Athleisure Market Size & Share Report, 2022-2029
Athleisure Market
Athleisure Market size reached USD 265.9 billion in 2021 and is estimated to reach USD 460.3 billion in 2029 and the market is estimated to grow at a CAGR of 7.1%.
The factors driving the growth of Athleisure Market includes rising consumers inclination towards adopting healthy lifestyles, increase in the number of gyms and fitness centers around the world, growing demand for comfortable and fashionable activewear. According to the report published by Statista, the revenue generated by Health and Fitness clubs in the United States was calculated around USD 33.72 billion in 2020 and is predicted to reach USD 36.59 billion by the end of 2022, which will accelerate the Athleisure Market share in the approaching years. Moreover, increasing popularity of athleisure at workplace and colleges, growing influence of social media platforms, availability of wide range of athleisure clothes at the e-commerce platforms and rise in the launch of innovative products, are some of the additional factors supplementing the Athleisure Market Growth. In addition, the increasing investments by leading players on research and development, rise in women’s participation in the sports and fitness events, rapid urbanization, and growing population growth rates, are further propelling the Athleisure Market size.
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However, the growth of Athleisure Market is hindered attributed to variations in the prices of raw materials.
The leading players operating in the market are Columbia Sportswear Company, Gap Inc., Lululemon Athletica, Puma SE, Nike, Inc., Adidas AG, JD Sports Fashion Plc, Under Armour, Inc., Asics Corporation, and Founder Sport Group, among other companies.
Based on Gender, the Female segment is predicted to expand at a remarkable CAGR during the forecast period
As per the Athleisure Market Trends, increasing availability of fashion-fitness wear at the outlets, rise in the number of female sports players, are some of the factors responsible for the segment’s growth.
Based on Distribution Channel, the Online Stores segment is projected to capture the largest market share over the forecast period
According to the Athleisure Market Analysis, availability of wide variety of athleisure products at online platforms, growing trend of online shopping and rising internet penetration rates, are propelling the segment’s growth.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
As per then Athleisure Market Report, increasing number of sports and fitness events, rise in the launch of innovative apparels, expansion of health and wellness industry, growing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Development
In 2020, JD Sports collaborated with the payment platform, Laybuy Group Holdings Limited to offer its online customers in the United Kingdom ‘buy now, pay later’ service. This helped to enhance the customer service portfolio of the company.
In 2019, Puma SE collabroated with Amazon.com, Inc. to launch a new athleisure brand, Care Of. This brand includes men’s and women’s wear, which comprise of 50 styles ranging from T-shirts and leggings to sneakers and outerwear.
In 2018, Founder Sport Group completed the acquisition of Teamwork Athletic Apparel, one of the leading manufacturers of in-stock and custom athletic uniforms. This acquisition will enhance the product portfolio of Founder Sport Group.
Market Segmentation
Segmentation by Product
Sneakers
Joggers
Leggings
Hoodies
Others
Segmentation by Gender
Male
Female
Segmentation by Distribution Channel
Supermarkets & Hypermarkets
Brand Outlets
Online Stores
Others
Segmentation by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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