NEW YORK, April 4, 2022 /PRNewswire/ -- The Sports and Fitness Wear Market value is set to grow by USD 66.06 billion, progressing at a CAGR of 4.75% from 2021 to 2026, as per the latest report by Technavio.
The rising number of sports tournaments is notably driving the sports and fitness wear market growth, although factors such as volatile raw material prices may impede the market growth. Moreover, the sports and fitness wear market is segmented by end-user (women and men), product (top wear, bottom wear, and support items), application (outdoor, sports-inspired, and performance), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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Sports and Fitness Wear Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.75% |
Market growth 2022-2026 |
$ 66.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.67 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Deckers Outdoor Corp., Kappa, Karhu Holding BV, Li Ning Co. Ltd., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Nike Inc., Patagonia Inc., PUMA SE, Ralph Lauren Corp., Skechers USA Inc., The Gap Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Some of the Key Topics Covered in the Report Include:
Sports and Fitness Wear Market Driver
The rising number of sports tournaments is one of the key drivers supporting the sports and fitness wear market growth. The sports industry has experienced an upsurge in the number of tournaments. The growing interest of the population worldwide in sports activities can increase the sales of sports and fitness wear. For instance, the rise in the number of registered baseball players has led to an increasing number of baseball and softball tournaments and matches. For example, American Athletic Conference Baseball Tournament, which was first organized in 2014, is a college-level baseball conference championship tournament. Such tournaments will popularize baseball globally and benefit the global baseball equipment market. This, in turn, will drive the global sports and fitness wear market during the forecast period.
Sports and Fitness Wear Market Challenge
Volatile raw material prices is one of the factors hindering the sports and fitness wear market growth. The key market manufacturers, including adidas, Nike, and PUMA, are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among the vendors in the market. As the establishment costs are low, there is an increase in the influx of local players. The emergence of local players leads to price wars among the market competitors. This compels the vendors to reduce the prices of their products, which, in turn, will affect their profit margins. Therefore, the increasing price of raw materials negatively affects the profit margins of the vendors and thereby limiting the market growth.
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Sports and Fitness Wear Market: Segmentation Analysis
The sports and fitness wear market share growth by the women segment will be significant during the forecast period. The increase in the population of working women, rise in demand from developing countries, and recovery from the recession are some of the factors driving this segment. Participation of women in sports and fitness activities has also increased considerably. This has bridged the gap in male and female participation ratio and propelled the per-unit sales of sports and fitness wear. Moreover, women are more fashion-conscious than men, which compels key competitors to upgrade their product line with new designs and styles to attract more women consumers. Due to all these factors, the segment is expected to grow at a high rate during the forecast period.
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Sports and Fitness Wear Market: Regional Analysis
36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the sports and fitness wear market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in participation of people in regular fitness and sports activities will facilitate the sports and fitness wear market growth in APAC over the forecast period.
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Vendor Landscape
The sports and fitness wear market report offers information on several market vendors, including adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Deckers Outdoor Corp., Kappa, Karhu Holding BV, Li Ning Co. Ltd., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Nike Inc., Patagonia Inc., PUMA SE, Ralph Lauren Corp., Skechers USA Inc., The Gap Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. among others.
Moreover, the market is fragmented and the vendors are deploying growth strategies such as price, quality, brand, and variety to compete in the market.
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Table of Contents
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 02: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 03: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 04: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 05: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 06: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 07: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 09: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
5.1 Market segments
The segments covered in this chapter are Women and Men.
Exhibit 10: Chart on End-user - Market share 2021-2026 (%)
Exhibit 11: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 12: Chart on Comparison by End-user
5.3 Women - Market size and forecast 2021-2026
Exhibit 13: Chart on Women - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Women - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Women - Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Women - Year-over-year growth 2021-2026 (%)
5.4 Men - Market size and forecast 2021-2026
Exhibit 17: Chart on Men - Market size and forecast 2021-2026 ($ billion)
Exhibit 18: Data Table on Men - Market size and forecast 2021-2026 ($ billion)
Exhibit 19: Chart on Men - Year-over-year growth 2021-2026 (%)
Exhibit 20: Data Table on Men - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by End-user
Exhibit 21: Market opportunity by End-user ($ billion)
6 Market Segmentation by Product
6.1 Market segments
The segments covered in this chapter are Top wear, Bottom wear, and Support items.
Exhibit 22: Chart on Product - Market share 2021-2026 (%)
Exhibit 23: Data Table on Product - Market share 2021-2026 (%)
6.2 Comparison by Product
Exhibit 24: Chart on Comparison by Product
Exhibit 25: Data Table on Comparison by Product
6.3 Top wear - Market size and forecast 2021-2026
Exhibit 26: Chart on Top wear - Market size and forecast 2021-2026 ($ billion)
Exhibit 27: Data Table on Top wear - Market size and forecast 2021-2026 ($ billion)
Exhibit 28: Chart on Top wear - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Top wear - Year-over-year growth 2021-2026 (%)
Exhibit 30: Chart on Bottom wear - Market size and forecast 2021-2026 ($ billion)
Exhibit 31: Data Table on Bottom wear - Market size and forecast 2021-2026 ($ billion)
Exhibit 32: Chart on Bottom wear - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Bottom wear - Year-over-year growth 2021-2026 (%)
6.4 Support items - Market size and forecast 2021-2026
Exhibit 34: Chart on Support items - Market size and forecast 2021-2026 ($ billion)
Exhibit 35: Data Table on Support items - Market size and forecast 2021-2026 ($ billion)
Exhibit 36: Chart on Support items - Year-over-year growth 2021-2026 (%)
Exhibit 37: Data Table on Support items - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Product
Exhibit 38: Market opportunity by Product ($ billion)
7 Market Segmentation by Application
7.1 Market segments
The segments covered in this chapter are Outdoor, Sports-inspired, and Performance.
Exhibit 39: Chart on Application - Market share 2021-2026 (%)
Exhibit 40: Data Table on Application - Market share 2021-2026 (%)
7.2 Comparison by Application
Exhibit 41: Chart on Comparison by Application
Exhibit 42: Data Table on Comparison by Application
7.3 Outdoor - Market size and forecast 2021-2026
Exhibit 43: Chart on Outdoor - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Data Table on Outdoor - Market size and forecast 2021-2026 ($ billion)
Exhibit 45: Chart on Outdoor - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Outdoor - Year-over-year growth 2021-2026 (%)
7.4 Sports-inspired - Market size and forecast 2021-2026
Exhibit 47: Chart on Sports-inspired - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Data Table on Sports-inspired - Market size and forecast 2021-2026 ($ billion)
Exhibit 49: Chart on Sports-inspired - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Sports-inspired - Year-over-year growth 2021-2026 (%)
7.5 Performance - Market size and forecast 2021-2026
Exhibit 51: Chart on Performance - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Data Table on Performance - Market size and forecast 2021-2026 ($ billion)
Exhibit 53: Chart on Performance - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Performance - Year-over-year growth 2021-2026 (%)
Exhibit 55: Market opportunity by Application ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2021-2026 (%)
Exhibit 58: Data Table on Market share by geography 2021-2026 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2021-2026
Exhibit 61: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 62: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
9.4 North America - Market size and forecast 2021-2026
Exhibit 63: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 65: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2021-2026 (%)
9.5 APAC - Market size and forecast 2021-2026
Exhibit 67: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2021-2026 (%)
9.6 Europe - Market size and forecast 2021-2026
Exhibit 71: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2021-2026 (%)
9.7 South America - Market size and forecast 2021-2026
Exhibit 75: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 77: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2021-2026 (%)
9.8 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
9.9 US - Market size and forecast 2021-2026
Exhibit 83: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2021-2026 (%)
9.10 China - Market size and forecast 2021-2026
Exhibit 87: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2021-2026 ($ billion
Exhibit 89: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2021-2026 (%)
9.11 Germany - Market size and forecast 2021-2026
Exhibit 91: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2021-2026 (%)
9.12 UK - Market size and forecast 2021-2026
Exhibit 95: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2021-2026 (%)
9.13 Japan - Market size and forecast 2021-2026
Exhibit 99: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 100: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibit 101: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2021-2026 (%)
9.14 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.1.1 Rising number of sports tournaments
10.1.2 Increasing interest in physical fitness activities due to several health benefits
10.1.3 Product premiumization due to the introduction of more innovative sports and fitness wear
10.2 Market challenges
10.2.1 Volatile raw material prices
10.2.2 Increasing pressure on market competitors for involving category sustainability
10.2.3 Growing popularity of anti-sweatshop movement campaigns
Exhibit 104: Impact of drivers and challenges in 2021 and 2026
10.3 Market trends
10.4.1 Technological advances in sports and fitness wear
10.4.2 Growth in the number and membership of health and fitness clubs
10.4.3 Advent of customized and personalized sports and fitness wear
11. Vendor Landscape
11.1 Competitive scenario
11.2 Vendor landscape
Exhibit 105: Vendor Landscape
11.3 Landscape disruption
Exhibit 106: Landscape disruption
11.4 Industry risks
Exhibit 107: Industry risks
12. Vendor Analysis
12.1 Vendors covered
Exhibit 108: Vendors covered
12.2 Market positioning of vendors
Exhibit 109: Matrix on vendor position and classification
12.3 adidas AG
Exhibit 110: adidas AG - Overview
Exhibit 111: adidas AG - Business segments
Exhibit 112: adidas AG - Key news
Exhibit 113: adidas AG - Key offerings
Exhibit 114: adidas AG - Segment focus
12.4 ASICS Corp.
Exhibit 115: ASICS Corp. - Overview
Exhibit 116: ASICS Corp. - Business segments
Exhibit 117: ASICS Corp. - Key news
Exhibit 118: ASICS Corp. - Key offerings
Exhibit 119: ASICS Corp. - Segment focus
12.5 Brooks Sports Inc.
Exhibit 120: Brooks Sports Inc. - Overview
Exhibit 121: Brooks Sports Inc. - Product / Service
Exhibit 122: Brooks Sports Inc. - Key offerings
About Technavio
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SOURCE Technavio
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