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Sport

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The global population is increasingly concerned with health, fitness, and lifestyle. Not to mention the pandemic outbreak that has made it worse for the past 2 years. It started to open the eyes of the public about how important a healthy lifestyle is now.

 

Based on the Statista report about the sports and fitness industry stated: 

  • From 2021 to 2028, the online or digital fitness industry is projected to have the highest growth rate of 33.10% each year, for a total growth of 640.1% from 2021 to 2028 due to higher demand. 

  • The global Sports and Fitness Apparel Market is expected to grow at a significant rate during the forecast period, between 2022 and 2027. 

  • The industry is expected to reach $567B by 2026.

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Sports and Fitness Industry

The sports and fitness industry is huge and diverse involves lots of people, activities, organizations, and businesses. It also includes all aspects of sport and fitness ranging from professional sport, coaching, sport development, and performance analysis. Exercise instruction including work in leisure centers, gyms, swimming pools, stadiums, and private sports clubs is also in the industry, as well as a range of outdoor activities and education programs.

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The sports apparel and footwear industry are part of the sport and fitness industry and also the fashion or garment industry. It is a big industry that comprises many product categories from basic to luxury options. In recent years, as the sports and fitness industry is on the rise, it has had an impact on the sports apparel and footwear industry too. There have also been changes in the dynamics of the sports apparel manufacturing industry as there were changes in terms of design and functionality, consumer demand, and shifting retail strategies. 

Despite the current global economic downturn, there has been an increased demand for athleisure wear throughout the pandemic. Consumption has climbed even more during the lockdown. Aside from sports and exercise, it can be used for a variety of purposes. These comfortable clothes can be worn both inside and outside of the house.

Adult's and children's demand for joggers, hoodies, and sneakers have expanded dramatically in both quantity and variety. As a result, the industry is predicted to do very well over the projection period.

Sports Apparel and Footwear Industry

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New Opportunities and Demands in Sports Apparel and Footwear Industry

With the rise in the affluent population, lots of sports brands have been gaining popularity in emerging markets. Furthermore, rising consumer awareness of health issues and increased adoption of fitness activities such as aerobics, swimming, jogging, and yoga are driving market expansion. The rise in female participation in sports and fitness activities promotes the growth of the sports clothing industry. Aggressive advertising and celebrity endorsement have aided the sports apparel industry's rise. 

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In a world that is going worse with an unhealthy lifestyle, fitness comes to the rescue! At MCM, we believe that a healthy lifestyle and fitness is a new priority that Malaysians will embrace. We are committed to building a community of fitness and health enthusiasts who share the same goals. Fitness will be the next biggest trend in Malaysia, let’s "Creating Wave of Wellness, Starting Ripple of Healthy Lifestyle"!

Fitness is the way forward.

Contact Us

MCM Global Sports Venture Sdn Bhd

(1383079-W)

B-5-1, Pusat Perdagangan Bandar Bukit Jalil, Persiaran Jalil 7, 57000 Kuala Lumpur, Malaysia.

globalsports.mcm@gmail.com