Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Dancewear Market size is expected to reach $1.4 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Bodywear segment acquired maximum revenue share in the Global Dancewear Market by Product Type in 2021, thereby, achieving a market value of $632.4 million by 2028. This is because consumers are opting for new bodywear varieties to keep up with current trends. Manufacturers are continuing to provide innovative bodywear goods to attract consumers' attention.
The Online Channels segment is showcasing a CAGR of 4.8% during (2022 - 2028). Technical advancements and the growing attention paid to online platforms for buying dancing equipment & accessories, particularly by bargain-hunting consumers, are the reasons behind the emergence of the online category. The main target demographic for online platforms is customers who are comfortable purchasing products without physically scrutinizing them. Most manufacturers have moved to direct sales via ecommerce websites to increase product sales & profit margins.
The Women segment is leading the Global Dancewear Market by End-user in 2021, thereby, achieving a market value of $743.8 million by 2028. Women account for more than half of the global dancewear industry's consumers, and demand for women's dancewear is higher than for other sectors. Women segment have different variety of dancewear as per the suitable occasion.
The Concerts market dominated the Global Dancewear Market by Application in 2021, thereby, achieving a market value of $441.2 million by 2028. Dance performed for an audience is known as concert dance (also called performance dance or theatre dance in the United Kingdom). It is usually choreographed and performed to set music and is presented in a concert setting. There is a clear distinction between the audience and the performer in this sort of setting.
The North America is the fastest growing region in the Global Dancewear Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $499.2 million by 2028. The Europe market is estimated to witness a CAGR of 4.5% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 5.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/dancewear-market/
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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