Sports Apparel Market to Hit USD 271.77 Billion by 2030: Fortune Business Insights
13 April 2023: Global sports apparel market share was valued at USD 195.50 Billion in 2022 and is expected to reach USD 203.26 Billion in 2023. Industry is projected to be valued at USD 271.77 Billion by 2030, recording a CAGR of 4.24% during the forecast period.
The market has registered steady growth in recent years due to factors, such as new product launches and rising participation in sports activities in countries, such as India, USA and others. The growing preference for outdoor recreational activities among the young population has contributed significantly towards the sales of sports apparel. This aspect, along with rising health consciousness and growing inclination towards sports will accelerate the global sports apparel market growth.
Fortune Business Insights™ presents this information in a report titled, “Global Sports Apparel Market, 2023-2030.”
List of Key Players Profiled in Sports Apparel Market Report .. Nike, Inc. (USA), Adidas AG (Germany), Puma SE (Germany), Lululemon Athletica, Inc. (Canada), Under Armour, Inc. (USA), Columbia Sportswear Company (USA), Asics Corporation (Japan), FILA Holdings Corp. (South Korea), Mizuno (Japan), and LI Ning Company Ltd. (China)
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