Sportswear also called active wear includes
clothing and gear worn during playing any sports and doing exercises, where it
may include specific types of apparel and shoes to suit the sports activity.
The sportswear market outlook is driven by rapid innovation and increasing
health awareness among people around the world.
The growing number of participants in
various outdoor sporting events, such as soccer, cricket, and tennis, is
driving the Sports Wear Market demand across the globe. This is favored by increasing
disposable income and so the higher consumer spending power, which has led the
consumers to purchase these specialty products allowing them to enjoy comfort
while being outdoors.
ongoing advancements in product
manufacturing technologies to develop enhanced sportswear that provides a high
level of comfort to consumers is anticipated to stimulate the sportswear market
trends in the upcoming years. Consumers
are becoming increasingly health and fitness conscious due to lifestyle
impairments and high stress usually faced at workplaces. This group of
consumers is likely to adopt a variety of fitness activities, such as swimming,
gyms and running, to stay active and healthy, thereby fueling the product
demand in the years to come.
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Moreover, the growing demand for
fashion-friendly sports apparel has led key players to introduce innovative
products that meet the needs of consumers.
This has further increased the demand for sports apparel and footwear
among all end-user groups and expanded the sportswear market. The sportswear
industry makes use of various technologies to enhance product aspects. for
instance, the products developed using nanotechnology, microfibers, and
insulators, are seen gaining popularity in the sportswear market.
As more and more people are adopting an
active lifestyle owing to health awareness, it has directly increased the
demand for sportswear around the world. Besides, some of the local governments
in both developed and developing nations have been promoting sports programs to
schools and academic institutions, which should also boost product consumption
in the global market.
However, the presence of fake products or
well known as the 'first copy products' which well imitate the products
developed by larger brands, and generally prices much lower than the original
is likely to hinder the major players dominating the sportswear market.
Low-income groups are often seen opting for such counterfeit products because of
their significantly lower prices, thereby curbing the sportswear market growth.
The global sportswear market report from Report Hive Research is segmented into product type, end-user, distribution channel, and geography. From a product perspective, the market has been divided into top-wear, bottom-wear, hats, sports shoes, and accessories, etc. Based on end-users, markets can be categorized into men, women, and children. The male segment accounts for a major share of the global sportswear market, owing to elevated levels of fitness consciousness observed in men as compared to women. However, the female segment is also projected to expand significantly due to fashion sense added to the products.
Based on distribution channels, the global
sportswear market is indeed segmented into online channels and offline
channels, where is Offline channel is further divided into hypermarkets and
supermarkets, specialty stores, and department stores. Geographically, the
North America sportswear market share is presumed to grow at a significant CAGR
during the forecast period owing to an upsurge in the adoption of new
technologies to manufacture sports apparels and gears.