Global High Performance Apparel Market Size By Activity, By Material and Technology, By End-User, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global High Performance Apparel Market Size By Activity, By Material and Technology, By End-User, By Geographic Scope And Forecast
High Performance Apparel Market Size And Forecast
High Performance Apparel Market size was valued at USD 105.6 Billion 2023 and is projected to reach USD 227.3 Billion by 2030, growing at a CAGR of 8.6% during the forecasted period 2024 to 2030
Global High Performance Apparel Market Drivers
The growth and development of the High Performance Apparel Market drivers. These factors have a big impact on how High Performance Apparel are demanded and adopted in different sectors. Several of the major market forces are as follows
- Athleisure Trend One important factor is the growth of the athleisure trend, which is characterised by customers looking for fashionable yet comfortable sportswear for both everyday use and athletic endeavours. Functionality and style are perfectly combined in high-performance clothing.
- Health and Wellness Lifestyle The need for performance-oriented clothing made for sports, exercise, and outdoor activities has increased as people become more conscious of the value of maintaining a healthy lifestyle and being physically fit.
- Innovation in Fabric technology The market is driven by the constant improvements in fabric technology, which include moisture-wicking, temperature regulation, and antibacterial qualities. Customers are looking for clothing with better performance features more and more.
- Growing Interest in Sports and Fitness Activities As more people engage in outdoor, sports, and fitness activities, there is a greater need for specialised clothing that improves performance, is more comfortable, and promotes healing.
- Growth of E-commerce As e-commerce platforms have grown, high-performance clothing is now more widely available to customers worldwide. A wider selection of options, reviews, and simpler product comparisons are made possible by online retailing.
- Greater Attention to Sustainability People are become more and more worried about how their purchases may affect the environment. The market for high-performance clothing is seeing an increase in demand for environmentally friendly and sustainable production methods and materials.
- Integration of Fashion and Style High-performance clothing has effectively combined with current fashions to appeal to customers who want fashionable and trendy activewear in addition to utility.
- Growth in Outdoor Activities As outdoor activities like jogging, hiking, and camping become more and more popular, there is an increasing need for clothing that is breathable, flexible, and protects against the weather.
- Customisation and Personalisation Customers want high-performance clothing that is tailored to their individual requirements, tastes, and body shapes.
Global High Performance Apparel Market Restraints
The Global High Performance Apparel Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are
- High Cost of High-Performance Materials High-performance clothing can be made with pricey materials, such as cutting-edge textiles and technology. Some segments of the consumer market may find it unaffordable due to this elevated expense.
- Limited Durability of Some Technologies Although high-performance clothing is made to be durable, some of the technologies used to make it, including coatings or treatments that wick away moisture, may only last a short time before needing to be replaced.
- Difficult Manufacturing Procedures The creation of high-performance clothing frequently calls highly sophisticated manufacturing procedures and specialised tools. This intricacy may raise expenses and present production issues.
- Narrow Market Focus When compared to the larger apparel market, the high-performance apparel market is quite narrow. This reduces the market’s potential size overall and for widespread adoption.
- Limited Versatility Perception Some customers could think that high-performance clothing is only appropriate for particular types of activity, like sports or fitness, which reduces its appeal for regular usage.
- Sustainability Concerns Although the market for sustainable products is expanding, the manufacturing of high-performance clothing may use materials and procedures that cause environmental problems. This could hinder the industry’s expansion among consumers who are concerned about the environment.
- Impact of Fashion Trends The demand for particular types of high-performance clothing may be impacted by the quick shifts in fashion trends. Consumer decisions might be influenced by shifting preferences for specific designs or colours.
- Fit and Comfort Issues It might be difficult to strike the correct balance between elements that improve performance and comfort. Customers may object to clothing that is uncomfortable or poorly fitting.
- Competition from Traditional Activewear High-performance clothes may face stiff competition from traditional activewear firms that combine style and practicality, particularly if customers value fashion above cutting-edge performance capabilities.
Global High Performance Apparel Market Segmentation Analysis
The High Performance Apparel Market is segmented on the basis of Activity, Material and Technology, End-User, And Geography.
1. By Activity
- Running Apparel including accessories, compression shorts, moisture-wicking tops, and specific running shoes.
- Cycling Apparel include reflective gear, windproof jackets, jerseys, and padded cycling shorts.
- Fitness & Training Apparel Designed with flexible designs, moisture-regulating fabrics, and performance-enhancing elements, this line caters to gym-goers.
- Outdoor & Adventure Apparel Made of sturdy, weather-resistant materials, it is designed for outdoor activities including hiking, camping, and climbing.
2. By Material and Technology
- Moisture-Wicking Fabrics Garments made to control perspiration and keep the wearer dry while engaging in physical activity.
- Thermally insulated clothing Apparel designed to withstand cold temperatures.
- Compression Apparel Garments made of fabric intended to compress muscles and enhance blood flow.
- Breathable Fabrics Breathability is given priority in clothing to ensure comfort during strenuous activity.
- Smart TextilesUtilising conductive fabrics or sensors to track performance more effectively.
3. By End-User
- Professional Athletes Top-tier sportswear made specifically for professional athletes.
- Amateur Athletes Clothing for those who participate in sports and fitness activities on a non-professional basis is marketed to amateur athletes.
- Recreational Users Sportswear and outdoor activity apparel.
4. By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Key Players
The major players in the High Performance Apparel Market are
- Nike
- Adidas
- Under Armour
- Lululemon
- Columbia Sportswear
- Nike
- Adidas
- Under Armour
- Lululemon
- Columbia Sportswear
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED |
|
SEGMENTS COVERED | Activity, Material and Technology, End-User, And 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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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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