Activewear Market Will Forecasted to Worth USD 704.83 Billion at a CAGR of 6.6% by 2030 | Reports and Data

PRESS RELEASE
Published April 12, 2023

The global activewear market size was USD 393.20 Billion in 2021 and is expected to register a revenue CAGR of 6.6% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by increased health awareness among people to stay healthy, and also increased adoption of innovative and light activewear.

Wearing activewear is appropriate for both exercising and informal occasions. Activewear is attractive yet cozy clothing that is perfect for working out or unwinding. Although the clothing can be worn for other activities, it was originally designed to be worn for exercising. Their layout takes practicality into account. They could be constructed with performance textiles, for instance, to make them suitable for wicking away perspiration and having a stretch.

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Top Profiled Companies in the Global Activewear Market Report:

Adidas, Nike, PUMA SE, PVH Corp., ASICS Corporation, Hanesbrands Inc., The Gap, Inc., Skechers USA, Inc., Columbia Sportswear Company, and Under Armour®, Inc.

Major Driving factors of Activewear Market:

  • Health and Fitness Trends: The global trend towards health and fitness has had a significant impact on the activewear market. More people are engaging in physical activities such as yoga, running, and gym workouts, and they are looking for comfortable and stylish clothing that can support their active lifestyles.
  • Athleisure Trend: The athleisure trend, which blurs the line between workout wear and everyday clothing, has also played a significant role in the growth of the activewear market. Consumers are looking for clothing that is both comfortable and fashionable, and activewear has become a popular choice for both.
  • Technological Advancements: Advances in textile technology have also played a role in the growth of the activewear market. Materials such as moisture-wicking fabrics, compression fabrics, and breathable materials have made activewear more comfortable and functional for active individuals.
  • Rising Awareness of Sustainable Fashion: The growing awareness of environmental issues has also had an impact on the activewear market, with more consumers looking for sustainable and eco-friendly clothing options. Many activewear brands are now offering sustainable and recycled materials in their clothing lines.

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Further market segmentation

Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Tops & T-Shirts
  • Sweatpants & Yoga Pants
  • Skirts & Shorts
  • Tracksuits
  • Sweatshirts/Jackets
  • Others

Material Type Outlook (Revenue, USD Billion; 2019-2030)

  • Cotton
  • Polyester
  • Neoprene
  • Polypropylene
  • Spandex
  • Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Offline
  • Online

End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Men
  • Women
  • Kids

Key Takeaways of the Global Activewear Market Report:

  • A comprehensive overview of the global Activewear industry.
  • Accurate market projections in terms of market size, share, and volume.
  • Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
  • Deep-dive analysis of the upcoming market trends.
  • Qualitative and quantitative analyses of the global Activewear market.
  • Elaborate study of the leading regional markets in the global Activewear market.
  • Complete overview of the market’s competitive landscape.
  • Brief look at the company profiles and portfolios.

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