Activewear Market Analysis, Top Leaders and Business Growth 2023-2028

PRESS RELEASE

Published April 10, 2023

What is the Market Size of Activewear ? :

IMARC Group’s latest research report, titled “Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the activewear market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global activewear market size reached US$ 371.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 527.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Activewear represents utility apparel worn by athletes for sports and other outdoor activities. It is made from moisture-wicking fabrics to absorb sweat and keep the body temperature moderate. Activewear is highly breathable, comfortable, lightweight, and versatile and aids in preventing the odor of sweat. In addition, it increases the blood flow, keeps muscles oxygenated, offers sun protection, prevents chafing, rashes, and muscle sprains, and other ligament-related injuries. Presently, the demand for utility apparel is increasing across the globe

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Leading Activewear Brands World Wide:

Adidas AG
ASICS Corporation
Columbia Sportswear Company
DICK's Sporting Goods Inc
Forever 21
Gap Inc
Nike Inc
Puma SE
PVH Corp
Skechers USA Inc
The North Face (VF Corporation)
Under Armour Inc

Activewear Market Demand, Development and Growth:

The rising number of campaigns to promote sports participation by numerous organizations is among the key factors stimulating the activewear market. Moreover, the inflating usage of green textiles in manufacturing these clothes using sustainable methods across several countries is acting as another significant growth-inducing factor. Besides this, the increasing awareness among consumers about the benefits of healthy lifestyles is positively influencing the global market. Furthermore, the growing investments by key market players in R&D activities to develop smart activewear for maintaining a workout routine, monitoring performance, and providing real-time feedback are also propelling the market growth. Apart from this, the rising disposable income levels and living standards of the masses are further fueling the global market.

Additionally, the emerging popularity of fitness apps on smartphones is also driving the market growth. In addition to this, the escalating demand for leisure activities, such as running and cycling, is further fueling the global market. Moreover, various celebrity collaborations with direct-to-consumer (D2C) and the widespread availability of designer utility apparel brands through offline and online distribution channels are anticipated to fuel the activewear market over the forecasted period.

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Key Market Segmentation:

Breakup by Product Type:

Top Activewear
Bottom Activewear
Innerwear
Swimwear
Outerwear

Breakup by Material Type:

Nylon
Polyester
Cotton
Neoprene
Polypropylene
Spandex

Breakup by Pricing:

Economy
Premium

Breakup by Age Group:

1 – 15 Years
16 – 30 Years
31 – 44 Years
45 – 64 Years
More than 65 Years

Breakup by Distribution Channel:

Online Stores
Offline Stores

Breakup by End User:

Men
Women
Kids

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Related Report By IMARC Group:

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