Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5497
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Market Overview:

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 is clothing designed to be worn for sports and other outdoor activities. It is made from moisture-wicking fabrics to absorb sweat and moisture and consequently keep the body temperature moderate. It is highly breathable, comfortable, lightweight, versatile, and helps prevent the odor of sweat. It increases the blood flow, keeps muscles oxygenated, offers sun protection, and prevents chafing, rashes and muscle sprains and other ligament-related injuries. Presently, there is a rise in the participation of the youth and geriatric population in physical activities to improve their physical and mental well-being.

Global Activewear Market

Activewear Market Trends:

The growing number of campaigns to promote sports participation by several organizations across the globe currently represents one of the key factors driving the market. Moreover, there is an increase in the use of green textiles to manufacture activewear using sustainable methods around the world. This, coupled with the rising awareness among individuals about the benefits of healthy lifestyles, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to develop smart activewear for maintaining a workout routine, monitoring performance, and providing real-time feedback. In line with this, the increasing disposable incomes and living standards of individuals are offering lucrative growth opportunities to industry investors. Besides this, the growing popularity of fitness apps on smartphones is positively influencing the market. Additionally, the rising demand for leisure activities, such as running and cycling, is strengthening the growth of the market. Other factors impelling the market growth are celebrity collaborations with direct-to-consumer (D2C) and the wide availability of designer activewear brands through offline and online distribution channels.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global activewear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, material type, pricing, age group, distribution channel and end user.

Breakup by Product Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and Under Armour Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Material Type, Pricing, Age Group, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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) and Under Armour Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global activewear market was valued at US$ 371.7 Billion in 2022.

We expect the global activewear market to exhibit a CAGR of 5.8% during 2023-2028.

The introduction of smart activewear for maintaining a workout routine, monitoring performance, and providing real-time feedback, is primarily driving the global activewear market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of activewear.

Based on the material type, the global activewear market can be divided into nylon, polyester, cotton, neoprene, polypropylene, and spandex. Currently, polyester accounts for the majority of the total market share.

Based on the distribution channel, the global activewear market has been segregated into online stores and offline stores, where offline stores currently hold the largest market share.

Based on the end user, the global activewear market can be bifurcated into men, women, and kids. Currently, women exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global activewear market include 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), and Under Armour Inc.

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Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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