By 2017 the global sports and fitness clothing market is anticipated to achieve sales of US $138.4 billion. Growth will be primarily driven by rebound in consumer discretionary spending with economic recovery, rise in sport participation rates, growing inclination towards healthy life styles, and a tendency towards casual dressing in the workplace.
In recent years, the increasing number of women participating in sports and fitness activities has largely impacted the growth trend in the market. In the sportswear segment, women in the age group of 35 years and above with more disposable income represent the major potential group and offer lucrative opportunities to several players engaged in women’s sports apparel business.
The US constitutes the world’s single largest and most developed regional market for sports and fitness clothing. Europe and Asia-Pacific trail behind as the other significant markets, with the three regions garnering a gigantic consolidated share of the world market.
Asia-Pacific represents the region with the fastest growth potential, spurred by rapidly expanding markets of India, China, Hong Kong and Australia among others, and is forecast to race ahead at a robust CAGR of 5% through to 2017.
A number of sporting events such as the Rugby World Cup, the IAAF World Championships, and the Cricket World Cup also contributed to the sustained growth in sports and fitness clothing market revenues.
For more information on the sports and fitness clothing market, see the latest research: Sports and Fitness Clothing Market Report
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