Business & Policy | Import/Export | Industry Updates

FMI Bytes: Challenges Decline the Global Sports Inspired Clothing Market

Published: November 21, 2023
Author: Fashion Value Chain

The global sports inspired clothing market is estimated to register a CAGR of 4.20% during the forecast period. The global market is likely to capture a valuation of US$ 3,15,035.4 million in 2024 and reach US$ 4,75,689.7 million by 2034.

Key Factors Drive the Sports Inspired Clothing Market

Increasing consumer preferences, changing fashions and lifestyles, and rising disposable incomes are accelerating the demand for sports-inspired clothing. Growing diverse cultures are increasing the adoption of sports inspired clothing among youngsters to look aesthetic and stylish, driving sports apparel market size. Increasing sports events, tournaments, and athlete clothing styles attract consumers’ desires and raise the demand for sports inspired clothing.

The growing fashion industry is developing new styles and designs of clothing for every age group with their innovations. They launch diverse costumes to their customers, significantly increasing the demand for sports inspired clothing. Trendy look, the popularity of DIY, and vast consumer base prefer sports inspired clothing to expand the global market revenue.

Exploring Trends in the Sports Inspired Clothing Market

Growing innovations and technologies with changing and repeating trends are increasing the demand for sports inspired clothing. Consumers seeking other individuals and sports personalities are changing their minds to adopt their persona with this clothing, a growing global market trend. Trends in sports-themed clothing are highlighting the global market growth.

Challenges Decline the Global Sports Inspired Clothing Market

·       Changing consumers’ fashion preferences are the adoption of alternatives and a decline in the demand for sports-inspired clothing.

·       Growing competition from existing brands and trending fashion are decreasing the adoption of sports-inspired clothing.

·       Lack of materials due to disruption in the supply chain cross-border tensions limiting the adoption of sports-inspired clothing.

Country-wise Insights

Growing Sports Activity Drive the United States Market

The United States is estimated to secure a CAGR of 0.014% in the global market during the forecast period. Increasing sports activities are raising the adoption of sports inspired clothing to expand the United States market. Rising yoga, stretching, and other exercises are significantly growing consumers’ demand for sports inspired clothing.

Rising Fashion Trends for Workout Wear Drive the Market in France

During the forecast period, France is estimated to secure a CAGR of 0.022% in the global market. France is a fashion hub, and trendy clothes are developing suitable, stylish, and convenient sports apparel, raising consumers’ expectations. The popularity of recreational activities among consumers is capturing huge revenue inFrance’s sports inspired clothing market.

Competitive Landscape

The global sports inspired clothing market is highly fragmented among prominent players that effectively offer cost-effective and designed sports apparel. They are observing their customers to find out their solutions and requirements related to specific outfits and show them accordingly, increasing their product sales.

Key players go through various innovations, ups-downs, and challenges to build their product reputation and are expected to shine during the forecast period. Each player plays a crucial performance in uplifting their brand value with their diverse methodologies. A few of the players listed are as follows:

Recent Developments in the Sports Inspired Clothing Market

·       In 2023, Nike announced its newly launched product, plus-size activewear for sports activity, that offers breathable wear. Its expandable apparel includes a size scale from 0X to 4X.

·       In 2023, Alo Yoga, a clothing and accessories brand, launched muse hoodies and sweatpants with jogger-style silhouettes.

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