Active Wear Market is expected to expand US$ 779.9 billion in 2032 | Covid-19 Opens Up New Opportunities

The active wear market is expected to escalate at a CAGR of 6.4% from USD 421.2 billion in 2022 to USD 779.9 billion through 2032.

COVID-19 has clearly made an impression on the active wear market. Investment costs and a lack of staff both had a significant influence in increasing revenue and manufacturing of distilled liqueur. Nonetheless, prominent competitors in the active wear market have taken steps to accelerate product development.

Because it enables people to make purchases more quickly, has easier payment methods, a wide range of products that can be delivered to their doorsteps, and larger discounts, the online distribution channel is changing people’s shopping habits, contributing to the growth of the active wear market during the pandemic, and it will continue to accelerate its growth during the post-pandemic stage.

The distinctive benefits offered by active wear, such as quick-drying, thermal resistance, breathability, chemical resistance, and static resistance, are one of the important reasons driving to the market’s growth.

Market growth has quickened as consumers’ health consciousness has grown as a result of sedentary lifestyles and the incidence of ailments such as diabetes and heart disease.

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Because more people are adopting active lifestyles, they are having a beneficial impact on the market. The distinctive benefits offered by active wear, such as quick-drying, thermal resistance, breathability, chemical resistance, and static resistance, are one of the important reasons driving to the market’s growth.

In the forecast period of 2022-2032, the active wear market is projected to face challenges due to a diminishing number of price-sensitive consumers as a result of high design costs and volatile raw material costs.

KEY TAKEAWAYS:

  • In the wireless local area network (WLAN) controller segment of the solution, the active wear market is expected to grow at a CAGR of 6.4 percent.
  • The outdoor segment of the location type category in the active wear market is expected to maintain a high CAGR.
  • During the projection period, the active wear market in the United States is expected to stay dominating.
  • During the projected period, the active wear market in the United Kingdom is expected to rise at a high CAGR.
    By 2032, China is likely to be a major player in the Asia Pacific active wear industry.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the active wear market include Adidas AG, Mizuno USA, NIKE, Inc., Decathlon, Gap Inc, Under Armour, Inc, PUMA SE, Jockey, Skechers U.S.A., Inc, Dick’s Sportswear Company, PVH Corp, V.F. Corporation, Forever21 Inc., H&M Hennes & Mauritz AB.

Due to the significant development in the trend of athleisure wear, which has become part of office and casual wear, the North American activewear industry dominates the global market. The increasing popularity of sporting events and the increasing usage of activewear by sports fans is the major reason for the rapid growth of the European activewear market.

As a result, there is a higher demand for activewear products, such as t-shirts and outerwear in the market. Furthermore, increasing concerns about health & wellness, and an increase in participation in sports activities among the youth population, the Asia-Pacific region is set to record the highest growth rate.

Key segments

By Product Type:

  • Tops & T-Shirts
  • Sweatpants & Yoga Pants
  • Skirts & Skorts
  • Tracksuits
  • Sweatshirts/Jacket
  • Others (Sports Shoes)

By Material Type:

  • Cotton
  • Polyester
  • Neoprene
  • Polypropylene
  • Spandex
  • Others

By Consumer Orientation:

  • Male
  • Female
  • Unisex

By Price Range:

  • Economy
  • Mid-Range
  • Premium

By Sales Channel:

  • Offline Sales Channel
  • Online Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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