Global Base Layer Market Size By Material Type (Synthetic and Natural), By Channel (Retail Stores and E-Commerce), By Type (Men Base Layer, Women Base Layer), By Application (Sports, Gym/Fitness, Hiking), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Base Layer Market Size By Material Type (Synthetic and Natural), By Channel (Retail Stores and E-Commerce), By Type (Men Base Layer, Women Base Layer), By Application (Sports, Gym/Fitness, Hiking), By Geographic Scope And Forecast
Base Layer Market Size And Forecast
Base Layer Market size was valued at USD 7,166.67 Million in 2020 and is projected to reach USD 9,173.76 Million by 2028, growing at a CAGR of 3.33% from 2021 to 2028.
Factors that are driving the growth of the market include Superior properties and increased functionality of base layers with the increasing adoption of sports activities as well as the increasing popularity of athleisure comes to the rising requirement and therefore awareness for base layers. The Global Base Layer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Base Layer Market Definition
Base layers are a layer of clothing, this clothing item can be in the form of a t-shirt, long-sleeved top, or leggings. The main intent of a base layer is to provide temperature regulation and to move any moisture away from the skin during activity through the breathable fabric, without adding any bulk movement or restriction.
The base layer market’s growth can in part be attributed to the innovative marketing strategies imposed by various companies coupled with creative advertising and brand positioning. This increase in the popularity of base layers has led to increased awareness of its benefits, and therefore, aids in the base layer market’s overall growth.
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Global Base Layer Market Overview
The demand for the Base Layers is growing on account of superior properties and increased functionality of base layers, increased participation in sports due to global media coverage and women contribution among others. With the increasing adoption of sports activities as well as the increasing popularity of athleisure comes the rising requirement and therefore awareness for base layers. It can be seen that what was once a part of professional athletic wear has now come to the attention of a wider audience. Outdoor individual sports, home fitness, yoga, e-sports, and virtual races, which were popular in 2020, are projected to be popular in 2022 and beyond. This is anticipated to drive the market of base layer over the forecast period. The rise in the participation in sports through media can also be attributed to factors such as the increase in the overall adoption of technology, especially in emerging economies, leading to more individuals learning of the sport and its rules.
The availability of counterfeit or low-quality apparel restricts the sale of branded sports apparel in general. This therefore threatens the overall growth of the market and it can therefore be said that the rising number of counterfeit products are leading to the restraint in the growth of the base layer market.
Consumers have become more health-conscious due to work-related stress and lifestyle disorders. At present, there are an increasing number of individuals that are incorporating a certain level of activity into their daily lives due to the increasing awareness for health and fitness. Working individuals opt for fitness regimes such as swimming, gym and running to remain healthy, and active in daily life. These trends are estimated to propel the growth of the Base Layers market across the forecast period.
Global Base Layer MarketSegmentation Analysis
The Global Base Layers Market is segmented on the basis of Material Type, Channel, Type, Application, And Geography.
Base Layers Market, By Material Type
• Synthetic• Natural
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Based on Material Type, the market is bifurcated into Synthetic and Natural. The Synthetic segment accounted for the largest market share in 2020 and is projected to grow at the fastest CAGR over the forecast period. Synthetic polyester is among the most widely used material in . It’s essentially cloth made out of plastic fibers – making it light-weight, wrinkle-free, long lasting and breathable. It’s non-absorbent in nature, which means that your sweat isn’t absorbed by this cloth but left to dry on the exterior of the material on its own. The major advantages of Synthetic Base Layers are gaining traction around the world.
Base Layers Market, By Channel
• Retail Stores• E-Commerce
On the basis of Channel, the Global Base Layers Market has been classified into Retail Stores and . The retail stores channel segment accounted for the largest market share in 2020 and E-commerce channel is projected to grow at a fastest CAGR over the forecast period. E-commerce segment is one of the fastest growing segments in global base layer market is anticipated to exhibit dominance in near future. The segment growth can be attributed to rapidly flourishing e-commerce industry worldwide. Rapidly flourishing E-commerce industry is anticipated to positively contribute towards the growth of base layer market over the forecast period.
Base Layers Market, By Type
• Men Base Layer• Women Base Layer• Kids Base Layer
On the basis of Type, the Global Base Layers Market has been classified into Men Base Layer, Women Base Layer, and Kids Base Layer. Men base layer accounted for the largest market share in 2020 and women base layer is projected to grow at fastest CAGR. Men’s base layer segment is anticipated to be the largest segment in the global market owing to large participation of men in various kinds of sports across the globe. Traditionally, men participation in sports has been on a greater side as compared to women. Women base layer segment is also anticipated to witness augmented growth over the period. The segment growth can be attributed to rising awareness among women related to health & fitness along with increasing participation in sports activities. This is expected to be one of the major drivers for higher consumption of base layer among men over the years.
Base Layers Market, By Application
• Sports• Gym/Fitness• Hiking• Others
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On the basis of Application, the Global Base Layers Market has been classified into Sports, Gym/Fitness, Hiking, and Others. Sports segment accounted for the largest market share in 2020 and gym/fitness segment is projected to grow at the fastest CAGR. Sports is one of the major applications where the demand for the base layer has been strong on account of the factors such as the most suitable properties of the base layers and mainly, the expanding use of base layer as performance apparel. Performance apparel has been growing with increasing sports activity across the globe, especially in Europe and Asia. This is expected to be one of the major drivers for higher consumption of base layers among men over the years.
Base Layers Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
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On the basis of regional analysis, the Global Base Layers Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Europe accounted for the largest market share and Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Sportswear plays an important role as fitness participation and health consciousness grow fast in the US. More and more consumers are investing in gym membership or fitness classes and sportswear to represent their personality and lifestyles. This suggests that the market for base layer in this country is expected to be the largest in the North American region owing to the growing popularity of sports activities among the population. These trends will drive the growth of the market in the coming years.
Key Players
The “Global Base Layers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Adidas, Nike, Under Armour Inc., Columbia Sportswear Company and ANTA Sports, among others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Japanese Sports Brand Mizuno and Collezione Automobili Lamborghini Announced New Partnership• This partnership will cover sports apparel as well as footwear
• Adidas expanded its digital presence and launched a new Adidas app• New Adidas app allowed seamless shopping experience, personalized services and inspiration on sport & style to consumers
• Manchester United and Columbia Sportswear Announced Global Partnership• The partnership resulted in designing and creating dual-branded outerwear for outdoor activities,
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Million) |
Key Companies Profiled | Adidas, Nike, Under Armour Inc., Columbia Sportswear Company and ANTA Sports, among others. |
Segments Covered | By Material Type, By Channel, By Type, By Application, And By Geography. |
Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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