Global Sports Bra Market Share Is Likely To Reach At A CAGR Value Of Around 12.1% By 2028

30-Sep-2022 | Facts and Factors

According to Facts and Factors, the global sports bra market size was worth around USD 43725 million in 2021 and is predicted to grow to around USD 95324.6 million by 2028 with a compound annual growth rate (CAGR) of roughly 12.1% between 2022 and 2028.

A sports bra is a women's clothing product to be worn during sports activities. It has become an important part of the modern-age world where the female force is undertaking various physical and recreational activities either for professional reasons or as a part of daily routine to maintain physical health. Companies in the segment view sports bras as a way of winning female athletes that have millions of followers thus reaching a larger consumer database. Earlier sports bras were considered a luxury and were used only by a certain section of the female population. However, with growing awareness activities like describing why a sports bra is a necessity, companies have worked extensively to cater to the different demands of end-consumer from every segment. In 2018, The Sports Bra project was initiated by Sarah Dwyer-Shick, requesting brands and people to donate sports bras to provide them to athletes who faced barriers in accessing the product due to a variety of reasons. The movement since then has gained a lot of momentum and has reached other parts of the world like Australia. There are two types of sports bras. One that compresses breasts and the other that encapsulates them.

Browse the full “Sports Bra Market Size, Share, Growth Analysis Report By Distribution Channel (E-Commerce, Brand Outlets, Company Website, and Offline Retail Stores), By Design (Non-Padded, and Padded), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/sports-bra-market

Covid-19 resulted in a positive push in the global market cap after the initial lockdown impositions were slowly lifted. Many women were known to have started some form of workout while staying at home as a means of taking care of their physical and mental length. Once the online purchase platforms opened for operation, the global market started witnessing a rise in sales. In 2020, more than 55 million people were forecasted to have started practicing yoga and 72% of them were females.

The global sports bra market is projected to grow owing to the increasing integration of clothing design, manufacturing, and technology. In the modern world, women have high expectations from the brand and players present in the market. With growing awareness and greater independence, end-consumers have started holding brands accountable for the kind of products and services provided to them. The new self-aware consumer knows exactly what they want for the price they pay to avail of a certain service or a product. In this case, sports bra manufacturers are aware that the consumers expect a certain quality, grade, and type of product that caters to their specific needs. To meet the growing expectations, companies have started investing heavily in deploying technology to understand, research to develop better ways of manufacturing, developing new fabrics, and using quantifiable knowledge to create products that will be accepted in the global market.

The sizing issues may restrict the global market expansion while more growth opportunities can be expected owing to increasing investment in marketing & advertisement. However, counterfeit and low-quality products may create challenging situations.

The global sports bra market is segmented based on distribution design, channel, and region

Based on the design, the global market is segmented into non-padded and padded. The global market witnessed a high adoption rate for non-padded bras since padded underwear can lead to more discomfort in case of ill-fitting. Padded bras are most effective when the breast completely fits the garment, otherwise, they may lose their credibility. As per official data, around 80% of the women wear the wrong size bras resulting in the product becoming ineffective in delivering the expected outcome.

Based on distribution channel, the global market segments are e-commerce, brand outlets, company website, and offline retail stores. The highest revenue-generating segment is the e-commerce section owing to the ease of purchase, availability of options, and excellent customer care helping buyers from choosing the product until the final delivery and post-delivery care as well. As per a 2021 Statista report, around 21% of Nike’s sales in 2020 were owed to first-party e-commerce.

Europe is projected to lead the global sports bra market with high revenues owing to high product awareness and adoption rate. The female population of European countries is known for physical fitness. Since there is a direct positive relationship between physical and mental health, almost all medical practitioners recommend women undertake some form of regular physical activity even if not for professional reasons. This is one of the major reasons why a large number of females in the EU are known to be accustomed to recreational activities regularly. The regional market of North America is projected to grow owing to the exceptionally high budget of brands for the marketing and advertising of the product. Nike is known to constantly collaborate with influential sports personalities, giving them the liberty to help Nike design the product which is an excellent strategic way of creating brand awareness and acceptance.

Report Scope

The global sports bra market is dominated by players like Jockey International, Inc., Adidas AG, Nordstrom Inc., Puma SE, Columbia Sportswear, and Nike Inc.

Recent Developments:

• In June 2022, Nike announced the launch of new sports bra technology called BooB Robot, which is claimed to change the way sports bras are created.
• In January 2022, Under Armor collaborated with the University of Portsmouth and Dr. Joanna Scurr to create UA Infinity Bra.

The global sports bra market is segmented as follows:

By Distribution Channel

• E-Commerce
• Brand Outlets
• Company Website
• Offline Retail Stores

By Design

• Non-Padded
• Padded

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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