Tracksuit Market to Grow with a CAGR of 7.7% Globally through 2028
Rising health and fitness awareness and advancements
in textile technology are driving the Global Tracksuit Market in the forecast
period 2024-2028.
According to TechSci Research report, “Global Tracksuit
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Tracksuit Market stood at USD 10.54 Billion
in 2022 and is anticipated to grow with a CAGR of 7.7% in the forecast period,
2024-2028. The global tracksuit market has undergone significant transformation
and growth, emerging as a versatile and popular clothing segment that
transcends its original athletic purpose. This market has experienced notable
changes driven by shifts in consumer preferences, the athleisure trend, and the
adoption of sustainable practices, among other factors. In this overview, we
will explore five key aspects of the global tracksuit market. Historically,
tracksuits were designed for athletes, offering comfort, flexibility, and
moisture-wicking properties. However, over the years, tracksuits have evolved
to become a symbol of casual wear, no longer confined to the gym or sports
fields. This shift is mainly attributed to the athleisure trend, which has
blurred the lines between sportswear and everyday fashion. Tracksuits now
represent a blend of comfort and style, appealing to a wide range of consumers
who value versatility and functionality in their clothing.
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One of the primary drivers of the tracksuit market's
growth is the athleisure trend. Athleisure encompasses the fusion of athletic
wear with casual attire. It emphasizes comfort, functionality, and a sporty
aesthetic, which aligns with the modern lifestyle's emphasis on health and
wellness. This trend has led to the proliferation of tracksuits as a fashion
statement, allowing individuals to seamlessly transition from workout sessions
to various daily activities. The appeal of athleisure tracksuits lies in their
ability to provide comfort while maintaining a stylish appearance, making them
a sought-after choice for consumers of all ages. As global concerns about
environmental sustainability grow, the tracksuit market has responded by
incorporating eco-friendly materials and manufacturing processes. This shift is
in line with the broader sustainable fashion movement. Many tracksuit brands
are using organic and recycled materials in their designs, reducing their
environmental impact. Sustainable tracksuits not only cater to environmentally
conscious consumers but also reflect a commitment to ethical practices
throughout the supply chain. As sustainability continues to be a priority for
consumers, the market will likely see further integration of eco-friendly
options.
Advancements in textile technology have played a
significant role in the growth of the tracksuit market. These innovations have
resulted in tracksuits that offer enhanced performance and comfort. Features
such as moisture-wicking, odor control, and enhanced breathability are now
common in tracksuits, catering to the needs of athletes and fitness
enthusiasts. Smart textiles that can monitor various aspects of the wearer's
health are also gaining popularity in tracksuits. Additionally, technology has
enabled the use of sustainable fabrics and manufacturing processes, aligning
with the industry's growing eco-consciousness.
The rise of e-commerce and online retailing has
greatly expanded the reach of the tracksuit market. Online platforms offer
consumers a convenient and accessible way to browse and purchase tracksuits
from various brands. The appeal of online shopping lies in its ease of use,
allowing consumers to compare prices, read reviews, and access a wide array of
tracksuit options. Moreover, many brands have capitalized on e-commerce to
promote and sell their tracksuits directly to consumers. Smaller and independent
tracksuit labels can also reach a global audience through online marketplaces,
further diversifying the market and making it a pivotal segment of the fashion
industry.
In conclusion, the global tracksuit market has
undergone a notable transformation, driven by the athleisure trend,
sustainability initiatives, technological advancements, and the growth of
e-commerce. Tracksuits have evolved to cater to modern consumers who value both
comfort and style, and they have become a staple in many wardrobes. As consumer
preferences continue to change and the industry adapts to new trends, the
tracksuit market is expected to remain a vibrant and essential part of the
global fashion landscape.
The Global Tracksuit Market is segmented into material,
end user, sales channel, regional distribution, and company.
Based on material the market is segmented into cotton,
fiber, wool, and others. The Global Tracksuit Market has witnessed a
significant upsurge in the demand for cotton tracksuits in recent years. Cotton
tracksuits have gained popularity due to their exceptional comfort and
breathability. Consumers appreciate the natural feel of cotton against their
skin and its ability to provide enhanced air circulation, making it the ideal
choice for a variety of activities. Moreover, the growing emphasis on
sustainability has further fueled the demand for cotton tracksuits as they
align with eco-conscious consumer preferences, given that cotton is a
biodegradable and environmentally friendly material. Based on end user market
is segmented into men, women, and kids. Based on sales channel the market is
segmented into hypermarkets/supermarkets, multi branded stores, online and others.
Based on region the market is segmented into five regions, North America,
Europe, Asia Pacific, Middle East & Africa, and South America.
Major companies operating in Global Tracksuit
Market are:
- Adidas AG
- H&M Hennes & Mauritz AB
- Hanes Brands Inc.
- Monte Carlo Fashions Ltd.
- Wildcraft.
- Jack & Jones
- Under Armour, Inc
- Puma Se
- Nike, Inc.
- ASICS Corporation
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“Growing emphasis on sustainable and eco-friendly
tracksuits is a significant trend that is expected to have an impact on growth
over the forecasted period. Increasing focus on health and fitness, advancements
in textile technology and celebrity endorsements will positively impact the
Global Tracksuit Market. Due to the wide range of products available to meet
specific needs of, as well as the growing popularity of the online sales
channel, the market is growing at impressive rate through projected period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Tracksuit
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Material (Cotton, Fiber, Wool, Others), By End User (Men, Women,
Kids), By Sales Channel (Hypermarkets/Supermarkets, Multi Branded Stores,
Online, Others), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Tracksuit 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 Tracksuit Market.
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