Sports Bra Market to Surpass with CAGR of 11.97% and Garner Revenue of $93.67 Billion By 2027

10 Aug 2021

Sports Bra Market is segmented in type, application, end user and region. On the basis of type, the Sports Bramarket is divided in to sports bra and sports underwear. On the basis of application, the market is segmented in to supermarket, online and others.

Sports Bra Market extrapolated to grow from $43.72 Billion in 2020 to reach $USD 93.67 Billion By 2027 at a Compound Annual Growth Rate (CAGR) of 11.97%. The base year for the study is 2020 and the forecast period is considered to be 2021 to 2027.

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Market Analysis of Sports Bra-

Sports bra is woman underwear which provides support to breasts during physical exercises and sports activities. It is sturdier than typical bras, comfortable to wear, minimizes breast movements, provides less discomfort and reduce potential damage to chest ligaments. Sports underwear is mainly used by sports person and the people who do exercises and yoga as these cloths are flexible, comfortable and more stretchable. These cloths are made with special fabrics which help to keep the wearer comfortable during sports activities, exercise and yoga. Different types of fabric are available depending on the intensity of the exercise and activity. Sports men mainly wear more tightly fitting underwear, containing jockstraps and jockstraps with cup pocket and protective cup. Sports underwear is designed according to the thermal insulation needs of the wearer.

The regions covered in this Oil Country Tubular Goods Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Oil Country Tubular Goods is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players–

Some major key players for global Sports Bramarket are Under Armour, Adidas, Nike, Decathlon, New Balance, Lululemon Athletica, The North Face, Arc'Teryx, Asics, Enell, Champion, Gap, Bonds, Triumph, Berlei, Reebok, Ellesse, Shock Absorber, Puma, Victoria'S Secret & Nanjiren and others.

The Increasing Awareness of Active Lifestyle is Driving the Sports BraMarket

The popularity of wearing active sportswear in everyday life has become trend around 2010 and continues to grow in demand. It has become more of casual wearing and broken out of its traditional limitation of being used only at the time of sports activities and exercises. Due to extensive demand, promotion by popular sports person and advantages of using the product, the market of Sports Brais expanding rapidly. In the previous few years, the increase in awareness of active lifestyles have seen consumers and retailers alike move away from the push-up bras to sports bra and casual underwear to sports underwear. For example, the average price point of sports bra in USA has increased by 5% from $44.95 to $47.37. Some of the factors which help in propelling the market to grow are aspirational fitness fashion, cultural movements, urban adaptations, social change, innovative fabrics and sports influence on fashion industry. Substitute products are restraining the Sports Bra market.

North America is dominating the Sports Bra Market

Asia-pacific region is expected to have highest growth rate in Sports Bramarket due to increasing average income, increasing awareness of healthy lifestyle and overall growth of sports apparel industry in this region. China is the largest market for sports apparel sales in Asia-pacific region and also have significant share in Sports Bramarket due to government policies such as project of building up to 60 % more sports facilities by 2025, to achieve goal of having 500 million people exercising regularly. North America is dominating the Sports Bramarket followed by Europe due to presence of number of major players in sports apparel industry. Still established markets of these regions are struggling to show increase in sales of sports products including sports underwear. For example, Europe experienced about average growth of just 1% in sports apparel market where as USA have growth rate about 4% according to sports chump wen portal. In Middle East & Africa recently year-over-year sales have reached up to growth rate of 15%, showing future opportunity for the market to expand in this region.

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Market Segmentation –

By Product Type

Sports Bra 
Sports Underwear 

By Application

Supermarket 
Online 
Others 

By Regional & Country Analysis:

North America
US.
Canada
Europe
UK.
France
Germany
Italy
Asia Pacific
China
Japan
India
Southeast Asia
Latin America
Brazil
Mexico
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa

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