Published Date: 5-Feb-2021
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According to a new report Global Sustainable Athleisure Market, published by KBV research, The Global Sustainable Athleisure Market size is expected to reach $126.9 billion by 2026, rising at a market growth of 10.5% CAGR during the forecast period.
The premium segment is likely to grow with the highest CAGR during the forecast years. The increasing awareness of customers toward sustainable and environment-friendly fashion has forced manufacturers to design new products and invest in research and development. This trend along with rising living standards and consumers’ preferences towards spending more on clean and ethical fashion is boosting the market for premium sustainable athleisure.
The shirt segment dominated the market and procured a substantial global revenue share in 2019. There is a high demand for sustainable athleisure shirts as they combine comfort and fashion. Various product launches by prominent brands in the segment will contribute to the growth of the segment.
The men segment dominated the market and gained a considerable global revenue share in 2019. The huge participation of men in outdoor physical activities and the demand for comfortable wear will boost the growth of this segment. Recently, athleisure has become an important aspect of lifestyle and consumers have been choosing athleisure wear due to the enhanced performance and flexibility that it provides.
North America is the biggest market for sustainable athleisure in 2019 and procured a major revenue share. The U.S. is one of the leading countries in North America when it comes to the funding in R&D of textile and ethical apparel material that is sustainably grown, or recycled materials utilizing low-impact processes like organic cotton. These factors are anticipated to bode well for the growth of the regional market during the forecast period. The Europe market would showcase a CAGR of 9.6% during (2020 - 2026). Additionally, The Asia Pacific market is estimated to grow at a CAGR of 12.6% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Konica Minolta, Inc. (Konica Minolta Healthcare Americas, Inc.), Koninklijke Philips N.V., RamSoft, Inc., Carestream Health, Inc., Ambra Health, UltraLinq Healthcare Solutions, Inc., VEPRO AG, Telemis S.A., INFINITT Healthcare Co. Ltd. and PostDICOM B.V.
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