![[Market Report] Sports Goods and Apparel Market](https://image.mono.ipros.com/public/product/image/0ff/2001252747/IPROS18401988630507831329.png?w=280&h=280)
[Market Report] Sports Goods and Apparel Market
The global sports equipment and apparel market is expected to experience rapid growth by 2030, rising from 340.6 billion USD in 2021 to 930.5 billion USD.
Market Overview The global sports equipment and apparel market, valued at 340.6 billion USD in 2021, is projected to grow to 930.5 billion USD by 2030. This indicates a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2022 to 2030. This rapid growth is primarily driven by the increasing popularity of sports activities, a rising health consciousness, and product evolution due to technological innovations. Factors Driving Growth: • Increasing Participation in Sports Activities: There is a growing participation in sports and fitness activities worldwide, leading to a higher demand for sports equipment and apparel. • Rising Health Consciousness: Increased interest in health and wellness is supporting the growth of the sports goods market. • Technological Innovations: The development of new products utilizing advanced materials and smart technologies is contributing to market expansion. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
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