Rising cases of work-related health issues, such as stress and obesity, are pushing more people to follow any sport and fitness activity, which is further increasing the demand for trendy and comfortable sportswear. Besides, the growing popularity of international sportswear brands is also contributing to product demand. In the last few years, you must have noticed fitness wear clothing creating a benchmark for itself. 2021 no wonder is going to be another surprising year for fitness fashion lovers. Hence, read the report below to know more about the overview of the 2021 sportswear wholesale market.
Sportswear Market Report Scope
|The market size value in 2020||USD 288.42 billion|
|The revenue forecast in 2025||USD 479.63 billion|
|Growth Rate||CAGR of 10.4% from 2019 to 2025|
|The base year for estimation||2018|
|Historical data||2015 – 2017|
|Forecast period||2019 – 2025|
|Quantitative units||Revenue in USD billion and CAGR from 2019 to 2025|
|Report coverage||Revenue forecast, company share, competitive landscape, growth factors and trends|
|Segments covered||Product, distribution channel, end-user, region|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; Middle East & Africa|
|Country scope||U.S.; Germany; U.K.; China; India|
|Key companies profiled||Nike; Inc.; Adidas AG; LI-NING Company Ltd; Umbro Ltd.; Puma SE; Inc.; Fila; Inc.; Lululemon Athletica Inc.; Under Armour; Columbia Sportswear Company; Anta Sports Products Ltd.; Inc.|
|Customization scope||Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and purchase options||Avail of customized purchase options to meet your exact needs.|
10 Insights for Sportswear Wholesale Market 2021
1. Nike is that the hottest brand among Chinese activewear consumers
According to Euromonitor’s research, 26% of Chinese activewear consumers report having purchased Nike clothing followed closely by Adidas (20%). This stat shows that the Chinese consumer base is receptive to Western brands for athletic apparel. just like the U.S., the athleisure trend has begun in China with the assistance of celebrity endorsements. it’s especially popular among the younger generation in China.
Other key players operating in the sportswear market include Adidas AG; LI-NING Company Ltd; Umbro Ltd.; Puma SE, Inc.; Fila, Inc.; Lululemon Athletica Inc.; Under Armour; Columbia Sportswear Company; and Anta Sports Products Ltd., Inc.
2. The U.S. athletic apparel market is the largest in the world
The U.S. marketplace for athleticwear is predicted to grow to 69.2 billion in 2021 up from 54.3 billion in 2015. this may account for 36% of athletic apparel sales worldwide as more brands operating within the U.S. push to supply athletic clothing. About 9 out of 10 American consumers say that they were athletic apparel in contexts aside from exercise. Particularly, cotton activewear is fashionable about 60% of consumers preferring the fabric.
3. There are 85% more yoga products available year-to-year at active retailers in the U.S.
North America dominated the sportswear market with a share of 33.8% in 2020. This is attributable to the strong performance of internationally-reputed sportswear brands, including Nike and Adidas, within the region.
The healthy lifestyle industry has gone beyond food and into sportswear retail. Mainstream athletic apparel suppliers like Nike, Under Armor, and Adidas have significantly grown their investment in yoga apparel. One potential area of growth within yoga apparel is within the men’s market. The stock of men’s items grew 26% year-over-year and is predicted to stay growing in 2021.
4. In the past year, athletic apparel arrivals described as “recycled” were up 642% for men and 388% for ladies
This highlights the rapid spread of the eco-friendly sportswear culture within the U.S. sportswear suppliers should check out investment in repurposed clothing and labeling to spotlight their recycled materials. Within the sportswear market, sustainable footwear has become especially popular and corporations have pledged to use only recycled plastics in products.
5. The amount of sportswear styles at plus-size retailers has doubled from last year
At retailers that cater to diverse size ranges like Lane Bryant and easily Be, there has been a considerable increase in the selection of athletic apparel on websites. Giant retailers like Target have launched entire lines of sportswear that run from XS-4X for ladies and S-3X for men.
6. The number of sportswear products described using the term “moisture-wicking” grew by 39% this past year
This statistic points to the high-tech clothing trend which incorporates “smart” clothing and clothing that tracks health indicators. Consumers are paying more attention to the materials utilized in production and need clothes that minimize sweat and moisture. The activewear products using fabrics described as “breathable” also grew 85%.
7. The athletic apparel market is roughly 60% women and 40% men
The global sportswear market size was estimated at USD 262.51 billion in 2019 and is expected to reach USD 318.42 billion in 2021.
This points to the rising popularity of yoga clothing which grew at 144% compared to last year compared to 26% indicating increasing options focused on women. the rich, those that earn over $100,000, are the drivers of purchases within the yoga clothing niche.
8. Athletic apparel consumers are 56% more likely to buy online
At the beginning of 2020, consumers were almost half as likely to buy in-store compared to online. While they are doing purchase clothing online, they like to conduct marketing research and appearance for deals then attend stores. The COVID-19 pandemic will likely impact this statistic as people attempt to minimize non-essential trips to retail stores.
9. The worldwide athletic apparel market is predicted to be valued at $480 billion by 2025
The global sportswear market is expected to grow at a compound annual growth rate of 10.4% from 2019 to 2025 to reach USD 479.63 billion by 2025.
This high expected growth is often attributed to the expansion of the women’s market and therefore the emergence of millennial consumers in India and China. Market growth should allow more people to mobilize under movements like sustainable clothing and fair labor.
10. The athleisure industry is predicted to be valued at $83 billion at the end of 2021
The COVID-19 pandemic will accelerate the ascent of the already growing athleisure trend within the athletic garment industry. This trend is particularly popular among the younger demographic and is spreading around the world.
In a nutshell
The global sportswear market will continue to grow in 2021, despite the negative impact of some new crown epidemics. After 2021, the demand for high-quality sportswear will even explode: people have been confined at home for too long!
So if you are considering entering the apparel industry, you must not neglect the sportswear wholesale business, and you’d better find a reliable sportswear wholesale supplier, such as Berunwear Sportswear Wholesaler.
For more information, please visit the homepage of the website: www.berunwear.com. And if you have any questions, please leave a message in the comment section.