Streetwear Market Size, Future Growth, Key Trends, 2032

Written by Sakshi Thakur  »  Updated on: July 11th, 2025

Streetwear Market Size, Future Growth, Key Trends, 2032

Market Overview:

According to Fortune Business insights Streetwear Market size was valued at USD 325.28 billion in 2023 and is expected to be worth USD 347.14 billion in 2024. The market is projected to reach USD 637.13 billion by 2032, recording a CAGR of 7.89% during the forecast period.

Streetwear is youth-inspired clothing that is highly popular among hip-hop enthusiasts and skateboarders. It is popular for its vibrant colors, bold logo graphics, and unconventional designs. Streetwear is also known for individual expression and synonymous with youth, rebellion, and creativity. Factors, such as the rising economic growth of various countries are projected to fuel the global market growth.


LIST OF KEY COMPANIES PROFILED IN THE REPORT

Nike (U.S)

Supreme (U.S.)

Stussy (U.S.)

BAPE (Japan)

Adidas (Germany)

Off-White (Italy)

Vetements (Switzerland)

Palace (U.K.)

RoaringWild (China)

Undercover (Japan)


Get a Sample of this Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/streetwear-market-110565


Segmentation:

Clothing Segment Dominated Market Due to Introduction of Novel Products

Based on product, the market is segmented into clothing, footwear, accessories, and others. The clothing segment accounted for the largest market share in 2023. Numerous key players are introducing novel products and partnering with influential celebrities to meet the growing demand for clothing, thereby driving the segment’s growth.

Men Segment Dominated Market Due to Prominent Players’ Focus On Expanding Their Reach

Based on end user, the market is segmented into men and women. The men's segment held the largest market share in 2023. Numerous prominent players are focusing on expanding their reach owing to the growing product demand, thereby driving the segment’s growth.

Offline Stores Segment Led Market Growth Due to Introduction of New Retail Stores Worldwide

Based on distribution channel, the market is segmented into offline stores and online stores. The offline segment held the highest share of the global market in 2023. Numerous prominent players are introducing new stores with an intent to expand their reach.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.


Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, products, end users, distribution channels, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.


Drivers and Restraints:

Increasing Number of Collaborations and Rising Need for Exclusive Products to Fuel Market Growth

Growing collaborations with influential celebrities, fashion designers, and various brands will fuel the demand for casual clothing. Key players are collaborating to reach new audiences, enter niche markets, and stand out in a competitive landscape. Limited-edition products are becoming popular among consumers, especially collectors and fashion enthusiasts. Several key players are also launching limited-edition products to increase sales and expand their offerings.

However, counterfeiters have been targeting casual clothing, leading to the widespread production and distribution of fake merchandise, thereby impeding the streetwear market growth.


To know more about this market, please visit:

https://www.fortunebusinessinsights.com/streetwear-market-110565


Regional Insights:

Asia Pacific Dominated Market Due to Increasing Fashion Trends in Region

Asia Pacific led the streetwear market in 2023 and is projected to maintain its dominance during the forecast period. Asian pop culture, such as K-pop, J-pop, and C-pop has been significantly promoting fashion trends in the region. Due to the increasing product demand, numerous key players intend to expand their presence in the region. These factors are driving the region’s market growth.

North America is projected to exhibit considerable growth during the forecast period due to the growing availability of comfortable and functional clothing, such as joggers, hoodies, and sneakers.


Competitive Landscape:

Companies to Focus On Innovative Technologies to Stay Competitive

The leading companies operating in this market are increasing their focus on launching various strategies to tackle the availability of counterfeit products. They are introducing security labels that allow consumers to verify the originality of their purchases. They are also launching innovative products and establishing strategic partnerships with other firms to strengthen their market position and remain competitive.


Notable Industry Development:

October 2022: Maison Menace, a premium casual clothing brand, unveiled its new F/W 22 offering. The new collection includes plush hoodies, logo-monogrammed balaclavas, and t-shirts.


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