Global Sports Apparel Market Size to Exceed USD 443.78 Billion by 2033: Market Study Report

Global Sports Apparel Market Size to Exceed USD 443.78 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Sports Apparel Market Size is Expected to Grow from USD 232.78 Billion in 2023 to USD 443.78 Billion by 2033, at a CAGR of 6.67% during the forecast period 2023-2033.  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Sports Apparel Market Size, Share, and COVID-19 Impact Analysis, By Sport (Golf, Soccer, Basketball, Baseball, and Other Sports), By End User (Men, Women, and Children), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033                             

The sports apparel market is defined as the industry that manufactures and distributes garments exclusively for athletic events and sport performance. These garments encompass a diverse array of items like jerseys, t-shirts, shorts, leggings, tracksuits, and compression clothing for professional athletes and ordinary fitness participants. Moreover, the sports apparel market is driven by accelerating health awareness, enhanced sports and fitness activity participation, and athletic leisure wear demand growth. Expansion in fabric technology, celebrity sponsorship, and the proliferation of e-commerce websites further accelerate market growth. Increasing disposable incomes and urbanization also fuel the growing demand for sportswear. However, the market for sports apparel is subject to restraints such as high product prices, volatile raw material prices, counterfeiting products, and fierce market competition. Moreover, changing fashion trends and environmental issues regarding synthetic materials influence growth.

The soccer segment accounted for the largest share of the global sports apparel market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on sport, the global sports apparel market is divided into golf, soccer, basketball, baseball, and other sports. Among these, the soccer segment accounted for the largest share of the global sports apparel market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of its enormous international fan base, professional leagues, and growing grassroots involvement. The sale of jerseys, shorts, and training equipment is stimulated by large tournaments, sponsorships, and supporter interest, rendering it the largest segment in the sports apparel market.

The men's segment accounted for a substantial share of the global sports apparel market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the end user, the global sports apparel market is divided into men, women, and children. Among these, the men's segment accounted for a substantial share of the global sports apparel market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is due to increased involvement in sports and exercise activities and a high preference for performance-based and athleisure wear. The demand is also driven by sponsorships, endorsements, and growing health and wellness awareness, making it the leading segment of the industry.

North America is projected to hold the largest share of the global sports apparel market over the projected period.  

Europe is projected to hold the largest share of the global sports apparel market over the projected period. This is driven by a massive level of sport engagement, the robust culture of fitness, and the presence of key brands such as Nike, Adidas, and Under Armour. Furthermore, increased expenditure on premium and performance-oriented sportswear by consumers drives the region's market leadership.

Asia Pacific is expected to grow at the fastest CAGR of the global sports apparel market during the projected period. This is led by growing health awareness, rising disposable income, and growing participation in sports and fitness activities. The region is also supported by a developing e-commerce market and the presence of developing markets such as China and India, where demand for activewear is growing fast.

Company Profiling

Major vendors in the global sports apparel market are Adidas AG, Nike, Inc., Puma SE, Under Armour Inc., Lululemon Athletica Inc., Columbia Sportswear Company, New Balance Athletics Inc., VF Corporation, Fila Holdings Corp., Li Ning Company Limited, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2024, Adidas released the SS24 Paris collection during the German clay season. The range features a core 8-piece apparel collection to assist with increasing awareness around Adidas' yearly Move for The Planet activation.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global 20 Sports Apparel market based on the below-mentioned segments:

Global Sports Apparel Market, By Sport

• Golf
• Soccer
• Basketball
• Baseball
• Other Sports

Global Sports Apparel Market, By End User

• Men
• Women
• Children

Global Sports Apparel Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa