The Latest Activewear Industry Statistics Explained
The global activewear market was valued at $353.45 billion in 2020.
The statistic that the global activewear market was valued at $353.45 billion in 2020 signifies the total market size of the activewear industry worldwide. This figure represents the aggregate value of all activewear products sold globally across various categories such as sports apparel, footwear, and accessories during the year 2020. The substantial market value highlights the significant demand and consumer spending on activewear, reflecting a growing trend towards fitness, health-consciousness, and casualization of fashion. This statistic is crucial for businesses, investors, and policymakers to understand the scale and importance of the activewear market in the global economy and to make informed decisions related to market planning, investment strategies, and product development within the industry.
Asia Pacific region is expected to register the fastest growth in the market for activewear over 2021-2028.
The statistic indicates that the Asia Pacific region is projected to experience the most rapid expansion in the market for activewear from 2021 to 2028 compared to other regions. This growth trend suggests an increasing demand for activewear products such as athletic clothing and footwear in countries across Asia Pacific, driven by factors such as rising disposable incomes, changing lifestyles, and a growing emphasis on health and wellness. Companies operating in the activewear industry may seek to capitalize on this growth opportunity by expanding their presence in the Asia Pacific region and tailoring their product offerings to meet the evolving preferences of consumers in this market.
North America held the largest market share for activewear in 2020.
The statistic “North America held the largest market share for activewear in 2020” indicates that North America had the highest percentage of sales or revenue in the global activewear market compared to other regions during that year. This suggests that consumers in North America were significant contributors to the demand for activewear products, including sports attire, athleisure wear, and performance apparel. Factors such as a growing focus on health and fitness, increased adoption of activewear as daily casual wear, and a strong sports culture in the region likely contributed to North America’s dominant market position in the activewear industry. The statistic highlights the region’s importance as a key market for activewear brands and businesses looking to capitalize on the growing demand for activewear products.
The market for activewear is projected to grow at a CAGR of 4.6% from 2021 to 2028.
This statistic indicates that the market for activewear is expected to experience a Compound Annual Growth Rate (CAGR) of 4.6% from 2021 to 2028. Essentially, this means that the market is forecasted to steadily increase by an average of 4.6% each year over the specified period. This projection suggests that there is a growing demand for activewear products, possibly driven by trends towards health and wellness, athleisure wear, and increased participation in sports and fitness activities. Businesses operating in the activewear industry can use this information to make strategic decisions, such as expanding their product lines or entering new markets, to capitalize on this anticipated growth trajectory.
The online segment of Activewear witnessed significant growth during the pandemic in 2020.
The statistic indicates that the online segment of the Activewear industry experienced a substantial increase in sales and popularity during the COVID-19 pandemic in 2020. This growth can be attributed to several factors such as the closure of physical retail stores, consumers’ increasing preference for online shopping due to social distancing measures, and the rising demand for comfortable and functional clothing for at-home workouts. The shift towards online purchasing in the Activewear sector signifies a change in consumer behavior and highlights the importance of e-commerce platforms for retailers to adapt to changing market conditions and meet customer needs during times of crisis.
The women’s segment dominated the market in 2020.
The statistic stating that the women’s segment dominated the market in 2020 implies that women were the predominant consumers or target audience in the market for a particular product or industry during that year. This could indicate that women had the highest purchasing power, influence, or overall presence in that specific market compared to other demographic groups such as men. It suggests that companies or industries may have tailored their products, marketing strategies, or services to specifically target and capture the attention of female consumers in order to capitalize on this dominant segment. This statistic highlights the importance of understanding and catering to the preferences and needs of women in order to effectively compete and succeed in the marketplace.
Gym clothes/activewear market size in the USA was worth about 68 billion dollars as of 2021.
The statistic that the gym clothes/activewear market size in the USA was valued at around 68 billion dollars as of 2021 indicates the significant scale and economic importance of this industry within the country. This value reflects the total revenue generated by businesses involved in producing, selling, and distributing activewear for fitness and sports activities. The substantial market size suggests a high demand for gym clothing and activewear among consumers, highlighting the growing focus on health and fitness trends in the US market. This statistic also signifies the potential for growth and investment opportunities within the activewear sector, showcasing the strong consumer interest and purchasing power in this particular market segment.
Activewear brand Lululemon had a net revenue of about 4.4 billion U.S. dollars in 2020.
The statistic indicates that in the year 2020, the activewear brand Lululemon achieved a net revenue of approximately $4.4 billion in the United States. This figure represents the total amount of revenue generated by Lululemon after deducting any costs and expenses incurred. The high net revenue amount suggests that Lululemon experienced significant success in the market, likely due to factors such as strong customer demand for their products, effective marketing strategies, and successful product innovation. The statistic highlights Lululemon’s position as a major player in the activewear industry and underscores its financial strength and market influence.
The global sports and fitness clothing market is projected to reach around 231.7 billion U.S. dollars by 2024.
The statistic indicates that the global sports and fitness clothing market is forecasted to grow significantly, reaching approximately $231.7 billion by 2024. This projection suggests a substantial increase in market size and consumer spending on sports and fitness apparel over the coming years. Factors contributing to this growth may include rising health and fitness trends, increasing popularity of athleisure wear, and expanding participation in sports activities globally. Businesses operating in this market can anticipate lucrative opportunities for growth and innovation, driven by the growing demand for sports and fitness clothing products.
Worldwide sales of sports apparel reached 181.4 billion U.S. dollars in 2019.
The statistic indicates that the total value of sales in the sports apparel industry globally amounted to 181.4 billion U.S. dollars in the year 2019. This figure reflects the significant demand for sports apparel across various regions and highlights the industry’s substantial economic impact. The high sales figure suggests a strong consumer preference for sports-related clothing and accessories, indicating a robust market that continues to expand. This statistic provides valuable insights into the scale and importance of the sports apparel market on a global scale, illustrating its significant role within the broader retail industry.
The global athleisure market is projected to reach $517.5 billion by 2025.
The statistic that the global athleisure market is projected to reach $517.5 billion by 2025 indicates a significant growth trend in the market for athletic and leisure clothing. This projection suggests that consumer demand for comfortable, functional, and stylish athleisure wear is expected to continue to increase over the coming years. Factors such as changing consumer lifestyles, increasing awareness of health and fitness, and a growing preference for versatile clothing options that can be worn both during exercise and in everyday settings likely contribute to this projected market growth. As such, businesses within the athleisure industry may have opportunities for expansion and innovation to capitalize on this growing market segment.
Women’s activewear outpaced the rest of the fashion industry for three years running till 2019.
The statistic indicates that the sales performance of women’s activewear within the fashion industry exceeded that of other fashion categories consistently for three consecutive years leading up to 2019. This suggests that women’s activewear was experiencing higher growth rates, market demand, or consumer interest compared to other sectors of the fashion industry during this period. The consecutive outpacing of the rest of the fashion industry by women’s activewear suggests a trend where consumers were increasingly drawn towards functional and comfortable clothing options, representing a shift in preferences and priorities within the fashion market. This trend may have been driven by factors such as a growing focus on health and wellness, the rise of athleisure as a fashion trend, and the increasing popularity of activewear as everyday apparel choices for women.
The global yoga clothing market which is a part of activewear industry is projected to reach $47.8 billion USD by 2025.
The statistic regarding the global yoga clothing market projecting to reach $47.8 billion USD by 2025 indicates a significant growth opportunity within the activewear industry. This projection suggests a rising demand for yoga apparel, driven by factors such as increasing awareness of health and fitness, growing popularity of yoga as a form of exercise, and a shift towards athleisure fashion trends. The market expansion is likely to be fueled by advancements in fabric technology, innovative designs, and the emergence of sustainable and eco-friendly options. The strong market forecast underscores the continued importance of yoga clothing as a key segment within the broader activewear market, presenting opportunities for businesses to capitalize on this growing trend.
The sports and fitness clothing industry accounted for over 15% of the overall industry revenue in 2020.
The statistic that the sports and fitness clothing industry accounted for over 15% of the overall industry revenue in 2020 suggests that this sector plays a significant role in the overall financial performance of the industry. This statistic indicates that sports and fitness clothing products are in high demand, likely driven by factors such as an increased focus on health and wellness, lifestyle trends, and the popularity of athleisure wear. By contributing over 15% of the total revenue, the sports and fitness clothing industry demonstrates its importance and influence within the broader market, highlighting opportunities for growth and development in this sector.
The value of the sports apparel market in China is predicted to reach over 350 billion yuan in 2025.
The statistic suggests that the sports apparel market in China is expected to experience significant growth, with a forecasted value exceeding 350 billion yuan by the year 2025. This signifies a strong demand for sports apparel products among consumers in China and highlights the growing importance and popularity of sports-related activities in the country. The projected increase in market value indicates potential business opportunities for companies operating in the sports apparel industry and suggests a promising outlook for the market in the upcoming years.
The revenue of sport and athletic clothing stores in the U.S. amounted to approximately 46.87 billion U.S. dollars in 2020.
The statistic indicates that the total revenue generated by sport and athletic clothing stores in the United States reached around $46.87 billion in the year 2020. This figure reflects the substantial economic impact of the sportswear industry within the country, showcasing a strong consumer demand for athletic apparel. The high revenue generated by these stores suggests that there is a significant market for sportswear products in the U.S., driven by factors such as an increasing focus on health and fitness, changing fashion trends that incorporate athleisure wear, and sponsorship deals with sports teams and athletes. This statistic also highlights the potential growth opportunities within the sportswear retail sector and the importance of this industry within the broader retail landscape.
42% of consumers purchased more activewear in 2021 than in the previous year.
The statistic “‘42% of consumers purchased more activewear in 2021 than in the previous year” indicates that a significant portion of consumers increased their buying of activewear in 2021 compared to the previous year. This suggests a growing trend or interest in activewear among consumers during the specified time period. The increase in purchases could be attributed to various factors such as the rising popularity of athleisure wear, changes in lifestyle and preferences due to the COVID-19 pandemic, increased focus on health and fitness, or marketing strategies by activewear brands. This statistic could be valuable for businesses in the activewear industry to understand consumer behavior and make informed decisions regarding their product offerings and marketing strategies.
The average American spends about $1,141 per year on activewear clothing.
The statistic that the average American spends about $1,141 per year on activewear clothing indicates the annual expenditure individuals in the United States allocate towards purchasing athletic clothing specifically designed for physical activities or workouts. This figure reflects the consumer behavior and preferences towards incorporating activewear into their everyday wardrobes, highlighting the significance of health and fitness in American culture. The expenditure on activewear suggests a growing trend of prioritizing comfort and functionality in clothing choices, in line with a more active and health-conscious lifestyle that many Americans are adopting. Additionally, this statistic may also speak to the influence of fashion trends and marketing strategies within the activewear industry, impacting consumer spending patterns in this particular segment of the apparel market.
74% of Spanish consumers bought sports clothing in the last year, higher than the global average of 69%.
The statistic indicates that a higher percentage of Spanish consumers, specifically 74%, have purchased sports clothing within the last year compared to the global average of 69%. This suggests that sports clothing is more popular among Spanish consumers than on a global scale. The higher percentage in Spain may be influenced by various factors such as a strong interest in sports, a culture that values fitness and wellness, or the availability of a wide range of sports clothing options in the market. Marketers and retailers targeting Spanish consumers may find this information valuable for developing strategies to meet the demand for sports clothing in the country.
37% of adults globally have bought activewear items endorsed by celebrities or athletes.
The statistic ‘37% of adults globally have bought activewear items endorsed by celebrities or athletes’ indicates that a significant portion of the adult population worldwide has purchased activewear products specifically because they were promoted by well-known personalities. This statistic highlights the influence that celebrities and athletes have on consumer behavior when it comes to activewear purchases. It suggests that endorsements from popular individuals play a substantial role in shaping consumer preferences and decision-making, driving sales within the activewear industry. Additionally, this statistic underscores the importance of brand partnerships with celebrities and athletes in capturing a sizeable portion of the global activewear market.
References
0. – https://www.www.businessoffashion.com
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5. – https://www.www.globenewswire.com
6. – https://www.globalnews.ca
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