Retail sales of the global sportswear and outdoor apparel market 2012-2021
Athletic apparel market
The global sportswear market is a lucrative market, which is forecast to grow further in the coming years. Not only is Nike one of the most prominent producers within this market worldwide, but the company was also ranked as the world's leading athletic apparel brand. Nike and adidas are, by some margin, the leading companies in the sportswear industry worldwide. Puma and Under Armour are two other big companies which operate within this market.
Outdoor clothing market
The global outdoor clothing market is also significant in size, valued at approximately 12.7 billion U.S. dollars in 2018, and forecast to reach a value of 19.6 billion U.S. dollars by 2026. VF Corp operates within this market, with the company’s The North Face brand one of the most recognizable outerwear brands around. In 2019, VF Corporation's outdoor segment had revenues amounting to 4.6 billion U.S. dollars worldwide.