Australia Sportswear Market Growth, Share, and Forecast 2024-2032

Sportswear Market- Australia

Base Year: 2023

Market Size in 2023: USD 2.09 Billion

Market Size in 2032: USD 3.74 Billion

Market Growth Rate: 6.30% (2024-2032)

A combination of factors such as growing health awareness, the rise of active lifestyles, as well as the increasing popularity of fitness activities are responsible for the growth of the Australia sportswear market. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.30% from 2024 to 2032.

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Australia Sportswear Industry Trends and Drivers:

Growth of the Australia Sportswear Market

• Health Awareness and Active Lifestyles: Increasing health consciousness and the adoption of active lifestyles are key drivers of growth in the Australian sportswear market.
• Popularity of Fitness Activities: The rise in participation in various fitness activities contributes significantly to market expansion.
• High Demand for Comfort and Performance: Consumers are seeking sportswear that combines comfort with high-performance features, pushing market growth further.
• Brand Response: Major sportswear brands are offering apparel that blends functionality with style to cater to both professional athletes and everyday fitness enthusiasts.
• Athleisure Trend: The growing athleisure trend, where sportswear is worn not only for workouts but also as casual fashion, is fueling market growth.
• E-commerce Expansion: The surge of online retail platforms has made sportswear more accessible, enabling consumers to explore a wide range of products and brands with ease.

Key Trends Shaping the Market

• Sustainability and Eco-Friendly Materials: Consumers are increasingly focusing on sustainable and eco-friendly products, prompting brands to incorporate recycled polyester, organic cotton, and ethical manufacturing practices.
• Technology Integration: Sportswear is integrating advanced technologies, such as moisture-wicking fabrics, temperature-regulating materials, and smart clothing with fitness-tracking capabilities, to enhance the consumer experience.
• Personalization: Personalized and data-driven products that cater to individual preferences are gaining traction in the market.

Market Outlook

• Sustained Growth: The Australian sportswear market is expected to witness continued growth driven by innovation, evolving consumer preferences, and the blending of performance and lifestyle elements in product design.

Australia Sportswear Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Australia sportswear market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Category Insights:

• Sports Apparel
• Sports Footwear
• Sports Accessories

Distribution Channel Insights:

• Online
• Offline
  • Sporting Goods Retailers
  • Supermarkets and Hypermarkets
  • Exclusive Brand Outlets
  • Others

End User Insights:

• Men
• Women
• Children

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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State/Province/Region: Queensland

Country: Australia

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