The 9 World's Biggest Sport Apparel Companies in 2024
The 9 Biggest
Sport Apparel Companies in the World– There are 9 Biggest Sport Apparel Companies in the World of 2024. This data
is obtained from the annual report published in 2024 by each company.
Specifically, the rank is based on the profitability of the companies. The
bigger the profit that they have gotten and the higher rank they will get.
These companies certainly have a huge market for
sports apparel products. Obviously, we can see their logos in several mass media and electronics too. Furthermore, their
products are also attached to famous professional sports athletes or clubs. In
terms of their marketing strategy, they sacrifice tons of money to increase
their brand awareness all over the world.
In 2024, after the global recession in some
countries, these companies struggle to increase their sales. Many dynamics
conditions influence the company’s performance. Because some countries face
economic recession and expanding unemployment, they need to struggle with
innovative ideas and breakthroughs. In terms of their performance in 2024, here are some of
these biggest apparel companies’ ranks. It is based on the amount of net profit
generated by the company in 2024.
The Rank of 9 World's Biggest Sport Apparel Companies Based on Net Income in 2024
|
Rank |
Name of Companies |
Total Revenue |
Total Revenue |
Net Income |
Net Income |
|
Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
||
|
1 |
Nike |
USD 51.3 billion |
USD 51.3 billion |
USD 5.7 billion |
USD 5.7 billion |
|
2 |
Adidas |
EUR 23.6 billion |
USD 26.1 billion |
EUR 0.764 billion |
USD 0.84 billion |
|
3 |
Li-Ning |
RMB 28.6 billion |
USD 4 billion |
RMB 3 billion |
USD 0.42 billion |
|
4 |
Asics |
USD 4.3 billion |
USD 4.3 billion |
USD 0.407 billion |
USD 0.407 billion |
|
5 |
Puma |
EUR 8.8 billion |
USD 9.76 billion |
EUR 0.281 billion |
USD 0.31 billion |
|
6 |
Under Armour |
USD 5.7 billion |
USD 5.7 billion |
USD 0.23 billion |
USD 0.23 billion |
|
7 |
Fila |
KRW 4.2 trillion |
USD 3 billion |
KRW 207 billion |
USD 0.15 billion |
|
8 |
Mizuno |
JPY 240 billion |
USD 1.7 billion |
JPY 15.4 billion |
USD 0.10 billion |
|
9 |
Yonex |
JPY 138 billion |
USD 0.98 billion |
JPY 10.6 billion |
USD 0.07 billion |
|
Source: Annual Report, 2024 |
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Currency Rates: |
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|
1 Euro (EUR) = 1.11 US Dollar (USD) |
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1 Yuan Renminbi (CNY) = 0.14 US Dollar (USD) |
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1 Korean Won (KRW) = 0.00072 US Dollar (USD) |
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1 Japanese Yen (JPY) = 0.0071 US Dollar (USD) |
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Origin Currency - The Currency that Officially Used in
Annual Report of 2023 |
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|
US Dollar- The Converted Currency from Origin Currency
to US Dollar with Currency Standart Above |
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Regarding the company’s profit, of course, it will
be different from one another depending on its performance in that year.
Regarding the company’s financial condition, the following is additional data
related to the company’s assets and liabilities. These are taken from the
Balance Sheet of the annual report in 2024.
The Rank of 9 World's Biggest Sport Apparel Companies Based on Total Assets in 2024
|
Rank |
Name of Companies |
Total Assets |
Total Assets |
Total Liabilities |
Total Liabilities |
|
Origin Currency |
US Dollar |
Origin Currency |
US Dollar |
||
|
1 |
Nike |
USD 38.1 billion |
USD 38.1 billion |
USD 23.7 billion |
USD 23.7 billion |
|
2 |
Adidas |
EUR 20.6 billion |
USD 22.8 billion |
EUR 14.7 billion |
USD 16.3 billion |
|
3 |
Puma |
EUR 7.1 billion |
USD 7.8 billion |
EUR 4.3 billion |
USD 4.7 billion |
|
4 |
Li-Ning |
RMB 35.7 billion |
USD 4.9 billion |
RMB 9.6 billion |
USD 1.3 billion |
|
5 |
Under Armour |
USD 4.7 billion |
USD 4.7 billion |
USD 2.6 billion |
USD 2.6 billion |
|
6 |
Fila |
KRW 5.5 trillion |
USD 3.9 billion |
KRW 2.8 trillion |
USD 2 billion |
|
7 |
Asics |
USD 3.3 billion |
USD 3.3 billion |
USD 1.8 billion |
USD 1.8 billion |
|
8 |
Mizuno |
JPY 218 billion |
USD 1.54 billion |
JPY 61.3 billion |
USD 0.43 billion |
|
9 |
Yonex |
JPY 109 billion |
USD 0.77 billion |
JPY 40 billion |
USD 0.28 billion |
|
Source: Annual Report, 2024 |
|||||
|
Currency Rates: |
|||||
|
1 Euro (EUR) = 1.11 US Dollar (USD) |
|||||
|
1 Yuan Renminbi (CNY) = 0.14 US Dollar (USD) |
|||||
|
1 Korean Won (KRW) = 0.00072 US Dollar (USD) |
|||||
|
1 Japanese Yen (JPY) = 0.0071 US Dollar (USD) |
|||||
|
Origin Currency - The Currency that Officially Used in
Annual Report of 2023 |
|||||
|
US Dollar- The Converted Currency from Origin Currency
to US Dollar with Currency Standart Above |
|||||
Of course, many giant companies in the sports
apparel industry compete. They try to become superior companies with different
product specifications. Here are some brief descriptions related to the
company’s financial condition, which are summarized from the annual reports of
the companies above.
Brief Description of 9 World's Largest Sport Apparel Companies in 2024
1.Nike
Nike is a multinational company from the United
States that operates in the design, development, manufacturing, and marketing
of sports apparel products ranging from footwear, clothing, equipment, to
sports and fashion accessories worldwide. Until now, operationally, the company’s headquarters are in Beaverton, Oregon, Portland, United States.
Based on its history, the company was founded on
January 25, 1964, originally with the name of “Blue Ribbon Sports” by Bill Bowerman and Phil Knight, and
officially changed its name to Nike, Inc. on May 30, 1971. The name “Nike” came from the philosophy of the goddess Nike, which symbolizes
the goddess of victory and fame from the ancient Greeks. Globally, Many
Nike products are
sold into different series of its products, namely
Nike Golf, Nike Pro, Nike+, Air Jordan, Nike Blazers, Air Force 1, Nike Dunk, Air
Max, Foamposite, Nike Skateboarding, Nike CR7 to Converse. In 2024, Nike
employed a total of more than 74 thousand employees throughout the world with
Nike Official retail Stores reaching more than 700 spread throughout the world.
As of 2025, Nike Inc manages some popular
apparel brands including Nike brand,
Air Jordan, and Converse.
In 2024, financially, Nike earned total revenues
of USD 51.3 billion, with a net profit of USD 5.7 billion. With This
Performance, Nike still becomes the world's biggest sport apparel company in
the world of 2024 compared to others. In terms of financial position, Nike has total assets of
around USD 38.1 billion with total liabilities of around USD 23.7 billion.
In general, Nike is still heavily
involved in sponsorship activities at leading sporting events, sports clubs,
and stars. The leading sports tournaments sponsored by Nike include the NBA basketball league (supplying
all NBA club jerseys) and several European leagues/ tournaments. While sports clubs sponsored by Nike are
Barcelona, Liverpool,
Paris Saint Germain, and leading sports stars are also endorsed by Nike such as
Michael Jordan, Lebron James, Christiano Ronaldo, Ronaldinho, Roger Ferderer,
to Rafael Nadal.
2.Adidas AG
Adidas AG is a German multinational apparel
company, founded and headquartered in Herzogenaurach, Germany. This company is
a leading company that designs and manufactures shoes, clothing, and sports
accessories. Until now, Adidas is one of the world’s biggest sport apparel
companies popular with the Adidas brands.
Historically, Adidas’ business journey began with
a family partnership between Adolf
Dassler and his brother Rudolf
Dassler in 1924 under the name Gebrüder Dassler Schuhfabrik (“Dassler Brothers Shoe
Factory”). Over time, due to the conflict between Adolf Dassler and Rudolf
Dassler in 1949, they agreed to separate and establish their own business.
Adolf founded Adidas, and Rudolf founded Puma. These two companies are still competing
to this day.
Adidas is
famous for three stripes logo. This logo has been used on the company’s clothing and shoe designs as a marketing
tool that Adidas purchased in 1952 from the Finnish sports company namely Karhu
Sports. The existence of this logo
symbolizes a symbol of success, so Dassler describes Adidas as a “three
stripes company.” Along with the company’s business development, the company
has 2500 retail stores spread across the country. Until 2024, financially,
Adidas earned EUR 23.6 billion in total revenue or equivalent with USD 26.1
billion, while gaining net income of EUR 0.764
billion or equivalent with USD 0.84 billion. In terms of financial position,
total assets of Adidas in 2024 reached EUR 20.6 billion or equivalent to USD
22.8 billion with total liabilities of around EUR 14.7 billion or equivalent to
USD 16.3 billion.
Of course, as ordinary people, many of us are
familiar with Adidas because it has sponsored many well-known sports clubs and
athletes. In the field of football, the leading soccer clubs are sponsored by
Adidas such as Manchester United, Bayern Munich, Real Madrid, Juventus, and
several other big clubs. In addition to several football clubs, several sports
stars which has a business agreement with Adidas such as Lionel Messi, Mohammed Salah, Paul Pogba,
Zinedine Zidane, David Beckham, James Harden (Basketball), to Andy Murray
(tennis).
3.Li-ning
Li-Ning Company Limited is a sportswear and sports
equipment company from China. Historically, Li Ning, who is a former Chinese
Olympic gymnast, founded this company in 1990. Nowadays, Li Ning has become the
Executive Chairman. Operationally, the company is still headquartered in
Beijing, China. Until now, several athletes sponsored by Li-Ning include Dwane Wade, Shaquille O’Neal, and Jimmy
Butler. Furthermore, Li-Ning also sponsored several sporting events such as
the 2007 AFC Asian Cup and 2008 AFF Championship, and several World Badminton
Championships tournaments.
Although the company is relatively new, it has
made satisfactory progress by achieving some positive performances in its
business. In 2024, financially, this company gained revenue equivalent to RMB
28.6 billion or equivalent to USD 4 billion with net income / profit reaching
RMB 3 billion or equivalent to USD 0.42 billion. In terms of financial
position, total assets of Li-Ning in 2024 reached RMB 35.7 billion or
equivalent to USD 4.9 billion with total liabilities of around RMB 9.6 billion
or equivalent to USD 1.3 billion.
4.FILA
Fila Holdings
Corp (FILA) is a sportswear manufacturer that designs shoes and clothing
founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy. In 2003,
the company was sold to United States-based Sports Brand International but in
2007, Fila Korea acquired the company. As a result of this acquisition, the
company’s head office was also moved. Initially, the company was headquartered
in Biella, Piedmont, Italy from 1911 to 2007. However, since it was acquired by
FILA Korea, the company’s head office has moved to Seoul, South Korea. Famous
sports stars such as Boris Becker,
Grant Hill, and Jerry Stackhouse have some business agreement with
FILA. Financially in 2024, Fila earned total revenues of KRW 4.2 trillion or
equivalent to USD 3 billion with a net income/ profit that reached KRW 207
billion or equivalent to USD 0.15 billion. In terms of financial position,
total assets of Fila in 2024 reached KRW 5.5 trillion or equivalent to USD 3.9
billion with total liabilities of around KRW 2.8 trillion or equivalent to USD
2 billion.
5.Puma
Puma SE, also
known as Puma, is a German multinational company that designs and manufactures
sports apparel such as footwear, apparel, and accessories. The company still has a central office in
Herzogenaurach, Bavaria, Germany. Based on its history, Rudolf Dassler founded
this company in 1948. Internally, Rudolf was the sibling with Adolf Dassler who
is the founder of Adidas.
Over time, this company has experienced rapid
development by employing around 14 thousand employees throughout the world. In
2024, financially, this company achieved total revenues of around EUR 8.8
billion or equivalent to USD 9.76 billion with a net profit of EUR 0.281
billion or equivalent to USD 0.31 billion. In terms of financial position in
2024, Puma has total assets of around EUR 7.1 billion or equivalent to USD 7.8
billion with total liabilities of around EUR 4.3 billion or equivalent to USD
4.7 billion.
Commonly, in the sport apparel industry, some of
the sports stars that Puma is endorsed include Neymar, Gianluigi Buffon,
Sergio Agüero, Antoine Griezmann, Marco Reus, Romelu Lukaku, Luis Suárez, David
Silva. Several leading sports clubs are also partners of this company such as
A.C. Milan, Borussia Dortmund, Manchester City F.C., Olympique de Marseille,
and Valencia CF.
6. Mizuno
Mizuno Corporation is a Japanese sports equipment
and sportswear company founded in Osaka in 1906 by Rihachi Mizuno and his younger brother Rizo. Historically, they
started selling their own goods in 1907. To date, Mizuno is a global company
that manufactures a wide range of sports equipment and sportswear, for golf,
tennis, baseball, volleyball, soccer, running, rugby, skiing, swimming, cycling,
judo, table tennis, badminton, boxing, and athletics. Regarding the popularity
of the company’s brand, several famous sports stars have some business
agreement with Mizuno such as Pablo
Aimar, Roberto Carlos, Hulk, Fernandinho, and Rivaldo.
In 2024, financially according to its annual
report, Mizuno Corporation earned total revenue of JPY 240 billion or
equivalent to USD 1.7 billion, with net income/ profit of JPY 15.4 billion or
equivalent to USD 0.10 billion. In terms of financial position, Mizuno has
total assets of around JPY 218 billion or equivalent to USD 1.54 billion with
total liabilities of around JPY 61.3 billion or equivalent to USD 0.43 billion.
7. Yonex
The company was founded in 1946 by Minoru Yoneyama
as a manufacturer of wooden buoys for fishing nets. However, the company exited
from this market due to the invention of plastic buoys. This moment shows Yoneyama’s commitment to go forward in terms of
development of technology.
In 1957, Yoneyama started making badminton rackets
but for another company. It was not until 1961 that the first racket was
introduced, and in the next two years an export company was founded to help
distribute its rackets around the world. After the company started
manufacturing aluminum badminton rackets in 1969, the application of technologies
also in the tennis rackets in 1971. The company started experimenting with
graphite shafts for both tennis and badminton racket types and found that this
technology would also be useful for golf clubs.
Several professional athletes have some business agreement/ endorsement with this company, such as tennis star Martina Navratilova and several national
badminton athletes such as Liem Swie King, Kevin Sanjaya Sukamuljo, Marcus
Fernaldi Gideon, Candra Wijaya to Taufik Hidayat. Financially, in 2024, the Yonex successfully obtained total
revenue of JPY 138 billion or equivalent to USD 0.98 billion, with net income/
profit of JPY 10.6 billion or equivalent to USD 0.07 billion. Furthermore,
related to financial position, Yonex has total assets of around JPY 109 billion
or equivalent to USD 0.77 billion with total liabilities of around JPY 40
billion or equivalent to USD 0.28 billion.
8.Asics
ASICS (アシックス Ashikkusu)
or ASICS Ltd. started the business with the initial name Onitsuka Co., Ltd on September 1,
1949. Kihachiro Onitsuka found
this company. Along with the journey, in 1950, the company started producing
basketball shoes at its home in the city of Kobe, Hyogo Prefecture,
Japan. The name Onitsuka was later
changed to ASICS. ASICS itself is an abbreviation of the Latin “Anima Sana in Corpore Sano” which
means in a healthy body, there is a strong soul. As of 2025, this company can
make various sports apparel products, such as footwear, sportswear, and several
other sportswear.
In 2024, Asics
successfully generated total revenue of USD 4.3 billion and net income of USD
0.407 billion. Related to financial position, Asics has total assets of around USD 3.3 billion or equivalent to USD 3.3
billion with total liabilities of around USD 1.8 billion.
9.Under Armour
Under Armour, Inc. is an American sports equipment
company that manufactures footwear, sportswear, and casual wear. Historically,
Kevin Plank founded this company on September 25, 1996. Until now, the
company’s head office is in Baltimore, Maryland, United States. In assisting
the marketing activities of their products, Under Armour has a business partnership with several professional athletes.
Some football player Trent
Alexander-Arnold, Memphis Depay, Granit Xhaka, basketball star Stephen Curry and boxer Anthony Joshua are some of the
professional athletes who are some of the business partners of Under Armour.
In terms of marketing, the company has also opened
marketing offices in major world cities Amsterdam, Munich, Shanghai, Guangzhou,
Hong Kong; Jakarta, Tokyo, and Sydney. In terms of financial conditions, in 2024, this Under Armour recorded total revenues of USD
5.7 billion and gained net income of 0.23 billion Dollar. In terms of financial
position, Under Armour has a total asset of
around USD 4.7 billion with total liabilities of around USD 2.6 billion.
The Summary of World’s Biggest Sport Apparel Companies based on Net Income in 2024
The Summary of World’s Biggest Sport Apparel Companies based on Total Assets in 2024
Source References of 9 Biggest Sport
Apparel Companies in the World of 2024
Nike. 2025. Annual Report 2024. Accessed March 11, 2025, via https://investors.nike.com/Home/default.aspx
Adidas. 2025. Annual Report 2024. Accessed on
March 13, 2025, via https://report.adidas-group.com/2024/en/
Li-ning. 2025. Annual Report 2024. Accessed on
March 13, 2025, via https://ir.lining.com/en/ir/reports.php
FILA. 2025. Annual Report 2024. Accessed on March
13, 2025, via https://www.filaholdings.com/en/invest/ir.asp
Puma. 2025. Annual Report 2024. Accessed March 13,
2025, via https://about.puma.com/en/investor-relations/financial-reports
Mizuno. 2025. Annual Report 2024. Accessed March
13, 2025, via https://corp.mizuno.com/en/investors
Yonex. 2025. Annual Report 2024. Accessed March
13, 2025, via https://www.yonex.co.jp/company/en/ir/material/
Jasics. 2025. Annual Report 2024. Accessed March
13, 2025, via https://corp.asics.com/en/investor_relations/library/annual-reports
Under Armor.
2025. Annual Report 2024. Accessed March 13, 2025, via https://about.underarmour.com/en-us/investors/financials/annual-reports.html