Top 20 Publicly Listed Sportswear Companies Worldwide by Market Capitalization

Nike still dominates at $110.6B, more than 3× Adidas, while Anta Sports and Lululemon hold strong in the top 5. Rising challengers like On Running and Amer Sports are closing the gap on legacy giants, signalling a shift toward niche performance brands with global reach.

📈 Key takeaway: The sportswear market is no longer just a Nike–Adidas duopoly. Diversified portfolios, outdoor performance gear, and athleisure crossovers are driving fresh growth opportunities.

💡 Analysis:

• Asia’s push: Anta, Li Ning, and 361 Degrees highlight China’s growing influence in the global market.
• Premium performance trend: Amer Sports’ surge shows strong demand for technical, high‑end sportswear.
• Surprise leader shifts: ASICS now outranks Puma — a reminder that strategic brand repositioning can beat pure scale.