Retail sales of sportswear and outdoor apparel account for a considerable portion of the overall global apparel market. In 2016, the global sportswear and outdoor apparel market generated an estimated ***** billion U.S. dollars in retail sales. The global apparel market was forecast to be worth a total of around *** trillion U.S. dollars by 2020.
Athletic apparel market
The global sportswear market is a lucrative market, which is forecast to grow further in the coming years. Not only is Nike one of the most prominent producers within this market worldwide, but the company was also ranked as the world's leading athletic apparel brand. Nike and adidas are, by some margin, the leading companies in the sportswear industry worldwide. Puma and Under Armour are two other big companies which operate within this market.
Outdoor clothing market
The global outdoor clothing market is also significant in size, valued at approximately **** billion U.S. dollars in 2018, and forecast to reach a value of **** billion U.S. dollars by 2026. VF Corp operates within this market, with the company’s The North Face brand one of the most recognizable outerwear brands around. In 2019, VF Corporation's outdoor segment had revenues amounting to *** billion U.S. dollars worldwide.
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