Global Sports Bra Market Size will Reach $11.74 Billion in 2023

Global Sports Bra Market Overview

According to Global Market Monitor, the global sports bra market size will reach $11.74 billion in 2023 with a CAGR of 11.16% from 2023 to 2028.

The sports bra industry includes three types, light support, medium support, and high support.Across the world, the major players cover Lululemon Athletica, Under Armour, Nike, Adidas, etc.

The female sports population has grown rapidly, becoming the main force of sports and fitness. With the improvement of women's education degree and income level, health and body shape have gained attention, and more and more women have fitness habits, becoming half of the sports population. Sports bras provide support to female breasts during physical exercise. Sturdier than typical bras, they minimize breast movement, alleviate discomfort, and reduce potential damage to chest ligaments. Many women wear sports bras to reduce pain and physical discomfort during exercise.

China Sports Bra Industry has Broad Prospects.

In China, vigorous promotion of national sports and fitness has been included in the national strategic level and is committed to improving the healthy development of the domestic sports industry in recent years. With the popularization and strengthening of sports and fitness awareness and the improvement of sports-supporting facilities, Chinese consumers' participation in sports has increased significantly, and the demand for sports bras has also grown. It is expected that China will still have a large market opportunity in the next few years.

Sports Bra Industry Competition Status

As a labor-intensive industry, product homogeneity in the global market is very serious. The price competition is fierce and the profit margin of manufacturers is continuously decreasing, becoming one of the obstacles. With the development of the economy, people have higher demands on wages, which has led to an increase in labor prices in various regions of the world. Raw materials occupy a big share of the entire production cost, as the price of raw materials rises, the manufacturing costs will increase, thereby reducing the profits that manufacturers can obtain.

Lululemon Athletica is one of the major players operating in the sports bra market, holding a share of 5.38% in 2022. The company produces fitness pants, shorts, tops, and jackets for yoga, dance, running, and general fitness, serving customers worldwide.

Company Name	Lululemon Athletica
Website	www.lululemon.com
Established Time	1998
Plants Distribution	North America, Asia Pacific, etc.
Sales Region	Worldwide
Competitors in Sports Bra	Nike, Adidas, and Decathlon