Athleisure Global Market Report 2024 by The Business Research Company | Nike Inc., Adidas AG, Hennes And Mauritz AB, The Gap Inc., VF Corporation, PVH Corp., Puma SE, Lululemon Athletica Inc., HanesBrands Inc., Under Armour Inc.,

The athleisure market size has grown strongly in recent years. It will grow from $395.44 billion in 2023 to $430.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to an increased focus on health and fitness, the rise of e-commerce, urbanization, and globalization, the increase of celebrity endorsements and influencer culture, and changes in lifestyle trends.

The athleisure market size is expected to see strong growth in the next few years. It will grow to $592.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing sustainability and ethical practices, demand for personalized athleisure wear, the incidence of chronic lifestyle diseases, and market expansion in emerging economies. Major trends in the forecast period include technical advancements, innovation in design and technology, adoption of digital technologies and augmented reality, integration of fashion and technology, and innovations in fabric technology

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Athleisure Market Major Segments
The athleisure market covered in this report is segmented -

1) By Type: Mass, Premium
2) By Product: Yoga Apparels, Shirts, Leggings, Shorts, Other Products
3) By Distribution Channel: Online, Offline
4) By End User: Men, Women, Children

Key Driver - Increased Sports Participation Fueling Athleisure Market

The Increasing sports participation is expected to propel the athleisure market going forward. Sports participation refers to engaging in physical activities or games ranging from recreational pursuits for fun and fitness to competitive sports played at amateur or professional levels, involving physical exertion and skill. The surge in sports participation is due to increased awareness of the importance of physical activity for health and well-being, the availability of more accessible facilities and programs, and initiatives promoting inclusivity and diversity in sports. Athleisure wear is utilized in sports for its comfort, functionality, and versatility, merging the boundaries between athletic and casual clothing. For instance, in September 2023, according to the National Federation of State High School Associations, a US-based organization that governs high school sports and activities, a total of 78.57 million participants competed in high school sports during the 2022 and 2023 academic years, an increase of nearly 240,000 participants and growth of over 3% compared to 2021 and 2022 totals. Therefore, increasing sports participation is driving the growth of the athleisure market.

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Prominent Trend - Sustainable Activewear In the Athleisure Market

Major companies operating in the athleisure market focus on developing eco-friendly or multipurpose clothing, such as bio-based elastane activewear, to provide sustainable activewear to customers and maximize their profits in the market. Bio-based elastane activewear is athleisure that utilizes sustainable materials derived from natural sources to create clothing items that are both functional and environmentally friendly. For instance, in November 2022, PANGAIA, a UK-based provider of lifestyle products and accessories, launched Activewear 3.0, the next generation of plant-based activewear. This new range utilizes a 99.99% plant-based EVO Nylon and 30% first-of-its-kind creora, a bio-based elastane sourced from industrial corn, to create a highly bio-based offering. The activewear line includes four key styles in three colorways and is designed to combine nature with high-tech processes and sustainable chemicals to enhance textile functionality.

Athleisure Market Players
Major companies operating in the athleisure market are Nike Inc., Adidas AG, Hennes And Mauritz AB, The Gap Inc., VF Corporation, PVH Corp., Puma SE, Lululemon Athletica Inc., HanesBrands Inc., Under Armour Inc., ChampionX, ASICS Corporation, Columbia Sportswear Company, Reebok International Limited, Vuori Inc., Sweaty Betty, Patagonia Inc., EILEEN FISHER Inc, Outdoor Voices, Outerknown, Wear Pact LLC, PANGAIA, Ten Thousand Inc., Isaora Inc, Eysom LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the athleisure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the athleisure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Athleisure Market Report Structure
3. Athleisure Market Trends And Strategies
4. Athleisure Market - Macro Economic Scenario
5. Athleisure Market Size And Growth
…..
27. Athleisure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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