Sports Apparel Market Report 2024 (Global Edition)

Global Sports Apparel Market Report 2024 Market Size Split by Sports (Soccer, Basketball, Baseball, Cricket, Field Hockey, Tennis, Volleyball, Table Tennis, Golf, American Football, Others), by Materi...

Sports Apparel Market Report Description

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Sports Apparel Market Insights Video

Competitive Landscape of the Sports Apparel Market

There is fierce competition among the competitors in the global sports apparel market for a sizable market share. To keep ahead of the competition and provide their clients with cutting-edge solutions, the top businesses in the media, communication, and services sectors make significant investments in R&D. Several of the industry's leading companies are present throughout the world. In order to better serve their clients, they are also concentrating on growing their product line and improving their distribution systems.

May 2024: For Germany's clay season, Adidas unveiled the SS24 Paris line. To help spread the word about Adidas' yearly Move For The Planet initiative, the line features an essential 8-piece apparel assortment. (Source: https://news.adidas.com/tennis/adidas-introduces-its-ss24-paris-collection---designed-to-help-players-move-comfortably-on-clay/s/eca841c2-8030-40fe-aec8-beba4faf2e9a ) April 2024: Adidas introduced athletic wear in preparation for the 2024 Olympic and Paralympic Games in Paris. Adidas used the sports logo on clothing designed for each of its 15 teams, which it officially sponsors, to demonstrate its love for the game. (Source: https://news.adidas.com/training/adidas-unveils-official-team-wear-for-paris-2024/s/07b7f570-0a5a-4f21-99a3-2f8b752a9d37 ) February 2023: Nike Zenvy and the Nike Go leggings line for women were the first to be unveiled by the sports apparel giant. The newest line of sports apparel features textiles with varying strengths and sizes, catering not just to a wide range of Asian body shapes but also to the needs of all women's sporting activities. (Source: https://daoinsights.com/news/nike-launches-new-leggings-series-eyeing-womens-sports/ ) January 2023: In an effort to increase its market share in Asia Pacific, athletic clothing company Lululemon has announced the opening of a new e-commerce website called "Lazada." The brand's flagship store on Lazmall is being launched. Furthermore, this is the brand's first Asian e-commerce collaboration. (Source: https://www.thedrum.com/news/2023/01/23/lululemon-partners-with-lazada-bid-supercharge-its-growth-across-apac )

Top Companies Market Share in Sports Apparel Industry: (In no particular order of Rank)

• Nike Inc. (US)
• Anta Sports Products Limited (China)
• Adidas AG (Germany)
• ASICS Corporation (Japan)
• New Balance Athletics
• Inc. (US)
• Columbia Sports apparel Company (US)
• VF Corporation (US)
• Decathlon Group (France)
• Skechers USA
• Inc. (US)
• Under Armour
• Inc. (US)
• Puma SE (Germany)
• Li Ning Company Limited (China)
• Lululemon Athletica Inc. (Canada)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Sports Apparel Market

Which Region Dominates the Sports Apparel Market in 2024?

According to Cognitive Market Research, North America currently dominates the Sports Apparel market, and the region is expected to have significant growth during the projected period because there is a strong sports culture, a high rate of participation in sports, and a large number of significant sports apparel businesses. Due in large part to its population's active lifestyle and fitness consciousness, the US, in particular, makes a substantial contribution to the market size in the area.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of the expanding trend of sports involvement, urbanization, and rising disposable income. Nations like Australia, South Korea, Japan, China, India, and South Korea are witnessing significant market expansion. The demand for sports apparel in the area is being driven by the growing trend towards a more health-conscious lifestyle. The expansion of the sports clothing industry in Asia Pacific is further aided by the prominence of major sporting events and the influence of sports personalities.

The current report Scope analyzes Sports Apparel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Sports Apparel

According to Cognitive Market Research, the global Sports Apparel market size was estimated at USD 205614.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 82245.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Sports Apparel market with a market size of USD 64891.84 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period influenced by a number of elements, such as a culture that values fitness and active lives and a strong demand for sports apparel.
• The Canada Sports Apparel market had a market share of USD 9869.48 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period bolstered by creative marketing, technological, and design approaches.
• The Mexico Sports Apparel market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 7484.36 million in 2024.

Europe Sports Apparel

According to Cognitive Market Research, the global Sports Apparel market size was estimated at USD 205614.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 61684.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Sports Apparel market had a market share of USD 10362.96 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period because of the increased popularity of sports throughout the nation and their growing influence.
• The France Sports Apparel market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5674.95 million in 2024.
• According to Cognitive Market Research, the German Sports Apparel market size was valued at USD 12213.48 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period due to the increase in people of all ages engaging in outdoor recreational activities.
• The Italy Sports Apparel market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 5304.85 million in 2024.
• The Russia Sports Apparel market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 9561.06 million in 2024.
• The Spain Sports Apparel market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 5058.11 million in 2024
• The Luxembourg Sports Apparel market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1912.21 million in 2024.
• The Portugal Sports Apparel market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 1295.37 million in 2024.
• The Greece Sports Apparel market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 740.21 million in 2024.
• The Rest of Europe's Sports Apparel market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 9561.06 million in 2024.

Asia Pacific Sports Apparel

According to Cognitive Market Research, the global Sports Apparel market size was estimated at USD 205614.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 47291.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Sports Apparel market size was valued at USD 21281.07 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The nation's growing reliance on sports like baseball, football, and basketball has greatly aided the market's development.
• The Japan Sports Apparel market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 6526.19 million in 2024.
• The India Sports Apparel market had a market share of USD 5674.95 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period influenced by several factors, including a culture that places a high emphasis on physical activity and fitness as well as a significant market for sports apparel.
• The South Korean Sports Apparel market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 4729.13 million in 2024.
• The Australian Sports Apparel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 2459.15 million in 2024.
• The South East Asia Sports Apparel market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 3263.10 million in 2024.
• The Rest of Asia Pacific Sports Apparel market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 3357.68 million in 2024.

South America Sports Apparel

According to Cognitive Market Research, the global Sports Apparel market size was estimated at USD 205614.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 10280.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Sports Apparel market size was valued at USD 4400.14 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period supported by innovative design, technology, and marketing strategies.
• Argentina's Sports Apparel market had a market share of USD 1727.16 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period due to the nation's rising appreciation for sports and their expanding influence.
• Colombia Sports Apparel market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 914.98 million in 2024.
• Peru Sports Apparel market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 843.02 million in 2024.
• Chile Sports Apparel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 740.21 million in 2024.
• The Rest of Latin America's Sports Apparel market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1655.19 million in 2024.

Middle East and Africa Sports Apparel

According to Cognitive Market Research, the global Sports Apparel market size was estimated at USD 205614.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4112.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Sports Apparel market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1760.06 million in 2024 because more individuals of all ages are participating in outdoor recreational activities.
• The Egypt Sports Apparel market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 431.79 million in 2024.
• The South Africa Sports Apparel market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 649.74 million in 2024. Growth in the market has been largely supported by the nation's rising reliance on sports like basketball, football, and baseball.
• The Turkey Sports Apparel market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 353.66 million in 2024.
• The Nigeria Sports Apparel market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 431.79 million in 2024.
• The Rest of the MEA Sports Apparel market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 485.25 million in 2024.

Sports Apparel Market Analysis

Sports Apparel Market Sports Segment Analysis

According to Cognitive Market Research, cricket category is likely to dominate the Sports Apparel Market over the forecast period. While advances in fabric technology provide players with performance-enhancing gear, leagues like the Indian Premier League (IPL) have generated chances for garment producers to appeal to big fan bases desiring branded items. The growth of professional and recreational cricket play, as well as the sport's spread into new areas, are driving the demand for cricket sports apparel.

The soccer is the fastest-growing segment in the Sports Apparel Market driven by the sport's widespread appeal. Due to soccer's widespread popularity in Europe, South America, and Asia Pacific, both players and fans are investing in high-quality clothing, which has increased demand for specialist equipment such as jerseys, shorts, and cleats. Global businesses are expanding their product lines to suit the growing demand of consumers, as evidenced by the growing popularity of major international tournaments like the FIFA World Cup and UEFA Champions League.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sports Apparel Industry. Request a Free Sample PDF!

Sports Apparel Market Type of print Segment Analysis

According to Cognitive Market Research, the water based segment holds the largest market share because of its eco-friendly qualities and the growing desire among consumers for sustainable fashion choices. Water-based transfers are very popular among brands and customers that care about the environment because they use water as a solvent, eliminating the need for dangerous chemicals and lowering environmental effects. Their extensive use in sports apparel, where comfort and performance are crucial, is also largely due to their breathability and durability.

In the Sports Apparel market, the rapidly growing sector is the reflective transfer category driven by the growing emphasis on safety in athletic apparel. Reflective transfers improve visibility and are perfect for outdoor and active wear, especially in low light. The popularity of outdoor sports like cycling and jogging has increased demand for luminous sports apparel. Innovations in reflecting technology have contributed to this rise by enabling more adaptable, high-performing designs that maintain comfort and style.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sports Apparel Type of Print Segment Analysis

Sports Apparel Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the discount stores segment dominates the market. Discount stores provide branded merchandise at reduced prices from many brands, including Adidas, Puma, and Nike. Customers like to shop at discount stores because they buy things directly from manufacturers and have access to the newest and freshest merchandise. Customers highly favor these shops since they also provide substantial discounts on branded goods.

E-commerce is projected to be the fastest-growing segment in the Sports Apparel market. Due to the pandemic's restrictions on transportation and shifting consumer preferences toward avoiding physical businesses, e-commerce sites have seen an enormous increase in popularity. Furthermore, companies that dealt in sports apparel and were able to adjust to digital channels like e-commerce prospered during the epidemic.

• Water Based
• Silicone Emboss
• Reflective Transfer
• Pigment
• High Density
• Foil
• Glitter
• Cracking Ink
• Discharge
• All Over Print
• Photo Print
• Others

Sports Apparel End-user Segment Analysis

Sports Apparel Market End-user Segment Analysis

According to Cognitive Market Research, the men segment dominates the market. This is because more males are engaging in outdoor sports like football, swimming, jogging, and other activities. Moreover, the introduction of novel items designed to improve workout performance and composed of cozy and light fabrics like lycra, mesh, neoprene, sports fleece, and others is anticipated to fuel the growth of the men's subsegment throughout the projection period.

Women are projected to be the fastest-growing segment in the Sports Apparel market. The main reason for this expansion is the rise in the number of women participating in sports and fitness activities, including jogging, aerobics, gym memberships, swimming, and other sports. Additionally, women actively participate in outdoor sports, including biking, trekking, hiking, and other activities. Women also care more about how they appear, which makes them more drawn to buying contemporary, comfortable, and fashionable sports apparel.

• Men
• Women
• Children

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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