Activewear Market size is expected to reach USD 451.10 billion by 2028

 Activewear Industry Overview

The global activewear market size was valued at USD 303.44 billion in 2021 and is expected to expand at a compound annual growth (CAGR) of 5.8% from 2022 to 2028.

 

The growth of the global market is attributed to the rising inclination towards modern clothing in the gym and for everyday activities. Consumers are increasingly incorporating sports and fitness activities into their everyday routines owing to their increased health consciousness and their wish to stay fit. As a result of the increasing participation, market dynamics have changed recently, resulting in increased demand for activewear clothing and sports gear.

 

Gather more insights about the market drivers, restrains and growth of the Global Activewear Market

 

In 2020, the worldwide market for activewear was severely impacted by the COVID-19 pandemic. Most individuals have been compelled to stay indoors and accomplish their daily duties from their homes. Individual outdoor activities and home exercises both showed a surge in popularity. Due to the postponing or cancelation of major athletic events, the team sports and indoor sports sector struggled. Campaigns by various organizations encouraged people to exercise from their homes during the initial wave's lockdown time and consumers needed novel fitness clothing on a daily basis. This escalated the demand for sportswear and activewear clothing.

 

The growth of the global market is mainly attributed to a growing awareness among the younger generation and millennials that are becoming more health-conscious and interested in activities like gymming, sports, and yoga. Synthetic fibers have also improved in terms of flexibility, durability, and washability, making items like spandex which are more flexible, durable, and washable than natural fibers. Furthermore, celebrity partnerships with DTC and designer sportswear businesses and the growing blurring of the barriers between work and workout gear are propelling this market ahead. The sportswear market is witnessing growth in sectors including modest and adaptable clothes, maternity activewear, and sustainable activewear.

 

Over the projected period, the market is likely to be driven by the increased engagement of women in domestic and professional sports and fitness activities. The growing integration of sports and fashion has resulted in a rise in the availability of trendy sports clothing, which is predicted to enhance women's interest, thus making a constructive contribution to the market growth. The primary factors fueling market expansion in developed nations are rising disposable income levels, increasing living standards, and reduced production costs. However, the surge of counterfeit items is causing consumer safety, quality difficulties, and brand harm for important industry participants.

 

Activewear clothing has evolved from its humble origins as sweaty workout garments to businesses with cult-like widespread appeal. Sweatshirts, hoodies, and polo shirts have become staples of modern lifestyles and are used for a variety of purposes. Fashionable activewear is in high demand since it is adaptable, functional, stylish, and can be worn for a number of events. Key firms in the market have taken advantage of this growing emphasis on style by introducing novel, technologically sophisticated goods that are both comfortable and practical to meet this demand, resulting in improved profitability.

 

Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports

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  • Socks Market: The global socks market size was valued at USD 42.68 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

 

Key Companies Profile

Some prominent players 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 Activewear Market Intelligence Study, published by Grand View Research. 

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