Hoodies and Sweatshirts Market
Hoodies and Sweatshirts Market Size, Share & Trends Analysis Report by Material Type (Cotton, Wool, Leather, Fleece, and Others), and by Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialist Retailers, Clothing retail stores, and Online retail), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Hoodies and sweatshirts market is anticipated to grow at a CAGR of 5.5% during the forecast period. The market growth is attributed to factors such as the increasing demand for sweatshirts for special festivals and occasions. Thus, to cater such rising demand the key market players are also adopting new strategies, such as reviewing their products as per the demand in the market and others. For instance, in November 2022, The Gap Inc. planned to revive its Dap sweatshirt style. The pattern is offered in 3 different colourways including red, yellow, and forest green, which are the major component of the limited-edition collection. The 4th pattern introduced involves houndstooth pattern in a mustard colour.
Segmental Outlook
The hoodies and sweatshirts market is segmented based on material type, and distribution channel. Based on material type, the market is sub-segmented into cotton, wool, leather, fleece, and others. Furthermore, based on distribution channels, the market is sub-segmented into hypermarkets and supermarkets, convenience stores, specialist retailers, clothing retail stores, and online retail. Among the material type, the fleece manufacturer sub-segment is expected to grow at a considerable CAGR over the forecast period. The segmental growth is attributed to the increasing demand for polyester shielding fabric, that retains body heat and shields wearers from the winter cold.
The Cotton Sub-Segment is Projected to Experience a Substantial Growth of the Global Hoodies and Sweatshirts Market
Among the material type, the cotton sub-segment is anticipated to hold a prominent market share of the global hoodies and sweatshirt market. The growth is attributed to the growing demand for branding and customization activities of sweatshirts across the globe. There are several benefits of branding hoodies and sweatshirts, which includes increased brand awareness, strengthen brand identification, adaptable, cost-effective, and offers personalized/ versatile touch. Thus, the market players are also focusing on creating customized and personalized products in order to cater to the rising demand. For instance, in April 2023, Czar Clothing launched extreme customized hoodies. These hoodies are designed with high quality fabrics, eco-friendly materials and unique print designs. high quality fabrics, eco-friendly materials and unique print designs.
Regional Outlook
The hoodies and sweatshirts market is analysed based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, North America is projected to experience a prominent growth over the forecast period, driven by the growing popularity of athletic endeavours which has increased the demand for clothes from nations such as the US and Canada. For instance, in June 2023, Gap and Dapper Dan have collaborated to create a new line of Dap hoodies and launched in US. The latest limited-edition release includes a reinvented logo and four plaid colours.
Global Hoodies and Sweatshirts Market Growth by Region 2023-2030
The Asia-Pacific region is Anticipated to Hold a Significant Share in the Hoodies and Sweatshirt Market
Among all the regions, the Asia-Pacific region is anticipated to hold a significant share of the hoodies and sweatshirt market during the forecast period. The regional market growth is attributed to the increased e-commerce and online retailing demand which has bolstered the assesability and accessibility of hoodies across the region. According to the State of Fashion, engaging with social commerce formats, such as those on livestream channels in China, provides companies with insights that are useful when applied to other countries and platforms. As per the same source, China attracted around 14 million views which generated the sales of 1,300 hoodies, after holding a livestream. Additionally, the country witnesses approximately 176 Specific market traits such as long-standing consumer tolerance with in-application purchasing.
Market Players Outlook
The major companies serving the global hoodies and sweatshirt market include Gap Inc, Hanesbrands Inc., Levi Strauss & Co., Lululemon Athletica Inc, New Balance Athletics, Inc among others. These market players are considerably contributing to market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive. For instance, in August 2022, The UNRL partnered with Vikings, which will include 6 brand-new sweatshirts as a part of the Hometown Collection Volume II.
Further, in July 2022, RTFKT and Nike launched AR Genesis Hoodie. It is the 1st hoodie produced in collaboration with RTFKT Studios, a Web3 fashion and antiques company that Nike Sportswear officially acquired. The hoodie allows Clone X avatars and real-life holders to wear owing to the augmented reality (AR) technology. The hoodie was created for the future and has an NFC chip that enables wireless communication between the hoodie and the digital asset.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hoodies and sweatshirts market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Nike, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Puma Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Skechers USA Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Hoodies and Sweatshirt Market by Material Type
4.1.1. Cotton
4.1.2. Wool
4.1.3. Leather
4.1.4. Fleece
4.1.5. Others
4.2. Global Hoodies and Sweatshirt Market by Distribution Channel
4.2.1. Hypermarkets and Supermarkets
4.2.2. Convenience Stores
4.2.3. Specialist Retailers
4.2.4. Clothing Retail Stores
4.2.5. Online Retail
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Abercrombie & Fitch Stores, Inc.
6.2. Adidas India Marketing Pvt. Ltd.
6.3. Amer Sports Corp.
6.4. Columbia Sportswear Co.
6.5. F21 Ipco, LLC
6.6. Gap Inc
6.7. Hanesbrands Inc.
6.8. Levi Strauss & Co.
6.9. Lululemon Athletica Inc.
6.10. New Balance Athletics, Inc.
6.11. Patagonia, Inc.
6.12. Pvh Corp.
6.13. Ralph Lauren Media LLC
6.14. Redbubble Inc.
6.15. Under Armour Inc.
6.16. Uniqlo Co. Ltd.
1. GLOBAL HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
2. GLOBAL COTTON HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL WOOL HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL LEATHER HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL FLEECE HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL OTHER MATERIAL HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
8. GLOBAL HOODIES AND SWEATSHIRT BY HYPERMARKETS AND SUPERMARKETS MARKETS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL HOODIES AND SWEATSHIRT BY CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL HOODIES AND SWEATSHIRT BY SPECIALIST RETAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL HOODIES AND SWEATSHIRT BY CLOTHING RETAIL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL HOODIES AND SWEATSHIRT BY ONLINE RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
17. EUROPEAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. EUROPEAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
19. EUROPEAN HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
23. REST OF THE WORLD HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. REST OF THE WORLD HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
25. REST OF THE WORLD HOODIES AND SWEATSHIRT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
1. GLOBAL HOODIES AND SWEATSHIRT MARKET SHARE BY MATERIAL TYPE, 2022 VS 2030 (%)
2. GLOBAL COTTON HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL WOOL HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL LEATHER HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL FLEECE HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL OTHER MATERIAL HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL HOODIES AND SWEATSHIRT MARKET SHARE BY DISTRIBUTION CHANNEL, 2022 VS 2030 (%)
8. GLOBAL HOODIES AND SWEATSHIRT BY HYPERMARKETS AND SUPERMARKETS MARKETS MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL HOODIES AND SWEATSHIRT BY CONVENIENCE STORES MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL HOODIES AND SWEATSHIRT BY SPECIALIST RETAILERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL HOODIES AND SWEATSHIRT BY CLOTHING RETAIL STORES MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL HOODIES AND SWEATSHIRT BY ONLINE RETAIL MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL HOODIES AND SWEATSHIRT MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. US HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
16. UK HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD HOODIES AND SWEATSHIRT MARKET SIZE, 2022-2030 ($ MILLION)
