Athleisure Market on Track for Strong Growth, Estimated to Grow at 9.7% CAGR Through 2029

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What Is the Expected CAGR for the Athleisure Market Through 2025?
In recent times, there has been substantial growth in the athleisure market size. It is anticipated to expand from $441.05 billion in 2024 to $486.06 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. Causes for the increase during the historical phase can be credited to factors such as enhanced importance on health and fitness, e-commerce's upsurge, urbanization, and globalization, heightened impact of celebrity endorsements and influencer culture, and lifestyle trend adjustments.

What's the Projected Size of the Global Athleisure Market by 2029?
Predictions indicate a robust expansion in the athleisure market in the upcoming years. The market value is slated to reach $703.67 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. The surge during the predictive phase can be associated with rising sustainable and ethical practices, an increased preference for customized athleisure attire, the prevalence of chronic lifestyle health conditions, and market development in developing economies. Key trends expected during the forecast period involve advancements in technology, innovative design and technological solutions, the adoption of digital platforms and augmented reality, the fusion of fashion and technology, and novel fabric technology advancements.

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Top Growth Drivers in the Athleisure Industry: What's Accelerating the Market?
An upward trend in sports involvement is anticipated to stimulate expansion in the athleisure market. Engagement in physical exercises or recreational activities, spanning from playful quests for fitness to competitive sports at both amateur and professional levels, is what is referred to as sports participation. This upsurge in sports involvement can be traced back to enhanced recognition of the significance of physical movement for health and general well-being, increased availability of accessible venues and sports programs, and campaigns supporting inclusivity and diversity in sports. Athleisure attire, due to its comfort, practicality, and adaptability, is becoming a popular choice in sports, blurring the lines between athletic and casual wear. For instance, the National Federation of State High School Associations, a US-based institution that regulates high school sports and activities, reported that in September of 2023, 78.57 million students participated in high school sports during the academic years of 2022 and 2023. This marked nearly 240,000 more participants and an over 3% growth compared to the totals for 2021 and 2022. Consequently, the rise in sports participation is fueling the growth of the athleisure market.

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What Trends Will Shape the Athleisure Market Through 2029 and Beyond?
Prominent firms in the athleisure market are focusing on producing eco-friendly or versatile garments, such as bio-based elastane sportswear, in order to cater to a sustainable fashion demand and increase their profitability. Bio-based elastane activewear uses materials sourced responsibly from nature to produce clothing which is both practical and gentle on the environment. For instance, in November 2022, PANGAIA, a UK-based lifestyle products and accessories brand, unveiled Activewear 3.0; a new generation of plant-based sportswear. This innovative series incorporates a 99.99% plant-derived EVO Nylon and 30% pioneering creora, a bio-based elastane crafted from industrial corn, culminating in a significantly bio-based product. The activewear collection features four main styles in three different color options and is engineered to merge natural elements with advanced technological procedures and eco-friendly chemicals to optimize fabric functionality.

What Are the Main Segments in the Athleisure Market?
The athleisuremarket 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

Subsegments:
1) By Mass: Budget-Friendly Athleisure Apparel, Affordable Performance Activewear, Sportswear For Everyday Use
2) By Premium: High-End Athleisure Brands, Luxury Activewear, Designer Sportswear, Performance Athleisure With Advanced Fabrics

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Which Top Companies are Driving Growth in the Athleisure Market?
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

Which Regions Will Dominate the Athleisure Market Through 2029?
North America was the largest region in the athleisure market in 2024. 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.

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