Sportswear Market: Regional Segmentation Insights and Growth Trends
The global sportswear market was valued at USD 335.92 billion in 2023 and is forecasted to expand at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2030. Key factors driving this growth include a rise in health consciousness, increasing participation in sports and fitness activities, and the popular trend of wearing athletic clothing casually. Advances in fabric technologies—such as moisture-wicking, odor control, and temperature regulation—enhance both the functionality and appeal of sportswear. Additionally, social media and celebrity endorsements have significantly increased brand visibility and consumer engagement. The growth of e-commerce has also made sportswear more accessible, while an emphasis on sustainability resonates with eco-conscious consumers. A significant driver of the sportswear market globally is the increased health consciousness among consumers. The growing awareness around the benefits of a healthy lifestyle has led more people to participate in activi...