Global Athleisure Market to be US$80.74 by 2020-2024
12 June 2021: Set to grow by USD 80.74 billion during 2020-2024, Technavio’s latest market research report estimates the athleisure market to register a CAGR of over 4%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources.
The market is fragmented and the degree of fragmentation will accelerate during the forecast period. adidas AG, American Eagle Outfitters Inc., Columbia Sportswear Co., H & M Hennes & Mauritz AB, lululemon athletica Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., and VF Corp. are some of the major market participants. The growing prominence of online shopping will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
To help businesses improve their market position, the athleisure market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include adidas AG, American Eagle Outfitters Inc., Columbia Sportswear Co., H & M Hennes & Mauritz AB, lululemon athletica Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., and VF Corp. The report also covers the following areas: Athleisure Market size, Athleisure Market trends, Athleisure Market industry analysis. Increasing adoption of fitness initiatives by corporate is likely to emerge as one of the primary drivers of the market.