Industry Background:
The rising obese population as people shift their focus towards healthy living due to the aforesaid reasons will help to boost global fitness clothing market in the forecasted period. Team and individual fitness are rising considerably across the world. With an important growth in celebrity endorsements for fitness, the global market for fitness clothing is anticipated to grow at a significant momentum. The leading producers and sellers in this field are signing famous athletes, and celebrities in order to promote their products and launch advertising campaigns.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ASICS Corporation (Japan), Adidas AG (Germany), Reebok International Limited (United States), Bravada International Ltd. (United States), Nike, Inc. (United States), Puma SE (Germany), VF Corporation (United States), Fila, Ltd. (South Korea), GK Elite Sportswear (United States) and Hanesbrands, Inc. (United States) |
According to AMA, the market for Fitness Clothing is expected to register a CAGR of 11.8% during the forecast period to 2030. This growth is primarily driven by Increasing Fitness Activity All Over the World, High Adoption of Active Lifestyle and Growing Emphasis on Product Performance and Comfort.
Globally, a noticeable market trend is evident Growing Popularity of Physical Fitness Activities amongst Women
The Apparel, Accessories & Luxury Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ASICS Corporation (Japan), Adidas AG (Germany), Reebok International Limited (United States), Bravada International Ltd. (United States), Nike, Inc. (United States), Puma SE (Germany), VF Corporation (United States), Fila, Ltd. (South Korea), GK Elite Sportswear (United States) and Hanesbrands, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global fitness market is fragmented due to the presence of already established market players. To gain the market share key players need to establish new various business strategies. In order to design new styles of clothing and widen their product lines, sports clothing companies are collaborating with fashion designers. This has led to a number of mergers and acquisitions in the market. Friction reduction, lightness, stretching ability, water resistance, and temperature regulation are some innovations in fabrics, which will influence the market.
Key Developments in the Market:
In June 2019, Global fitness brand, Reebok, and the Navy SEAL Foundation (NSF) have announced a historic collaboration to support the Naval Special Warfare community.
In February 2019, Reebok and long-standing brand partner, Gigi Hadid, are taking their unstoppable partnership to new heights! On the heels of their capsule collection released in 2018, the two are proud to unveil the full Reebok x Gigi Hadid clothing collection, now officially available on Reebok.com.
Influencing Trend:
Growing Popularity of Physical Fitness Activities amongst Women and Increasing Incomes in Developing Countries
Market Growth Drivers:
Increasing Fitness Activity All Over the World, High Adoption of Active Lifestyle and Growing Emphasis on Product Performance and Comfort
Challenges:
Intense Competition From Industry Frontrunners
Restraints:
Growing Concern about Price Sensitivity
Opportunities:
Huge Demand for Premium, High-Quality Fitness Clothing’s and Growing Attraction towards Fitness in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Fitness Clothing Market
- Analysis about New Entrants in Fitness Clothing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Fitness Clothing Study Sheds Light on
The Fitness Clothing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fitness Clothing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fitness Clothing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.