Sports Apparel Market Forecast
The global sports apparel industry generated around 180 billion U.S. dollars in annual revenue in 2021, an increase of over seven billion U.S. dollars on the year. Rising revenues are expected to continue and predicted to reach about 207 billion U.S. dollars in 2021. Majority of the people who engage in sports activities are generally enthusiasts and love to use sports apparel to enhance their game and personality. Sports apparel companies have seen tremendous growth and currently offers a wide selection of apparel for all sports, games, events, and disciplines. Companies offer their wide variety of apparel for men, women, children, youth, and adults.
Currently, there is no sign of the demand for sports apparel or the rise in its popularity going down anytime in the near future. With the growing popularity of the games and sports activities, the demand for sports apparel will also grow. This trend will continue in the coming years and the demand for these apparel items will increase further. A variety of factors are contributing to this trend. Some of these factors are the climate change and the alarming threat it poses to human health and the natural environment as a whole.
According to a recent survey, pollution is considered the most significant factor that affects the world’s air quality. A large portion of sweat and body oils are produced by athletes in warm weather conditions, which results in the accumulation of dirt and bacteria, which in turn affect the air quality. For instance, during hot summer days, the sweat produced by athletes causes the level of oxygen in the air to fall below the standards that it should be at. With the increase in the number of people participating in sports activities such as running, jogging, and walking, the need for clean and comfortable clothing is becoming necessary and people are looking out for sports apparel that can help them perform well in their activity.
One of the newest sports apparel that has entered the market is the compression clothing. The demand for this type of clothing is increasing because it helps reduce the occurrence of muscle pain and sprain during exercise. Most athletes wear this type of clothing even without performing any physical activity. The fabric used in the manufacture of compression clothing is breathable and elastic, which makes it ideal for use during vigorous exercise. Compression apparel also helps eliminate unwanted water from the body and keeps the muscles cool during hot days.
Sports apparel manufacturers are undergoing rapid and significant change… The apparel manufacturing process has undergone several transformations… From technologies, processes, materials, designs, and manufacturing methods, there has been considerable change over the last two decades… The apparel manufacturing novices must therefore equip themselves with the latest information on the changing design principles, technology, materials and technologies to be able to adapt well and capitalize on these changes and make maximum use of the opportunities that have been created.
The apparel market forecasts to 2021 are provided by a number of manufacturers who are actively participating in the design and development of new materials, technologies, styles and applications. Each one of them has a different way of looking at the business. It is important for each one of them to understand their target customer segment and the kind of services they want to provide them. Each one of them will have a different way of operating. Therefore the list of manufacturers should be studied very carefully so that the companies can provide the right services for the right type of customers.