Global Activewear & SportsWear Market Overview:
Sportswear is clothing that has been specifically created for use in sports. Activewear, on the other hand, is clothing that has been specifically created for physical activity. Activewear and sportswear have both become fashionable among those who live an active lifestyle. Since the 1930s, sportswear has been an element of American fashion. Its popularity has risen significantly over the period. Sportswear has become a component of day and evening fashion trends for a variety of social occasions since the turn of the millennium, reflecting a more casual attitude to design.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Nowadays People Prefer Home Gym
Market Growth Drivers:
The Rise of Yogic Culture and Increase in Demand for Activewear with versatility and innovative aspects
Challenges:
Lack of High-Quality Wears Due to Companies Focusing on R&D Rather Than Product Innovation and Innovation is necessary to maintain a competitive advantage among demanding customers
Restraints:
New Brands are Making an Impact at Both Ends of the Entire Range of Products
Opportunities:
Premium Active and Sports That are Both Comfortable and Stylish are Desired by Affluent Consumers and The Growth of Electric Bike is an Opportunity to Design Comfortable Wear
Competitive Landscape:
The demand for Activewear and Sports Wear is increasing as People are more aware about being Fit as it is important during this Current Pandemic. The Companies in this industry are facing many challenges. The Industry leaders are facing competition from Hanesbrands Inc., PVH Corporation, Ralph Lauren Corporation, Tapestry, Inc., Under Armour, Inc. and V.F. Corporation. It has been identified that market-leading players are investing heavily technological development, resource utilization to boost the market position.
Some of the key players profiled in the report are Nike (United States), Puma (Germany), Adidas (Germany), Under Armor (United States), Asics (Japan), Beyond Yoga (United States), Lululemon (Canada), Fabletics (United States), Vuori (United States) and New Balance (United States). Additionally, following companies can also be profiled that are part of our coverage like Athos (United States), Karma Athletics (Canada) and Rhone Apparel (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Activewear & SportsWear market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online {Company Website, E-Commerce Website} will boost the Activewear & SportsWear market. Considering Market by End-User, the sub-segment i.e. Fitness will boost the Activewear & SportsWear market. Considering Market by Material, the sub-segment i.e. Cotton will boost the Activewear & SportsWear market.
Latest Market Insights:
In August 2019 Nike Released a Statement stating the Acquisition of Celect. By incorporating a platform designed by world-class data scientists, we can significantly accelerate our digital edge. Celect's staff will be incorporated into Nike's Global Operations Team right away, allowing them to be insight-driven, data-optimized, and hyper-focused on consumer behavior as demand for their product develops, and this is how Nike serves consumers more intimately at a global scale.
What Can be Explored with the Activewear & SportsWear Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Activewear & SportsWear Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Activewear & SportsWear
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Activewear & SportsWear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Activewear & SportsWear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Sports Clothing Suppliers, Distributors and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.