PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103593
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1103593
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Global Sports & Fitness Clothing Market to Reach $231.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Sports & Fitness Clothing estimated at US$172 Billion in the year 2020, is projected to reach a revised size of US$231.9 Billion by 2027, growing at aCAGR of 4.4% over the period 2020-2027. Sports Apparel, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$193.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Fitness Clothing segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $61.7 Billion, While China is Forecast to Grow at 7.3% CAGR
The Sports & Fitness Clothing market in the U.S. is estimated at US$61.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.2 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
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