Activewear Market Key Developments Trends, and Forecasts 2028

Activewear Market Growth & Trends

The global activewear market size is expected to reach USD 451.10 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2028. The rise in the popularity of contemporary apparel in the gym and for everyday activities is propelling the worldwide industry forward. Consumers are increasingly adopting sports and fitness activities into their daily routines owing to their increased health awareness and desire to keep themselves healthy. Market dynamics have lately evolved as a consequence of greater involvement, resulting in higher demand for activewear clothes and sports gear.

U.S. activewear market size, by end user, 2019 - 2028 (USD Billion)

Activewear Market Segmentation

Grand View Research has segmented the global activewear market on the basis of end-user, distribution channel, and region:

Based on the End-user Insights, the market is segmented into Men, Women and Kids.

  • The women segment dominated the global market with a revenue share of over 60.0% in 2021. The growth of the segment is mainly attributed to the rising inclination of women towards trendy and fashionable activewear clothing. Numerous benefits associated with activewear, including breathability, rapid drying, static resistance, heat resistance, and chemical resistance, are driving the worldwide market for women's activewear. In addition, rising consumers’ health consciousness and female customers' excitement for sports and fitness are driving the demand for women's activewear.
  • The men segment is expected to expand at a CAGR of 4.8% over the forecast period due to the growing popularity of sports like basketball, cricket, and soccer. Furthermore, the increased engagement of male consumers in athletic activities supports activewear sales, which has a favorable influence on the market growth. Moreover, the high expenditure of the men population on activewear and sports clothing across the globe is projected to propel the market growth during the forecast period.
  • The kids segment is projected to expand at a significant CAGR during the forecast period. Consumer spending is chiefly accountable for the growth of this segment. Moreover, the growing organized retail sector in developing countries and fast fashion increase the product demand and fuel the market growth.

Based on the Distribution Channel Insights, the market is segmented into Online and In-store.

  • The in-store segment captured the largest revenue share of over 70.0% in 2021. The world's largest producer of active shoes and apparel sells its products through a variety of retail outlets. There are many items and brands to select from at retail establishments. This is anticipated to fuel the market growth. Furthermore, such establishments provide help from sales representatives, which contributes to the segment growth. Additionally, key players operating in the global market are taking key initiatives in order to grow their retail sales such as customizing the shopping experience while promoting the in-store experience.
  • The online segment is expected to exhibit the highest CAGR of 7.2% over the forecast period. The growth of the online platform can be attributed to the growing number of cell phone and internet users and a fast-paced lifestyle. Additionally, leading players have started selling their products online during the spread of COVID-19 and have incorporated e-commercestrategies in order to stay competitive in the market. Furthermore, online portals' quick exchange and refund alternatives are adding to the segment growth.

Activewear Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East and Africa (MEA)

Key Companies Profile & Market Share Insights

Businesses employ mergers and acquisitions and strategic partnerships to develop advanced and trendy activewear and gain a competitive edge over their competitors.

Some of the prominent players operating in the global activewear market include,

  • Adidas AG
  • Nike Inc.
  • PUMA SE
  • The Columbia Sportswear Company
  • VF Corporation
  • PVH Corp.
  • ASICS Corporation
  • Skechers U.S.A., Inc.
  • Under Armour, Inc.
  • Hanesbrands Inc.

Order a free sample PDF of the Activewear Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more