Activewear Global Market Report 2024

Description

Activewear encompasses garments specifically tailored for athletic or fitness endeavors. These pieces are typically crafted from lightweight, moisture-wicking, and breathable fabrics, ensuring comfort and support during physical activity.

The primary product categories within activewear include apparel, footwear, and accessories. Activewear apparel comprises clothing items engineered to enhance performance, comfort, and support for active individuals engaged in various physical activities. Fabric options range from polyester, nylon, and neoprene to polypropylene, spandex, cotton, and others, catering to activities such as running, outdoor sports, yoga, pilates, gym workouts, and recreational pursuits. These products are distributed through both offline and online channels, serving a diverse clientele including men, women, and children.

The activewear market research report is one of a series of new reports from The Business Research Company that provides activewear market statistics, including activewear industry global market size, regional shares, competitors with a activewear market share, detailed activewear market segments, market trends and opportunities, and any further data you may need to thrive in the activewear industry. This activewear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The activewear market size has grown strongly in recent years. It will grow from $339.29 billion in 2023 to $362.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth can be attributed to increasing awareness of fitness and health, the popularization of athleisure, endorsements by celebrities and influencers, technological advancements, and the expansion of e-commerce.

The activewear market size is expected to see strong growth in the next few years. It will grow to $474.1 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth is expected to be driven by a focus on sustainability and ethical practices, the digitalization of the industry leading to personalized experiences, emerging markets, and the continued emphasis on health and wellness. Key trends anticipated in the forecast period include the proliferation of direct-to-consumer (DTC) brands, a commitment to inclusivity and diversity, the expansion of sustainable product offerings, the integration of augmented reality (AR) and virtual reality (VR) technologies, advancements in health monitoring and fitness tracking capabilities.

The surge in recreational activities is anticipated to drive the expansion of the activewear market. Recreational activities encompass a diverse range of leisure pursuits undertaken for enjoyment, entertainment, and personal fulfillment, including sports, hobbies, exercise, and relaxation. This increase in recreational engagement is propelled by a growing awareness of the significance of physical fitness and the rising desire for leisure activities to alleviate stress and enhance overall well-being. Activewear plays a crucial role in regulating body temperature by facilitating heat dissipation and preventing overheating during physical exertion. Breathable fabrics promote air circulation, ensuring comfort and preventing chafing or irritation, thereby enabling individuals to focus more effectively on their activities. For instance, as per the Outdoor Participation Trend report published by the Outdoor Industry Association (OIA) in June 2023, the number of outdoor recreation participants surged by 2.3% in 2022, reaching a record high of 168.1 million individuals compared to 164.2 million in 2021, accounting for 55% of the U.S. population aged six and above. Consequently, the uptick in recreational activities is poised to drive the growth of the activewear market.

Companies operating in the activewear sector are increasingly emphasizing sustainability and environmental responsibility in their product offerings, exemplified by the introduction of low-emission sneakers. These sneakers are designed to minimize carbon emissions throughout their lifecycle, appealing to environmentally conscious consumers seeking sustainable alternatives. For example, in September 2023, ASICS Corporation, a renowned sportswear manufacturer based in Japan, launched the GEL-LYTE III CM 1.95 sneaker, boasting the lowest CO2 emissions of just 1.95kg per pair. This innovative footwear incorporates carbon-negative foam in the midsole and sock liner, partially derived from sugarcane, along with solution-dyed polyester, contributing to its sustainability credentials. Furthermore, the sneaker features a novel structure utilizing tape to reduce material usage and waste while ensuring optimal comfort and support for daily activities.

In January 2024, Platinum Equity LLC, a prominent private equity firm headquartered in the United States, completed the acquisition of Augusta Sportswear Brands (ASB) and Founder Sport Group (FSG) for an undisclosed sum. This strategic consolidation aims to expand the companies' offerings in sports and lifestyle apparel, enhance customer service, and optimize supply chain efficiency. Augusta Sportswear Brands (ASB) is a leading U.S.-based sports apparel company specializing in the design, manufacturing, and distribution of activewear and spirit wear. Founder Sport Group (FSG) is another notable U.S.-based company focusing on athletic and performance apparel.

Major companies operating in the activewear market are Nike Inc., Adidas AG, Decathlon Group, The Gap Inc., Kappa, VF Corporation, Puma SE, Anta Sports Products Limited, Lululemon Athletica Inc., Skechers USA Inc., Ralph Lauren Corporation, Hanesbrands Inc., Under Armour Inc., New Balance Athletics Inc., Li Ning Company Limited, ASICS Corporation, Columbia Sportswear Company, Deckers Outdoor Corp., Fila Holdings Corp., Wolverine World Wide Inc., Mizuno Corporation, Brooks Sports Inc., Iconix International, Reebok International Limited, Patagonia Inc., Karhu Holding BV, Umbro International Limited

North America was the largest region in the activewear market in 2023. The regions covered in the activewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the activewear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The activewear market consists of sales of compression wear, specialized gear, and athleisure wear. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Activewear Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on activewear market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for activewear ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The activewear market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product: Apparel; Footwear; Accessories
2) By Fabric: Polyester; Nylon; Neoprene; Polypropylene; Spandex; Cotton; Other Fabrics
3) By Usage: Running; Outdoor Sports; Yoga And Pilates; Gym And Fitness Training; Recreational Activities; Other Usages
4) By Distribution Channel: Offline; Online
5) By End User: Men; Women; Kids
Companies Mentioned: Nike Inc.; Adidas AG; Decathlon Group; The Gap Inc.; Kappa
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17868

1. Executive Summary

2. Activewear Market Characteristics

3. Activewear Market Trends And Strategies

4. Activewear Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Activewear Market Size and Growth

5.1. Global Activewear Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Activewear Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Activewear Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Activewear Market Segmentation

6.1. Global Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Apparel
Footwear
Accessories
6.2. Global Activewear Market, Segmentation By Fabric, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Polyester
Nylon
Neoprene
Polypropylene
Spandex
Cotton
Other Fabrics
6.3. Global Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Running
Outdoor Sports
Yoga And Pilates
Gym And Fitness Training
Recreational Activities
Other Usages
6.4. Global Activewear Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline
Online
6.5. Global Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Men
Women
Kids

7. Activewear Market Regional And Country Analysis

7.1. Global Activewear Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Activewear Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Activewear Market

8.1. Asia-Pacific Activewear Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Activewear Market

9.1. China Activewear Market Overview
9.2. China Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Activewear Market

10.1. India Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Activewear Market

11.1. Japan Activewear Market Overview
11.2. Japan Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Activewear Market

12.1. Australia Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Activewear Market

13.1. Indonesia Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Activewear Market

14.1. South Korea Activewear Market Overview
14.2. South Korea Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Activewear Market

15.1. Western Europe Activewear Market Overview
15.2. Western Europe Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Activewear Market

16.1. UK Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Activewear Market

17.1. Germany Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Activewear Market

18.1. France Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Activewear Market

19.1. Italy Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Activewear Market

20.1. Spain Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Activewear Market

21.1. Eastern Europe Activewear Market Overview
21.2. Eastern Europe Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Activewear Market

22.1. Russia Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Activewear Market

23.1. North America Activewear Market Overview
23.2. North America Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Activewear Market

24.1. USA Activewear Market Overview
24.2. USA Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Activewear Market

25.1. Canada Activewear Market Overview
25.2. Canada Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Activewear Market

26.1. South America Activewear Market Overview
26.2. South America Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Activewear Market

27.1. Brazil Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Activewear Market

28.1. Middle East Activewear Market Overview
28.2. Middle East Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Activewear Market

29.1. Africa Activewear Market Overview
29.2. Africa Activewear Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Activewear Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Activewear Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Activewear Market Competitive Landscape And Company Profiles

30.1. Activewear Market Competitive Landscape
30.2. Activewear Market Company Profiles
- 30.2.1. Nike Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Adidas AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Decathlon Group
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. The Gap Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kappa
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Activewear Market Other Major And Innovative Companies

31.1. VF Corporation
31.2. Puma SE
31.3. Anta Sports Products Limited
31.4. Lululemon Athletica Inc.
31.5. Skechers USA Inc.
31.6. Ralph Lauren Corporation
31.7. Hanesbrands Inc.
31.8. Under Armour Inc.
31.9. New Balance Athletics Inc.
31.10. Li Ning Company Limited
31.11. ASICS Corporation
31.12. Columbia Sportswear Company
31.13. Deckers Outdoor Corp.
31.14. Fila Holdings Corp.
31.15. Wolverine World Wide Inc.

32. Global Activewear Market Competitive Benchmarking

33. Global Activewear Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Activewear Market

35. Activewear Market Future Outlook and Potential Analysis

35.1 Activewear Market In 2028 - Countries Offering Most New Opportunities
35.2 Activewear Market In 2028 - Segments Offering Most New Opportunities
35.3 Activewear Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer