The global activewear market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2024–2031). The growth of the activewear market, especially post-covid-19, is fueled by rising demand and sales of retail e-commerce globally. For instance, as per Invest India, the Indian e-commerce industry has been on an upward growth trajectory. In FY 2022-23, the Government e-marketplace (GeM) registered its highest ever Gross Merchandise Value of $2,011.0 billion. GeM achieved a cumulative GMV of more than $5,377.0 billion by July 2023 (since inception). Wherein, electronics and apparel made up nearly 70.0% of the e-commerce market, when evaluated against transaction value. Other new upcoming categories within e-commerce include ed-tech, hyperlocal, and food-tech.
Browse the full report description of “Active wear Market Size, Share & Trends Analysis Report by Product Type (Tops & T-Shirts, Sweatpants & Yoga Pants, Skirts & Skorts, Tracksuits, and Sweatshirts/Jacket). by Material Type (Cotton, Polyester, Neoprene, Polypropylene, and Spandex). by Gender (Male, Female, and Unisex). and by Sales Channel (Online, and Offline). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/activewear-market
Moreover, according to a report from the Ministry of Foreign Affairs and Trade Promotion, Europe, the ecommerce segment of fashion and clothing was expected to grow at a compound annual rate of 10.6% from $481.0 billion in 2017 to over $713.0 billion by 2022. This growth is mostly driven by the expansion of global markets. Currently, China is the leading fashion consumer in terms of revenue, whereas Asia is likely to experience significant development due to greater online access and smartphone usage.
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Product Type
o By Material Type
o By Gender
o By Sales Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape Includes- Nike, Inc., PUMA SE, Adidas America, Inc., Under Armour, Inc., and Lululemon Athletica Inc.
Key questions addressed by the report
Global Activewear Market Report Segment
By Product Type
By Material Type
By Gender
By Sales Channel
Global Activewear Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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