Market Research Report
Global Sports Apparel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
|Global Sports Apparel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)|
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 75 Pages
Delivery time: 2-3 business days
Global Sports Apparel market is estimated to witness a CAGR of 4.11% during the forecast period (2021 - 2026).
The demand for fashionable sports apparel is on the rise as they are versatile, convenient, trendy, and can be worn for a variety of occasions. This increased emphasis on style has been capitalized by key players in the market studied, who have introduced innovative, technically advanced products which are both comfortable and practical, to cater to this demand, which has, in turn, increased their profitability.
Asia-Pacific is the fastest-growing region in the global athletic footwear market, owing to countries such as China and India which have a higher percentage of young population. The increasing appetite for foreign brands, and rising disposable income, coupled with the desire to lead improved lifestyles are expected to positively impact the demand for sports apparel in the region. China, backed by government initiatives to encourage active participation in sports, is leading the market in the region and has the potential to surpass the United States as the leading market worldwide in the future.
Global Sports Apparel market is fragmented and comprises of a handful of large international and regional players. Some of the major players in the market are Adidas AG, Nike, Inc., Puma SE, Under Armour, Inc., Lululemon Athletica, Columbia Sportswear Company, Anta International Group Holdings Ltd., Li Ning Company Limited, VF Corporation, Amer Sports Corporation, among others.