable companies include Puma, Under Armour and VF Corporation. While it’s clear that Nike and Adidas are the dominant forces in the sports apparel market globally, other brands also stand out as major market players. For instance, the French company Décathlon beat both Nike and Adidas to secure the top spot in the sports clothing market in France with a significant margin: Décathlon had more than **** million users in 2020 versus *** million for Adidas and only *** million users for Nike. The industry’s unchallenged leader As the top company in the industry, Nike witnessed a significant increase of nearly twenty percent in worldwide revenues, going from **** billion U.S. dollars in 2020 to more than ** billion U.S. dollars in 2021. Two-thirds of Nike’s revenues come from its footwear segment, with popular brands including Air Force 1, Air Max, Air Jordan and more. Nike’s brands are significantly worth more than its main competitor, Adidas. In 2021, Nike’s brand value worldwide was approximately **** billion U.S. dollars, compared to **** billion U.S. dollars for Adidas.
This statistic shows data on the projected development of the global sports apparel market revenue from 2019 to 2025. The global sports apparel market is expected to increase from ****** billion U.S. dollars in 2019 to a projected ****** billion U.S. dollars in 2025. Sports apparel is clothing which is especially designed for sports and physical exercise. Garments may include T-shirts, shorts, running tights, swimsuits, wet suits and trainers. An increasing number of individuals are beginning to wear sports apparel and sports shoes as part of everyday life, not only as part of a work out. In a survey conducted in the United States in 2016, the largest share of respondents said Nike was their favourite brand for sports apparel. Respondents also cited Under Armour, adidas, New Balance and Sketchers in the top five brands for sports apparel. In 2017, Nike generated a revenue of **** billion U.S. dollars.
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According to Cognitive Market Research, the global Sports Apparel market size will be USD 205614.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 82245.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 61684.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 47291.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 10280.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 4112.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The cricket category is the fastest growing segment of the Sports Apparel industry
Market Dynamics of Sports Apparel Market
Key Drivers for Sports Apparel Market
Increasing attention to health and fitness to accelerate market growth: The market for sports apparel is rapidly expanding due to growing consumer focus on health and fitness. Despite busy lifestyles, individuals from around the world remain committed to investing in health and fitness. As more individuals are becoming aware of the benefits of maintaining a healthy and active lifestyle, more individual are taking part in physical activities like sports, yoga, athletics and gym workouts. Further, the rise in sports apparel being worn as a comfortable alternative to everyday casuals, is fueling demand for apparel that is both practical and fashionable. Social media along with organizations running fitness awareness campaigns contribute significantly to this trend.
Tech-driven fabrics are fueling market growth: Technology driven fabrics, offering features like moisture-wicking, breathability and flexibility are key to superior performance and comfort in sports apparel. The rise in active lifestyles across the globe, along with increased participation in fitness activities is driving demand for high-quality sports apparel. Fabric materials such as, temperature regulating fibers, four-way stretch fabrics and antimicrobial textiles satisfy the diverse needs of sports and fitness enthusiasts. Many sports apparel brands, including Nike, Lululemon and Asics are incorporating tech-driven fabrics and other technology driven advancements into their designs.
Restraint Factor for the Sports Apparel Market
Rising costs of raw materials impact market growth: Hight costs of raw material directly impact the sports apparel market, hindering growth by increasing production expenses, potentially to price increases or reduced profit margins for brands. Increase in price of raw materials like cotton, polyester and other synthetic fibers directly lead to higher production costs for sports apparel producers. To offset such high costs, brands may increase the retail prices of their offerings, which might make sports apparel less affordable for consumers thereby impacting demand and overall market growth.
Trends in the Sports Apparel Market
Surge in Demand for Athleisure and Everyday Activewear: The rising appeal of athleisure—a combination of athletic and leisurewear—is transforming the sports apparel industry. Consumers are increasingly favoring versatile garments that merge comfort, performance, and style suitable for both exercise and everyday use. This trend is driven by a health-conscious lifestyle, the culture of remote work, and fashion-forward designs that seamlessly integrate gym and streetwear. Brands are responding by broadening their selections in moisture-wicking materials, flexible fits, and minimalist designs. Collaborations with celebrities and fashion designers have further enhanced the trend, establishing athleisure as a prominent segment within sports apparel that serves both fitness aficionados and casual shoppers.
Focus on Sustainable and High-Performance Materials: Sustainability has emerged as a central concern in sports apparel, with...
India Sports Apparel Market was valued at USD 705.85 Million in 2024 and is expected to reach USD 1592.58 Million by 2030 with a CAGR of 14.52%.
Pages | 70 |
Market Size | 2024: USD 705.85 Million |
Forecast Market Size | 2030: USD 1592.58 Million |
CAGR | 2025-2030: 14.52% |
Fastest Growing Segment | Online |
Largest Market | North |
Key Players | 1. Puma Sports India Pvt Ltd 2. Adidas India Marketing Private Limited 3. Nike India Private Limited 4. Under Armour India Trading Private Limited 5. ASICS India Private Limited 6. Fila Holdings Corporation 7. SSIPL Lifestyle PVT LTD (Lotto) 8. Decathlon Sports India Private Limited 9. Shivnaresh Sports Pvt Ltd 10. Skechers South Asia Private Limited |
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Global sports apparel market size was worth $200 billion in 2022 and is anticipated to increase to around $332 billion by 2030 with a CAGR 6.54%.
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Dive deep into the dynamics of Global Sports Apparel Market, size at USD 205.61 billion in 2023, showcasing growth opportunities and strategic insights.
Nike, one of the leading sportswear manufacturers in the world, is a key player within the U.S. sports apparel market. As of 2018, Nike held an **** percent share of the athletic apparel market in the United States, ahead of adidas, who held a *** percent share of the market. Athletic apparel market The global sportswear market is a lucrative market, which is forecast to grow further in the coming years. Not only is Nike one of the most prominent producers within this market worldwide, but the company also holds the honor of being ranked as the world's leading athletic apparel brand. Nike and adidas are, by some margin, the leading companies in the sportswear industry worldwide. Puma and Under Armour are two other big companies which operate within this market. Athletic footwear market Nike generates more revenue from footwear than adidas and Puma combined, showing the company’s dominance in this sector. In the United States alone, the athletic footwear market generates billions of U.S. dollars each year. Nike dominates the U.S. athletic footwear market, with its brands holding over **** of the market share.
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The size of the Sports Apparel Market was valued at USD 247.17 Million in 2023 and is projected to reach USD 389.69 Million by 2032, with an expected CAGR of 6.72% during the forecast period. Sports apparel, also known as activewear, refers to clothing designed specifically for physical activities and sports. This type of clothing is crafted to provide comfort, flexibility, and support during exercise or athletic events. Common items include tracksuits, shorts, jerseys, t-shirts, and specialized gear like compression wear. The materials used in sports apparel are often breathable and moisture-wicking, helping to keep the body cool and dry during intense activities. Additionally, sports apparel is designed to enhance performance and reduce the risk of injury by allowing a full range of motion and providing necessary support to muscles and joints. Some sports apparel also includes protective elements, such as padding in cycling shorts or reinforced areas in football jerseys. Recent developments include: May 2024: Adidas launched the SS24 Paris collection for clay season in Germany. The collection includes a core 8-piece range of apparel to help raise awareness of Adidas’ annual Move For The Planet activation., May 2024: Under Armour collaborated with golf player Kris Kim, who used Under Armour’s latest golf apparel and UA Drive Pro footwear., April 2024: Adidas launched sports apparel for the Paris 2024 Olympic and Paralympic Games. To show its passion for the sport, Adidas featured it across apparel created for its 15 officially sponsored teams.. Key drivers for this market are: Increase in Sports Participation, Trend of Athleisure. Potential restraints include: Availability of Fake and Counterfeit Products. Notable trends are: Increased Sports Participation and Popularity of Athleisure.
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The global outdoor sports apparel market size reached USD 15.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.7 Billion by 2033, exhibiting a growth rate (CAGR) of 7.11% during 2025-2033. The emerging technological advancement in fabrics, the significant expansion of e-commerce, and the online shopping sector, and the growing popularity of outdoor sports apparel among celebrities and social media influencers are some of the major factors propelling the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024 | USD 15.9 Billion |
Market Forecast in 2033 | USD 29.7 Billion |
Market Growth Rate 2025-2033 | 7.11% |
IMARC Group provides an analysis of the key trends in each segment of the global outdoor sports apparel market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product type, mode of sale and end user.
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The global sports apparel market, valued at $207.41 billion in 2025, is projected to experience robust growth, driven by several key factors. Increasing health consciousness and participation in fitness activities, fueled by rising disposable incomes and a greater emphasis on wellness globally, are significant contributors to this market expansion. The burgeoning popularity of athleisure—blending athletic and leisure wear—further fuels demand, transcending traditional sporting contexts. Technological advancements in fabric technology, such as moisture-wicking and breathable materials, enhance performance and comfort, attracting a wider consumer base. The rise of e-commerce platforms has broadened access to a diverse range of brands and products, stimulating market growth, while aggressive marketing campaigns and celebrity endorsements continue to influence consumer purchasing decisions. Segmentation reveals a strong demand across all end-user categories – men, women, and children – with online channels experiencing rapid growth. Competitive dynamics are shaped by established giants like Nike and Adidas, alongside emerging brands vying for market share through innovative designs, sustainable practices, and targeted marketing strategies. Geographical variations exist, with North America and APAC (particularly China) representing major markets, reflecting varying levels of economic development and sporting culture. Challenges include fluctuating raw material costs, economic downturns that can impact consumer spending, and increasing competition for shelf space and online visibility. The market's 8.17% CAGR from 2025 to 2033 indicates sustained growth potential. However, maintaining this trajectory requires continuous innovation in product design and technology, sustainable sourcing practices to address environmental concerns, and adapting to shifting consumer preferences and demands. Effective marketing strategies focusing on specific demographics and leveraging social media platforms are crucial for brand building and market penetration. Navigating the complexities of global supply chains, managing manufacturing costs, and ensuring product quality are also essential for success in this dynamic and competitive landscape. Understanding regional nuances and tailoring product offerings to specific cultural contexts and purchasing power will be crucial for companies to secure long-term growth in this exciting industry. The forecast period of 2025-2033 suggests that proactive strategies focused on sustainability, technological integration, and effective marketing are key to capturing a larger share of the expanding sports apparel market.
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The Sports Apparel Market size was valued at USD 195.50 USD Billion in 2023 and is projected to reach USD 261.45 USD Billion by 2032, exhibiting a CAGR of 4.24 % during the forecast period. The U. S. market of sports apparel includes clothes and accessories that are worn during athletic activities, workouts, and leisure time respectively. Among the activewear items are such as athletic shoes, jerseys, shorts, leggings, jackets, and hats. Sports attire that functions as equally as its fashions now incorporates ergonomic, performance-enhancing features along with comfort and style for exercises and athletes. Major Market trends are the joy of athleisure, which is changing your look from the gym into the street, green manufacturing practices, hence, recycling and eco-friendly dyes, and the rise of brand collaborations with celebrities, both fashion and sports. Fitness and wellness consumers are trendsetters, thus the sportswear industry has gained momentum and developed tailored options for those consumers. Key drivers for this market are: Rising Growth of Urbanization to Aid Market Development. Potential restraints include: Fluctuating Raw Materials Prices to Restrain Market Development.
As one of the largest and most recognizable athletic brands on the planet, it is of little surprise that Nike is the leader within its industry of athletic apparel, accessories and footwear, with sales reaching almost ** billion U.S. dollars in 2024. This was more than double that of second-placed Adidas. Top athletic brands The sports apparel industry is a lucrative one, which is forecast to grow further in the coming years. Not only is Nike one of the most prominent producers within this market worldwide, but the company also holds the honor of being ranked as one of the world's leading apparel brands. Adidas, Puma, and Under Armour are some of Nike’s main competitors, as they operate within the same markets. However, Nike’s brand value has historically been significantly higher than that of its closest competitor, adidas, and the gap has grown. Sportswear stores In 2023, there were over ***** Nike stores worldwide. In comparison, the number of adidas Group retail stores was roughly ***** in 2024. The most prominent Adidas store type was factory outlets of which there were almost ***** worldwide.
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The sports apparel market can be segmented by product type into:Tops and T-shirtsTrousers and TightsShirts and T-shirtsOthers Recent developments include: In January 2023: The athletic clothing manufacturer Lululemon has announced the launch of a new e-commerce website named "Lazada" in an attempt to grow its market share in Asia Pacific. The brand is launching its flagship store on Lazmall. Moreover, this is the first Asian e-commerce partnership for the brand., November 2022: In November 2022, Nike introduced its web3 platform named "SWOOSH," designed for the release of virtual apparel and footwear for avatars. This technological innovation was aimed at strengthening and expanding the brand's presence, particularly among the younger demographic., December 2021: In December 2021, Adidas India announced the launch of its shopping application in India, featuring augmented reality (AR) technology. This launch served as the foundation for a membership program, including the Creators Club. This program enabled members to engage in shopping, reviews, participation in various activities, running, and training to accrue points and unlock rewards. This strategic move is expected to enhance the company's consumer engagement levels and broaden its outreach.. Key drivers for this market are: INCREASING DEMAND FROM HEALTHCARE AND HOSPITALITY INDUSTRIES 44, RAPID URBANIZATION ACROSS THE GLOBE 44; DRIVER IMPACT ANALYSIS 45. Potential restraints include: HIGH WATER FOOTPRINT AND GROWING CONCERNS FOR THE ENVIRONMENT 45, RESTRAINT IMPACT ANALYSIS 46. Notable trends are: Increasing acceptance of sports apparel driven by its comfort and breathability is driving the market growth.
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The global sports apparel market, valued at $306.32 billion in 2025, is projected to experience robust growth, fueled by a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033. This expansion is driven by several key factors. Increasing health consciousness and participation in fitness activities globally are significantly boosting demand for athletic apparel. The rising popularity of e-commerce and online retail channels provides convenient access to a wider variety of products, further stimulating market growth. Moreover, technological advancements in fabric technology, focusing on performance enhancement and comfort, are attracting consumers seeking high-quality, specialized athletic wear. The market's segmentation into apparel types (shirts, coats, pants, skirts, etc.) and applications (professional athletic, amateur sport) allows for targeted marketing and product development, catering to diverse consumer needs and preferences. The presence of major global players like Nike, Adidas, and Under Armour, alongside emerging regional brands, creates a competitive landscape that drives innovation and affordability. However, factors such as fluctuating raw material costs and economic downturns can pose challenges to sustained market growth. The geographical distribution of the market reveals North America and Europe as major contributors, but the Asia-Pacific region is poised for significant expansion due to rising disposable incomes and increasing sports participation in developing economies. The future of the sports apparel market hinges on continued innovation and adaptation to evolving consumer preferences. Sustainable and ethically sourced materials are gaining traction, pushing manufacturers to prioritize environmental responsibility. Personalized fitness tracking and wearable technology integration are becoming increasingly important features in athletic apparel, further driving demand for technologically advanced products. The continued growth of fitness-focused social media and influencer marketing will play a crucial role in shaping consumer perceptions and driving brand loyalty. Expanding into underserved markets and tapping into niche sports segments represent key growth opportunities for companies in the sector. Maintaining a competitive edge will require a focus on superior product quality, efficient supply chains, and strategic branding to resonate with the ever-evolving needs of the global sports apparel consumer.
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Global Sports Apparel Market is poised to witness substantial growth, reaching a value of USD 384.60 Million by the year 2033, up from USD 234.53 Million attained in 2024. The market is anticipated to display a Compound Annual Growth Rate (CAGR) of 5.65% between 2025 and 2033.
The Global Sports Apparel market size to cross USD 384.6 Million in 2033. [https://edison.valuemarketresearch.com//upload
Sports Apparel Market Size 2025-2029
The sports apparel market size is forecast to increase by USD 106.5 billion, at a CAGR of 8.1% between 2024 and 2029.
The market is driven by the increasing availability of innovative and high-performance apparel, leading to product premiumization. Consumers are increasingly willing to invest in sports apparel that offers superior comfort, functionality, and style. Technological advancements in sports apparel, such as hiking gears and moisture-wicking fabric, temperature regulation, and integrated technology, further fuel this trend. However, the market faces challenges from the volatility in prices of raw materials, particularly cotton and synthetic fibers. This price instability can impact the profitability of sports apparel manufacturers and retailers, necessitating effective supply chain management and pricing strategies. To capitalize on market opportunities, companies must focus on product innovation, sustainable sourcing, and efficient supply chain management.
Navigating the challenges of raw material price volatility requires a proactive approach, including hedging strategies, alternative sourcing, and supply chain optimization. Overall, the market presents significant growth potential, with a focus on product innovation and effective supply chain management being key to success.
What will be the Size of the Sports Apparel Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in fabric technology, customer preferences, and industry trends. Synthetic fibers, such as quick-drying and moisture-wicking materials, dominate the landscape, catering to various sectors including soccer, running, and golf. Price point and customer segmentation play crucial roles in product development, with offerings ranging from budget-friendly options to high-performance, technologically-advanced garments. Body mapping and breathable fabrics are key features in performance apparel, ensuring optimal comfort and functionality. Ski apparel and snowboarding apparel incorporate quick-drying fabrics to tackle the challenges of winter sports. Wearable Technology and stretch fabrics are revolutionizing training shoes and training apparel, enabling better tracking of performance metrics and enhancing workouts.
How is this Sports Apparel Industry segmented?
The sports apparel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Men
Women
Children
Distribution Channel
Offline
Online
Apparel Type
Jerseys
Shorts
Athletic Shoes
Compression Wear
Sports Category
Soccer
Basketball
Running
Gym and Fitness
Geography
North America
US
Europe
France
Germany
Italy
UK
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By End-user Insights
The men segment is estimated to witness significant growth during the forecast period.
The market encompasses various categories, including soccer apparel, smart clothing, athletic apparel, yoga apparel, Running Apparel, performance apparel, athletic socks, ski apparel, golf apparel, tennis apparel, team uniforms, and more. These apparel types incorporate advanced technologies such as moisture-wicking fabrics, quick-drying fabrics, body mapping, and wearable technology. Consumers increasingly prioritize ethical sourcing and demand transparency in supply chains. Customer segmentation plays a crucial role in market dynamics, with the men's segment experiencing significant growth due to increased sports participation and marketing initiatives. Men's sports apparel offers various options like athletic shorts, compression tights, and fashionable designs, catering to diverse preferences.
Brands focus on improving distribution channels and marketing efforts to capture latent demand. Product development continues to evolve, with an emphasis on natural fibers, compression garments, and performance metrics. Fabric testing, quality control, and product lifecycle management are essential aspects of the industry. Sublimation printing, screen printing, and other techniques add unique designs to sports apparel. Sports bras, cycling apparel, and other specialized apparel cater to specific customer needs. Merino wool, running shoes, Basketball Apparel, and other essentials complete the diverse sports apparel landscape. The market is expected to continue evolving, with innovation and customer satisfaction driving growth.
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The Men segment was valued at USD 96.80 bill
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The Online Sporting Apparel Sales industry has experienced significant momentum in recent years; as more consumers turn to e-commerce for convenience and a broader selection, the online market for sportswear has seen robust growth. Customer expectations for fast, reliable delivery and a seamless online shopping experience have driven companies to enhance their digital platforms. Innovations in mobile shopping and the proliferation of social media influencers promoting active lifestyles have further boosted online sales in the sector. This dynamic environment has enabled online retailers to capture a growing sportswear market share. Industry revenue has increased at a CAGR of 11.5% over the past five years and is expected to total $15.3 billion in 2024, when revenue will hike by an estimated 0.1%. Over the past five years, increased participation in recreational sports and the boom in athleisure wear have fueled demand for sporting apparel. The industry has also benefited from supply chain logistics and inventory management improvements, enabling online retailers to meet consumer demands more efficiently. Industry leaders like Amazon, Nike and specialized e-commerce platforms have offered personalized shopping experiences, competitive pricing and exclusive online collections. Also, smart marketing strategies, such as collaborations with popular athletes like Serena Williams' partnership with Nike and engagements with fitness influencers, have maintained consumer interest and brand loyalty. The Online Sporting Apparel Sales industry will continue its upward trajectory, albeit at a slower rate. Continued emphasis on digital innovation, such as virtual fitting rooms and AI-driven recommendations, will enhance customer engagement and satisfaction. Furthermore, the trend towards health and wellness will persist, driving sustained demand for activewear and performance gear. Companies are also likely to focus on sustainability initiatives, responding to increasing consumer awareness and preferences for eco-friendly products. While potential challenges like increase competition, supply chain disruptions and cybersecurity concerns may arise, the industry's adaptability and commitment to embracing new technologies suggest a promising outlook for continued expansion and market relevance, albeit at a moderated pace. Revenue is expected to hike at a CAGR of 1.4% over the five years through 2029 to $16.4 billion.
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Global Sports Apparel Market was valued at USD 230.7 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.02% through 2029.
Pages | 189 |
Market Size | 2023: USD 230.7 Billion |
Forecast Market Size | 2029: USD 409.2 Billion |
CAGR | 2024-2029: 10.02% |
Fastest Growing Segment | Online |
Largest Market | North America |
Key Players | 1. Adidas AG 2. Nike, Inc. 3. Puma SE 4. Under Armour Inc. 5. Lululemon Athletica Inc. 6. Columbia Sportswear Company 7. New Balance Athletics, Inc. 8. Li Ning Company Limited 9. VF Corporation 10. Fila Holdings Corp. |
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Uncover Market Research Intellect's latest Winter Sports Apparel Market Report, valued at USD 10.5 billion in 2024, expected to rise to USD 15.2 billion by 2033 at a CAGR of 5.0% from 2026 to 2033.
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The market is projected to expand from USD 405.2 billion in 2025 to USD 510.4 billion by 2035, reflecting a CAGR of 5.8% over the forecast period.
Metric | Value |
---|---|
Industry Size (2025) | USD 405.2 billion |
Industry Value (2035F) | USD 510.4 billion |
CAGR (2025 to 2035) | 5.8% |
Global Sports-Inspired Clothing Market - Country-Wise Per Capita Spending
Country | United States |
---|---|
Population (millions) | 345.4 |
Estimated Per Capita Spending (USD) | 85.20 |
Country | China |
---|---|
Population (millions) | 1,419.3 |
Estimated Per Capita Spending (USD) | 62.70 |
Country | Germany |
---|---|
Population (millions) | 84.1 |
Estimated Per Capita Spending (USD) | 79.30 |
Country | United Kingdom |
---|---|
Population (millions) | 68.3 |
Estimated Per Capita Spending (USD) | 74.10 |
Country | India |
---|---|
Population (millions) | 1,428.6 |
Estimated Per Capita Spending (USD) | 28.40 |
Sports Inspired Clothing Market - Global Country-Wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
United States | 6.9% |
Country | CAGR (2025 to 2035) |
---|---|
United Kingdom | 6.6% |
Country | CAGR (2025 to 2035) |
---|---|
Germany | 6.7% |
Country | CAGR (2025 to 2035) |
---|---|
India | 7.2% |
Country | CAGR (2025 to 2035) |
---|---|
China | 7.5% |
Competition Outlook : Sports Inspired Clothing Market
Company Name | Estimated Market Share (%), 2024 |
---|---|
Nike | 22-26% |
Adidas | 18-22% |
Puma | 10-14% |
Under Armour | 8-12% |
Lululemon Athletica | 6-10% |
Other Companies (combined) | 25-35% |
The sports apparel market in the United States was valued at approximately *** billion euros in 2021. The market was projected to grow to *** billion euros by 2025. Leading companies of sports apparel globally Among the leading companies in the sportswear and sporting goods industry, Nike and Adidas together account for more than ** billion U.S. dollars in worldwide revenues. Other notable companies include Puma, Under Armour and VF Corporation. While it’s clear that Nike and Adidas are the dominant forces in the sports apparel market globally, other brands also stand out as major market players. For instance, the French company Décathlon beat both Nike and Adidas to secure the top spot in the sports clothing market in France with a significant margin: Décathlon had more than **** million users in 2020 versus *** million for Adidas and only *** million users for Nike. The industry’s unchallenged leader As the top company in the industry, Nike witnessed a significant increase of nearly twenty percent in worldwide revenues, going from **** billion U.S. dollars in 2020 to more than ** billion U.S. dollars in 2021. Two-thirds of Nike’s revenues come from its footwear segment, with popular brands including Air Force 1, Air Max, Air Jordan and more. Nike’s brands are significantly worth more than its main competitor, Adidas. In 2021, Nike’s brand value worldwide was approximately **** billion U.S. dollars, compared to **** billion U.S. dollars for Adidas.