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With 8.1% CAGR, Athleisure Market Size to Surpass USD 727.5 Billion by the end of 2032

10-12-2023 01:08 PM CET | IT, New Media & Software

Press release from: Global Insights Services

/ PR Agency: Global Insight Services
With 8.1% CAGR, Athleisure Market Size to Surpass USD 727.5

The Athleisure Market is a dynamic and rapidly growing segment within the broader fashion industry. Athleisure refers to casual clothing that is designed to be worn both for athletic activities and in everyday life, blurring the lines between sportswear and fashion. This market has gained immense popularity in recent years, driven by several key factors. Firstly, the shift towards a more health-conscious and active lifestyle has fueled the demand for comfortable and functional clothing suitable for both workouts and daily activities. Athleisure wear is designed to provide the flexibility and comfort required for physical activities while remaining stylish and suitable for everyday wear.

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Secondly, the rise of social media and influencer culture has played a significant role in the growth of the athleisure market. Celebrities and fitness influencers often showcase athleisure outfits on platforms like Instagram, making these styles aspirational and driving consumer interest. Moreover, advancements in fabric technology and innovative design have improved the performance and aesthetics of athleisure clothing. Moisture-wicking materials, breathable fabrics, and ergonomic designs are some of the features that have contributed to the appeal of athleisure wear.
The COVID-19 pandemic also accelerated the athleisure trend as remote work and a focus on health and wellness prompted people to seek comfortable yet stylish clothing suitable for both home and outdoor activities.

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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.

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

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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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