Sportswear market size is driven by growing participation in sports and fitness activities and growing demand for sportswear
Rising participation in sports and fitness activities and growing demand for activewear and athletic apparel is expected to drive the growth of the global market.
PUNE, MAHARASHTRA, INDIA, Sept. 1, 2022 /EINPresswire.com/ — The global sportswear market size will reach USD 3,280.36 million in 2027 and register a steady revenue CAGR of 3.86% during the forecast period. Key factors such as a growing awareness of the positive impact of yoga, sports and gymnastics on health, a growing propensity to maintain good health and fitness, and increased disposable income are expected to driving the growth of the global market.
People all over the world are becoming health conscious day by day and focusing on maintaining good health and managing their hectic lifestyles. There has been a significant increase in the demand for sportswear as it helps to improve body movements as compared to regular clothes. It also helps prevent muscle sprays and other muscle injuries. This in turn has encouraged manufacturers and big brands to display and launch their best sportswear and sportswear. Additionally, young women and millennials are regularly engaging in home workouts, online yoga, and pilates due to tight restrictions amid the COVID-19 pandemic. This has greatly increased the demand for various types of sportswear.
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Sportswear labels can be segmented into 3 layers, next to skin clothing, thermal or lightweight protective clothing and ultra-resistant clothing used in extreme weather conditions. Sportswear offers benefits such as better breathability, static resistance, quick drying and thermal resistance. Some of the in-demand sportswear includes shorts, sweatpants, skirts, leggings, yoga pants, sweatshirts, loungewear, and swimwear, among others.
The growth in global market revenue can be attributed to a growing trend of online shopping due to a variety of options, greater discounts, increased brand promotions on social media by influencers and players, and the growing demand for environmentally friendly and sustainable sportswear and activewear. Furthermore, the rising inclination for fashionable sports and apparel, rising spending power and increased investment by major market players to develop adaptable, stylish and durable sportswear is expected to boost the global market growth.
However, the high cost of sportswear due to volatile brand and raw material prices, as well as the growing number of counterfeit sportswear products are expected to restrain the overall market growth over the forecast period.
The Polyester segment will register a rapid revenue CAGR:
Polyester segment revenue is expected to grow at a rapid CAGR during the forecast period owing to the growing demand for polyester sportswear among younger generations and millennials owing to flexibility, washability and increased durability, and the availability of various types of running jackets, sportswear shirts, and sweatpants.
The young female segment will account for the largest share of revenue:
The young female segment is expected to account for the largest share of revenue during the forecast period. This can be attributed to the growing adoption of home workouts, jogging, pilates, and yoga among young women, the growing inclination for fashionable and fashionable sportswear, and the availability of various types of sportswear that is breathable, static-resistant, heat-resistant, and quick-drying. .
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Asia-Pacific will see robust revenue growth:
Asia-Pacific is expected to record a robust revenue CAGR during the forecast period owing to the growing prevalence of chronic diseases in the region, growing awareness of the importance of a healthy lifestyle, increasing participation in sporting activities, running, swimming and cycling, and increasing investment to develop environmentally friendly products.
Sportswear Market by Company:
• Columbia Sportswear
• Under protection
The global sportswear market is segmented on the basis of type, application and region:
Sportswear Market Segment By Type:
Sportswear Market Segment By Application:
• Young woman
• Middle-aged women
• Older women
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Sportswear Market Segment By Region:
• North America
o United States
o United Kingdom
• Asia Pacific
o South Korea
• Latin America
• Middle East and Africa
o Saudi Arabia
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