This statistic shows the size of the activewear market worldwide from 2021 to 2028. In 2022, the size of the global sportswear market amounted to approximately 319.4 billion U.S. dollars. This was forecast to rise to over 450 billion dollars by 2028.
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 2026, the activewear industry is expected to generate more than 85 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 14.5 billion U.S. dollars in 2022. Of that, Nike was the top earner.
Size of the activewear market worldwide from 2021 to 2028
(in billion U.S. dollars)
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Size of the activewear market worldwide from 2021 to 2028
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For the Statista estimate an exponential development of the values between 2022 and 2028 was assumed to estimate the annual values. The values for 2022 and 2028 were provided by the source. The 2021 figure was also taken directly from the source.
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Statista. (February 16, 2023). Size of the activewear market worldwide from 2021 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. "Size of the activewear market worldwide from 2021 to 2028 (in billion U.S. dollars)." Chart. February 16, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. (2023). Size of the activewear market worldwide from 2021 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista. "Size of The Activewear Market Worldwide from 2021 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Feb 2023, https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
Statista, Size of the activewear market worldwide from 2021 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/ (last visited December 22, 2024)
Size of the activewear market worldwide from 2021 to 2028 (in billion U.S. dollars) [Graph], Statista, February 16, 2023. [Online]. Available: https://www.statista.com/statistics/613169/size-of-the-global-sportswear-market/
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