Athleisure Market Research: Regional Demand, Top Competitors, and Forecast 2030
Athleisure Market Forecast
By 2030, the Athleisure Market is projected to expand by
10.33 percent and reach USD 8,33,199.16 million in revenue. Athleisure is the
term for athletic apparel used in non-athletic settings. Although it is no
longer just for exercising, athleisure has developed into a fashion trend of
"athletic-look" apparel or clothing made for workouts and other
athletic hobbies.
Athleisure apparel demand is anticipated to increase as
interest in sports and outdoor recreation increases. Additionally, a few
businesses focus on particular sporting product categories and offer tailored
gear that is best suited to people. Sportswear with improved features,
including temperature regulation, moisture management, and other
performance-enhancing qualities that lessen discomfort and potential damage,
has demonstrated that consumers are prepared to pay more for it. With the
unprecedented epidemic, working from home has become highly popular among the
general public. After gyms and exercise facilities closed during the lockdown,
emphasis was placed on finding new methods to stay active. Yoga has seen an
increase in popularity in 2021, and this trend is predicted to continue. This
change has led to a rise in athleisure demand on a worldwide scale.
Additionally, sportswear has developed into a luxurious
status symbol that denotes an active way of life. It is especially well-liked
among fashion enthusiasts who are prepared to spend money to stay current with
trends. Women's activewear, including bottoms, one-pieces, tank tops, crop
tops, and shorts, is connected with around 60% of the athleisure businesses.
Key Players of the market:
Under Armour Inc. (US), Lululemon Athletica (Canada), Ten
Thousand Inc. (US), Isadora (US), Adidas AG (Germany), Puma SE (Germany), Epsom
(US)Nike Inc. (US), Outdoor Voices (US), Hennes & Mauritz AB (Sweden)
Market segmentation:
Based on the Product Type The worldwide athleisure
market research has been divided into many product categories, including
leggings, tights, and joggers; hoodies, sweatshirts, shoes, shorts, sports
jackets, sports bras, and yoga pants; and others.
Based on end-user The worldwide athleisure market has been
divided into male, female, and unisex segments based on end users. Over the
projected period, the women's sector is anticipated to have the greatest CAGR.
According to the distribution channel, the worldwide market
has been divided into store-based and non-store-based segments. Supermarkets
& hypermarkets, specialty shops, and others make up the store-based
section. This anticipates displaying a CAGR of 9.83% during the forecast
period.
Regional Evaluation
The North American, European, Asian-Pacific, South American,
Middle Eastern, and African regions make up the majority of the worldwide athleisure
market share.
With a market value of USD 134.75 billion in 2020, North
America held the greatest market share of 34.89%; the market is anticipated to
grow at a CAGR of 9.87% over the forecast period. With a market value of USD
113.63 billion in 2020, Europe was the second-largest region; a CAGR of 10.40%
is anticipated. The market in Asia-Pacific is anticipated to grow at the highest
CAGR of 10.95%, though.
Numerous factors are projected to contribute to the growth
of the North American market. One of the key drivers of the athleisure market's
growing growth throughout the forecast period is the expanding engagement in
various sporting activities. Furthermore, an increase in involvement in gyms
and exercise facilities is largely due to greater health consciousness and the
drive to seem fit.
During the projected period, the Asia-Pacific market is
anticipated to have the greatest CAGR, at 10.95%. The rising millennial
population in Asia-emerging Pacific economies, the market for athleisure's
growth among consumers who are more conscious of fitness, the region's rapid
urbanization, and the region's rising per capita disposable incomes are all
factors contributing to the athleisure industry's expansion.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research and
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