A new report by ResearchAndMarkets.com estimates global sports apparel market to grow by 4.9 per cent to reach $247.4 billion by 2027. The report estimates discount stores will grow at a CAGR of 4.7 per cent to $ 81.2 billion by end of the analysis period. Brands’ segment is also likely to grow at 4.5 per cent CAGR over the next seven years. Growth in the global sports apparel market will be led by China which will grow at a 7.8 per cent CAGR to reach $51.9 billion by 2028. Other markets including Japan and Canada are expected to grow between 2.8 per cent to 3.9 per cent by the end of the analysis period. Germany, on the other hand, will grow by 3.5 per cent.

United States, Canada, Japan, China and Europe will lead growth in the worldwide Supermarkets and Hypermarkets segment at 4.8 per cent CAGR. These regional markets are anticipated to be worth $42.6 million by 2027. China will continue to be one of the fastest expanding markets in Asia Pacific. By 2027, the regional market is expected to reach $33,4 billion, led by countries like Australia, India, and South Korea, while Latin America is expected to grow by 5.5 percent over the analysis period.