The global sportswear market is projected to grow at a CAGR of 6.6% from 2021 to 2028 driven by certain growth opportunities:
- As remote work has become more common, leggings, sweatshirts and jogging pants have become acceptable business attire
- More eco-conscious consumers are demanding more transparency about the composition of the products they buy and the factories in which those products are manufactured
- The push for greater inclusivity in fashion has made adaptive athletic wear a growth market and has pushed many companies to expand their size range
- Offering personalized clothing or smart sportswear has become a way to stand out in an increasingly saturated market