Dublin, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The "Sports and Fitness Clothing - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sports and Fitness Clothing is estimated at US$238.8 Billion in 2023 and is projected to reach US$357.3 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the sports and fitness clothing market is driven by several factors, including increasing participation in physical activities and a heightened awareness of health and wellness. The proliferation of fitness apps and virtual workout platforms has made fitness more accessible, leading to greater demand for appropriate apparel. Technological innovations in fabrics and garment design, such as moisture-wicking, antimicrobial, and UV-protective properties, are attracting consumers looking for high-performance clothing. The shift towards sustainable and ethical production practices is also a significant driver, as modern consumers prioritize eco-friendly options.
Furthermore, the convenience of e-commerce and the effectiveness of digital marketing strategies have expanded the market reach, making sportswear more accessible to a global audience. The influence of social media and fitness influencers, who often showcase the latest trends and products, continues to amplify market growth by inspiring and motivating consumers.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Sports Apparel segment, which is expected to reach US$293.2 Billion by 2030 with a CAGR of a 6.3%. The Fitness Clothing segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $65.2 Billion in 2023, and China, forecasted to grow at an impressive 8.8% CAGR to reach $65.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Sports and Fitness Clothing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sports and Fitness Clothing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Sports and Fitness Clothing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as adidas AG, Anta Sports Products Limited, ASICS Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 321 Featured):
- adidas AG
- Anta Sports Products Limited
- ASICS Corporation
- Columbia Sportswear Company
- Elite Sportswear, L.P.
- FILA Holdings Corporation
- Gap, Inc.
- Kappa
- Li Ning Company Limited
- lululemon athletica
- Mizuno USA, Inc.
- NIKE, Inc.
- Patagonia, Inc.
- Peak Sport Products Co. Ltd.
- Puma SE
- Under Armour, Inc.
- VF Corporation
Key Attributes
| Report Attribute | Details |
| No. of Pages | 856 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $238.8 Billion |
| Forecasted Market Value (USD) by 2030 | $357.3 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Game is On for Global Wellness. Here's How Sports & Fitness is Shaping Holistic Wellbeing in the 21st Century
- Embracing Sports for a Complete Wellness Revolution Means Larger Share of Spending on Wellness Will be Directed Towards Sports & Fitness Clothing: Global Spending on Wellness (In US$ Trillion) for Years 2023, 2025, 2027 and 2029
- Global Economic Update
- Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Global Inflation Rates (In %) for the Years 2019 through 2024
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Sports and Fitness Clothing - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Sports & Fitness Clothing: Definition, Scope, & Types
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/yfyliy
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