The global Sustainable Athleisure market size is expected to be worth around US$ 117.5 billion by 2028, according to a new report by Vision Research Reports.
The global Sustainable Athleisure market size was valued at US$ 79.44 billion in 2020 and is anticipated to grow at a CAGR of 5.01% during forecast period 2021 to 2028.
The market is driven by the growing popularity of sustainable clothing and activewear made using environmentally safe practices among the millennial population across the world.
The young generation as well as the working-class population demand not only a large variety of apparel, but also innovative designs and functionality. Manufacturers are launching new products with durable and high-quality material, which can be used in various activities, including yoga, cycling, running, mountain climbing, snowboarding, skiing, sailing, and other sporting activities.
First-time buyers of sustainable athleisure intend to portray a specific image in society as people that are receptive to the concept of sustainability in clothing. Manufacturers of sustainable athleisure principally target this set of shoppers in a bid to turn them into brand-loyal customers. Furthermore, most of these customers do not mind paying a premium for apparel that they value ethically as well as on the fashion front.
The mass segment led the market and accounted for nearly 64.02% share of the global revenue in 2020. The mass market for athleisure wear is growing at a steady pace owing to numerous product launches by domestic and regional players. Moderate pricing for athleisure wear and the inclination of millennials toward sustainability bode well for the segment growth. Consumers prefer clothing that is comfortable, convenient, and fashionable at the same time and athleisure wear fits the criteria.
The premium segment is likely to expand at the fastest CAGR over the forecast period. The growing consciousness of customers toward sustainable and environment-friendly fashion has compelled manufacturers to come up with new products and focus more on research and development. This trend, coupled with improving living standards and consumers’ willingness to spend more on ethical and clean fashion, is driving the market for premium sustainable athleisure.
The shirt segment led the market and accounted for a 35.2% share of the global revenue in 2020. There is an increased demand for sustainable athleisure shirts as they integrate comfort and fashion. Product launches by leading brands in the segment have been contributing to its growth. For instance, Filemot, a sustainable brand based in Mumbai, India, launched its signature men’s shirt made from recycled textiles in December 2019.
The yoga pant segment is expected to expand at the highest CAGR over the forecast period. The presence of a large number of domestic and regional players has significantly driven the segment over the years. The participation of women in sports and outdoor activities has increased in recent years. Players have been looking to cater to this growing consumer base, which bodes well for the segment growth.
The men segment led the market and accounted for 57.7% share of the global revenue in 2020. The higher participation of men in outdoor physical activities and their subsequent demand for comfort wear have been driving this segment. has increasingly become a lifestyle in recent years and consumers have been opting for athleisure wear owing to the improved performance and flexibility that it offers.
The women segment is expected to expand at the highest CAGR over the forecast period. The influx of regional and domestic brands solely dedicated to women’s sustainable clothing has been driving this segment. Furthermore, initiatives taken by manufacturers such as new product launches, collaborations, and expansions into new markets, coupled with innovations in sustainable athleisure wear, have been fueling the segment growth.
The offline distribution channel led the market and accounted for 72.5% share of the global revenue in 2020. Consumers prefer purchasing sustainable athleisure wear from offline stores as they offer quality products in an exhaustive range of patterns, sizes, colors, designs, and materials. This is the primary factor in driving the segment growth.
Online distribution channels for the sale of sustainable athleisure are expected to witness the fastest growth from 2020 to 2027 owing to the increasing dependence of generation X, millennials, and generation Z on the internet. The growing online availability of athleisure wear that combines comfort and fashion and can help consumers make a style statement is also boosting the segment growth.
North America emerged as the largest regional market for sustainable athleisure in 2020 and accounted for 34.2% share. The U.S. is one of the key countries in North America when it comes to investments in research & development of and ethical apparel materials that are sustainably grown, or recycled materials using low-impact processes such as organic cotton. Such factors are expected to have a positive influence on the growth of the North American market over the forecast period.
Under Armour Inc.
Distribution Channel Outlook
Central & South America
Middle East & Africa
The Sustainable Athleisure market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Sustainable Athleisure market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Sustainable Athleisure market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sustainable Athleisure market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sustainable Athleisure market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Sustainable Athleisure capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Sustainable Athleisure by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sustainable Athleisure market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sustainable Athleisure market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sustainable Athleisure market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Sustainable Athleisure industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Sustainable Athleisure market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sustainable Athleisure market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sustainable Athleisure market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sustainable Athleisure market. These factors have benefited the growth of the global market for Sustainable Athleisure. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sustainable Athleisure. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Sustainable Athleisure are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: