Press Release

Women’s Sports & Swimwear Market to Grow with a CAGR of 6.24% Globally through 2028

The global sports and swimwear market is experiencing steady growth driven by increasing fitness awareness, fashion trends, and innovation in materials, offering diverse options for consumers worldwide.

 

According to TechSci Research report, “Global Women’s Sports & Swimwear Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Women’s Sports & Swimwear Market stood at USD 91.4 billion in 2022 and is anticipated to grow with a CAGR of 6.24% in the forecast period, 2024-2028. The Global Women's Sports & Swimwear Market is marked by dynamic trends and challenges. Major drivers include fitness awareness, athleisure popularity, and technological advancements. Sustainability and inclusivity are crucial trends, as consumers seek eco-friendly and size-inclusive options. Online shopping's convenience is expanding the market. However, challenges like supply chain disruptions, counterfeiting, and competition require strategic solutions. Adapting to these trends while addressing challenges is vital for market success, as it continues to evolve in response to consumer demands for fashionable, sustainable, and functional activewear and swimwear.

 

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The Global Women's Sports & Swimwear Market is experiencing dynamic growth driven by various compelling factors. A fundamental driver is the increasing global awareness of health and fitness, with more individuals embracing active lifestyles. This shift in mindset has translated into a heightened demand for sportswear and swimwear that not only offer exceptional functionality but also seamlessly blend comfort and style. Athleisure, the fusion of athletic and casual wear, has become a dominant trend, expanding the market's reach as consumers seek versatile activewear suitable for both workouts and everyday wear.

Technological advancements in materials and textiles are another pivotal driver. Innovative fabrics like moisture-wicking materials, compression wear, and sustainable textiles have enhanced the comfort, performance, and eco-friendliness of sports and swimwear. Smart textiles integrated with sensors and wearables have gained popularity, allowing users to monitor their physical performance and health metrics, enhancing the overall fitness experience.

Fashion trends also significantly influence the market, with consumers increasingly seeking trendy and stylish designs in sportswear and swimwear. Collaborations between sports brands and renowned fashion designers, celebrities, and influencers have propelled the market further. These collaborations yield limited-edition collections that strike a balance between performance and aesthetics, attracting fashion-conscious consumers.

Globalization and the rise of e-commerce have transformed the market, allowing consumers to access a vast array of sports and swimwear products from around the world. The convenience of online shopping, along with features like virtual try-ons and user reviews, has broadened market reach and accessibility. Smaller, niche sportswear and swimwear brands can now compete on a global scale, fostering innovation and diversity within the market.

Inclusivity is another key driver, with consumers increasingly seeking products that cater to diverse body types, gender identities, and cultural backgrounds. Brands are responding by expanding size ranges, offering gender-neutral options, and adopting inclusive marketing practices. The market has also seen a surge in specialized sportswear designed for specific activities like yoga, running, and swimming, providing optimal support and functionality.

Lastly, sustainability is a driving force in the industry. As environmental consciousness grows, consumers are actively seeking eco-friendly and sustainable activewear and swimwear options. Brands are responding by incorporating recycled materials, organic cotton, and responsible manufacturing processes into their products. Sustainability extends beyond materials to encompass ethical and eco-conscious practices throughout the supply chain.

In conclusion, the Global Women's Sports & Swimwear Market is thriving due to a multifaceted set of drivers. The convergence of fitness awareness, technological innovation, athleisure trends, fashion-consciousness, globalization, inclusivity, and sustainability are shaping a dynamic industry that continues to evolve to meet the ever-changing demands of consumers seeking fashionable, functional, and eco-friendly activewear and swimwear. Market players must navigate these drivers strategically to remain competitive and responsive to consumer preferences.

The online segment of the Global Women's Sports & Swimwear Market is surging as consumers increasingly prefer the convenience of digital shopping. Online platforms offer a vast selection, virtual try-on options, and access to global brands. The COVID-19 pandemic further accelerated this trend as more consumers turned to e-commerce. Brands and retailers are investing in robust online experiences, making it a pivotal growth driver in the market, with continued expansion anticipated in the future.

 

Major companies operating in Global Women’s Sports & Swimwear Market are:

  • Adidas AG
  • Fila Korea Corporation
  • Asics Corporation
  • Columbia Sportswear Company
  • Lululemon Athletica, Inc.
  • New Balance, Inc.
  • Under Armour, Inc.
  • Puma SE
  • Adidas AG
  • Nike, Inc. 

 

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“The Global Women's Sports & Swimwear Market is thriving due to increasing fitness awareness, athleisure trends, technological advancements, and the growing emphasis on sustainability. Fashion-conscious consumers are seeking stylish activewear, while online shopping's convenience has expanded the market's reach. Inclusivity, specialized sportswear, and sustainability practices are also shaping the industry. Collaborations between sports and fashion brands further boost market growth. To remain competitive, brands must navigate these trends and address challenges like supply chain disruptions and counterfeiting.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Women’s Sports & Swimwear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material Type (Synthetic, Cotton, Polyester, Others), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi Branded Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Women’s Sports & Swimwear Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Women’s Sports & Swimwear Market.

 

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Women’s Sports & Swimwear Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material Type (Synthetic, Cotton, Polyester, Others), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Multi Branded Stores, Online, Others), By Region, By Competition, 2018-2028

Consumer Goods and Retail | Oct, 2023

The global sports and swimwear market is experiencing steady growth driven by increasing fitness awareness, fashion trends, and innovation in materials, offering diverse options for consumers worldwide.

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