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Written by Mohit singh » Updated on: October 17th, 2024
Australia Sportswear Market Overview
Base Year: 2023
Market Size in 2023: USD 2.09 Billion
Market Size in 2032: USD 3.74 Billion
Market Growth Rate: 6.30% (2024-2032)
A combination of factors such as growing health awareness, the rise of active lifestyles, as well as the increasing popularity of fitness activities are responsible for the growth of the Australia sportswear market. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.30% from 2024 to 2032.
Download sample copy of the Report: https://www.imarcgroup.com/australia-sportswear-market/requestsample
Australia Sportswear Industry Trends and Drivers:
A combination of factors such as growing health awareness, the rise of active lifestyles, as well as the increasing popularity of fitness activities are responsible for the growth of the Australia sportswear market. Additionally, the market is propelling owing to the high demand for comfortable, high-performance sportswear. Besides this, major brands are responding by offering apparel that combines functionality with style, owing to both professional athletes and everyday fitness enthusiasts.
The athleisure trend, where sportswear is worn not only for workouts but also as casual everyday fashion, has further fueled market expansion. Moreover, the surge of e-commerce and online retail platforms has made sportswear more accessible, allowing consumers to easily explore a wide range of products and brands. A significant trend in the Australia sportswear market is the growing focus on sustainability as well as eco-friendly materials. In addition to this, consumers are increasingly demanding products that are performance-driven and environmentally responsible.
Furthermore, brands are incorporating sustainable materials like recycled polyester and organic cotton into their designs and adopting ethical manufacturing practices. Apart from this, the integration of technology into sportswear, such as moisture-wicking fabrics, temperature regulation, and smart clothing with fitness-tracking capabilities, is enhancing the consumer experience.
Personalized and data-driven product offerings, which provide tailored solutions based on individual needs, are also gaining traction. As these trends continue, the Australia sportswear market is expected to see sustained growth in the coming years, driven by innovation, changing consumer preferences, and the blending of performance and lifestyle elements in sportswear design.
Australia Sportswear Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Australia sportswear market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
The report has segmented the market into the following categories:
Category Insights:
Distribution Channel Insights:
End User Insights:
Regional Insights:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
Street: Morgan Park QLD 4370
City/Town: Warwick
State/Province/Region: Queensland
Country: Australia
Zip/Postal Code: 4370
Email: [email protected]
Phone Number: +1-631-791-1145
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