Europe Sports Apparel Market was valued at USD 50 Billion in 2022 and is projected to reach USD 70 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The European sports apparel market has experienced significant growth in recent years, reflecting a dynamic intersection of fashion, functionality, and consumer demand. In 2023, the market was valued at approximately USD 85.15 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.9% through 2032. This expansion is driven by increasing health consciousness and the integration of sportswear into everyday fashion, a trend known as athleisure. Notably, the footwear segment accounted for USD 38.38 billion in 2023 and is expected to reach USD 65.89 billion by 2032, highlighting the rising popularity of sneakers and athletic shoes for both athletic and casual use.
Women's participation has been a significant contributor to market growth. In 2023, the women's segment held a 49% market share, with an anticipated CAGR of 6.2%. This surge is attributed to heightened health awareness, increased involvement in sports and fitness activities, and the evolution of sportswear into fashionable attire. Marketing strategies targeting women, along with endorsements from celebrities and social media influencers, have further propelled this trend.
Geographically, the United Kingdom and France have emerged as key markets. The UK's sportswear market generated USD 16.43 billion in 2023, with a projected CAGR of 6.5%. This growth is fueled by a robust consumer base and a diverse retail landscape that embraces the fusion of athletic wear with casual fashion. France's market reported revenues of USD 12.59 billion in 2023, with an expected CAGR of 6.3%. French consumers prioritize sportswear that combines functionality with style, reflecting a lifestyle that values both fitness and fashion.
Industry requirements have evolved in response to consumer demands and regulatory frameworks. The European Union's Ecodesign for Sustainable Products Regulation (ESPR) mandates that all goods sold in the EU carry a digital product passport by 2030. This initiative aims to increase transparency in supply chains and enhance resale and recycling capabilities. Additionally, the Corporate Sustainability Due Diligence Directive (CSDDD) requires companies to identify, prevent, and mitigate human rights and environmental impacts in their operations, marking a significant shift from previously voluntary measures. Compliance with these regulations necessitates substantial efforts from companies, including extensive data collection and reporting.
Moreover, the resurgence of physical retail stores in Europe has influenced the sports apparel market. Retailers are investing in brick-and-mortar shops to boost both in-store and online sales, countering the dominance of major e-commerce players. Consumers are rediscovering the immediacy and experience of in-person shopping, leading to an increase in total selling space despite a slight decrease in the overall number of stores.
In conclusion, the European sports apparel market continues to evolve, driven by consumer trends, regulatory changes, and shifts in retail strategies. Companies operating in this sector must adapt to these dynamics to meet industry requirements and capitalize on growth opportunities.
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Nike
Adidas
Under Armour
Puma
VF
Anta
Gap
Columbia Sports Apparels
Lululemon Athletica
LiNing
Amer Sports
ASICS
Hanesbrands
PEAK
Ralph Lauren
361sport
Xtep
Billabong
Kappa
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Sports Apparel Market
Running Apparel
Football Apparel
Basketball Apparel
Gym and Training Apparel
Outdoor Sports Apparel
Shirts
Shorts
Pants
Socks
Jackets
Cotton
Polyester
Nylon
Spandex
Wool
Men
Women
Kids
Online Retail
Offline Retail
Direct-to-Consumer
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Sports Apparel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Sports Apparel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Sports Apparel Market, By Type
6. Europe Sports Apparel Market, By Application
7. Europe Sports Apparel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Sports Apparel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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