With the rise of athleisure in recent years, it’s no surprise that sportswear manufacturers are thriving. Athletic wear has become a staple in many people’s wardrobes, whether they’re hitting the gym or just running errands. So, who is the second largest sportswear manufacturer in the world? You might be surprised to learn that it’s not the household name you’re thinking of.
While Nike is undoubtedly one of the most well-known sportswear brands, they’re actually not the second largest manufacturer. That title belongs to Adidas, the German company founded nearly a century ago. Adidas has been around for a long time, but they’ve only recently started to give Nike a run for their money. With their stylish designs and collaborations with celebrities like Kanye West and Beyoncé, Adidas has been able to capture a younger audience that demands both function and fashion.
Adidas has come a long way since its early days as a small-scale operation in a laundry room. Today, the company is a global behemoth, with a presence in nearly every corner of the world. They’ve expanded beyond just athletic wear, branching out into lifestyle clothing and footwear. So, what’s behind Adidas’s success? And what does the future hold for this sportswear giant? Let’s dive in and find out.
Top 10 Sportswear Manufacturers in the World
When it comes to sportswear, there are a lot of big players in the industry. From Nike to Under Armour, each brand brings a unique approach to designing and selling athletic apparel. But who exactly is the second largest sportswear manufacturer in the world? Let’s take a look.
Second Largest Sportswear Manufacturer in the World
According to recent data from Statista, the second largest sportswear manufacturer in the world is Adidas. Founded in Germany in 1949, Adidas has grown to become a household name in the athletic apparel industry. With its iconic three stripes and recognizable logo, the brand has a loyal following of athletes and consumers alike. As of 2020, Adidas had a revenue of over $23 billion and over 60,000 employees worldwide.
Top 10 Sportswear Manufacturers in the World
- Nike
- Adidas
- Under Armour
- Puma
- Reebok
- New Balance
- Skechers
- Asics
- Fila
- Amer Sports
Adidas’ Impact on the Industry
Adidas has been a driving force in the sportswear industry, leading the charge in innovative designs and meaningful collaborations. For example, the brand has partnered with environmental organization Parley for the Oceans to create shoes and apparel made from recycled plastic found in the ocean. Adidas has also been a champion of diversity and inclusivity, featuring a diverse range of models in their campaigns and releasing collections specifically designed for athletes with disabilities.
Overall, Adidas’ commitment to quality, innovation and social responsibility has made it a major player in the sportswear industry and a brand that sports enthusiasts and casual consumers alike can trust.
Comparison of Revenue among the Top Sportswear Manufacturers
| Company | Revenue (in Billions) | Year Founded |
|---|---|---|
| Nike | $37.4 | 1964 |
| Adidas | $23.6 | 1949 |
| Puma | $5.5 | 1948 |
| Under Armour | $4.5 | 1996 |
| Reebok | $1.8 | 1895 |
As you can see, Nike is by far the biggest company in the sportswear industry, with nearly double the revenue of its closest competitor, Adidas. However, Adidas’ strong presence and commitment to innovation and social responsibility make it a worthy contender for the number two spot.
Who is the Second Largest Sportswear Manufacturer in the World?
While Nike is undoubtedly the biggest player in the sportswear industry, the title for the second largest manufacturer is heavily contested. According to recent sales figures, Adidas currently holds the title, followed closely by Under Armour and Puma.
- Adidas – In 2020, Adidas reported sales of over $23 billion, with a wide range of products from athletic footwear to performance clothing and accessories. They have also secured partnerships with major sports teams and athletes, making them a highly recognizable brand worldwide.
- Under Armour – Founded in 1996, Under Armour has quickly grown to become a prominent player in the market, with sales of over $5 billion in 2020. They specialize in performance-oriented apparel, footwear, and accessories, with a focus on empowering athletes through innovative designs and advanced technology.
- Puma – With a history dating back to the 1940s, Puma is known for its iconic logo and stylish athletic wear. In 2020, Puma reported sales of over $5 billion, with a strong presence in both the performance and lifestyle segments of the industry.
Factors Contributing to the Success of Adidas and Other Major Competitors
So what sets these brands apart from the countless others vying for a slice of the sportswear market? One significant factor is strategic partnerships and marketing efforts. Each of these manufacturers has secured high-profile deals with sports teams and athletes, helping to increase brand recognition and build credibility.
In addition, these companies invest heavily in research and development to stay ahead of the game in terms of innovation and technology. From advanced materials to data-driven designs, these manufacturers are constantly pushing the boundaries in their respective fields.
Comparing the Major Sportswear Manufacturers
Here is a table comparing the sales figures and market share of the top sportswear manufacturers worldwide:
| Company | 2019 Sales | 2020 Sales | Market Share |
|---|---|---|---|
| Nike | $39.1 billion | $37.4 billion | 27.4% |
| Adidas | $23.7 billion | $23.6 billion | 17.3% |
| Under Armour | $5.3 billion | $5.2 billion | 3.8% |
| Puma | $5.5 billion | $5.2 billion | 3.8% |
While Nike remains the clear leader in terms of total sales and market share, Adidas and other major competitors continue to give them a run for their money with impressive figures and innovative strategies.
Adidas: The Third Largest Sportswear Manufacturer in the World
Adidas is not only one of the most recognizable sportswear brands globally, but it is also the third-largest sportswear manufacturer in the world. Founded in Germany in 1949, Adidas has grown from a small company that made sports shoes to a global conglomerate that designs and sells apparel, footwear, and accessories for sports and lifestyle purposes.
- Adidas makes shoes for basketball, soccer, running, training, and football, among other sports.
- It is also the official sponsor of the FIFA World Cup and UEFA Champions League.
- Aside from sports shoes, Adidas also designs fashion-forward sneakers and clothing for the modern, sporty consumer.
What sets Adidas apart from its competitors is its commitment to innovation and sustainability. The company has introduced a variety of technologies to improve the performance of its footwear, including Boost and 4D foam, which provide superior comfort and support.
In terms of sustainability, Adidas aims to reduce its carbon footprint by implementing eco-friendly practices at its factories and stores. The company has pledged to use only recycled polyester in its products by 2024, and it has also partnered with Parley for the Oceans to bring awareness to the issue of marine pollution.
| Year | Revenue | Net Income |
|---|---|---|
| 2015 | $19.1 billion | $720 million |
| 2016 | $19.3 billion | $1.05 billion |
| 2017 | $21.2 billion | $1.2 billion |
Overall, Adidas has established itself as a leading sportswear brand by offering high-quality products that cater to the needs of athletes and fashion-forward consumers. Its commitment to innovation and sustainability has also helped the company stay ahead of its competitors in the ever-changing sportswear industry.
Puma: A Rising Star in the Sportswear Industry
When discussing the top sportswear manufacturers in the world, Puma is an undeniable contender for a spot on the list. This German multinational company has seen a significant rise in popularity and revenue in recent years, putting itself in the conversation as the second largest sportswear manufacturer in the world. Here are some reasons why Puma is considered a rising star in the industry:
- Puma’s focus on sustainability: In today’s socially and environmentally conscious world, companies that prioritize sustainability are more likely to appeal to consumers. Puma has recognized this and has been working towards becoming a more sustainable brand. The company has released products made from recycled materials and has implemented more sustainable production methods.
- Cutting-edge technology: Puma has always been dedicated to innovation. Recently, the company has developed a new cushioning technology for their running shoes called “NITRO FOAM.” Additionally, Puma has been experimenting with 3D printing technology to create customized sneakers for customers.
- Celebrity collaborations: Puma has been successful in teaming up with high-profile celebrities and athletes to create limited edition lines. For example, the brand partnered with Rihanna to release a line of sneakers and apparel, which sold out within hours of release.
But what really sets Puma apart is its willingness to take risks and think outside the box. The brand has been known to experiment with unorthodox designs and colorways, resulting in unique and eye-catching products. This has helped Puma differentiate itself from competitors and attract consumers who are looking for something different.
Puma’s Financial Success
All of these factors have contributed to Puma’s impressive financial success. According to Forbes, the company’s revenue in 2020 was approximately $5.5 billion, up from $4.5 billion in 2019. Puma’s net profit also increased from $295 million in 2019 to $411 million in 2020. This growth has positioned Puma as a major player in the sportswear industry and showcases its potential to become the second largest sportswear manufacturer in the world.
Puma’s Competition
While Puma’s success is impressive, the competition in the sportswear industry is fierce. Nike currently holds the title as the largest sportswear manufacturer in the world, with revenue of over $37 billion in 2020. Adidas, another German multinational company, is currently the closest competitor to Nike, with revenue of nearly $25 billion in 2020. However, both Nike and Adidas are facing increasing competition from up-and-coming brands like Puma, Under Armour, and Lululemon.
| Company | Revenue in 2020 | Net Profit in 2020 |
|---|---|---|
| Nike | $37 billion | $2.5 billion |
| Adidas | $24.6 billion | $656 million |
| Puma | $5.5 billion | $411 million |
Despite the competition, Puma’s unique approach and commitment to sustainability and innovation have helped it carve out a significant piece of the sportswear market. As the company continues to grow and gain popularity, it’s not far-fetched to believe that it could one day become the second largest sportswear manufacturer in the world.
Under Armour: A Leading Manufacturer of Athletic Apparel
Under Armour is one of the leading sportswear manufacturers in the world, known for its high-quality athletic apparel, shoes, and accessories. It was founded in 1996 in Maryland, USA, by Kevin Plank, a former football player at the University of Maryland. Under Armour has become a household name in the sports industry, with its products being used by athletes and fitness enthusiasts alike.
- Revenue and Market Share: Under Armour has had significant growth in recent years, with a revenue of $5.3 billion in 2020. It is the second-largest sportswear manufacturer in the United States, behind Nike. However, globally, it ranks fourth in terms of market share, with Adidas and Puma being the second and third largest manufacturers, respectively.
- Innovative Technologies: Under Armour is known for its innovative technologies that are incorporated into its products. Some of these technologies include:
- UA HOVR™ cushioning technology – provides a comfortable and responsive ride for athletes.
- ColdGear® and HeatGear® technologies – designed to regulate body temperature in extreme weather conditions.
- Charged Cushioning® technology – provides energy return and impact absorption.
- Partnerships and Endorsements: Under Armour has partnerships with several sports teams and athletes, including Stephen Curry, Tom Brady, and Lindsey Vonn. These partnerships have helped the company increase its brand visibility and expand its customer base.
- Sustainability Efforts: Under Armour has taken steps to reduce its environmental impact, such as using recycled materials in its products and implementing sustainable manufacturing practices. In 2020, the company launched UA Renew, a collection of products made from recycled materials.
Conclusion
Under Armour has established itself as a leading manufacturer of athletic apparel, with its innovative technologies and partnerships with top athletes and sports teams. While it may not be the largest sportswear manufacturer globally, it has shown significant growth in recent years and has taken steps to improve its sustainability efforts.
| Company | Revenue (2020) | Market Share |
|---|---|---|
| Nike | $37.4 billion | 27.4% |
| Adidas | $20.1 billion | 14.7% |
| Puma | $6.7 billion | 4.9% |
| Under Armour | $5.3 billion | 3.9% |
Despite being the fourth-largest sportswear manufacturer globally, Under Armour has established itself as a leading brand in the sports industry, known for its innovative technologies and partnerships with top athletes and sports teams.
New Balance: A Major Player in the Running Shoe Market
When it comes to sports apparel, Nike is the undisputed king, but who is the second largest sportswear manufacturer in the world? It might come as a surprise to some, but that honor goes to New Balance. This American company managed to carve out a significant niche for themselves in the running shoe market, despite the immense competition.
Founded in 1906, New Balance started off as a small footwear company in Boston, Massachusetts. They gained popularity in the 1970s, thanks to their innovative running shoe designs that provided more support and comfort than their competitors. Today, New Balance is a global brand with a focus on both athletic performance and style.
- New Balance has a wide range of running shoes, catering to different types of runners. Their Fresh Foam line provides cushioning, while their FuelCell technology delivers energy return. They also offer stability shoes like the 860, recommended for runners who overpronate.
- In addition to their running shoes, New Balance also produces apparel, accessories, and lifestyle shoes. Their apparel includes performance wear for running, training, and other sports, as well as casual wear for everyday use.
- New Balance has also made efforts to be more environmentally friendly, using sustainable materials in their products and reducing waste wherever possible. They also support programs that encourage outdoor activity, like their partnership with the National Park Foundation.
One of New Balance’s biggest strengths is their focus on domestic manufacturing. They have five factories in the United States, which accounts for about a quarter of their global production. This not only helps to create jobs in the US, but also allows them to have better control over the quality of their products.
So, while they may not have the same level of brand recognition as Nike, New Balance has certainly made a name for themselves in the running shoe market. With their dedication to innovation, quality, and sustainability, it’s no surprise that they’re the second largest sportswear manufacturer in the world.
| New Balance Running Shoe Models | Features |
|---|---|
| Fresh Foam | Cushioning |
| FuelCell | Cushioning and Energy Return |
| 860 | Stability for Overpronation |
Overall, New Balance is a brand that runners can trust, providing them with high-quality, innovative shoes that help to improve performance and reduce the risk of injury.
Reebok: A Brand with a Rich Heritage in Sportswear
Reebok is a global athletic footwear and apparel company that designs, markets, and distributes sports, fitness, and fashion products. Founded in 1958, the brand has a rich heritage in sportswear and has become one of the leading sports footwear and apparel companies worldwide. With a focus on creating innovative products that empower people to be fit for life, Reebok has a reputation for producing high-quality sportswear that is both stylish and functional.
The Second Largest Sportswear Manufacturer in the World
- According to Statista, Adidas Group is the second largest sportswear manufacturer in the world, which includes the Adidas, Reebok, and TaylorMade-adidas brands.
- Adidas acquired Reebok in 2006 for $3.8 billion, making it a subsidiary of Adidas Group.
- Reebok continues to operate as a separate brand within the Adidas Group, with its own unique products and marketing campaigns.
American-style Sportswear
Reebok is known for its American-style sportswear, which includes apparel and footwear that is designed for use during sports and fitness activities. The company has a wide range of products, including sneakers, athletic apparel, and fitness gear, designed for athletes and fitness enthusiasts of all levels.
Reebok has also partnered with various athletes and celebrities throughout the years, including basketball player Allen Iverson, MMA fighter Ronda Rousey, and rapper Kendrick Lamar, to create products that reflect their unique styles and personalities.
Innovations in Sportswear
Reebok has a long history of innovation in sportswear technology, with notable products including the Pump sneaker, which was designed for basketball players and featured an air bladder that inflated around the ankle for added support and stability.
The brand has also developed technology for its CrossFit line of products, which includes CrossFit-specific footwear and apparel designed for the high-intensity workouts that are characteristic of the CrossFit fitness regimen.
Reebok: A Sustainable Brand
Reebok has made a commitment to sustainability through its “Cotton + Corn” initiative, which aims to create footwear made from sustainable materials, including cotton and corn, by 2020. The brand has also launched a line of vegan athletic shoes made from natural materials, including eucalyptus bark, recycled rubber, and organic cotton.
| Reebok’s Sustainability Initiatives | Description |
|---|---|
| Cotton + Corn | An initiative to create footwear made from sustainable materials, including cotton and corn, by 2020. |
| Product Lifecycle Assessment | Assessing the environmental impact of products from design to disposal to reduce waste and improve sustainability. |
| Vegan Collection | A line of vegan athletic shoes made from natural materials, including eucalyptus bark, recycled rubber, and organic cotton. |
With a rich heritage in sportswear, a commitment to innovation, and a dedication to sustainability, Reebok is a brand that continues to thrive and inspire people to be fit for life.
FAQs – Who is the Second Largest Sportswear Manufacturer in the World?
1. Who is currently the largest sportswear manufacturer in the world?
Nike is currently the largest sportswear manufacturer in the world.
2. Who holds the second-place ranking in the sportswear manufacturing market?
The second largest sportswear manufacturer in the world is Adidas, a German-based company.
3. When was Adidas founded and where is it based?
Adidas was founded in 1949 by Adolf Dassler and is based in Herzogenaurach, Germany.
4. Does Adidas only produce sportswear?
No, Adidas also produces casual clothing, footwear, and accessories.
5. What is the revenue of Adidas in 2020?
In 2020, Adidas had an estimated revenue of 19.8 billion euros.
6. How does Adidas compare to other sportswear manufacturers in terms of sustainability?
Adidas has made a commitment to sustainability and has implemented several measures to reduce its environmental impact, such as using recycled materials and reducing water usage in production.
Closing Thoughts
Thanks for reading about the second largest sportswear manufacturer in the world! Adidas has made a big impact in the industry and continues to innovate in both sportswear and sustainability. Come back and visit us later for more interesting facts and trivia.