Fitness and Yoga Wear Market Size, Growth Analysis by Top Players 2021: Dynamics and Latest Trends with Global Industry Share, Business Development Plans and Strategies, CAGR and Revenue Forecast to 2030

In a recently published report, Fitness and Yoga Wear Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fitness and Yoga Wear Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

For multiple athletic activities such as jogging, hiking, surfing, dance, water aerobics, yoga, and cycling, sportswear is a clothing worn. In certain tasks, the activity-specific apparel is used for convenience, functional and health purposes. Fitness and yoga Apparel fabrics are the advanced lightweight materials that support the wearer during exercise. The market growth is primarily driven by increasing disposable income and rise in number of people specially women in fitness activities. Most of these people prefer comfortable, trendy ad quality wear while performing their activities and the rising disposable incomes supports them to buy fitness and yoga wear. Moreover, rising health consciousness among the working professionals due to the changing lifestyle and higher work stress has led people to adopt yoga activities which therefore increases the adoption of fitness and yoga wear. Furthermore, the major companies in the market are introducing products with enhanced comfort and vibrant colors to attract women who are the main consumers of the product.

Some technological advancements in the fitness and yoga wear include use of nanotechnology fabrics. For instance, DuPont Advanced Materials launched two garments in August 2017 based on DuPont Intexar, a smart athletic apparel platform at Salt Lake City, Utah, U.S. Both garments have capabilities to capture real-time body data such as real-time ECG depending on the wearer ‘s activities. In recent years, there has been a large growth in the number of women participating in physical events, such as yoga and zumba. For instance, according to the Bureau of Labor Statistics, around 19 percent of the U.S. population was engaged in sports and exercise each day in 2017. Male participation was higher (20.2 percent) than the participation rate of women (17.8 percent). This included participation in sports, exercise, and other active leisure activities.
The regional analysis of Global Fitness and Yoga Wear Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Owing to the emergence of Asia Pacific as a major manufacturing hub and the growth of e-commerce in the region, Asia Pacific is projected to hold a significant share of the global market during the forecast period (2020-2027).

Major market player included in this report are:
Nike, Inc.
Adidas AG
Under Armour, Inc.
The Columbia Sportswear Company
Puma SE
V.F.Corporation
Anta Sports Products Limited
Old Navy
Amer Sports Oyj
Mizuno Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product Type:
Organic Cotton
Recycled Materials
Others

By End-Use:
Professional Athletic
Amateur Sport

North America
U.S.
Canada
Europe
UK
Germany

Asia Pacific
China
India
Japan

Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Global Fitness and Yoga Wear Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Global Fitness and Yoga Wear Market, by Region, 2018-2026 (USD Billion)
1.2.2. Global Fitness and Yoga Wear Market, by Product Type, 2018-2026 (USD Billion)
1.2.3. Global Fitness and Yoga Wear Market, by End-Use, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fitness and Yoga Wear Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fitness and Yoga Wear Market Dynamics
3.1. Global Fitness and Yoga Wear Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Fitness and Yoga Wear Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Fitness and Yoga Wear Market, by Product Type
5.1. Market Snapshot
5.2. Global Fitness and Yoga Wear Market by Product Type, Performance – Potential Analysis
5.3. Global Fitness and Yoga Wear Market Estimates & Forecasts by Product Type 2016-2026 (USD Billion)
5.4. Global Fitness and Yoga Wear Market, Sub Segment Analysis
5.4.1. Organic Cotton
5.4.2. Recycled Materials
5.4.3. Others
Chapter 6. Global Fitness and Yoga Wear Market, by End-Use
6.1. Market Snapshot
6.2. Global Fitness and Yoga Wear Market by End-Use, Performance – Potential Analysis
6.3. Global Fitness and Yoga Wear Market Estimates & Forecasts by End-Use 2016-2026 (USD Billion)
6.4. Global Fitness and Yoga Wear Market, Sub Segment Analysis
6.4.1. Professional Athletic
6.4.2. Amateur Sport

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