Product ID: SQMIG25K2055
Global Activewear Market Size, Share, Growth Analysis, By End-User(Men, Women and Kids), By Distribution Channel(Online and Offline) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2055 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
60 |
Figures:
75
Global Activewear Market Regional Insights
In 2022, North America had the highest revenue share of about 35.0% thanks to the rise in popularity of stylish sportswear. The existence of significant industry rivals like Nike and Adidas, who make up a sizable percentage of the North American market in terms of sales, is what is driving the region's market. The popularity of sports like basketball and soccer as well as the rise in health consciousness are predicted to boost market growth. Greater levels of disposable income, lower production costs, and greater living standards are the main drivers of the regional market.
Asia Pacific is predicted to have the highest CAGR of 8.1% between 2022 and 2030 and is likely to register themselves as the fastest growing region. The industry is expanding as millennial and young adults' preferences for stylish athletic apparel grow. The regional market is dominated by nations with a higher proportion of young people, such China and India. Because of the rising interest in foreign brands, rising disposable income, and desire for improved lifestyles, the market for sportswear in the region is likely to develop. India, China, and Japan will soon control the regional market due to government measures that encourage active involvement in sports and competitions.
Global Activewear Market Report Snapshots
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