Sportswear Market - Global Outlook and Forecast 2021-2026 with Nike, Adidas, Under Armour, Lululemon, VF Corporation, Puma, Anta, Jockey International Dominating - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Sportswear Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The Global Sportswear Market is expected to grow at a CAGR of over 7% during 2020-2026

The demand for sportswear is expected to witness rapid growth due to the changing lifestyle and growing fitness trend. The sustainable sports apparel market is gaining high momentum and attracting a huge number of customers. The rising demand for athleisure wear is surging in India, China, Japan, and other APAC countries, as it provides benefits to the users.

Retailers such as Amazon are introducing athleisure wear, adding a new product to their portfolio. The ongoing sportswear market trends of athleisure wear are generating high revenues from the various brands. The increasing participation of women in sports activity creates lucrative opportunities for the players to grow in the sports apparel market. The changing perception of the people in the Middle Eastern countries about athletics products is driving the growth of the market.

H&M is collaborating with the Swedish Olympic team to expand its product line into athletic products. The advent of COVID-19 across regions is forcing the companies to work from home, encouraging people to involve more in fitness activities. The UK government is taking steps to organize women's sports, create awareness about the benefit of sports and fitness activities, and launching various campaigns and programs.

With the increase in participation and government initiatives, the market for women's sports and activewear will continue to grow YoY during the forecast period. Sportswear companies focus on marketing and sales, as this plays a significant role in enhancing their products' visibility.

Competitive Landscape

The presence of various international and local players is intensifying the competition in the global sportswear market. Some of the key vendors globally are Nike, Adidas, Under Armour, Lululemon, VF Corporation, Puma, Anta, Jockey International, and others.

Players compete in terms of quality, variety, availability, price, and other factors. New players are entering and catering to a niche segment and later expanding to different segments to gain traction in the market. Companies with high financial resources are enjoying several advantages over the players with less financial resources.

Key Questions Answered

• How big is the sportswear market?
• What is the sportswear market growth?
• Which segment accounted for the largest sportswear market share?
• Who are the leading players in the market?
• What are the key factors enabling the sports apparel industry growth?
• Which is the largest revenue-generating region in the activewear market?

Market Dynamics

Market Opportunities & Trends

• Rising Popularity of Athleisure Wear
• Increasing Participation of Women In Sports and Fitness Activities
• Rise in Demand For Sustainable Sportswear

Market Growth Enablers

• Expanding Population of Health-Conscious Individuals
• Growing Popularity of Outdoor Activities
• Increasing Participation in Sports

Market Restraints

• Easy Availability of Counterfeit Products
• Fluctuation in Raw Material Prices
• Low Penetration of Sportswear In Developing Countries

Key Vendors

• Nike Inc.
• Adidas
• Puma SE
• Lululemon Athletica Inc
• Under Amour
• Asics
• Hanes
• Jockey
• VF Corporation
• Anta Sports

Other Prominent Vendors

• Li Ning Group
• Ralph Lauren Corporation
• Umbro
• Columbia Sportswear Company
• New Balance
• Enerskin
• Obermeyer
• Volcom
• Patagonia
• Elite Sportswear
• Decathlon
• Alo
• Gymshark
• JD Sports
• Castore
• Contra
• HRX
• Varley
• Outdoor Voices
• Redesign
• Marmot
• Trepass
• Montbell
• Stretchery
• Formative Sports
• The Upside
• PE Nation
• Diadora
• Hoka One One

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Opportunities & Trends

9 Market Growth Enablers

10 Market Restraints

11 Market Landscape

12 Product

13 End-user

14 Distribution Channel

15 Activity Type

16 Geography

For more information about this report visit https://www.researchandmarkets.com/r/iwu3hz