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Activewear Market Size

  • Report ID: GMI7357
  • Published Date: Jul 2024
  • Report Format: PDF

Activewear Market Size

Activewear Market was valued at USD 412.6 billion in 2023 and is anticipated to register a CAGR of 5.4% between 2024 and 2032. The growing emphasis on fitness and health throughout the world is one of the main factors behind the vast expansion of the global activewear industry. This expansion is primarily driven by factors including a young population, growing urbanization, and an increase in chronic illnesses. The market for athletic apparel that encourages individuals to stick to their fitness regimens is expanding along with people's growing health consciousness.

 

As more individuals move to cities, daily activities are becoming less physically taxing. Exercise programs are in high demand owing to a growing younger population that is increasingly inclined toward healthy living. People are prioritizing exercise as they are aware of the health risks such as diabetes and heart disease that come with leading an inactive way of life. Additionally, people are looking for clothes that complement their busy lifestyles as fitness and health become more important to them. In regard to exercising, activewear has several advantages over regular apparel.
 

Customers are becoming more concerned with how the fashion industry sources and produces its products. Purchasing environmentally friendly products and ensuring moral production methods throughout the supply chain can be complex and expensive. Customers are on the lookout for greenwashing, which occurs when companies present false information about their environmental initiatives. It is essential to establish trust by being transparent and sincere about adhering to moral principles.
 

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of activewear was worth over USD 412.6 billion in 2023 and is expected to register 5.4% CAGR from 2024 to 2032, owing to growing emphasis on fitness and health and rising number of young populations, growing urbanization, and an increase in chronic illnesses worldwide.

Activewear industry from the footwear segment reached USD 196.4 billion in 2023 and is expected to register 5.7% CAGR from 2024 to 2032, due to creating customized product offers that meet the unique requirements and tastes of its target market.

North America activewear industry reached USD 165.2 billion in 2023 and is expected to register 5.1% CAGR from 2024 to 2032, due to a growing need for comfortable and adaptable clothes, and fashion & fitness in the region.

ASICS Corporation, ASOA PLC, Champion, Columbia Sportswear Company, Fila Holdings Corporation, Gymshark, Lululemon Athletica Inc., New Balance, NIKE, PUMA SE, Sketchers, Squat Wolf, Under Armour Inc., and VF Corporation, are some of the major activewear companies worldwide.

Activewear Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 57
  • Countries covered: 21
  • Pages: 100
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