Total revenue of the global sports apparel market 2012-2025

The global sports apparel market generated around 181 billion U.S. dollars in revenue in 2019, an increase of more than seven billion U.S. dollars on the previous year. Rising revenues are forecast to continue and estimated to reach around 208 billion U.S. dollars in 2025.

Battle of the brands

Competition is set to intensify as brands fight for a bigger share of the sports apparel market. Nike and adidas were the leading sportswear companies worldwide in 2018/2019, generating combined revenues of around 64 billion U.S. dollars. The more established brands are being challenged by relative newcomers, such as Under Armour and lululemon – founded in 1996 and 1998, respectively. The growth of athletic apparel brand lululemon has been particularly impressive: net revenue exceeded 3.25 billion U.S. dollars in 2018, increasing by around 25 percent on the previous year.

Is sportswear the everyday apparel of choice?

In recent years, the sports apparel and athletic wear markets have benefitted from changing consumer trends. A growing interest in health and wellbeing has led to increased participation in fitness activities. There is also a greater demand for clothes that are both stylish and comfortable, from men and women who have busier lives than before. In the United States, 64 percent of adults said they wore sports clothes and sports shoes as part of their everyday life.

Total revenue of the global sports apparel market from 2012 to 2025 (in billion U.S. dollars)*

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Source

Release date

March 2019

Region

Worldwide

Survey time period

2012 to 2019

Supplementary notes

* All figures are Trefis estimates. This refers to global market for sports and sports inspired apparel in terms of US dollars.

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