Streetwear Market Size, Share, Trends, Industry Analysis, Forecast, 2032

The streetwear market size was valued at USD 325.28 billion in 2023 and is expected to be worth USD 347.14 billion in 2024. The market is projected to reach USD 637.13 billion by 2032, recording a CAGR of 7.89% during the forecast period.

Streetwear, a fashion trend rooted in the cultural aesthetics of youth subcultures, has become a distinct style. It is popular for its vibrant colors, bold logo graphics, and unconventional designs. It also encompasses different products, such as oversized tees, streetwear hoodies, streetwear jeans, beanies, snapbacks, and sneakers. The increasing disposable incomes and consumer spending on fashion are expected to drive the growth of the global market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sports-tourism-market-110568

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
▶ Nike (U.S)
▶ Supreme (U.S.)
▶ Stussy (U.S.)
▶ BAPE (Japan)
▶ Adidas (Germany)
▶ Off-White (Italy)
▶ Vetements (Switzerland)
▶ Palace (U.K.)
▶ RoaringWild (China)
▶ Undercover (Japan)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
Clothing Segment Dominated Market Due to Increasing Celebrities' Collaboration

Based on product, the market is segmented into clothing, footwear, accessories, and others. The clothing segment held the largest market share in 2023. This dominance can be attributed to the wide product availability and increasing collaborations among brands and influencers.

Men Segment Dominated Market Due to Growing Appearance Consciousness among Men

Based on end user, the market is segmented into men and women. The men's segment accounted for the largest market share in 2023. This growth can be attributed to the wide product availability, rising purchasing power, and increasing consciousness about appearance among men.

Offline Stores Segment Dominated Market Due to Increasing Number of Retail Stores Worldwide

Based on distribution channel, the market is segmented into offline stores and online stores. The offline segment led the global streetwear market share in 2023 due to the surge in the network of retail stores across the world.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, products, end users, distribution channels, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬-
Increasing Sales of Sustainable Products to Drive Market Growth

The rising environmental consciousness has led to the increasing popularity of environmentally friendly products among customers. Customers opt for brands committed to environmental sustainability as they are more ecologically conscious. Additionally, the growing demand for eco-friendly products among eco-conscious consumers contributes to the need for sustainable products. Also, several international players are introducing sustainable products to meet the increasing demand for sustainable clothing.

However, the streetwear market growth is expected to be constrained by the increasing availability of counterfeit casual clothing.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/sports-tourism-market-110568

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Asia Pacific Dominated Market Due to Increasing Urbanization and Rapid Growth in Young Population

Asia Pacific accounted for the largest market share in 2023 and is expected to maintain its dominance during the forecast period. This growth can be attributed to increasing urbanization and rapid growth in the young population. The surge in the number of homegrown brands in the region that provide street culture and subculture-inspired products, such as hip-hop, street art, and skateboarding will contribute to the region's market growth.

North America is poised to experience considerable growth during the forecast period due to the strong presence of leading players in the region. North America's different street culture scenes, such as hip-hop, skateboarding, and graffiti will fuel the demand for the product, thereby driving the region's market growth.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
Companies to Focus On Innovative Technologies to Stay Competitive

The leading companies operating in streetwear market are increasing their focus on implementing various strategies to tackle the growing presence of counterfeit products. They are launching security labels that allow consumers to authenticate their purchases. They are also introducing innovative products and establishing strategic partnerships with other firms to strengthen their market position and remain competitive.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/sports-tourism-market-110568

𝐍𝐨𝐭𝐚𝐛𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
November 2023: Lemon Lilt launched itself in India as a novel streetwear-inspired brand. According to the company, its first product will include graphic T-shirts.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.fortunebusinessinsights.com/sports-apparel-market-107401
https://www.fortunebusinessinsights.com/golf-apparel-market-110184
https://www.fortunebusinessinsights.com/mice-market-108653

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

This release was published on openPR.