Sportswear Market Size to Reach Revenues of around USD 544 Billion by 2026 - Arizton
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Sportswear Market – Segmentation
Sportswear Market by Product Type
Sportswear Market by End-User
Sportswear Market by Distribution Channel
Sportswear Market by Activity Type
Sportswear Market – Dynamics
Many vendors use a variety of synthetic fibers, such as nylon and polyester, to manufacture sportswear. Although these raw materials used in sportswear offer functional benefits, such as light weight, moisture management, and flexibility, they pose a significant threat to the environment. Synthetic fabrics shed a lot of microfibers while washing and do not last long if used regularly. Hence, many customers are shifting from such sportswear to sustainable sportswear. Sustainable sportswear is manufactured using raw materials such as organic cotton, recycled plastic, organic bamboo, and other natural fibers that are not harmful to the environment. Consequently, the demand for sustainable sportswear is expected to witness considerable growth during the forecast period.
Key Drivers and Trends fueling Market Growth:
Sportswear Market – Geography
Factors such as growing awareness of the benefits of a healthy lifestyle, increasing internet penetration, rising participation in outdoor activities are driving the sportswear market in the in North America. The US accounts for the largest share of the sportswear market in this region, followed by Canada. Some of the leading sportswear brands in the region are Nike, Lululemon, and Columbia. COVID-19 has resulted in a slowdown of the sportswear market in Q1 and Q2 of 2020 due to the shutdown of all the public spaces, fitness centers (includes yoga, gym, Zumba, and others), production facilities, and labor shortages. Furthermore, all the sports events were either postponed or canceled. However, there was a slight rise in the sportswear market in Q3 and Q4 of 2020 due to an increase in demand for comfortable clothes, as a majority of the population were working from home and many fitness enthusiasts engaged in at-home workouts. There was a rise in demand for sportswear such as fleece hoodies, stretchy pants, shorts, yoga bottoms, and others.
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Segmentation by Geography
Major Vendors
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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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