Hoodies and Sweatshirts Market to see Rapid Growth by 2029

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. 

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. 

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Market Coverage

                 The market number available for – 2022-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

                 By Material Type

                 By Distribution Channel

Regions Covered-

                 North America

                 Europe

                 Asia-Pacific

                 Rest of the World

Competitive Landscape- includes Gap Inc., Hanesbrands Inc., Levi Strauss & Co., Lululemon Athletica Inc., and New Balance Athletics, Inc., among others

A full Report of Hoodies and Sweatshirts Market is Available @  https://www.omrglobal.com/industry-reports/hoodies-and-sweatshirts-market

Hoodies and Sweatshirts Market Report Segment

By Material Type

                 Cotton

                 Wool

                 Leather

                 Fleece

By Distribution Channel

                 Hypermarkets and Supermarkets

                 Convenience Stores

                 Specialist Retailers

                 Clothing retail stores

                 Online retail

 Hoodies and Sweatshirts Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles

                 Abercrombie & Fitch Stores, Inc.

                 Adidas India Marketing Pvt. Ltd.

                 Amer Sports Corp.

                 Columbia Sportswear Co.

                 F21 Ipco, LLC

                 Gap Inc

                 Hanesbrands Inc.

                 Levi Strauss & Co.

                 Lululemon Athletica Inc.

                 New Balance Athletics, Inc.

                 Patagonia, Inc.

                 Pvh Corp.

                 Ralph Lauren Media LLC

                 Redbubble Inc.

                 Under Armour Inc.

                 Uniqlo Co. Ltd.

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