Athleisure Market: was valued at US$ 292 Bn. in 2020. Global Athleisure Market size is estimated to grow at a CAGR of 8% over the forecast period.
Athleisure Market Overview:
The analysis is based on extensive research, qualitative and quantitative evaluations by industry experts, and feedback from field personnel and supply chain actors. The study thoroughly investigates parent market trends, macroeconomic statistics, and regulating variables, as well as market attractiveness by segment. The analysis also maps out the qualitative impact of major market factors on market segments and geographies.
This Athleisure Market review looks at the most recent developments, regulatory frameworks, trade analysis, business models, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments of possibilities in terms of evolving revenue spots, regulatory shifts, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and product latitude. To understand more about the Athleisure market, contact Stellar Market Research and get an Analyst Brief. Our personnel will help you make an informed market decision in order to achieve market growth.
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Athleisure Market Key Players:
Under Armour Inc.
New Balance Athletics Inc.
Columbia Sportswear Company
The market's leading players are embracing various growth techniques such as partnerships and strategic alliances, as well as new product launches, to expand their presence in emerging nations and eventually widen their customer base. Some of the prominent players in the Athleisure market are as follows:
Individual market influencing aspects and changes in market regulations that affect existing and future marketing tactics are also explored in the Athleisure market study's country-focused discussion. Consumer volumes, processing facilities, and inventories, shipping analysis, price prediction modeling, raw material prices, and upstream and downstream value chain analysis are some of the major factors used to forecast the market scenario for specific countries. While providing forecast analysis of national data, the availability and affordability of global brands, as well as the challenges they face due to large or limited competition from local and domestic producers, the effect of local tariffs, and shipping routes, are all considered.
Athleisure Market Segmentation:
By Type, The mass athleisure type segment dominated the Athleisure Market with a 65% share in 2020. Athletic casual clothing is becoming more widely accepted for use in a range of social settings. Sports-inspired materials like spandex, Lycra, and other synthetic fibers are used in many of the garments that are considered work-appropriate.
The premium type segment is expected to grow at a CAGR of 5.3 % through the forecast period. Athleisure brands have been exploring untapped segments in the sportswear market, particularly workwear. Many brands and companies combine trendy workwear with athleisure to offer these products at affordable prices. Some companies are also focused on promoting a healthy lifestyle for consumers in order to create a community of active enthusiasts and thereby increase sales of bulk products. Brands also focus on providing athleisure that suits consumers` daily tastes. These factors are expected to drive the growth of the Athleisure Market through the forecast period.
COVID-19 Impact Analysis on Athleisure Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Athleisure market to slow in 2020. The new research features pandemic's impact on the Athleisure market, as well as observations, research, estimations, and projections. The Stellar Athleisure Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Athleisure market's outlook, classification, trends, and economic constraints.
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Key Questions Answered in the Athleisure Market Report are:
- What are the drivers motivating overall Athleisure market advancement in the upcoming period?
- What revenue potential is estimated from the Athleisure market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Athleisure market in the approaching period?
- Who are the significant contenders functioning in the Athleisure market?
- Which region is leading the global Athleisure market share at the end of the forecast period?
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