{"id":6540,"date":"2021-02-01T13:00:44","date_gmt":"2021-02-01T13:00:44","guid":{"rendered":"https:\/\/www.safebettingsites.com\/?p=6540"},"modified":"2022-03-31T09:26:03","modified_gmt":"2022-03-31T09:26:03","slug":"sportswear-market-forecasted-to-cross-the-200b-mark-in-2022-currently-at-185b","status":"publish","type":"post","link":"https:\/\/www.safebettingsites.com\/2021\/02\/01\/sportswear-market-forecasted-to-cross-the-200b-mark-in-2022-currently-at-185b\/","title":{"rendered":"Sportswear Market Forecasted to Cross the $200B Mark in 2022 – Currently at $185B"},"content":{"rendered":"
The sportswear market has grown rapidly in recent years owing to several factors such as an increased awareness about health and fitness and the increased participation of women in sports activities. According to data presented by Safe Betting Sites<\/a>, the sportswear market is forecasted to cross the $200B mark in 2022 and reach almost $250B by 2026.<\/p>\n In more recent times, awareness around health and fitness entered the mainstream which then led to more active lifestyles around the world. Furthermore, an increase in affluence in emerging countries such as India<\/a> and China, where health and fitness are also gaining in significance, is contributing greatly to the continued growth of the sportswear market.<\/p>\n In 2018 The sportswear market was valued at $167.7B in 2018 and rose to $185.24B in 2020, an increase of 10.5%. It is also projected to rise to $248.1B by 2026, giving it a projected compound annual growth rate (CAGR) of 5.1% in the seven-year period from 2019 to 2026.<\/p>\nGrowing Awareness in Health and Fitness Seen as Main Factor for Growth<\/h2>\n