Global Sports & Fitness Clothing Market cross USD221.3 Bn Mark by 2026
23 March 2022: Global Sports & Fitness Clothing Market is expected to cross USD221.3 billion mark by 2026, according to a market study published by Global Industry Analysts Inc., (GIA). GIA’s Report titled “Sports & Fitness Clothing – Global Market Trajectory & Analytics,” states that amid the COVID-19 crisis, the global market for Sports & Fitness Clothing is estimated to touch about US$182.8 billion in 2022. Sports Apparel, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$193.9 billion by the end of the analysis period.
Sports & Fitness Clothing market in the USA alone is estimated at US$64.9 billion in 2022. China is forecast to reach a projected market size of US$27 billion by the year 2026. Among the other markets are Japan and Canada, each forecast to grow at 3.2% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
The ongoing health and wellness trend continues to be the primary driver of the global sports & fitness apparel market, prompting consumers to spend on these apparels, mainly sportswear and active wear products. The market growth is also propelled by rising adoption of functionality-specific apparels and footwear and technological advancements. The use of engineered fabrics in functional apparel offers protects from extreme cold or heat, chemicals and radiation.
These fabrics can absorb sweat and keep users cooler in summer and warm in winters. Some of the latest functional apparel are made using anti-bacterial materials capable of preventing body odor. On the other hand, athletic footwear offered by major brands maximizes user comfort and improves athletic performance while reducing the risk of injuries.Moreover, increasing focus of various medical laboratories on R&D is expected to bolster the adoption of medical laboratory-wear apparels. These factors are slated to help the global functional apparel market in experiencing a consistent growth over the coming years.
According to the report, Global market for Top Wear (Type) segment is estimated at US$80.3 billion in 2022, and is projected to reach US$100.5 Billion by 2026 reflecting a compounded annual growth rate of 5.1% over the analysis period.
