Soccer Sportswear Market Forecast, Trend Analysis & Competition Tracking - Global Industry insights 2015 to 2031

Soccer, commonly known as Football in most parts of the world, is a competitive sport in which two teams of 11 players compete, using a spherical ball. With approximately 250 million participants spread across 200+ countries, it is the most famous sport globally. The game is generally played on a 'pitch/field,' a rectangular turf or mud ground with a goal post at either of its ends. The game's objective is to outscore the opposing team by kicking the soccer ball past the goal line of the opposite team, thereby scoring a goal. The soccer team with the most number of goals at the end of a predetermined timeframe (generally 90 minutes) wins the game.

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The increasing interest in sports activities, mainly soccer, is expected to continue propelling this concerned market with high revenue growth in the years to come. This factor encourages several key industry players to increase their respective contributions to this sportswear market to cater to the given surge in demand effectively.

• For instance, Puma is known as a premier leader in the Indian soccer sportswear market due to various technological advancements they have begun to implement in their assorted fabrics selection

Global Soccer Sportswear Market Revenue Outlook:

The global soccer sportswear market was valued at US$ 95 Mn in 2020 and is projected to register а САGR of 2.0% by 2031.

The global soccer sportswear market is segmented based on product type, end-user, distribution channel and regions. The footwear segment is anticipated to account for a significant revenue share among the product type segments in the target market. Based on the end-user, the teamwear (B2B) segment is expected to account for significant revenue. Based on distribution channels, the online sports generalist segment is expected to account for significant gain.

Rapidly growing sports industry is boosting the growth of the global soccer sportswear market

A steady shift aids the increasing prominence of the sports industry and its associated factions in the educational paradigm. An increase in physical education and sports training in academic curriculums has led to a better understanding of sports and health among the general public. Several schools and educational institutions provide students with training and opportunities to participate in different sporting competitions. An increase in local, national, and international competitions/events organized by various governments or governing authorities worldwide is slated to lead to a rise in youth participation in sports. As a result, the demand for sports equipment and apparel is expected to spike, thereby significantly contributing to the overall revenue growth of this market.

Increasing Disposable Income Level Is Anticipated to Positively Influence this Industry

Consumers are continually seeking to purchase sporting apparel, such as socks, gloves, guards, etc., in line with current trends. In addition, the increase in government programs held across different countries aimed at increasing sports participation levels is another significant element that is anticipated to influence this industry positively.

• For instance, in India, 'Mission XI Million, a joint venture between the All-India Football Federation (AIFF) and the Federation International de Football Association (FIFA), aimed at popularizing soccer/football. The objective of this program is to actively engage '11 million boys' and girls' to play the game regularly.

• Union of European Football Associations (UEFA) is significantly investing in the sport by proposing and leading more effective training for youngsters by 2024.

Covid-19 Pandemic Hampering the Market Growth

The COVID-19 pandemic has hurt the football sportswear industry. To prevent the spread of disease, people are advised to remain at home unless they must carry out essential tasks. Governments have been forced to impose and enforce social and mobility restrictions to monitor the spread of the disease. Various sporting authorities have been forced to shut facilities, prohibit travel, and even cancel sporting events and leagues. Several major football sporting events were canceled during different imposed lockdowns, which is expected to slow the soccer sportswear market's revenue growth.

• For instance, the Euro 2020 Championships, initially scheduled to occur between June 12 - July 12, 2020, have been postponed for a year and are expected to occur between June 11 - July 11, 2021.

Women Participation is Creating New Growth Opportunities

The female consumer segment of the soccer sportswear industry is expanding at an exponential pace. Women are steadily becoming more involved in sports as they realize that these practices will aid in maintaining optimal health. In recent ages, the popularity of Women's Football has exploded. Girls and women worldwide are rapidly becoming more passionate about this game, both on and off the field, and are using it as a tool to break down various social stigmas/barriers. Women's World Cup 2019 of FIFA, held in France, with its world-class game pedigree and a billion-plus in television audiences, demonstrated how much the women's aspect of this game has progressed in recent times

• For instance, FIFA has expanded the number of competing teams from 24 to 32 for its 2023 edition. FIFA has also announced that it will double its women's football investment to $1 billion during the same period. A solid plan with realistic goals, such as increasing the number of female players across the world to 60 million by 2026, reinforces these efforts.

Competitive Landscape

The soccer sportswear market landscape appears highly consolidated, with a significant chunk of it being dominated by US players.

• NIKE Inc.

• Adidas AG

• Gap Inc.

• PUMA SE

• ANTA Sports Products Ltd.

• ASICS Corp

• Under Armour, Inc.

• Li-Ning Company Limited

• Mizuno Corp

• KELME

• Other Players

Report Scope

• Forecast Period: 2022-2031

• Actual Year: 2021

• Historical Data Available for: 2015-2020

Key Regions Covered

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Key Segments Covered

Soccer Sportswear Market, By Product Type

• Apparel

• Footwear

• Equipment

Soccer Sportswear Market, By End Users

• Individual users (B2C)

• Teamwear (B2B

Soccer Sportswear Market, By Distribution Channel

• Online Soccer Specialists

• Online Sports Generalists

• Traditional Offline Retailers