Athleisure Market Size Worth $549.41 Billion By 2028

SAN FRANSISCO, September 9, 2021 /PRNewswire/ — World sports marketanticipated size to achieve USD 549.41 billion in 2028, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. People need comfortable and stylish clothes. Athleisure is defined as a combination of leisurely sports and leisure activities and as such, the sector is growing rapidly. This is a popular category because it touches on several broad trends, including the global shift towards consumers who wear more casual clothing, consumers who seek comfortable clothing, and more health-conscious consumers who engage in more athletic activities and require show wear. for this activity.

Key Insights & Findings:

• The mass sports type segment accounted for the lion’s share of more than 64% in 2020 and is expected to grow at a steady CAGR over the forecast period
• The demand for highly comfortable clothing with sports features has increased in recent years, and wide pockets and elastic knot elements have become essential products for carrying bulky phones, wallets, and some other daily necessities.
• The growing popularity of versatile fashion trends has driven the demand for utility-active clothing
• The yoga wear segment accounts for the largest revenue share in 2020 and is also expected to record the fastest CAGR from 2021 to 2028
• North America have the largest market share in 2020; However, Asia Pacific will register fastest CAGR over 10% from 2021 to 2028

Read the 117-page market research report,”Sports Market Size, Share & Trends Analysis Report By Type (Mass, Premium), By Product (Shirts, Yoga Wear), By End User (Men, Women), By Distribution Channel (Online, Offline), And Segment Forecast, 2021 – 2028”, by Grand View Research

Genome Mode True Fit (via Direct Commerce), which analyzes data from 17,000 brands and 180 million True Fit users, confirms that exercise orders have increased by 84% since the pandemic began; sale of women’s sweatpants in great Britain only five times higher in December 2020 than in April 2020. In addition, sales order volume for men’s sportswear increased by 20% from the previous year. Target’s active clothing line, All in Motion, which was just launched before the pandemic, is reportedly surpassing $1 billion in sales.

According to GQ, at least a dozen new businesses have joined the market with identical origin stories in the previous five years. To name a few, British companies Ashmei and Iffley Road; the Danish brand Doxarun; and American brands Isaora and Tracksmith, with the former focusing on high-end training equipment and parkas and the latter investing in retro Ivy League See.

Grand View Research has grouped the global sports market by type, product, end user, distribution channel and region:

• Prospect of Athlete Type (Revenue, Billion USD, 2016 – 2028)
• Sports Product Prospects (Revenue, Billion USD, 2016 – 2028)
• Yoga Clothing (Tops, Pants, Shorts, Unitards, Capris, More)
• shirt
• Leggings
• Shorts
• Another
• Athleisure End User Outlook (Revenue, USD Billion, 2016 – 2028)
• Athleisure Distribution Channel Prospects (Revenue, Billion USD, 2016 – 2028)
• Regional Athleisure Outlook (Revenue, USD Billion, 2016 – 2028)
• North America
• Europe
• Asia Pacific
• Center & South America
• the middle East & Africa

List of Main Players of Sports Market

• Hanes brand, Inc.
• Adidas AG
• Mountain
• PANGAIA
• Under Armor, Inc.
• Extraordinary
• Eileen Fisher
• Patagonia, Inc.
• Pact of Use, LLC
• Lululemon Athletica

See more studies related to Global Apparel, Footwear & Accessories Industry, conducted by Grand View Research:

• Sustainable Sports Market The global sustainable sports market size is rated at USD 79.41 billion in 2019 and is expected to increase at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027.
• Yoga Clothing Market The global yoga wear market size is valued at USD 31.3 billion in 2018.
• Dye Sublimation Apparel Market The global dye sublimation clothing market size is valued at USD 4.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2020 to 2027.

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About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and customized research reports and consulting services. Registered in California and is headquartered in San Francisco, the company consists of more than 425 analysts and consultants, adding more than 1200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutions understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCES Grand View Research, Inc.