This statistic shows the size of the activewear market worldwide from 2020 to 2026. In 2020, the size of the global sportswear market amounted to approximately 353.5 billion U.S. dollars.
Products in the activewear market
Fueling the growth of the activewear industry are fitness conscious consumers who seek appropriate gear and equipment for their physical activity. In addition to this, 64 percent of U.S. millennials and Generation Y reported that they bought athletic shoes in 2021. This is due to the rise of streetwear style, which encourages consumers to incorporate activewear into their personal style. In the United States, women’s sportswear products generate a majority of all sportswear revenue. Women‘s sportswear generated 35.57 billion U.S. dollars in 2021 more than men’s and children’s sportswear combined. This trend was forecasted to continue throughout the 2020s.
Sports and activewear industry worldwide
The United States is the largest player in the global activewear industry. By 2025, the activewear industry is expected to generate more than 95 billion U.S. dollars in the United States alone. Nike and Adidas have the highest sales revenue compared to other sportswear brands in the U.S by a large margin. The athletic footwear industry in the U.S. generated 13.6 billion U.S. dollars in 2021. Of that, Nike was the top earner.
Size of the activewear market worldwide from 2020 to 2027
(in billion U.S. dollars)
This Statista estimate from 2021 to 2027 is based on the 2027 values and the compound annual growth rate from 2021 to 2027 of 4%, which were provided by the source. An exponential development of the market was assumed. The 2020 figure was taken directly from the source.
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Statista. (December 7, 2021). Size of the activewear market worldwide from 2020 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. "Size of the activewear market worldwide from 2020 to 2027 (in billion U.S. dollars)." Chart. December 7, 2021. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. (2021). Size of the activewear market worldwide from 2020 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. "Size of The Activewear Market Worldwide from 2020 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Dec 2021, https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista, Size of the activewear market worldwide from 2020 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/ (last visited July 02, 2022)