Activewear Market Manufacturers, Suppliers and Export Research Report and Forecast to 2025
According to a new report published by Reports Monitor titled, “Activewear Market by Product and Fabric: Global Opportunity Analysis and Industry Forecast, 2018–2025,"" the global activewear market was valued at $XX million in 2017 and is expected to reach $XX million by 2025, registering a CAGR of XX% from 2018 to 2025. North America dominated the global activewear market in 2017, accounting for XX% of the total revenue.
Activewear is effective clothing, which helps physical performance and supports constant movements, as it promotes ease of use while performing fitness and sports activities.
There are several benefits offered by activewear such as, high-stretchable function, water resistance, wicking function, anti-bacterial fabric, among others. Rise in participation of end users in fitness and sports activities provide key direction to market growth. Moreover, female demand base for activewear is increasing, owing to all-around method of female consumers towards fitness and sports. Similarly, increase in acceptance of athleisure wear as work or casual wear has boosted growth of the overall activewear market. Furthermore, rise in purchasing power and increase in health awareness significantly contributes towards the rise in demand for activewear.
However, unstable cost of raw materials and extravagant cost of designing leads to high cost of the end-product. This restrains the sales of the product through price-sensitive customers, thereby hampering the market growth. Conversely, rise in promotional activities such as fitness campaigns, and activewear promotion by celebrities & athletes is expected to provide lucrative opportunities for key stakeholders.
The fashion outer segment is expected to lead the activewear market during the forecast period, due to increase in acceptance of athleisure wear as casual wear and increase in sports involvement of end users. However, the shoe wear segment is estimated to gain prominent attention of consumers engaged in fitness and sports activities.
Polyester directs the activewear market in terms of revenue. Consumer preference for activewear made by polyester is rising, owing to its properties such as, high flexibility; instant drying & easy rinse; shrink-free, wrinkle-free, abrasion resistant among others.
North America and Europe collectively accounted for around than half of the share for global activewear market in 2017. Fast-paced lifestyle and rise in purchasing power of consumers are expected to drive demand in the Asia-Pacific market.
Major players in activewear market include, Columbia Sportswear Company, Inc., Under Armour, Inc., Gap Inc., Phillips-Van Heusen Corporation, Puma Se, Nike, Inc., Dick's Sporting Goods, North Face, Inc., Adidas AG, and Asics Corporation.
Other prominent players in the market are 2XU Pty Ltd, , Vie Active, LLC, Sportika SA, Hongxing Erke Sports Goods Co., Ltd., 361 Degrees International Limited, Prince Global Sports, LLC, and Reusch International SPA, Bike Athletic Company, Everlast Worldwide Incorporated, and Webb Ellis Ltd.
KEY MARKET SEGMENTS
• By Product
o Ready to Wear
o Fashion Outerwear
o Shoe wear
o Fashion Brand
• By Fabric
o Others (Rayon and Lyocell)
• By Geography
o North America
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
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