The global hoodies and sweatshirts market is anticipated to grow at a CAGR of 5.5% during the forecast period. Primary factor supporting to the market growth includes the growing demand for athleisure wear across the globe. The popularity of the athleisure trend, that encourages the combination of sports and casual clothing, immensely impacted the demand for sweatshirts and hoodies globally. The clothes in this category are comfortable and appropriate for both training and regular usage, rendering them perfect for individuals who are seeking an appropriate balance between style and effectiveness. Additionally, when comparing the categories of athleisure wear, such as top wear, bottom wear, and outerwear, it was found that during the pandemic, demand and spending for bottom wear, such as joggers, sweatpants, leggings, and shorts, has been increased significantly.
Hence, owing to such rising demand and use, there is significant increase in the launch of new athleisure wear products along with the establishment of new athleisure brands across the globe. For instance, in August 2022, ONLY, a European fashion brand entered into the athleisure segment with the launch of a new category called ‘ONLY PLAY’. Further, in September 2021, Flipkart in collaboration with Puma Inc. launched an affordable range of athleisure clothing. Apart from this, in January 2023, Bollywood celebrity Akshay kumar launched its own athleisure brand named Force IX.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Material Type
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Gap Inc., Hanesbrands Inc., Levi Strauss & Co., Lululemon Athletica Inc., and New Balance Athletics, Inc., among others
Hoodies and Sweatshirts Market Report Segment
By Material Type
- Cotton
- Wool
- Leather
- Fleece
By Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialist Retailers
- Clothing retail stores
- Online retail
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Hoodies and Sweatshirts Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Abercrombie & Fitch Stores, Inc.
- Adidas India Marketing Pvt. Ltd.
- Amer Sports Corp.
- Columbia Sportswear Co.
- F21 Ipco, LLC
- Gap Inc
- Hanesbrands Inc.
- Levi Strauss & Co.
- Lululemon Athletica Inc.
- New Balance Athletics, Inc.
- Patagonia, Inc.
- Pvh Corp.
- Ralph Lauren Media LLC
- Redbubble Inc.
- Under Armour Inc.
- Uniqlo Co. Ltd.
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