The active wear market is expected to escalate at a CAGR of 6.4% from USD 421.2 billion in 2022 to USD 779.9 billion through 2032.
The e retailing channel is revising the context of purchase behaviours for people as a consequence it brings quick purchases in the paradigm, easy payment modes, large variety of product that can be delivered to their doorsteps with more offers resulting ultimately in development of active wear market during pandemic era and action its growth rate during post-pandemic epoch.
The specific advantages that come with the product in question, such as quick- drying nature, temperature resistance, breathability factor among others are among other major contributors to the rise of active wear.
The rise in people adopting active lifestyles is positively impacting the market because it makes it move forward and keeps growing Some of the many factors that help the active wear market growth include numerous advantages provided by active wear over conventional clothing, e.g., quick drying, thermal resistance, breathability, chemical resistance to stains and wrinkles regardless of fiber type used or moisture absorption of towels.
As a result of high design costs & volatile raw material costs, the active wear market is likely to face challenges related to a declining number of price-sensitive consumers in the forecast period of 2022-2032.
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KEY TAKEAWAYS:
- The active wear market is predicted to develop at a CAGR of 6.4% in the wireless local area network (WLAN) controller’s section of the solution category.
- The CAGR for the outdoor segment of the location type category in active wear market is estimated to remain high.
- In the United States, the active wear market is estimated remain dominant during the forecast period.
- By 2032, the active wear market in the United Kingdom is expected to grow at a high CAGR during the forecast period
- China is expected to remain a key region in the Asia Pacific active wear market by 2032.
COMPETITIVE LANDSCAPE:
Key companies profiled in the active wear market include Adidas AG, Mizuno USA, NIKE, Inc., Decathlon, Gap Inc, Under Armour, Inc, PUMA SE, Jockey, Skechers U.S.A., Inc, Dick’s Sportswear Company, PVH Corp, V.F. Corporation, Forever21 Inc., H&M Hennes & Mauritz AB.
Due to the significant development in the trend of athleisure wear, which has become part of office and casual wear, the North American activewear industry dominates the global market. The increasing popularity of sporting events and the increasing usage of activewear by sports fans is the major reason for the rapid growth of the European activewear market.
As a result, there is a higher demand for activewear products, such as t-shirts and outerwear in the market. Furthermore, increasing concerns about health & wellness, and an increase in participation in sports activities among the youth population, the Asia-Pacific region is set to record the highest growth rate.
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Key segments
By Product Type:
- Tops & T-Shirts
- Sweatpants & Yoga Pants
- Skirts & Skorts
- Tracksuits
- Sweatshirts/Jacket
- Others (Sports Shoes)
By Material Type:
- Cotton
- Polyester
- Neoprene
- Polypropylene
- Spandex
- Others
By Consumer Orientation:
- Male
- Female
- Unisex
By Price Range:
- Economy
- Mid-Range
- Premium
By Sales Channel:
- Offline Sales Channel
- Online Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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