The Latest Athletic Apparel Industry Statistics Explained
The global sports apparel market was valued at $174.70 billion in 2018.
The statistic ‘The global sports apparel market was valued at $174.70 billion in 2018’ provides a snapshot of the total worth of the sports apparel industry on a global scale during the year 2018. This figure represents the sum total of all sales within the sports apparel sector, including items such as activewear, athletic shoes, and related accessories. The value of $174.70 billion indicates the economic significance and size of the sports apparel market, showcasing the demand for sports-related clothing and gear worldwide. This statistic serves as a key indicator for investors, businesses, and industry analysts to understand the market’s size and potential opportunities for growth within the sports apparel industry.
The athletic apparel market size is projected to reach $248.1 billion by 2026.
The statistic that the athletic apparel market size is projected to reach $248.1 billion by 2026 indicates the anticipated total value of sales for athletic apparel globally by that year. This projection suggests a significant growth trend in the industry, driven by factors such as increasing health and fitness consciousness among consumers, rising demand for athleisure wear, and the popularity of sports and outdoor activities. Such a substantial market size projection underscores the continued potential for growth and profitability in the athletic apparel sector, highlighting the importance of companies in this market to innovate, adapt to changing consumer preferences, and capitalize on emerging trends to remain competitive and capitalize on the expanding market opportunities in the years ahead.
North America held the largest market share of 35.1% in 2019.
This statistic indicates that in 2019, North America accounted for the largest proportion of market activity compared to other regions, with a market share of 35.1%. This means that approximately 35.1% of the total market size or revenue within the industry during that year was generated in North America. This could suggest a strong presence and influence of businesses, consumers, and economic activity in North America compared to other regions globally. It also implies that companies operating in this industry may have focused their efforts and investments more heavily in North America due to factors such as market demand, economic conditions, or regulatory environment.
Asia-Pacific is projected to be the fastest-growing region by 2026.
The statistic “Asia-Pacific is projected to be the fastest-growing region by 2026” indicates that the countries within the Asia-Pacific region are expected to experience the highest rate of economic growth compared to other regions by the year 2026. This growth is likely driven by various factors such as rapid industrialization, technological advancements, increasing consumer demand, and rising middle-class populations. As a result, businesses and investors may look towards the Asia-Pacific region for potential opportunities and growth prospects in the coming years.
Nike is the number one sportswear brand in the world with a revenue of $37.4 billion in 2020.
The statistic provided states that Nike is the leading sportswear brand globally as of 2020 based on its revenue of $37.4 billion. This figure highlights Nike’s significant market presence and dominance in the sportswear industry. The revenue amount indicates the total income generated by Nike from its sales of sports apparel, footwear, and other related products. Achieving the status of the top sportswear brand signifies Nike’s successful branding strategies, strong customer loyalty, consistent product innovation, and effective marketing efforts. Overall, the statistic underscores Nike’s position as a powerhouse in the sportswear market with a substantial financial performance in 2020.
The online sales in the sports apparel market would grow at a significant rate of 7.2% between 2010 and 2020.
The statistic suggests that the online sales in the sports apparel market experienced a notable annual growth rate of 7.2% from 2010 to 2020. This data indicates a strong and consistent increase in the online consumer demand for sports apparel over the decade, showcasing a lucrative market trend. The growth rate of 7.2% signifies a healthy expansion in the industry and points towards the popularity and profitability of online sales channels for sports apparel retailers during this period. Additionally, this statistic underscores the shift in consumer behavior towards online shopping and the importance for businesses to adapt and capitalize on the digital retail landscape for sports apparel.
The market for fitness and athletic clothing is expected to reach $39.2 billion in 2020 in the US.
This statistic indicates the projected size of the market for fitness and athletic clothing in the United States for the year 2020, with an estimated value of $39.2 billion. This figure suggests a substantial demand for activewear in the US, reflecting a growing trend towards fitness-conscious lifestyles and increased participation in various sports and physical activities. As a significant market size, it implies robust consumer interest and purchasing power in the fitness apparel sector, potentially driven by factors such as health and wellness trends, athleisure fashion preferences, and advancements in textile technology. This data can be valuable for businesses and investors looking to capitalize on the opportunities within the fitness and athletic clothing industry in the US.
The sports apparel market size in China is forecast to reach approximately $46.4 billion in 2025.
The statistic states that the sports apparel market size in China is projected to grow to about $46.4 billion by the year 2025. This forecast suggests a significant increase in consumer demand for sports-related clothing in China over the next few years, indicating a thriving market for sports apparel. Factors contributing to this growth may include rising health and fitness awareness among the population, increasing disposable income levels, and a growing emphasis on sports and fitness activities. This information is valuable for businesses operating in the sports apparel industry, as it highlights the potential opportunities for expansion and market penetration in China.
Under Armour sales worldwide amounted to approximately $4.5 billion in 2019.
The statistic that Under Armour sales worldwide amounted to approximately $4.5 billion in 2019 indicates the total revenue generated by the company through the sale of its products across the globe during that year. This figure provides insight into the scale and financial performance of Under Armour as a leading athletic apparel and footwear brand in the market. By generating $4.5 billion in sales, Under Armour demonstrates strong consumer demand for its products, effective marketing strategies, and successful penetration into various international markets. This statistic is crucial for investors, competitors, and industry analysts to assess the company’s growth trajectory, market share, and overall business performance in the global sports apparel industry.
The kids’ athletic apparel segment is expected to witness the fastest growth rate of 7.4% from 2019 to 2025.
The statistic ‘The kids’ athletic apparel segment is expected to witness the fastest growth rate of 7.4% from 2019 to 2025′ indicates that the market for children’s sports clothing is projected to experience significant expansion during this time frame. A growth rate of 7.4% suggests a substantial increase in demand and sales of athletic apparel targeted towards kids over the six-year period. This growth may be attributed to factors such as increasing awareness of the importance of physical activity for children’s health, the popularity of youth sports leagues, and evolving fashion trends that incorporate athletic wear into everyday styles for kids. The statistic highlights a promising outlook for businesses operating in the kids’ athletic apparel industry, signaling potential opportunities for growth and profitability in the coming years.
The revenue of the athletic footwear market worldwide is approximately $90.4 billion in 2021.
The statistic stating that the revenue of the athletic footwear market worldwide is approximately $90.4 billion in 2021 highlights the significant economic impact of the athletic footwear industry on a global scale. This figure represents the total sales generated by athletic footwear companies across various regions and brands, reflecting the strong demand for sports and fitness-related footwear products. The statistic indicates that consumers are investing heavily in athletic footwear, either for recreational or professional purposes, driving substantial revenue for businesses operating in this sector. This data underscores the importance of the athletic footwear market in contributing to the overall economy and showcases the ongoing growth and potential opportunities within the industry.
The market share of Adidas in the athletic footwear market was approximately 17.1% in 2020.
The statistic indicates that Adidas held a market share of approximately 17.1% within the athletic footwear market in the year 2020. This means that out of all the athletic footwear sold in the market during that year, about 17.1% of it was attributed to Adidas brand. A higher market share suggests that the brand was successful in capturing a significant portion of the market compared to its competitors. This information is valuable for understanding Adidas’ position in the athletic footwear industry and can be used to assess the brand’s performance, competitiveness, and market dominance.
The global yoga clothing market size was valued at $31.2 billion in 2019.
The statistic that the global yoga clothing market size was valued at $31.2 billion in 2019 indicates the total monetary value of all sales of yoga-related apparel worldwide during that year. This figure encompasses purchases of various yoga clothing items such as tops, bottoms, bras, and accessories across different regions and markets. The significant market size reflects the growing popularity of yoga as a form of exercise and lifestyle choice, driving consumer demand for specialized clothing designed for comfort, flexibility, and performance during yoga practice. The market value also highlights the economic significance of the yoga clothing industry and represents opportunities for businesses to cater to the needs of yoga enthusiasts through innovative product offerings and marketing strategies.
The revenue of Lululemon Athletica globally in 2020 was approximately $4.4 billion.
The statistic indicates that the total revenue generated by Lululemon Athletica, a global athletic apparel retailer, in the year 2020 was around $4.4 billion. This figure represents the sum of all income streams from the company’s product sales, services, and other sources worldwide during that particular calendar year. The revenue amount is a key performance indicator for assessing the financial health and success of Lululemon Athletica, reflecting its ability to attract customers, drive sales, and effectively manage its business operations on a global scale. This statistic provides stakeholders and investors with valuable insights into the company’s market position, growth trajectory, and overall profitability in the highly competitive athletic apparel industry.
41% of consumers say they purchased more athletic wear since the pandemic began in 2020.
The statistic that 41% of consumers say they purchased more athletic wear since the pandemic began in 2020 suggests a notable shift in consumer behavior towards increased spending on athletic apparel during the pandemic. This increase could be attributed to various factors such as the rise in remote working and virtual workout classes, leading individuals to prioritize comfortable and versatile clothing options. The statistic highlights the role of changing lifestyles and preferences influenced by the pandemic, indicating a potential trend that sportswear brands and retailers may capitalize on by offering more athleisure options to meet the evolving needs of consumers seeking both comfort and style in their everyday attire.
Approximately 67% of women prefer-athleisure clothing for their workout routines in 2019.
The statistic “Approximately 67% of women prefer athleisure clothing for their workout routines in 2019” indicates that a significant majority of women choose athleisure apparel when engaging in physical activities or exercising. Athleisure clothing combines elements of both athletic wear and casual wear, providing comfort, flexibility, and style for various fitness activities. The high preference for athleisure clothing among women suggests a growing trend towards blending fashion with functionality in workout routines, highlighting the importance of comfort and versatility in modern activewear choices. This statistic reflects a shift towards more casual and versatile workout attire that meets the needs and preferences of a majority of women in 2019.
The global market for sports and fitness clothing is projected to reach $231.7 billion by 2024.
The statistic indicates that the global market for sports and fitness clothing is estimated to grow significantly, reaching a projected value of $231.7 billion by 2024. This indicates a strong demand for sports and fitness apparel worldwide, likely driven by factors such as the increasing emphasis on health and wellness, the growing popularity of athleisure wear, and the expanding participation in sports and fitness activities. This projected growth suggests promising opportunities for businesses operating in the sports and fitness clothing industry, and highlights the continued importance of this market in the global economy.
By 2025, the sports apparel market in India is expected to reach approximately $3.8 billion.
The statistic states that the sports apparel market in India is projected to grow substantially and reach around $3.8 billion by the year 2025. This indicates a significant increase in consumer spending on sports-related clothing in the Indian market over the next few years. Factors contributing to this growth may include rising disposable incomes, a growing interest in fitness and sports activities, as well as increasing awareness about health and wellness. The forecast suggests a positive trend for the sports apparel industry in India, presenting potential opportunities for businesses within the sector to expand and capitalize on the growing market demand.
Reebok’s revenue worldwide was approximately $1.75 billion in 2020.
The statement “Reebok’s revenue worldwide was approximately $1.75 billion in 2020” indicates the total amount of money generated by Reebok from its sales and operations across various countries in the year 2020. Revenue is a key metric used to assess a company’s financial performance and indicates the total income received from selling goods or services. In this case, the $1.75 billion figure signifies the scale of Reebok’s business operations and provides insight into the company’s market presence and competitiveness in the global sports apparel and footwear industry during the specified time period. This statistic is crucial for investors, analysts, and stakeholders to gauge Reebok’s financial health and growth trajectory.
Conclusion
The statistics presented highlight the continued growth and competitive landscape of the athletic apparel industry. With increasing demand for athleisure wear and advancements in technology driving innovation, it is clear that this industry holds a promising future for both consumers and businesses alike. Stay tuned for further insights and updates on the trends shaping the athletic apparel market.
References
0. – https://www.www.insider.com
1. – https://www.www.globenewswire.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.alliedmarketresearch.com
4. – https://www.www.statista.com
5. – https://www.www.prnewswire.com
6. – https://www.www.retaildive.com
