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Global Tracksuit Market
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Global Tracksuit Market

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Global Tracksuit Market, By Product (Cotton, Fiber, Wool, and Others), End Use (Men, Women, and Kids), and Sales Channel (Hypermarket/supermarket, E-commerce, Brand Outlets, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

  • Published Date: October 2021
  • Report ID: BWC21115
  • Available Format: PDF
  • Page: 185

Report Overview

An increase in fitness-conscious population and an increase in consumers' preference for stylish athleisure are contributing to the growth of the global tracksuit market. However, unstable raw material prices and counterfeit products are hampering market growth.

Global Tracksuit Market Size - Industry Trends & Forecast Report 2027

Global tracksuit market was worth USD 8.7 Billion in 2020 and is further projected to reach USD 14.3 Billion by 2027, at a CAGR of 7.4% during 2021-2027 (forecast period). The growth of the global tracksuit market can be attributed to the increasing participation in sports and fitness activities. Additionally, an increase in fitness-conscious population and an increase in consumers' preference for stylish athleisure are contributing to the growth of the global tracksuit market. For instance, the popularity of tracksuits among female consumers has led to an increase in demand for fashionable athleisure products, thereby driving the global athleisure market. Furthermore, the acceptance of athleisure clothing as office wear has greatly impacted the growth of the entire market.

Global Tracksuit Market

Source: BlueWeave Consulting

Global Tracksuit Market Overview

A tracksuit is a sweatsuit worn by athletes, particularly runners, during training. It typically consists of a full-sleeved jacket and long pants. The best tracksuits are made from knitted cotton or nylon fabrics after cutting and stitching. Tracksuits are majorly donned by sportsmen but currently these are trending as casual wear as well. As designed, these kinds of fitness apparels provide comfort and agility during any kind of physical activity, be it jogging, walking, or working out at the gym. As they are made of fine material that allows sweat to evaporate faster, one can wear them for a longer period without the slightest discomfort.

Growth Drivers

Inclination towards healthy lifestyle

Tracksuits are becoming more popular among customers who follow healthy lifestyles and want comfortable and flexible clothes. Globally, the target market for tracksuits is the millennial generation, as Millennials tend to adopt a holistic approach to fitness. This section of society has made fitness an integral part of its daily routine. In light of millennials' perception of fitness, athletic brands have built an emotional connection with their customers. Moreover, such fitness-conscious customers are more likely to look for apparels that promotes an active lifestyle.

A higher standard of living and a higher level of disposable income

One of the factors contributing to the growth of the global tracksuit market is rising disposable income and advancement in the living standards in developing countries, such as China and India. Tracksuits market trends in emerging countries are driven by consumers' growing interest in health and fitness. Additionally, the market's growth is influenced by consumers' preference for athleisure products with a good blend of sports and fashion industries. Furthermore, many consumers are shifting towards tracksuits due to their easy availability in supermarkets and hypermarkets at affordable prices.

Restraint

The high price of athleisure brands is one of the restrictions in the global tracksuit market, which has contributed to the rise of counterfeit athleisure brands. Fake tracksuit brands are popular in underdeveloped economies where customers are price sensitive. This factor hampers the sales of existing original athleisure brands, impeding the growth of the tracksuits market. Moreover, the quality of counterfeit tracksuit brands is incredibly low and often causes safety concerns, resulting in poor customer feedback.

Impact of COVID-19 in the industry

The COVID-19-induced pandemic has had a negative influence on the global tracksuit market. Since people were confined to their homes during the nationwide lockdown imposed by different countries, the demand for tracksuits declined significantly worldwide. Additionally, the manufacturing process was adversely affected by a temporary shortage in the supply and a disruption in the supply chain. The price of products increased in 2020 because of high demand and low supply. However, with vaccination drives in full swing, the supply-demand gap will likely minimize, allowing import and export to resume.

Global Tracksuit Market: By Product

The global tracksuit market is segmented into Cotton, Fiber, Wool, and others based on product. Globally, cotton fabric dominates the tracksuits market and is likely to retain its dominance throughout the next few years. One reason contributing to the growth of this segment is its super absorbent properties. The cotton tracksuit absorbs a great deal of sweat and dries very quickly. This makes it ideal for moisture-wicking. However, due to high competition, cotton has started losing share to synthetic fibers such as polyester and polypropylene.

Global Tracksuit Market: By Sales Channel

Based on sales channel, the global tracksuit market can be grouped into Hypermarket/supermarket, e-Commerce, brand outlets, and others. The hypermarket/supermarket segment has captured a significant share in the global tracksuit market. Most grooming products are readily available at affordable prices in hypermarkets. Additionally, these stores offer both branded and private label tracksuits. As a result, the supermarket has a higher customer base than any other store. Walmart and Target are two of the biggest supermarket chains in the world.

Global Tracksuit Market – Regional Insights

The global tracksuit market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the region. Among these regions, North America dominated the market share and is likely to maintain its dominance even during the forecast period. The global tracksuit market is segmented into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America holds the largest market share among these regions and is likely to maintain its prominence even during the forecast period. Due to the significantly rising demand for tracksuits in the region’s sports industry, North America is one of the leading markets. To become more competitive and increase profitability, several key players in this region embrace development strategies such as business expansion and new product launches.

Recent Developments

August 2021 - Adidas announced it has entered into a deal to sell the brand to Authentic Brands Group (ABG) for €2.1 billion, which is roughly $2.5 billion at current exchange rates.

 

August 2021- In a recent announcement, Levi Strauss & Co. announced that it would acquire lifestyle apparel brand Beyond Yoga. This will be the company's first foray into the active wear market, slated to close in Q4 of 2021.

Competitive Landscape

The key players in the Global Tracksuit Market are Adidas AG, ASICS Corporation, HanesBrands Inc., H&M Hennes & Mauritz AB, Jack & Jones, Monte Carlo Fashions Ltd., Nike, Inc., Puma Se, Under Armour, Inc., and Wildcraft and other manufacturers. Business expansion and new product launches are some of the key developmental strategies adopted by the key players in the industry to increase profitability and gain a competitive edge in the market.

 

Scope of Report

 

 

Attribute Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia
Product/Service Segmentation By Product, By End-use, By Sales Channel, By Region
Key Players Key players for Global Tracksuit Market are Adidas AG, ASICS Corporation, HanesBrands Inc., H&M Hennes & Mauritz AB, Jack & Jones, Monte Carlo Fashions Ltd., Nike, Inc., Puma Se, Under Armour, Inc., Wildcraft and other key manufacturers.


By Product

  • Cotton
  • Fiber
  • Wool
  • Others

By End-Use

  • Men
  • Women
  • Kids

By Sales Channel

  • Hypermarket/supermarket
  • E-commerce
  • Brand Outlets
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

1. Research Framework

    1.1. Research Objective

    1.2. End Use Overview

    1.3. Market Segmentation

2. Research Methodology

    2.1. Qualitative Research

            2.1.1. Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

           2.3.1. Secondary Research

           2.3.2. Primary Research

    2.4. Breakdown of Primary Research Respondents, By Region

    2.5. Assumption & Limitation

3. Executive Summary

4. Global Tracksuit Market Insights

    4.1. DROC Analysis

           4.1.1. Growth Drivers

           4.1.2. Restraints

           4.1.3. Opportunities

           4.1.4. Challenges

    4.2. Recent Development

    4.3. Porter’s Five Forces Analysis

            4.3.1. Bargaining Power of Suppliers

            4.3.2. Bargaining Power of Buyers

            4.3.3. Threat of New Entrants

            4.3.4. Threat of Substitutes

            4.3.5. Intensity of Rivalry

   4.4 Value Chain Analysis

   4.5 Key Strategic Developments

5. Global Tracksuit Market Overview

    5.1. Market Size & Forecast by Value, 2017-2027

            5.1.1. By Value (USD Billion)

    5.2. Market Share & Forecast

            5.2.1. By Product

                5.2.1.1. Cotton

                5.2.1.2. Fiber

                5.2.1.3. Wool

                5.2.1.4. Others

            5.2.2. By End-Use

                5.2.2.1. Men

                5.2.2.2. Women

                5.2.2.3. Kids

           5.2.3. By Sales Channel

                5.2.3.1. Hypermarket/supermarket

                5.2.3.2. E-commerce

                5.2.3.3. Brand Outlets

                5.2.3.4. Others

             5.2.4. By Region

                 5.2.4.1. North America

                 5.2.4.2. Latin America

                 5.2.4.3. Europe

                 5.2.4.4. Asia Pacific

                 5.2.4.5. Middle East

                 5.2.4.6. Africa

6. North America Tracksuit Market

         6.1. Market Size & Forecast by Value, 2017-2027

              6.1.1. By Value (USD Billion)

         6.2. Market Share & Forecast

              6.2.1. By Product

              6.2.2. By End Use

              6.2.3. By Sales channel

              6.2.4. By Country

                       6.2.4.1. United States

                       6.2.4.2. Canada

7. Europe Tracksuit Market

       7.1. Market Size & Forecast by Value, 2017-2027

            7.1.1. By Value (USD Billion)

       7.2. Market Share & Forecast

            7.2.1. By Product

            7.2.2. By End-Use

            7.2.3. By Sales Channel

            7.2.4. By Country

                      7.2.4.1. Germany

                      7.2.4.2. Poland

                      7.2.4.3. Russia

                      7.2.4.4. Italy

                      7.2.4.5. France

                      7.2.4.6. United Kingdom

                      7.2.4.7. Spain

                      7.2.4.8. Rest of Europe

8. Asia Pacific Tracksuit Market

     8.1. Market Size & Forecast by Value, 2017-2027

             8.1.1. By Value (USD Billion)

     8.2. Market Share & Forecast

            8.2.1. By Product

            8.2.2. By End Use

            8.2.3. By Sales Channel

            8.2.4. By Country

                8.2.4.1. China

                8.2.4.2. India

                8.2.4.3. Japan

                8.2.4.4. Malaysia

                8.2.4.5. Singapore

                8.2.4.6. Rest of Asia Pacific

9. Latin America Tracksuit Market

    9.1. Market Size & Forecast by Value, 2017-2027

             9.1.1. By Value (USD Billion)

    9.2. Market Share & Forecast

             9.2.1. By Product

             9.2.2. By End Use

             9.2.3. By Sales Channel

             9.2.4. By Country

                 9.2.4.1. Brazil

                 9.2.4.2. Mexico

                 9.2.4.3. Rest of Latin America

10. Middle East & Africa Tracksuit Market

   10.1. Market Size & Forecast by Value, 2017-2027

         10.1.1. By Value (USD Billion)

    10.2. Market Share & Forecast

         10.2.1. By Product

         10.2.2. By End Use

         10.2.3. By Sales Channel

         10.2.4. By Country

             10.2.4.1. Saudi Arabia

             10.2.4.2. UAE

             10.2.4.3. South Africa

             10.2.4.4. Rest of Middle East & Africa

11. Competitive Landscape

     11.1. List of Key Players and Their Offerings

     11.2. Market/Ranking Share Analysis

     11.3. Competitive Benchmarking, By Operating Parameters

12. COVID-19 Impact

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

    13.1. Adidas AG

    13.2. ASICS Corporation

    13.3. HanesBrands Inc.

    13.4. H&M Hennes & Mauritz AB

    13.5. Jack & Jones

    13.6. Monte Carlo Fashions Ltd.

    13.7. Nike Inc.

    13.8. Puma Se

    13.9. Under Armour Inc

    13.10. Wildcraft

    13.11. Other manufacturers

 

14. Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

                  

 

List of Figures

 

 

Fig 1: Tracksuit Market Segmentation

 

Fig 2: Tracksuit Market Value Chain Analysis,

 

Fig 3: Company Market Share Analysis, 2020

 

Fig 4: Global Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 5: Global Tracksuit Market Share (%), By Product, By Value, 2017-2027

 

Fig 6: Global Tracksuit Market Share (%), By End Use, By Value, 2017-2027

 

Fig 7: Global Tracksuit Market Share (%), By Sales Channel, By Value, 2017-2027

 

Fig 8: Global Tracksuit Market Share (%), By Country, By Value, 2017-2027

 

Fig 9: North America Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 10: North America Tracksuit Market Share(%), By Product, By Value, 2017-2027

 

Fig 11: North America Tracksuit Market Share(%), By End Use, By Value, 2017-2027

 

Fig 12: North America Tracksuit Market Share(%), By Sales Channel, By Value, 2017-2027

 

Fig 13: North America Tracksuit Market Share(%), By Country, By Value, 2017-2027

 

Fig 14: Europe Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 15: Europe Tracksuit Market Share (%), By Product, By Value, 2017-2027

 

Fig 16: Europe Tracksuit Market Share (%), By End Use, By Value, 2017-2027

 

Fig 17: Europe Tracksuit Market Share (%), By Sales Channel, By Value, 2017-2027

 

Fig 18: Europe Tracksuit Market Share (%), By Country, By Value, 2017-2027

 

Fig 19: Asia-Pacific Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 20: Asia-Pacific, Tracksuit Market Share (%), By Product, By Value, 2017-2027

 

Fig 21: Asia-Pacific, Tracksuit Market Share (%), By End Use, By Value, 2017-2027

 

Fig 22: Asia-Pacific, Tracksuit Market Share (%), By Sales Channel, By Value, 2017-2027

 

Fig 23: Asia-Pacific Tracksuit Market Share (%), By Country, By Value, 2017-2027

 

Fig 24: Latin America Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 25: Latin America Tracksuit Market Share (%), By Product, By Value, 2017-2027

 

Fig 26: Latin America Tracksuit Market Share (%), By End Use, By Value, 2017-2027

 

Fig 27: Latin America Tracksuit Market Share (%), By Sales Channel, By Value, 2017-2027

 

Fig 28: Latin America Tracksuit Market Share (%), By Country, By Value, 2017-2027

 

Fig 29: Middle East & Africa Tracksuit Market Size, By Value (USD Billion), 2017-2027

 

Fig 30: Middle East & Africa Tracksuit Market Share (%), By Product, By Value, 2017-2027

 

Fig 31: Middle East & Africa Tracksuit Market Share (%), By End Use, By Value, 2017-2027

 

Fig 32: Middle East & Africa Tracksuit Market Share (%), By Sales Channel, By Value, 2017-2027

 

Fig 33: Middle East & Africa Tracksuit Market Share (%), By Country, By Value, 2017-2027

 

List of Tables

 

Table 34: Global Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 35: Global Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 36: Global Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

Table 37: Global Tracksuit Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 38: North America Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 39: North America Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 40: North America Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

Table 41: North America Tracksuit Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 42: Europe Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 43: Europe Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 44: Europe Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

Table 45: Europe Tracksuit Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 46: The Asia-Pacific Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 47: The Asia-Pacific Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 48: The Asia-Pacific Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

Table 49: The Asia-Pacific Tracksuit Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 50: Latin America Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 51: Latin America Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 52: Latin America Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

Table 53: Latin America Tracksuit Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 54: The Middle-East & Africa Tracksuit Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 55: The Middle-East & Africa Tracksuit Market Size, By End Use, By Value (USD Billion), 2017-2027

 

Table 56: The Middle-East & Africa Tracksuit Market Size, By Sales Channel, By Value (USD Billion), 2017-2027

 

 

Table 57: The Middle-East & Africa Tracksuit Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 58: Adidas AG Financial Analysis

Table 59: Adidas AG Business Overview

Table 60: ASICS Corporation Financial Analysis

Table 61: ASICS Corporation Business Overview

Table 62: HanesBrands Inc. Financial Analysis

Table 63: HanesBrands Inc. Business Overview

Table 64: H&M Hennes & Mauritz AB Financial Analysis

Table 65: H&M Hennes & Mauritz AB Business Overview

Table 66: Jack & Jones Financial Analysis

Table 67: Jack & Jones Business Overview

Table 68: Monte Carlo Fashions Ltd Financial Analysis

Table 69: Monte Carlo Fashions Ltd Business Overview

Table 70: Nike Inc. Financial Analysis

Table 71: Nike Inc. Business Overview

Table 72: Puma Se Financial Analysis

Table 73: Puma Se Business Overview

Table 74: Under Armour Inc. Financial Analysis

Table 75: Under Armour Inc. Business Overview

Table 76: Wildcraft Financial Analysis

Table 77: Wildcraft Business Overview

 

 

Market Segmentation

By Product

  • Cotton
  • Fiber
  • Wool
  • Others

By End-Use

  • Men
  • Women
  • Kids

By Sales Channel

  • Hypermarket/supermarket
  • E-commerce
  • Brand Outlets
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
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Frequently Asked Questions (FAQs):

Ans: The global tracksuit market reached USD 8.7 Billion in 2020.
Ans: An increase in fitness-conscious population and an increase in consumers' preference for stylish athleisure are contributing to the growth of the global tracksuit market.
Ans: The key players in the Global Tracksuit Market are Adidas AG, ASICS Corporation, HanesBrands Inc., H&M Hennes & Mauritz AB, Jack & Jones, Monte Carlo Fashions Ltd., Nike, Inc., Puma Se, Under Armour, Inc., Wildcraft and other key manufacturers.
Ans: Cotton accounted for the largest share in the global tracksuit market.
Ans: Based on sales channels, the hypermarket/supermarket segment is growing at a higher rate.