Press release
Leading Element Driving Change in the Luxury Activewear Market in 2025: Rising Participation in Sports and Fitness Activities Drives Growth in the Luxury Activewear Market Driver
Luxury Activewear Market Insights
The luxury activewear sector has experienced significant expansion in recent times. The market, which is currently valued at $6.32 billion in 2024, is projected to reach $6.81 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.8%. This upward trend during the historical period is owing to factors such as a rise in health-conscious consumers, increased fitness knowledge among consumers, a surge in the participation rates of sports and fitness activities, growth in disposable income, a heightened demand for eco-friendly and sustainable luxury activewear, expansion of distribution networks, and growth in e-commerce and specialty stores._x000D_
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The luxury activewear segment is predicted to experience substantial expansion in the upcoming years, with an estimated size reaching $9.09 billion by 2029, at a compound annual growth rate (CAGR) of 7.5%. The projected growth within the forecast period can be credited to the rising impact of celebrity endorsements and social media on consumer choices, creative marketing tactics employed by luxury activewear labels, a heightened emphasis on inclusive sizes and customized options, the growing trend of high-intensity interval training (HIIT) and boutique fitness studios, and a surge in interest in outdoor pursuits and adventure sports. Notable trends during the forecast period encompass developments in environmentally friendly materials, innovations in activewear manufacturing techniques, the use of advanced fabrics that offer moisture-wicking, odor control, and temperature regulation, and advancements in personalized activewear options._x000D_
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What Factors Are Fueling Growth in the Luxury Activewear Market?_x000D_
The luxury activewear market is predicted to expand owing to an increase in sports and fitness activity involvement. The upswing in participation levels in sports and fitness regimes can be attributed to a growing inclination towards health consciousness, the adoption of popular workout approaches, advances in fitness technologies, social media influence, and government campaigns advocating for physical exercise. Luxury activewear elevates the sports and fitness experience by integrating superior quality fabrics, ergonomic structures, and fashionable aesthetics, thereby providing athletes with comfort, support, durability, and inspiration. For example, the Outdoor Industry Association (OIA), a non-profit organization based in the US, reported in their Outdoor Participation Trends for June 2023 that the quantity of outdoor recreation participants rose by 2.3% in 2022, totaling a record 168.1 million compared to 164.2 million in 2021, embodying 55% of the US population aged six and up. Consequently, the boost in sports and fitness activity is fueling the luxury activewear market._x000D_
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Who Are the Dominant Companies Influencing Luxury Activewear Market Trends?_x000D_
Major companies operating in the luxury activewear market are Nike Inc., Adidas AG, Gap Inc., PVH Corp., Puma SE, Lululemon athletica inc., Skechers USA Inc., Under Armour Inc., ASICS Corporation, Columbia Sportswear Company, Patagonia Inc., Reebok International Limited, Tory Burch LLC, Fabletics LLC, Mammut Sports Group AG, Sweaty Betty Limited, Outdoor Voices Inc., Norrona Sport AS, Carbon 38 Inc., PE Nation, Splits59, The Upside, Vaara, Live The Process_x000D_
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How Is the Luxury Activewear Market Evolving?_x000D_
Major players in the luxury activewear sector are innovating premium casual sportswear with superior performance characteristics. Premium casual sportswear aids by offering chic designs that augment comfort, utility, and flexibility for sports activities and daily attire. For example, in May 2024, Jennifer Sey, the former global brand president of Levi Strauss & Co., a clothing corporation based in the US, introduced XX-XY Athletics, a premium casual sportswear line. The aim of XX-XY Athletics is to manufacture high-caliber sportswear for both genders while advocating for the preservation of women's sports integrity. The collections, focused on performance, are tailored to fulfil the requirements of active customers, concurrently conveying an empowering message._x000D_
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What Are the Different Segmentations in the Luxury Activewear Market?_x000D_
The luxury activewear market covered in this report is segmented -_x000D_
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1) By Type: Top Activewear, Bottom Activewear, Innerwear, Swimwear, Outerwear_x000D_
2) By Material: Nylon, Polyester, Cotton, Neoprene, Polypropylene, Spandex_x000D_
3) By Distribution: Online Stores, Offline Stores_x000D_
4) By End User: Men, Women, Kids_x000D_
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Subsegments:_x000D_
1) By Top Activewear: Luxury Sports Bras, Luxury Tank Tops, Luxury T-Shirts And Sweatshirts, Luxury Jackets And Hoodies_x000D_
2) By Bottom Activewear: Luxury Leggings, Luxury Yoga Pants, Luxury Shorts, Luxury Joggers And Sweatpants_x000D_
3) By Innerwear: Luxury Sports Underwear, Luxury Sports Bras_x000D_
4) By Swimwear: Luxury Swimsuits, Luxury Bikinis, Luxury Swim Tops And Bottoms_x000D_
5) By Outerwear: Luxury Jackets, Luxury Coats And Parkas, Luxury Windbreakers, Luxury Active Outerwear_x000D_
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Which Region Is at the Forefront of the Luxury Activewear Market?_x000D_
North America was the largest region in the luxury activewear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury activewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Luxury Activewear Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Luxury Activewear Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Luxury Activewear Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Luxury Activewear Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Luxury Activewear Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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