Dublin, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The "Sports and Fitness Clothing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Sports and Fitness Clothing Market to Reach $357.3 Billion by 2030
The global market for Sports and Fitness Clothing estimated at US$226.8 Billion in the year 2022, is projected to reach a revised size of US$357.3 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Sports Apparel, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$293.2 Billion by the end of the analysis period. Growth in the Fitness Clothing segment is estimated at 4.4% CAGR for the next 8-year period.
The global wellness industry is undergoing a transformation, with sports and fitness becoming integral to holistic well-being in the 21st century. This shift is driving increased spending on sports and fitness clothing. Understanding market competition is essential, with insights into key competitors' market share and their presence in the industry.
Sports and fitness clothing encompass a diverse range of apparel tailored for various activities, driven by ongoing innovations. Staying informed about recent market developments and the global economic landscape is crucial for businesses operating in this sector.
The U.S. Market is Estimated at $62.4 Billion, While China is Forecast to Grow at 8.7% CAGR
The Sports and Fitness Clothing market in the U.S. is estimated at US$62.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$65.9 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 856 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $226.8 Billion |
| Forecasted Market Value (USD) by 2030 | $357.3 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Digitalization of Sports & Fitness Apparel & Equipment Gains Momentum
- Athleisure Trend Adds to Sales Volume & Growth Momentum in the Market
- From Concept to Cash, Innovations in Sports Functional Clothing Boosts Sales & Market Growth
- Increased Participation in Active Sports & Fitness Activities to Benefit Market Growth
- Wireless Wearables Are Revolutionizing Sports and Activity Participation: Global Sales of Wireless Health and Fitness Devices (In 000 Units) for Years 2023, 2025 and 2027
- Sustainability and Eco-Friendliness Take Center Stage
- Smart Fabrics Make their Mark in the Sports & Fitness Apparel Space
- 3D Printing Brings About a Revolution in Customization and Design of Sports & Fitness Clothing
- Growing Mass-Market for Sports & Fitness Clothing to Benefit Market Growth
- Women Represent a Large & Lucrative Consumer Cluster. Here's Why
- Online Sales Channel Witnesses Robust Growth
- AI Impact on Sports & Fitness Clothing: A Review
FOCUS ON SELECT PLAYERS(Total 321 Featured)
- Adidas AG
- Amer Sports Corporation
- Billabong International Ltd.
- Banana Republic
- Aiq Smart Clothing Inc.
- Anniel Srl
- A + School Apparel
- ANTA Sports Products Ltd.
- Athletes Only International, Inc.
- Body Science International Pty Limited
- Athleta LLC
- Arround Inc.
- American Marketing & Publishing, L.L.C.
- Apricot Technologies Limited
- Adelaide Football Club
For more information about this report visit https://www.researchandmarkets.com/r/zeuqw8
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