Global Activewear Market Size By Demographic (Gender, Age Group), By Product Type (Apparel, Footwear, Accessories, Equipment), By Distribution Channel (Retail Stores, Online Retailers, Athletic Specialty Stores), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Activewear Market Size And Forecast

Activewear Market size was valued at USD 510.51 Million in 2023 and is projected to reach USD 783.09 Million by 2031, growing at a CAGR of 6.06% from 2024 to 2031.

  • Activewear often known as active apparel is clothing made primarily for physical activity, sports, and outdoor activities. It contains a variety of clothing items such as shirts, shorts, leggings, jackets, sports bras, and shoes. Activewear’s major function is to offer the wearer with comfort, flexibility, and support while engaging in physical activities as well as to improve performance and prevent injuries.
  • Sports and physical activities are activewear is most commonly used. Athletes and fitness fanatics must wear high-performance materials that are designed to wick moisture, breathe well, and be durable. These fabrics, which are generally constructed of synthetic fibers such as polyester and spandex, aid in body temperature regulation, friction reduction, and support. Specialized activewear improves performance and comfort in a variety of activities including running, yoga, cycling, and weightlifting.
  • Technological developments are driving the future of sportswear. Smart fabrics and wearable electronics are being incorporated into activewear to improve performance and offer real-time data to consumers. These textiles can control body temperature, wick sweat, and even provide muscle support. Wearable technology such as fitness trackers and smartwatches is being integrated into clothing to monitor a variety of health metrics providing users with detailed information about their fitness and health.

Global Activewear Market Dynamics

The key market dynamics that are shaping the global Activewear Market include

Key Market Drivers

  • Rise of the Athleisure TrendAthleisure which combines athletic and leisurewear has emerged as a prominent fashion trend impacting demand for sportswear. This trend reflects a cultural shift in which customer’s value comfort and functionality without sacrificing style. Athleisure apparel has grown in popularity because to its versatility which allows it to be used for both exercises and everyday activities. This trend has been capitalized on by brands such as Lululemon and Nike who offer attractive yet utilitarian clothes.
  • Increasing Health and Fitness Awareness As people become more conscious of the value of health and fitness, the Activewear Market has grown significantly. More people are taking part in physical activities including jogging, yoga, and gym workouts. This shift is partially attributable to the global push for healthy living and preventive healthcare. The COVID-19 epidemic has highlighted the significance of physical well-being resulting in an increase in home exercises and associated rise in demand for comfortable and functional training gear.
  • Technological Advancements in Fabric and Design Fabric technology and garment design innovations have been critical to the sportswear market’s growth. Activewear’s functionality has been boosted by advances such as moisture-wicking fabrics, odor management, and increased breathability. Brands are also introducing smart textiles that measure physical activity which adds value to consumers.

Key Challenges

  • Sustainability and Environmental ImpactAs demand for sustainable and eco-friendly products grows, athletic manufacturers are under pressure to embrace greener methods. Traditional activewear frequently uses synthetic materials such as polyester which is sourced from petroleum and contributes to environmental degradation. These materials manufacture requires a lot of energy and emits a lot of CO2. Furthermore, washing synthetic materials releases microplastic into waterways posing a risk to marine life.
  • Technological Integration and InnovationConsumers increasingly demand activewear to include advanced features like moisture-wicking, UV protection, and odor prevention. To meet these needs, firms must engage in R&D to produce new textiles and technologies. For example, advances in smart textiles that can monitor body parameters during workouts are gaining popularity.
  • Market Saturation and Brand DifferentiationThe Activewear Market is extremely competitive with many brands competing for consumer attention. Established competitors such as Nike, Adidas, and Lululemon dominate the market making it difficult for newcomers to acquire traction. To stand out, brands must distinguish themselves through unique product offerings, inventive marketing techniques, and powerful brand identities.

Key Trends

  • Sustainability and Eco-Friendly MaterialsAs customers place a higher value on environmental responsibility, sustainability has become a cornerstone of the sportswear industry. Brands are responded by including environmentally friendly materials like recycled polyester, organic cotton, and biodegradable textiles. Companies such as Patagonia and Adidas are leading the way in promoting sustainable practices through initiatives such as the usage of ocean trash in their goods.
  • Technological Integration and Smart FabricsThe incorporation of technology into activewear has transformed the business offering consumers improved usefulness and performance. Smart fabrics that monitor physiological data, adjust body temperature and enhance comfort are becoming increasingly popular. Under Armour and Nike, for example, are investing in smart textiles that have moisture-wicking, anti-microbial, and even UV protection capabilities.
  • Inclusivity and Body Positivity Inclusion and body positivity are becoming increasingly important issues in the sportswear sector. Consumers want more varied representation and a broader range of sizes in activewear lines. Brands are responding by featuring models with diverse body shapes, races and abilities in their marketing campaigns. To reach a larger audience, companies such as Fabletics and Nike have widened their size ranges and introduced inclusive collections.

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Global Activewear Market Regional Analysis

Here is a more detailed regional analysis of the global Activewear Market

North America

  • North America has the highest revenue share in the Activewear Market owing to the growing popularity of stylish activewear. This increase is largely due to rising customer desire for trendy and functional fitness wear that can be worn both inside and outside the gym. The movement toward athleisure which incorporates fitness into everyday clothes has greatly contributed to this gain in market share.
  • The existence of major industry competitors such as Nike and Adidas who dominate the North American market in terms of sales is an important driver of regional market growth. These brands have a strong market presence, thanks to their creative product offers and substantial marketing activities. Their ability to constantly introduce new fashions and technologically advanced items maintains them at the forefront of consumer preference strengthening their market position.
  • The popularity of sports like as basketball and soccer together with improved health awareness are expected to drive market growth in North America. Improved living standards, decreased production costs, and higher disposable income levels all contribute significantly to market expansion. As more people focus their health and fitness, the demand for high-quality, fashionable activewear rises guaranteeing that the region’s activewear industry grows steadily.

Asia Pacific

  • The Asia Pacific Activewear Market is expected to grow at the highest compound annual growth rate (CAGR). This strong rise is being driven mostly by rising demand for trendy and appealing gym and sportswear among youth and millennials. In nations with a large proportion of young people such as China and India there is a strong trend for attractive and functional activewear. The younger demographic’s increased interest in exercise and wellbeing is propelling their need for high-quality, attractive sportswear that fits both performance and aesthetic requirements.
  • The market in this region is also benefiting from an increase in demand for foreign brands. As disposable incomes rise, Asia Pacific consumers are more likely to invest in premium activewear from globally recognized companies. This trend is especially noticeable in urban regions with a considerable influence of western fashion and lifestyle trends. Furthermore, a growing desire for better lives encourages more individuals to participate in physical activities raising demand for activewear.
  • Government initiatives in India, China, and Japan are helping to boost the Activewear Market. These initiatives seek to encourage active involvement in sports and fitness activities building a culture of health and wellness. In India, for example, efforts like the “Fit India Movement” urge people to incorporate fitness into their daily routines. Similarly, China’s emphasis on sports as an integral part of education as well as Japan’s interest on hosting international sporting events are adding to activewear’s growing appeal. As these countries continue to invest in sports infrastructure and promote active lifestyles, demand for activewear is projected to increase significantly in the near future.

Global Activewear MarketSegmentation Analysis

The Global Activewear Market is segmented based on Product Type, Demographic, Distribution Channel and Geography.

Activewear Market, By Demographic

  • Gender
  • Age Group

Based on Demographics, the Global Activewear Market is bifurcated into Gender and Age Group. Among the demographic segments in the Activewear Market, the adult age group stands out as dominant. Adults typically constitute the largest consumer base due to their active lifestyles that often include regular exercise routines, gym memberships, and participation in sports activities. They prioritize functionality, comfort, and style in activewear seeking apparel that supports their fitness goals while aligning with current fashion trends. Furthermore, adults have higher disposable incomes compared to younger age groups allowing them to invest in premium activewear brands.

Activewear Market, By Distribution Channel

  • Retail Stores
  • Online Retailers
  • Athletic Specialty Stores

So, when it comes to where you buy your activewear, it's basically split between Retail Stores, Online Retailers, and those Athletic Specialty Stores. But right now, online shopping is really where it's at! Why? Well, it's just so easy. You've got tons of choices right at your fingertips. Plus, you can quickly compare prices, check out a massive variety of brands and styles, and score some pretty sweet deals and discounts. And let's be real, with all the ads and buzz on social media, it's no wonder online sales are booming – brands can connect with way more people directly!

Activewear Market, By Product Type

  • Apparel
  • Footwear
  • Accessories
  • Equipment

When we look at what's being sold, the activewear market breaks down into a few key areasApparel, Footwear, Accessories, and Equipment. Of all these, apparel is definitely the king! Think about itt-shirts, leggings, shorts, jackets, and of course, sports bras. They're super popular because you can wear them for just about anything, from working out to just hanging out. Activewear apparel is all about feeling good and looking good, whether you're a hardcore athlete or just want to be comfy. Everyone wants those fabrics that keep you dry and designs that are actually cool, which keeps things fresh. Plus, with everyone embracing that "athleisure" vibe, activewear apparel is practically regular clothes now! Fashion trends are backing this up, focusing on comfort and usefulness, making activewear apparel a must-have in everyone's closet for those of us living active lifestyles.

Activewear Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

When we look at where activewear is popular around the globe, we can break it down into North America, Europe, Asia Pacific, and everywhere else. Right now, North America is really leading the pack in the activewear game. A big reason for this is the United States, where tons of people are really into health and fitness and love getting involved in sports. The U.S. has a solid setup for sports and fitness, plus you've got all the big activewear brands making a splash, and people just rock athleisure stuff all the time. Canada and Mexico are also doing their part, with more and more people there jumping on the activewear bandwagon because they're getting more health-conscious and changing up their lifestyles too. So, basically, North America is on top thanks to people wanting activewear, easy access to buy it, and companies always coming up with cool new designs and tech. It's definitely a major area for the activewear industry to keep growing!

Key Players

The “Global Activewear Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Adidas AG, Nike, Inc., ASICS Corporation, Under Armour, Inc., Puma SE, PVH Corp., The Gap, Inc., and Skechers USA, Inc.

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.

Global Activewear Market Key Developments

  • In March 2023, Puma SE opened the Puma Nitro lab athlete testing facility in Frankfurt, Germany, in collaboration with Hartmann Orthopedics & Sports. This allows the corporation to create personalized items for its customers.
  • In January 2023, Adidas AG built a concept store in Bengaluru, India. This expansion will improve its retail footprint in the country.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Adidas AG, Nike Inc., ASICS Corporation, Under Armour Inc., Puma SE, PVH Corp., The Gap Inc., Skechers USA Inc.

SEGMENTS COVERED

By Product Type, By Demographic, By Distribution Channel and By Geography.

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