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Athleisure Market is expected to expand at a high value CAGR of 8.1% to US$ 72.7 Billion by the end of 2032

09-13-2023 01:00 PM CET | IT, New Media & Software

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Athleisure Market is expected to expand at a high value CAGR

The Athleisure market represents a significant and growing segment within the fashion industry, characterized by the fusion of athletic and leisurewear styles. Athleisure clothing is designed to be comfortable, functional, and stylish, making it suitable for both athletic activities and everyday casual wear. This trend has gained immense popularity in recent years, driven by changing consumer preferences that prioritize comfort and versatility in clothing choices.

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One of the key factors driving the Athleisure market is the increasing awareness of health and wellness among consumers. As more individuals embrace active lifestyles and prioritize physical fitness, the demand for clothing that seamlessly transitions from workouts to daily life has surged. Additionally, the COVID-19 pandemic accelerated the adoption of athleisure, as remote work and social distancing measures led people to seek comfortable and adaptable clothing for their new routines. This trend has prompted fashion brands and retailers to expand their athleisure offerings, leading to a wide variety of options for consumers. The Athleisure market is also characterized by the incorporation of advanced textile technologies and sustainable materials, further enhancing the appeal of athleisure apparel. With consumers placing a growing emphasis on sustainability and eco-friendly fashion choices, many athleisure brands are now using recycled materials and adopting eco-conscious production processes.

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Key Trends

The Athleisure market is witnessing key trends that are reshaping the landscape of fashion and lifestyle apparel. Firstly, sustainability is gaining prominence, with brands focusing on eco-friendly materials and ethical manufacturing processes to align with consumers' growing environmental awareness. Secondly, customization and personalization are becoming more prevalent, allowing consumers to create unique athleisure pieces that cater to their individual preferences. Additionally, the convergence of technology and fashion is leading to the development of smart athleisure items with features such as integrated sensors, moisture-wicking fabrics, and temperature regulation.

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Key Drivers

The Athleisure market is driven by several key factors that are propelling its growth and significance in the fashion and apparel industry. Firstly, the shift in consumer preferences towards more active and health-conscious lifestyles is driving the demand for versatile clothing that can seamlessly transition from workouts to daily activities, aligning with the modern emphasis on comfort and functionality. Secondly, the rise of athleisure as a fashion statement and cultural trend has led to increased acceptance of athletic-inspired attire in various social and professional settings, expanding its market appeal. Additionally, advancements in fabric technology, such as moisture-wicking materials and breathable textiles, are enhancing the performance and comfort of athleisure wear, encouraging consumers to adopt these items as staples in their wardrobes.

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Market Segmentation : Athleisure Market

Athleisure Market By Product Type : Yoga Apparels Shirts, Leggings, Shorts, Others

Athleisure Market By End User : Men, Women, Children

Athleisure Market By Distribution Channel : Online, Offline

Athleisure Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players

adidas America, Inc. (US)
HanesBrands Inc. (US)
LACOSTE USA, Inc. (US)
lululemon athletica inc. (US)
Nike, Inc. (US)
Outerknown, LLC (US)
Pangaia Group (UK)
Under Armour, Inc. (US)
Vuori, Inc. (US)
Wear Pact, LLC (US)

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About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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