Sports Bras Market to grow at a CAGR of 12.8% during 2024-2028
The Sports Bras Market is expected to grow at a CAGR of 12.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 12870.7 million. The global sports bras market is witnessing a notable surge in demand for eco-friendly and sustainably sourced materials, with consumers increasingly prioritizing environmental considerations in their purchasing decisions. Brands such as Patagonia are leading this trend by utilizing recycled materials, like recycled polyester and nylon, in their sports bra designs. These materials are derived from post-consumer waste, including plastic bottles, and are transformed into high-performance fabrics, offering both sustainability and functionality. This shift towards eco-consciousness is set to redefine the sports bras market landscape.
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Technavio analysts predict that the Padded subsegment will lead the Type segment during 2024 and 2028 The Sports Bras market is experiencing significant growth due to increasing health consciousness and the rise in women's participation in sports and fitness activities. This trend is driving demand for high-performance, supportive, and comfortable sports bras. Market players are focusing on innovation, using advanced materials and technologies to cater to diverse consumer needs. The market is expected to continue its robust expansion in the forecast period.
Here are the various ways based on which the market is segmented:
Key Companies and Market Insights
Some of the key companies in the Global Sports Bras Market include:
There are several factors that are causing the market to flourish increased participation of women in sports and fitness activities
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
The Sports Bras market is experiencing a significant surge in demand due to the increasing focus on health and wellness, fitness, and comfort. Sustainability is a key trend in this market, with consumers seeking eco-friendly materials and production processes. Comfort is another essential factor, and compression, seamless designs, and moisture-wicking fabrics are popular features. Fabric technology plays a crucial role in sports bras, with advanced materials, anti-microbial treatments, and breathable mesh enhancing performance and functionality. Social media and fitness influencers have played a significant role in promoting sports bras, with celebrities endorsing size-inclusive, body-positive brands. Consumer interest in high-performance sports bras has led to the development of versatile garments that cater to various body types and fitness activities. Material costs and comfort trends continue to shape the market, with textile technology and moisture-wicking fabrics being key areas of innovation. The athleisure trend has further boosted the market, with sports bras being worn as fashion statements, not just for fitness activities. Aesthetics and functionality remain essential considerations, with consumers seeking stylish and comfortable options that meet their unique needs.
The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market segment is a significant part of the larger global textiles, apparel, and luxury goods industry, which generates revenue from manufacturers and marketers of textiles, apparel, accessories, footwear, and luxury goods. Key growth drivers for this market include the expanding working female population, whose increased disposable income contributes significantly to the demand for apparel, accessories, and luxury goods.
The Sports Bras Market is experiencing significant growth, fueled by the increased participation of women in sports and fitness activities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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