Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Activewear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global activewear market size reached US$ 371.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 527.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Activewear is clothing designed to be worn for sports and other outdoor activities. It is made from moisture-wicking fabrics to absorb sweat and moisture and consequently keep the body temperature moderate. It is highly breathable, comfortable, lightweight, versatile, and helps prevent the odor of sweat. It increases the blood flow, keeps muscles oxygenated, offers sun protection, and prevents chafing, rashes and muscle sprains and other ligament-related injuries. Presently, there is a rise in the participation of the youth and geriatric population in physical activities to improve their physical and mental well-being.

Activewear Market Trends:

The growing number of campaigns to promote sports participation by several organizations across the globe currently represents one of the key factors driving the market. Moreover, there is an increase in the use of green textiles to manufacture activewear using sustainable methods around the world. This, coupled with the rising awareness among individuals about the benefits of healthy lifestyles, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to develop smart activewear for maintaining a workout routine, monitoring performance, and providing real-time feedback. In line with this, the increasing disposable incomes and living standards of individuals are offering lucrative growth opportunities to industry investors. Besides this, the growing popularity of fitness apps on smartphones is positively influencing the market. Additionally, the rising demand for leisure activities, such as running and cycling, is strengthening the growth of the market. Other factors impelling the market growth are celebrity collaborations with direct-to-consumer (D2C) and the wide availability of designer activewear brands through offline and online distribution channels.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global activewear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, material type, pricing, age group, distribution channel and end user.

Breakup by Product Type:

Top Activewear
Bottom Activewear
Innerwear
Swimwear
Outerwear

Breakup by Material Type:

Nylon
Polyester
Cotton
Neoprene
Polypropylene
Spandex

Breakup by Pricing:

Economy
Premium

Breakup by Age Group:

1 – 15 Years
16 – 30 Years
31 – 44 Years
45 – 64 Years
More than 65 Years

Breakup by Distribution Channel:

Online Stores
Offline Stores

Breakup by End User:

Men
Women
Kids

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas AG, ASICS Corporation, Columbia Sportswear Company, DICK's Sporting Goods Inc., Forever 21, Gap Inc., Nike Inc., Puma SE, PVH Corp., Skechers USA Inc., The North Face (VF Corporation) and Under Armour Inc.

Key Questions Answered in This Report:

How has the global activewear market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global activewear market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the pricing?
What is the breakup of the market based on the age group?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global activewear market and who are the key players?
What is the degree of competition in the industry?