Global Sports Fitness Wear Market Report 2024: Trends, Insights, and Projections
Sports And Fitness Wears Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Sports And Fitness Wears Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, June 20, 2024 /EINPresswire.com/ -- The global sports and fitness wear market is projected to grow from $67.58 billion in 2023 to $71.48 billion in 2024, at a CAGR of 5.8%. This growth is attributed to increasing fitness and health awareness, the athleisure trend, celebrity endorsements, technological innovations, and the rise of e-commerce. The market is anticipated to reach $89.94 billion by 2028, driven by sustainability, digitalization, emerging markets, and innovation in performance wear.
Increasing Focus on Sports Participation Drives Market Growth
The increasing focus on sports participation is a significant factor contributing to the growth of the sports and fitness wear market. Sports participation involves engagement in various sports and physical activities, offering practical benefits such as performance enhancement and injury prevention.
According to the Sports & Fitness Industry Association (SFIA), 236.9 million Americans, or 77.6% of the population, engaged in at least one sport activity in 2023, marking a 1.9% increase from 2021. Pickleball, in particular, saw a participation increase of 85.7% year-over-year. This growing participation will propel the sports and fitness wear market forward.
Explore comprehensive insights into the global sports and fitness wear market with a detailed sample report:
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Major Players and Market Trends
Major companies in the sports and fitness wear market include Nike Inc., Adidas AG, Decathlon Group, and The Gap Inc. These companies focus on product innovation and personalization, such as customized running shoes. For instance, ASICS Corporation launched the ASICS x Solana UI Collection in November 2022, featuring custom-made GT-2000 11 running shoes available globally via Solana Pay as part of its Web3 strategy.
Trends in the Sports and Fitness Wear Market
The market is witnessing several key trends, including the rise of direct-to-consumer (DTC) brands, a focus on inclusivity and diversity, and the expansion of sustainable product lines. Additionally, the integration of augmented reality (AR) and virtual reality (VR) technologies, along with health monitoring and fitness tracking features, are becoming more prevalent in sports and fitness wear.
Market Segments:
• Product: Top Wear, Bottom Wear, Support Items
• Application: Outdoor, Sports-Inspired, Performance
• End User: Men, Women
Geographical Insights: North America Leading the Market
North America was the largest region in the sports and fitness wear market in 2023. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Sports And Fitness Wears Global Market Report 2024 from TBRC covers the following information:
1. Market size data for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Sports And Fitness Wears Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on sports and fitness wears market size, sports and fitness wears market drivers and trends, sports and fitness wears market major players, competitors' revenues, market positioning, and market growth across geographies. The sports and fitness wears market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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