Athleisure Wear Market Insights, Trends, Growth & Forecast Analysis 2023-2032
Global Athleisure wear market Overview
Our research report is targeting precisely on global Athleisure wear market. The Global Athleisure Wear market is signaling an optimistic future ahead in upcoming years. The research study revolves around the global Athleisure wear market and uncovers plentiful important factors that are affecting the Athleisure wear market worldwide. The research report is broken down in multiple chapters such as market sizing & forecasting, market dynamics, competitive analysis, and more, which further helps the reader in earning an in-depth knowledge of the rising market of Athleisure wear. The research report has also dedicated an ample of space and expertise on analyzing current market competition within the Athleisure wear market. Company financials, business strategies, recent innovations, and developments are several crucial areas among other areas where our research analysts have worked hard to deliver an accurate and informative analysis of the market competition.
Athleisure Wear Market Dynamics
The global Athleisure Wear market is thriving on the back of the global fast-moving consumer goods industry. FMCG is one of the largest sectors in the world economy and generating billions of revenues every year. FMCG products such as personal & healthcare products, packaged foods, beverages, and others are witnessing assuring demand through the globe. Bolstered by factors such as rising income level and growing population and others, the FMCG market is, in turn, driving the growth of the global Athleisure wear market.
The global Athleisure Wear market has already enjoyed a satisfactory growth in previous years and is expected to maintain its positive growth pace over the projected period. The global population is on the rise, in turn creating a desperate demand for retail and consumer goods globally. FMCG giants such as Johnson & Johnson, Nestle, P&G, and others are marking unprecedented sales values, driven by the development of new distribution channels, growing affordability of consumers, and others. Several other factors, such as rapid urbanizations, increasing awareness, more convenient access, and changing lifestyles, are also adding growth in the FMCG sector, which further is expected to aid the growth of the Athleisure wear market in upcoming years. Also, the number of companies engage in the development of Athleisure wear is also growing at an inspiring rate, creating ample growth opportunities for the Athleisure wear market worldwide.
Moreover, the market is said to be fueled by the rise of e-commerce in the coming years. E-commerce has aided the global market of Athleisure wear remarkably in recent years, with the help of e-commerce, FMCG companies s have managed to reach consumers in rural areas and more isolated areas. Rising internet penetration, growing sales of smartphones, and digitalization have encouraged the growth of e-commerce across all five regions, which in turn is predicted to foster the growth of the Athleisure wear market in the near future.
In addition to this, multiplying an affluent population with overconsumption power is also a key factor driving the expansion of the global Athleisure wear market. Rising demand for premium products and faster growth in sales through modern trade are likely to bring incremental growth for the global Athleisure wear market. Health & wellness awareness among the population is another crucial factor that is poised to swell the growth of the Athleisure wear market in the near future. Consumers are spending significantly on personal & healthcare products to ensure good health. Inspired by social media and health organization’s marketing & advertising activities, health concerned consumers purchasing a range of products which in turn is believed to Athleisure wear market. Also, developing countries such as China and India have emerged as one of the most attractive investment destinations in the world with increasing disposable incomes, rapid industrialization, and a significant shift in shopping behavior.
Athleisure wear market Growth Drivers
The athleisure wear market has been growing rapidly in recent years, driven by several key factors:
- Focus on health and fitness has increased as more people embrace better lifestyles and engage in fitness activities. As a result, there is an increased need for apparel that is useful and comfortable for both exercise and daily wear.
- Fashion trends: Many people are mixing athletic gear into their regular outfits, making it a popular fashion trend. The trend has also been influenced by the increase in social media influencers and celebrities wearing athleisure clothing.
- Technology advancements: The use of cutting-edge textiles and materials has improved the utility and comfort of athleisure clothing, enabling better performance while engaging in physical activity.
- More people are choosing to work from home or in less formal settings, which has increased the need for casual attire. Casual clothing has a trendy and comfy option thanks to athleisure.
- E-commerce expansion: As e-commerce has grown, people have found it easier to buy activewear, which has helped the market expand.
Overall, the athleisure wear market is expected to continue growing as more people prioritize health and fitness, and as the trend of incorporating sportswear into everyday outfits becomes more mainstream.
The Athleisure Wear market is explored on multiple segmentation level to unearth every crucial information related to the market. The level of segmentation analysis can be classified as global segmentation, regional segmentation and country-wise analysis, which is done to get information about the market at multiple depths. These in-depth segmentation level analysis helps readers to understand the geography-wise behavior of the market, which further supports our clients take goal-oriented and more customized business decisions while reducing business risks.
The exposure of research reports includes all five regions, including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market is also analyzed country-wise; we have covered almost every major country in all five regions. The report discusses the noted players across each regional market. Further, it explains the key drivers and market dynamics of the market and current trends within the region.
• North America (the United States and Canada).
• Latin America (Brazil, Mexico and Rest of Latin America).
• Asia Pacific (China, India, South Korea, Indonesia, Japan, Australia, New Zealand and Rest of Asia Pacific).
• Europe (Germany, United Kingdom, Italy, France, Russia, Spain and Rest of Europe).
• Middle East and Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of the Middle East and Africa).
Competitive landscape analysis delivers detailed strategic analysis of the noted company’s business performance such as financial information, revenue breakup by segment as well as by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion) and other market activities. The study also provides the company’s positioning and market share in the global Athleisure wear market. Some key players of the market, Nike Inc., Puma SE, Adidas Group, ASICS, Under Armour Inc., FILA Group, Ideolaogy, GAP Inc., Beyond Yoga, Versace, Ivy Park, PE Nation, Lululemon Athletica, Nordstrom.
Timeline Considered for Analysis:
• 2019- Base Year
• 2020 – Estimated Year
• 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Geographic Market Analysis:
The report offers separate analyses of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa regions. In addition, further breakdown of market data and analysis of region into countries is also covered in the report.
Key Questions Answered in the Global Athleisure Wear Market Report
• What is the overall market size in 2019? What will be the market growth during the forecast period, i.e. 2020-2025?
• Which region would have a high demand for the product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are the various long-term and short-term strategies adopted by the market players?