The sports apparels are majorly designed with an idea to provide comfort and agility, especially during physical . Last year, the demand for sports leisure styles increased by 16% to $9.6bn in sales, while sales of performance apparel dropped by 10% to $7.4bn. The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey's Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. The global sportswear market size is significant, and experts predict that it will continue to grow in the upcoming years. Manufacturing hubs all around the world were suffering from a major negative impact. Global Snow Sports Apparel Market is expected to grow at a CAGR of 2.2% throughout the forecast period, to reach US$ 1687 Mn by 2027. Press release - WISEGUY RESEARCH CONSULTANTS PVT LTD - Sports Equipment and Apparel Market Size 2020 Global Business Trends, Modest Analysis, Statistics, Forecast 2020-2026 - published on openPR.com "Much good work has been done in the sports retail business, but there is so much more than can be done. The overall retail landscape is shifting and consumer behavior is changing, which means that being able to make quick, confident, and informed decisions is critical to remain relevant. The Sportswear in India report includes: Analysis of key supply-side and demand trends. The Global Sports Apparel Market Size is expected to reach $202 billion by 2022, growing at a CAGR of 5.9% during 2016 -2022. The global sports apparel industry is witnessing rapid growth due to growth in the number of health and fitness-conscious individuals. Predictive analytics and forecasting are not new marketing trends but as AI continues to advance several tools they are offering accessible data, computing power, and usability to different sized businesses. . 2020 1st quarter 2021 2nd quarter 2021 3rd quarter 2021; Number of establishments. In 2021, the US sporting goods company topped the ranking for the seventh time in a row. Nike dominates nearly every sport, holding sponsorships with . In athletic footwear, both men's and women's declined in the mid-single-digits, while the kids market was down in the high- single-digits. Found in 1908, Converse is a global brand focusing on sports wear, apparel, shoes, equipment and much more. Manufacturing hubs all around the world were suffering from a major negative impact. Even more impressive was that unlike most years, when sports and fitness sales patterns tend to mimic . advertisement. This year, the sportswear market will be worth over $379 billion. Last year marked a major milestone year for the esports industry. In 2019, its global sales reached $13.6 billion, making it one of the top 10 largest footwear companies in the world. As of December 31, 2020, Nike's market capitalization exceeded 222 billion U.S. dollars, more than triple that of its closest competitor, Adidas. Fitness and Athletic Clothing Stores in Australia - Industry Market Research Report. The global sports footwear market size was USD 93.57 billion in 2020. According to the National Council of Textile Organizations (NCTO), the U.S. textile and apparel market size was valued at USD 64.4 billion when measured by the value of industry shipments in 2020, meanwhile, U.S. exports of fiber, textiles, and apparel were USD 25.4 billion in 2020. Sporting goods earned the UK 554 million in sales in 2020. As a global fashion industry and retail . Our 2020 COVID-19 adjusted estimate of $79.8 billion comes from Euromonitor's most recent forecast. As early as September 2020, total sales were already higher than before the crisis began, very . 6 Billion, driven by a compounded. The report offers an up-to . Sales of Target's in-house clothing brands for men, women, children, and babies soared in 2020 . Overall, 2019 was a year of abundance for the fitness industry. By channel, athletic footwear . The Chinese sportswear giant keeps gaining share at home while eyeing global expansion Taking the fashion industry by storm, Shein has become a Gen Z favourite in Europe and US Shein connects over 6,000 Chinese garment factories through a proprietary software Top five trends shaping the industry Examining five trends shaping apparel and footwear Calculation: Net Income after tax / Total assets (or Average Total assets). clothing and shoes. The encouraging outlook for sports-related clothing stands in contrast to the dimmer prospects for the general apparel business, which is confronting numerous headwinds. The COVID-19 pandemic has adversely affected several industries, including the athletic footwear market, across the globe. Looking ahead, the global athleisure market is expected to grow by $153.02 billion during 2021-2025, increasing at a compound annual growth rate of more than 7 percent, according to a recent report by Technavio. Also included are five year industry forecasts, growth rates and an analysis of . 5.1 . Target. NPD's fact-based insights into . Revenue in the Sports Apparel segment amounts to US$ 21 B in 2016. Predictive Analytics and Forecasting. Exhibit 1. . With a brand value of $30.443 billion, Nike lost value compared to the previous year (2020: $34.792 billion), but the lead over Gucci in second place . Athletic wear is the top-performing category for the retail apparel industry. This latest figure was lower than the 70.6% of companies who were hiring for data analytics . June 03, 2020 01:15 PM Eastern Daylight Time LONDON-- ( BUSINESS WIRE )--Technavio has been monitoring the global athletic apparel market and it is poised to grow by USD 53 billion during. Amid the COVID-19 crisis, the global market for Sports Apparel estimated at US$ 177.1 Billion in the year 2020, is projected to reach a revised size of US$ 247.4 Billion by 2027, growing at a CAGR of 4.9% over the . . Apparel Industry Research & Market Reports . According. 7. Categories that did well in 2020 (including outdoor individual sports, home exercise, yoga, e-sports, and virtual races) are expected to remain popular in 2021. Nike. 4. SPORTSWEAR INDUSTRY INSIGHTS. Interestingly, as they have stated publicly that future growth will be driven by women's footwear, both Nike and Adidas ceded share in women's footwear in the . . And of course, much more. But revenue and membership numbers aren't where the story ends. China, the world`s second largest economy, is forecast to reach a projected market size of US$27 Billion by the year 2026 trailing a CAGR of 7.3% over the analysis period. For fighting for boxing's audience. In 2020, the sale of athleisure wears in the . Sportswear Industry Statistics - Editor's Picks: The sportswear market will be worth over $379 billion in 2022. Private industry. Specialized Garments include swimsuits, wet suits, ski suits and leotards. Global Sports & Fitness Clothing Industry Global Sports & Fitness Clothing Industry Sports & Fitness Clothing market worldwide is projected to grow by US$65. Categories that saw a limited increase in participation, or a decline . This segment currently accounts for a 17.7% share of the global Sports & Fitness Clothing market. Sports Apparel is the clothing including footwear, worn by sport or physical exercise. ROA (Return on assets) - breakdown by industry. Global Sports Apparel market is estimated to witness a CAGR of 4.11% during the forecast period (2020 - 2025). The rising demand for athleisure wear is surging in India, China, Japan. Industry: 56 - Apparel And Accessory Stores Measure of center: median (recommended) average. Dazn. According to a recent market report listed on Research and Markets, the global apparel industry reached a value of nearly $758.4 billion in 2018, having grown at an impressive compound annual growth rate of 7.5% from 2014, and is expected to grow with a even higher CAGR of 11.8% to nearly $1,182.9 billion by 2022. 4. Activewear Apparel Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Sports Events & Tournaments to July 27, 2020, 6:00 PM UTC Share this article Based on our detailed analysis, the market will exhibit a decline of -8.94% in 2020 compared to the average year-on . Sportswear companies were also more resilient than the rest of the apparel industry (Exhibit 1). 2. The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a. NEW YORK, March 22, 2021 /PRNewswire/ -- The global activewear apparel market is set to grow by USD 157.1 billion, progressing at a CAGR of almost 11% during 2020-2024. 147.5 billion was the total revenue of the global sports apparel market in 2021. The proportion of apparel supply chain companies hiring for data analytics related positions dropped in May compared with the equivalent month last year, with 68.8% of the companies included in our analysis recruiting for at least one such position. Just how strong? The fastest rates of growth for the athletic apparel industry are expected from the APAC region, with an anticipated CAGR of 6.9% through the forecast period. 6,462 6,319 6,378 6,474 . In a pre-COVID-19 world, research firm Newzoo predicted the industry would grow a further 22% in 2020, the equivalent of an extra $244 million. Our 2022 sports industry outlook takes a closer look at these five trends: We will see the blending of the real and digital worlds accelerate, with growing markets for data capture and analytics, esports, non-fungible tokens (NFTs), and immersive technologies. The female segment of the retail apparel industry in the U.S. is valued at $117 billion, while the male segment maintains a value around $87 billion. Athletic footwear sales for the first six months of 2021 grew more than 35%, versus 2020, and about 23%, versus 2019. Athleisure Market Outlook - 2026. The average revenue per user (ARPU) currently amounts to US$ 300. The global impact of COVID-19 has been unprecedented and staggering, with sports shoes witnessing a negative demand shock across all regions amid the pandemic. Asia Could Be Biggest Contributor to Athletic-Wear Sales Growth . 2020 & 2028. Robust and transparent research methodology, conducted in-country. Key sports apparel industry participants are Adidas AG, Nike Inc., Amer Sports Corporation, Billabong International Limited, Everlast Worldwide Inc., Blacks Leisure Group Plc, Gap Inc., Columbia Sportswear Company, Old Navy, Banana Republic, Jockey International, Jockey International, Lotto Sport and Under Armour Inc. Request a Free Sample Share Activewear sales were also down in the mid-single-digits for 2020. Return on assets (ROA) is a financial ratio that shows the percentage of profit that a company earns in relation to its overall resources (total assets). . Pre-COVID-19 U.S. sports apparel was forecasted to grow by $5.9 billion $93.4 billion. Detailed research and segmentation for the main products and markets. the U.S. sports apparel market was valued at . . According to a McKinsey study, eight key issues will determine future success. SFIA's 2020 Manufacturers' Sales Report * showed overall U.S. sports and fitness products industry revenues grew 3.9 percent in 2019, accelerating from 2.3 percent growth in 2018. In 2016, some markets saw 8.5% growth within this category, with . Global Snow Sports Apparel Market- Industry Analysis and Forecast (2020-2027) - by Product Type, Channel, Price Range, Demographics, and Region. 44% of the activewear buyers prefer shopping in-store. Sports activities were reduced in the 2020 but . Rising levels of obesity around the world have spurred the demand for on-trend, plus-size . Financial ratio. Based on our analysis, the global market exhibited a huge decline of 10.6% in 2020 as compared to the average year-on-year growth during 2017-2019. It is mostly worn for most sports and physical exercise, for practical, comfort or safety resasons. With the majority of business meetings taking place in front of a notebook at home, leggings, sweatpants and loungewear have quickly become inherent pieces of our professional wardrobes. [3] Now, COVID . A Shift Toward Size-inclusive Fashion. Industry Expertise. The sportswear industry designs clothes, shoes and gear that . The COVID-19 pandemic has adversely affected several industries, including the athletic footwear market, across the globe. . In 2020, the sale of athleisure wears in the . Like arch rival Nike, Adidas has seen its revenues evaporate in 2020. More about roa (return on assets). Categories that did well in 2020 (including outdoor individual sports, home exercise, yoga, e-sports, and virtual races) are expected to remain popular in 2021. Nike once again leads the Brand Finance "Apparel 50" ranking of the world's most valuable apparel brands. College athletics will see some of its biggest changes ever, with student-athletes . Today, brands that fail to sell DTC not only give up control over their product, distribution and marketing . Aug 15, 2020 | USD 805. . Athletic labels like Nike and Lululemon took notice and committed to change themselves. Typically it includes Tracksuits, shorts, T-shirts and poli shirts. The Zacks Consensus Estimate for the current-year EPS was revised 7.6% upward . In 2021, for instance, experts estimated that the global sportswear market was worth more than $366 billion, and it's predicted to reach $455 billion by 2024. The market is projected to grow from USD 170.94 billion in 2021 to USD 267.61 billion in 2028 at a CAGR of 6.6% during the forecast period. Trends Shaping the Athletic Apparel Industry Outlook For 2022 In this article, we'll cover: 1) Growth of "Athleisure" 2) Rise of Yoga Culture 3) Increased Demand for Sustainably Sourced Apparel 4) More Interest in Fair Labor Promotion 5) 90s Influence in Athletic Apparel 6) One-Piece Activewear Popularity Rising 7) More Size Inclusivity Global Sports Equipment and Apparel Market Research Report 2022 Professional Edition The global Sports Equipment and Apparel market was valued at 35981.65 Million USD in 2021 and will grow with a CAGR of 5.45% from 2021 to 2027, based on Activewear Apparel Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Sports Events & Tournaments to July 27, 2020, 6:00 PM UTC Share this article North America dominates the sports apparel market as in the U.S., the production and consumption of sports apparel is increasing in the region. Also good news for the industry is that the sports industry performed much better than the general apparel industry. Five year forecasts of market trends and market growth. The athleisure market size was valued at $155.2 billion in 2018 and is expected to reach $257.1 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026. January 07, 2020. For the first time, it exceeded the billion-dollar revenue mark, achieving a 26% year-on-year growth rate in the process. The global sportswear market size was valued at USD 362 billion in 2020 and is expected to reach USD 544 billion by 2026, growing at a compound average growth rate (CAGR) of 7% during 2021-2026. The market research report includes: Historical data and analysis for the key drivers of this industry. Market is estimated to grow at (CAGR 2016-2021) of 14.1 % resulting in a market volume of US$ 42 B in 2021. 5.Sports Apparel Market, by Distribution Channel . With new brands, styles and colors of workout clothes and gear being added every year, the branded exercise apparel industry has been bulking up, with sales pressing a staggering $100 billion . The sports industry must change decisively. Sportswear companies were also more resilient than the rest of the apparel industry (Exhibit 1). (Global Industry Analysts) #2. The sporting goods industry showed some resilience in 2019. The report estimates that the industry could add $83 billion in sales by 2020, or more than 30% growth. . People across the world are becoming fitness conscious to avoid the risk of chronic diseases such as obesity, type 2 diabetes, and others. Given the relative ease in designing and manufacturing basic apparel, there are low barriers to entry. Apparel And Accessory Stores: average industry financial ratios for U.S. listed companies. COVID-19 crisis had only a minor influence in 2021 on baby and child-specific products as it did in 2020. Historic volume and value sizes, company and brand market shares. Sports apparel find importance during workout sessions or while playing sports. Global Sports Apparel market accounted for $179.77 billion in 2019 and is expected to reach $313.54 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Adidas, Converse and Nike offer customers an ability to design their own trainers or jumpers choosing everything from colour through to materials and laces. A five-year forecast of the market and noted trends. So, here are some AI marketing trends which are shaping 2020 to revolutionize the future: 1. With more than 70 per cent of its physical stores closed during the height of the pandemic, revenue for the first half of 2020 . The Sports & Fitness Clothing market in the U.S. is estimated at US$64.9 Billion in the year 2022. The apparel manufacturing subsector consists of these industry groups: Apparel Knitting Mills: NAICS 3151; Cut and Sew Apparel Manufacturing: NAICS 3152; Apparel Accessories and Other Apparel Manufacturing: NAICS 3159 . Some of the world's renowned sportswear apparel brands owned by VF include Vans, Timerberland, The North Face, Eastpack, Icebreaker, Kipling, Altra etc. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. The update was provided by Matt Powell, vice president, senior industry advisor, sports, The NPD Group. Outdoor Sports Apparel Market size was valued at $16,889 million by 2020, and is anticipated to reach $25,985 million by the end of 2026, after growing at a CAGR of 6.8% during the forecast period 2021-2026. Exhibit 1. . There were . Rising health and self-consciousness, desire to lead active lifestyles and to appear. Press release - Marketsandresearch.biz - Global Sports Apparel Online Retailing Market 2020 Industry Outlook - Nike, Adidas, PUMA, Under Armour, MIZUNO - published on openPR.com The Outdoor Sports Apparel industry growth rate is attributed to the increasing enthusiasm for outdoor and sports apparel among . 9 Per household sports apparel spending is estimated to drop by $45 per household as shown in Figure 6. Global market for Top Wear (Type) segment is estimated at US$74.8 Billion in 2020, and is projected to reach US$100.5 Billion by 2026 reflecting a compounded annual growth rate of 5.1% over the. Athleisure is the trend of wearing cloths specifically designed for athletic workout which is now applicable for gym goers as well as casual wear. The market for fitness and sports apparel is expected to increase by over USD 50 billion between 2018-2023, accelerating at a CAGR of 5% during the forecast period. The "Sports Apparel - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The global athletic footwear market is projected to register a CAGR of 4.56% during the forecast period, 2022-2027. SPORTSWEAR INDUSTRY INSIGHTS. Is. Important Athletic Apparel Industry Statistics #1. Athletic wear is a bright spot in the otherwise troubled apparel sector. In fact, it's a fast-growing clothier. Women's athletic footwear grew by about 40% compared to 2020. The global sportswear market size was valued at USD 362 billion in 2020 and is expected to reach USD 544 billion by 2026, growing at a compound average growth rate (CAGR) of 7% during 2021-2026. Number of U.S. listed companies included in the calculation: 4648 (year 2021) The global athletic footwear market is projected to register a CAGR of 4.56% during the forecast period, 2022-2027. the forecast period (2022-2029) Athleisure is the trend of wearing cloths specifically designed for athletic workout which is now applicable for gym goers as well as casual wear. The London-based sports streamer has become a household name around the world after acquiring major sportsincluding soccerin . The company has an employee strength of 2500+ and since 2003 it is a part of global sports giant Nike, which has helped the brand grow and become one of the top sports brands globally. Yes, big-box store Target is an apparel company. With a market capitalization of about 71 billion. User penetration is at 24.7 % in 2016 and is expected to hit 37.2 % in 2021. Sports Apparel Industry Overview. Rocky Brands Inc. (RCKY): This Nelsonville, OH-based footwear and apparel company has surged 58.3% in the past year. Market Report Description. In May, The IHRSA Global Report found that the global industry revenue totaled $94 billion and, as a result, health clubs are on pace to reach 230 million members by 2030. This growth in market size will be attributed to increasing health awareness worldwide and continuing popularity of fitness activities such as yoga, running, aerobics, and other gym activities. The growth of athletic apparel brand lululemon has been particularly impressive: net revenue exceeded 4.4 billion U.S. dollars in 2020, increasing by around 10 percent on the previous year. The Beaverton giant remains the biggest sportswear brand in the world, taking more than $36 billion in revenue in 2018. Nike. Detailed segmentation of international and local products. An assessment of the competitive landscape and market shares for major companies. The sports and fitness clothing category is projected to reach sales of $231.7 billion by the year 2024. Sports apparel and footwear sales have jumped 42% to $270 billion over the past seven years. The sudden rise in CAGR is attributable to this market's . In 2018, the men end user segment accounted for more than half of the share in the total sports apparel market, and is expected to grow at a CAGR of 4.6% throughout the forecast period. The sports apparel market was valued at $167.7 billion in 2018 and is estimated to reach $248.1 billion by 2026, registering a CAGR of 5.1% from 2019 to 2026. Categories that saw a limited increase in participation, or a decline . Like arch rival Nike, Adidas has seen its revenues evaporate in 2020. North American region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing health awareness and gaining popularity of active lifestyles. VF Corp was founded in 1899 and headquartered in Denver, Colorado. Personalisation. With more than 70 per cent of its physical stores closed during the height of the pandemic, revenue for the first half of 2020 . Important Retail Apparel Industry Statistics #1. The sportswear industry is clearly a winner in 2021 as consumers continue to spend time at home exercising and seeking comfort in trying times. The rising demand for athleisure wear is surging in India, China, Japan.