The Asia Pacific Dancewear Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
Dancewear refers to the clothing worn by dancers and is available in a variety of styles to accommodate various dancing forms. Dancewear is designed to suit both aesthetic and audience involvement requirements for the dance being performed. These garments have existed since the nineteenth century, but as fashion & trends have changed, numerous new forms of dancewear and textiles for their production have emerged. Shorts, pants, shirts, and other dancewear include tights, skirts, dance belts, arm warmers, dance, legwarmers, shoes, leotards, pointe shoes, unitards, shorts, pants, tutus, tops, & other dancewear. Dance outfits tailored for a specific dance form & worn specifically for dance events are included. Ballet, for example, necessitates the use of appropriate dance attire like a wrap-around ballet skirt, tights, leotard, & ballet slippers.
Popular dance events and shows, such as the Super Bowl, have an impact on market growth. Not only did the Super Bowl 2020 event sell Mahomes-inspired shirts, but also event-specific earrings & other merchandise. The market has risen at an exponential rate, creating profit pools for the established firms, who are employing a variety of techniques to rebalance their expansion. Dance fitness is a worldwide phenomenon and one of the most popular forms of exercise. In addition, at thrift or delivery stores, there is a huge demand for pre-owned clothing and shoes.
Southeast Asian music & performing arts, particularly dance traditions, have left a strong, rich legacy of artistry & aestheticism that has been broadly welcomed and admired around the world for centuries. For centuries, India has been a hotspot for classical and contemporary south-east Asian dance styles, which reflect the country's diverse history and culture. The main influences of religion and mythology have had a profound influence on the cultural variety and patterns in south-east Asian dance traditions, particularly ancient Indian dance traditions. Looking at the history of classical Indian dance styles like Kathak, Bharatanatyam, Mohiniyattam, Odissi, & Kuchipudi, it can be noticed that they've all been linked to Hindu temples and temple arts, with performers referred to as Devadasis (temple dancers) or Bayadères. All of these classical dance traditions arose from the belief that 'dancing' was a sign of prosperity for temples, and that mythological stories were told through the dancers' performances to educate people about the Gods' ways. More dance forms mean more opportunities for selling different types of dance costumes for dancewear companies.
The China market dominated the Asia Pacific Dancewear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.7 million by 2028. The Japan market is estimated to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.2% during (2022 - 2028).
Based on Product Type, the market is segmented into Bodywear, Footwear, and Accessories. Based on Distribution Channel, the market is segmented into Specialty Stores, Online Channels, Hypermarkets/Supermarkets, and Others. Based on End-user, the market is segmented into Women, Men, and Children. Based on Application, the market is segmented into Concerts, Theatre, Entertainment Industry, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Dancewear Market is Projected to reach USD 1.4 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ONWARD HOLDINGS Co., Ltd., Revolution Dancewear LLC, SF Dance Gear, Wear Moi Sas, Ballet Makers, Inc., BLOCH UK Ltd., Bullet Pointe, Flo Dancewear, and Grishko Dance s.r.o.
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