The global activewear market is expected to grow at a CAGR of 6.2% during the forecast period (2022-2028). The market is segmented based on product and gender. Based on product, the market is segmented into tops, shirts, racerbacks, sweat pants, sweat shorts, Bermuda, and others. Based on gender, the market is segmented into male and female. Tops are used for a comfortable exercise session. It is majorly used in a gym or running session. It is used as a workout wear in outdoor sessions.
Tank tops are also used as an active wear. This is a type of sleeve less shirt. It is mainly worn as an undershirt by both men and women. It is significantly used by women as an athletic and sportswear. Long sleeved shirt are another option for an activewear. It is used by women in order to cover the arm. It is used in outdoor workout sessions or sports activity. It supports women during warm-up sessions. Materials used in making this is a tight material which sticks to the body while doing workout. Allbirds which is a shoe brand introduced a activewear. company that makes products which are environment friendly and reduces carbon emission. The company avoids making use of polyester to make products. Eucalyptus tree fiber and merino wool are used by Allbirds in order to make running clothes.
Some major players in the market include Adidas AG, Nike, Inc., and Under Armour, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021, Gildan Activewear Inc. announced that it has acquired Phoenix Sanford, LLC which is a parent company of Frontier Yarns. This deal has been done in the amount of $168 million. Frontier is a leading producer of 100% cotton, polyester, and cotton blend yarns primarily manufactured on open end and vortex (MVS) spinning technology.
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Competitive Landscape-
Adidas AG, Nike, Inc., and Under Armour, Inc., among others.
By Product
Tops
Shirts
Racerbacks
Sweat Pants
Sweat Shorts
Bermuda
By Gender
Male
female
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Scope of the Report
The research study analyzes the Global Activewear industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Activewear Market Report
1. What was the Global Activewear Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Activewear Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Activewear Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Activewear market.
- The market share of the Global Activewear market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Activewear market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Activewear market.
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