The global hoodies and sweatshirts market is anticipated to grow at a CAGR of 5.5% during the forecast period. Primary factor supporting to the market growth includes the growing demand for athleisure wear across the globe. The popularity of the athleisure trend, that encourages the combination of sports and casual clothing, immensely impacted the demand for sweatshirts and hoodies globally. The clothes in this category are comfortable and appropriate for both training and regular usage, rendering them perfect for individuals who are seeking an appropriate balance between style and effectiveness. Additionally, when comparing the categories of athleisure wear, such as top wear, bottom wear, and outerwear, it was found that during the pandemic, demand and spending for bottom wear, such as joggers, sweatpants, leggings, and shorts, has been increased significantly.
Browse the full report description of “Hoodies and Sweatshirts Market Size, Share & Trends Analysis Report by Material Type (Cotton, Wool, Leather, Fleece, and Others), and by Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialist Retailers, Clothing retail stores, and Online retail), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/hoodies-and-sweatshirts-market
Hence, owing to such rising demand and use, there is significant increase in the launch of new athleisure wear products along with the establishment of new athleisure brands across the globe. For instance, in August 2022, ONLY, a European fashion brand entered into the athleisure segment with the launch of a new category called ‘ONLY PLAY’. Further, in September 2021, Flipkart in collaboration with Puma Inc. launched an affordable range of athleisure clothing. Apart from this, in January 2023, Bollywood celebrity Akshay kumar launched its own athleisure brand named Force IX.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Material Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Gap Inc., Hanesbrands Inc., Levi Strauss & Co., Lululemon Athletica Inc., and New Balance Athletics, Inc., among others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Hoodies and Sweatshirts Market Report Segment
By Material Type
By Distribution Channel
Global Hoodies and Sweatshirts Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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