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Leggings industry seem to be highly fragmented in nature due to presence of local and global players across the globe. In 2023, the market players such as Lululemon Athletica Inc., Nike, Inc., Adidas AG, Under Armour, Inc., Athleta, Spanx, Inc., Puma SE and Victoria's Secret collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Major players operating in the market are: