how many sportswear companies are there

Sportswear industry is rapidly expanding over recent years. The global sportswear market size was valued at USD 167.7 billion in 2020, and it is expected to reach USD 248.1 billion by 2026, with a CAGR of 6.8% during the forecast period. In this article, we'll discuss how many sportswear companies are there in the world and which are the leading ones.

I. Introduction

The sportswear sector comprises sport-specific apparel, footwear, and accessories designed for fitness and athletic activities. The growth of the sportswear industry is primarily driven by the increasing emphasis on health and wellness, rise in sports participation, and growing consumer preference for comfortable and stylish activewear.

II. Major players in the sportswear industry

1. Nike

Nike is the leading sportswear brand globally, with a market share of around 27.4% in 2020. Headquartered in the United States, Nike designs, develops, and sells athletic footwear, apparel, and accessories. Some of the top-selling Nike products include the Air Max, Air Force, and Jordan shoes.

2. Adidas

Adidas is the second-largest sportswear brand in the world, with a market share of around 16.4% in 2020. Headquartered in Germany, Adidas is known for its iconic three-stripe design and offers a wide range of athletic footwear, apparel, and accessories. Some of the top-selling Adidas products include the Ultraboost, Superstar, and Stan Smith shoes.

3. Under Armour

Under Armour is an American sportswear brand that offers innovative, performance-oriented athletic footwear, apparel, and accessories. The company has a market share of around 3.3% in 2020 and is best known for its compression apparel and wireless headphones.

4. Puma

Puma is a German sportswear brand that offers a wide range of athletic footwear, apparel, and accessories. The company has a market share of around 2.8% in 2020 and is known for its edgy designs and collaborations with top athletes and celebrities.

5. ASICS

ASICS is a Japanese sportswear brand that specializes in athletic footwear and apparel. The company has a market share of around 2.5% in 2020 and is known for its high-quality running shoes.

III. Other sportswear brands

Apart from the major players, there are several other sportswear companies operating in the market. Some of the well-known brands include Reebok, New Balance, Fila, Champion, and Converse, to name a few.

IV. Regional sportswear companies

Sportswear companies are not limited to the big names mentioned. Regional sportswear brands such as Li-Ning, Anta Sports, and 361 Degrees, have gained prominence in Asia, especially in China, where sports participation is on the rise.

V. The future of the sportswear industry

The sportswear industry is expected to continue its growth trajectory over the years to come, primarily driven by the rise of athleisure wear and sports participation. Additionally, companies are investing in sustainable and ethical manufacturing processes, which are expected to drive the growth of the industry further.

Conclusion

In conclusion, the sportswear industry is a highly competitive market, dominated by a few major players. However, there are several regional and upcoming companies that have started making their mark in the industry. The market is expected to witness continued growth, with consumers looking for comfortable and stylish athletic wear.

Nowadays, it is very common for us to utilise in body shaper for women. And the quality of is decisive to production efficiency.
Tengfei Technology Co., Ltd. is committed to supplying the consumer and our customers with the finest, high-quality products and to leading the industry in seam free underwear body shaper for women.
We want to be careful and deliberate about developing Tengfei, from the platform we choose, to the way we approach it, to the methods we use.
Tengfei Technology Co., Ltd. has an excellent staffs who will guide you with their best ideas by keeping in constant touch with your company and informing about the market trends.
Tengfei Technology Co., Ltd. is a initial company that supports expertise in searching marketing solutions.