Globally, the Activewear Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such growing awareness about positive impact of yoga, sports, and gymming on health, increasing inclination towards maintaining good health and fitness, and rising disposable income are expected to drive global market growth.
People across the globe are becoming health conscious day by day and are focused on maintaining good health and staying fit managing their hectic lifestyles. There has been a significant increase in the demand for activewear as these help in improving body movement in comparison with regular clothing. It also helps in preventing muscle sprays and other muscle-related injuries. This in turn has encouraged manufacturers and leading brands to display and launch their best activewear and sportswear. In addition, Young women and millennials are steadily engaging in home workouts, online yoga and pilates due to stringent restrictions amidst the COVID-19 pandemic. This has significantly increased the demand for various types of activewear. Activewear labels can be segmented into 3 layers, next to skin garments, thermal or lightweight protective garments, and ultra-resistant garments used in extreme weather conditions. Activewear apparels offer advantages such as better breathability, static resistance, quick drying, and thermal resistance. Some of the high-demand activewear include shorts, sweatpants, skirts, leggings, yoga pants, sweatshirts, innerwear, and swimwear among others.
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Revenue growth of the global market can be attributed to increasing inclination towards online shopping due to a variety of options, larger discounts, rising brand promotions on social media by influencers and actors, and growing demand for eco-friendly and sustainable sportswear and activewear clothing. In addition, rising inclination towards trendy sports and clothing, increasing purchasing power, and rising investments by leading market players to develop adaptable, stylish, and sustainable activewear are expected to drive global market growth going ahead.
However, high cost of activewear due to brand name and volatile prices of raw materials, and rising number of counterfeit activewear products are expected to restrain overall market growth during the forecast period.
Polyester Segment To Register Rapid Revenue CAGR:
The polyester segment revenue is expected to expand at a rapid CAGR during the forecast period owing to increasing demand for polyester activewear among younger generations and millennials due to enhanced flexibility, washability, and durability, and availability of various types of running jackets, activewear shirts, and sweatpants.
Young Women Segment to Account for Largest Revenue Share:
The young women segment is expected to account for largest revenue share during the forecast period. This can be attributed to rising adoption of home workouts, jogging, pilates, and yoga among young women, increasing inclination towards trendy and fashionable activewear clothing, and availability of various types of activewear that are breathable, static, and thermal resistant, and dry quickly.
Asia Pacific to Register Robust Revenue Growth:
Asia Pacific is expected to register robust revenue CAGR over the forecast period owing to growing prevalence of chronic diseases across the region, rising awareness about the importance of healthy lifestyle, increasing participation in sports activities, running, swimming, and cycling, and rising investments for developing eco-friendly products.
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Activewear Market By Company:
For the purpose of this report, Xcellent Insights has segmented the global activewear market based on type, application, and region:
Activewear Market Segment by Type:
Activewear Market Segment by Application:
Activewear Market Segment by Region:
Middle East & Africa
Key Questions Addressed in the Report:
What is the expected market size of the global Activewear Market over the forecast period?
What are some of the key challenges that the global Activewear Market is expected to face during the forecast period?
Based on application, which segment is expected to account for largest revenue share in the global market?
Who are the leading companies operating in the Activewear Market?
Which region is expected to account for largest revenue share in the global market during the forecast period?
Reasons to Purchase This Report:
Estimates 2020-2027 Activewear Market dynamics, development and trends
Detailed overview of the market including market size, share, growth opportunities, and challenges in the years to come
Market segmentation analysis with qualitative and quantitative research incorporating impact of economic and political aspects
Competitive landscape focusing on detailed information about every market player along with new projects and strategies adopted by them
Comprehensive analysis of company profiles covering product offerings, recent developments, SWOT analysis, licence agreement and other strategies adopted by key players in the global Activewear Market.
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