DublinAnd the March 16, 2022 /PRNewswire/ – The report “Sportswear and Fitness – Global Market Track and Analytics” has been added to ResearchAndMarkets.com Show.
Global sports and fitness apparel market to reach $221.3 billion by 2026
Amidst the COVID-19 crisis, the global market for sports and fitness apparel is estimated at 172 billion US dollars In 2020, it is expected to reach a revised size of $221.3 billion by 2026, at a compound annual growth rate of 4.4% during the analysis period. Sports apparel, one of the sectors analyzed in the report, is expected to register a compound annual growth rate of 4.5% 193.9 billion US dollars at the end of the analysis period. After a comprehensive analysis of the business implications of the epidemic and the resulting economic crisis, the growth of the fitness apparel sector was readjusted to a 3.6% compound annual growth rate (CAGR) for the next seven years.
The US market is estimated at 63 billion dollars In 2021, while it is expected to arrive in China 27 billion dollars by 2026
The US sports and fitness apparel market is estimated at 63 billion US dollars in 2021. Chinathe world’s second largest economy, is expected to reach the expected market size 27 billion US dollars by 2026, lagging behind a 7.3% compound annual growth rate (CAGR) during the analysis period. Among other noteworthy geomarkets Japan And the CanadaBoth are expected to grow by 3.2% and 3.3%, respectively, during the analysis period. inside EuropeAnd the Germany It is expected to grow at a compound annual growth rate of approximately 3.9%.
The ongoing health and wellness trend remains the primary driver of the global sports and fitness apparel market, driving consumers to spend on these apparel, especially sportswear and activewear products. Consumer focus on the health system and a high level of health awareness make people selective about clothing for gym sessions, personal training and casual work. Increased participation in sports and adventurous activities such as cycling and trekking is expanding the market. In addition, the tireless efforts of fitness influencers to promote active clothing and attract consumers to a cult of sports, encouraging people to wear active clothing in gyms as well as social gatherings and runways.
Market growth is also being driven by increased adoption of job-specific apparel and footwear and technological advancements. The use of engineered fabrics in functional apparel displays protects against extreme cold or heat, chemicals and radiation. These fabrics can absorb sweat and keep the user cool in the summer and warm in the winter. Some of the latest functional clothing is manufactured using antibacterial materials that are able to prevent bad body odor.
On the other hand, sports shoes offered by major brands increase user comfort and improve athletic performance while decreasing the risk of injuries. The increasing incidence of foot diseases and allergies is prompting companies to offer sneakers and socks with specialized features. While many manufacturers are offering athletic socks with added padding to mitigate the risk of allergic feet, others are increasingly incorporating cutting edge technologies into their sock products.
Moreover, the increasing focus of various medical laboratories on research and development is expected to enhance the adoption of medical laboratory clothing. These factors are identified to help the global Functional Apparel market achieve consistent growth over the coming years.
By type, the top of the clothes to reach 100.5 billion dollars by 2026
The global market for the ready-to-wear sector (type) is estimated at 74.8 billion US dollars In 2020, it is expected to reach 100.5 billion US dollars by 2026 reflecting a compound annual growth rate of 5.1% during the analysis period. United State It constitutes the largest regional market for the Top Wear segment, accounting for 34.7% of global sales in 2020. China It is poised to record the fastest compound annual growth rate of 8.3% during the analysis period, to reach it 14.5 billion US dollars at the end of the analysis period.
Select competitors (total 556 featured):
- adidas AG
- Reebok International Limited
- Anta Sports Products Limited
- ASICS Corporation
- columbia sportswear company
- Elite Sportswear, LP.
- Line
- Gap, you.
- Hanesbrands Inc.
- HOSA INTERNATIONAL LIMITED.
- kappa
- Li Ning Co., Ltd.
- lululemon Athletic
- Mizuno United States of AmericaInc.
- nike
- Patagonia, Inc.
- Peak Sport Products Co., Ltd.
- prana
- Puma SE
- TerraFrog Clothing Company
- Under Armor, Inc.
- VF . company
Main topics covered
I. METHODOLOGY
Secondly. Executive Summary
1. Market Overview
- Influential Market Insights
- Global Market Tracks
- Sports and Fitness Apparel – Global Leading Competitors Market Share Percentage in 2022 (E)
- Competitive Market Presence – Strong / Active / Specialized / Trivial to Worldwide Players in 2022(e)
- How the COVID-19 pandemic has devastated the global economy
- COVID-19 leaves the world in disarray, industries and markets upside down
- Social distancing, tourism bans, rising unemployment and ‘shaky’ consumer confidence are undermining the sports and textile industries
- The sports industry is spinning under the influence of social distancing measures as a new way of life
- Stalled sports industry, worst hit by the pandemic, is destroying all hopes that life will return to normal for everyone in the value chain
- The sharp decline in the number of tourists affects the retail trade associated with sports tourism
- The textile industry grapples with supply chain disruptions and weak consumer spending
- The global apparel industry that is witnessing a massive hemorrhage is stifling the sports and fitness apparel market
- Sports and fitness apparel fail to handle the strong double whammy of headwinds sweeping across the sports and textile industries
- High levels of unemployment threaten to shrink the middle-class population, affecting industries dependent on discretionary income
- The rapid erosion of consumer confidence frustrates hopes for a quick recovery
- Looking beyond the current bleak outlook, the pandemic is creating a powerful platform for health and fitness
- Increased focus on health and fitness after COVID-19 promises to deliver adjustments for ongoing damage in 2020
- With workouts shifting into consumers’ homes, the demand for athletic underwear to gain a new lease on life in the post-COVID-19 era
- The rise in fitness equipment sales in 2020 is an encouraging sign of good times for sports and fitness apparel
- Fitness routine changes as a result of COVID-19
- Sports and Fitness Apparel: Definition and Scope
- Recent market activity
- innovations
- Worldwide Trademark
2. Focus on identifying players
3. Market trends and drivers
- Digitizing the Fitness and Fashion Industry to Accelerate Post-COVID-19
- Connected clothes will arrive much earlier than previous expectations
- Innovation in functional sportswear is breaking, promising a strong future full of opportunities
- Moisture management clothing receives a special focus
- All things antimicrobial and antiviral are getting a boost due to the COVID-19 pandemic
- COVID-19 Fast Tracks Transition to Sustainable Apparel and Fashion
- Here’s why environment and sustainability will be a top priority after the pandemic
- COVID-19 Drives Sustainability From just plans & Business Strategies
- Here’s what to expect in the sustainable clothing and fashion space
- Textile recycling steam pool
- Innovations in smart fabrics provide a window into the exciting future of fashion
- Athleisure clothing will continue to outperform the rest of the clothing categories in the post-COVID-19 period
- The epic moment in human history where sport meets fashion
- 3D printing promises to revolutionize the future of the garment industry
- Women are a large, profitable consumer group – here’s why
- COVID-19 pushes e-commerce/online retail into the spotlight
- Social distancing mandated by COVID-19 leads to massive consumer migration to online platforms
4. Global market perspective
Third. market analysis
Fourthly. competition
- Total listed companies: 556
For more information on this report, visit https://www.researchandmarkets.com/r/qb4op9
Media contact:
Research and Markets
Laura Wooddirector, mentor
[email protected]
For EST office hours, call +1-917-300-0470
For US/Canada, call toll free +1-800-526-8630
For GMT office hours, call +353-1-416-8900
US Fax: 607-646-1907
Fax (outside the US): +353-1-481-1716
SOURCE Research & Markets
