DUBLIN--(BUSINESS WIRE)--The "Activewear Market Size, Share & Trends Analysis Report by End User (Men, Women, Kids), by Distribution Channel (In-store, Online), by Region and Segment Forecasts, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global activewear market size is expected to reach USD 451.10 billion by 2028. It is expected to expand at a CAGR of 5.8% from 2022 to 2028.
Companies Mentioned
- Adidas AG
- Nike Inc.
- PUMA SE
- The Columbia Sportswear Company
- VF Corporation
- PVH Corp.
- ASICS Corporation
- Skechers U.S.A., Inc.
- Under Armour, Inc.
- Hanesbrands Inc.
The rise in the popularity of contemporary apparel in the gym and for everyday activities is propelling the worldwide industry forward. Consumers are increasingly adopting sports and fitness activities into their daily routines owing to their increased health awareness and desire to keep themselves healthy. Market dynamics have lately evolved as a consequence of greater involvement, resulting in higher demand for activewear clothes and sports gear.
Increased participation of women in domestic and professional sports and fitness activities is expected to boost the market growth over the forecast period. The increasing convergence of sports and fashion has resulted in an increase in the availability of stylish sports gear, which is expected to increase women's interest and hence contribute to market growth. Activewear that is fashionable is in great demand since it is versatile, useful, trendy, and can be worn for a variety of occasions.
To address this need, key enterprises in the market have introduced fresh, technologically complex items that are both pleasant and useful, resulting in increased profitability. Growing awareness among the younger generation and millennials, which are becoming more health-conscious and are engaged in activities such as yoga, sports, and gymming, is driving the worldwide industry ahead. In addition, the partnerships and collaborations between celebrities and DTC and designer sportswear companies are moving this industry forward.
The COVID-19 outbreak had a significant influence on the global market in 2020. Because of the virus's spread, most people have been forced to stay indoors and carry out their daily tasks from their houses. Individual outdoor activities and home exercises have become increasingly popular.
Team and indoor sports suffered as a result of big sporting events being postponed or canceled. Another element contributing to the surge in sportswear sales is numerous organizations' advertisements urging people to exercise from home during the initial wave's lockdown period when customers need more and newer fitness apparel on a regular basis. The demand for activewear apparel increased as a result.
Activewear Market Report Highlights
- North America held the largest revenue share in 2021. The regional market is primarily driven by rising disposable income, increasing demand for fashionable and trendy clothing, and the presence of several manufacturers
- In 2021, the women end-user segment led the global market. The growing popularity of stylish and fashionable athletic clothes among women is driving the segment
- The online distribution channel segment is expected to exhibit the highest CAGR of 7.2% over the forecast period. The expanding number of cell phone and internet users and a fast-paced lifestyle will accelerate the expansion of the online platform
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Activewear Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.6. Roadmap of Activewear Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Activewear Market: End-User Estimates & Trend Analysis
Chapter 6. Activewear Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Activewear Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/rv4iqd
