With the emergence and long-term Impact of COVID-19, Global Tracksuit Market to reach USD 18077.26 Million by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Tracksuit Market is poised to raise up to USD 18077.26 Million by 2030. A tracksuit is a two-piece athletic outfit typically worn for sports or casual activities. It consists of a jacket or sweatshirt top and matching pants, both usually made of comfortable and stretchable fabric like polyester or cotton. The tracksuit market is expanding because of factors such as increasing number of sports activities and growing adoption of activewear. Tracksuits are designed to provide freedom of movement and comfort during physical activities.
They are often worn by athletes, joggers, and individuals engaging in exercise or sports-related activities. However, tracksuits have also become popular as a fashionable and casual outfit for everyday wear. Its importance has progressively increased during the last few decades. Also, rising technological advancements in tracksuits and increasing participation in fitness activities would create lucrative opportunities for the market. However, availability of counterfeit products stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Tracksuit market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of key market players from the sports industry in the region. According to Statista, the sports and swimwear market in the United States stood at USD 67.4 billion in 2021 and is estimated to reach up to USD 85 billion by 2026. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as an increasing number of athletes and rising number of sports events in the region.
The global Tracksuit market is highly competitive owing to the presence of several key manufacturers such as Adidas AG, ASICS Corporation, HanesBrands Inc., H&M Hennes & Mauritz AB, Jack & Jones, Monte Carlo Fashions Ltd., Nike Inc., and others.
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Key findings of the study suggest:
- Global Tracksuit Market is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2023-2030.
- In the Product segment, Cotton emerged out as the leading market segment in 2022.
- In the End Use segment, Men emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to the presence of key market players from the sports industry in the region.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Product
- Cotton
- Fiber
- Wool
- Others
End Use
- Men
- Women
- Kids
Sales Channel
- Supermarket/Hypermarket
- E-commerce
- Brand Outlets
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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