Technavio has been monitoring the yoga apparel market and it is poised to grow by USD 3.68 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Yoga Apparel Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the yoga apparel market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions-
- What are the major trends in the market?
- Innovations in yoga apparel leading to product premiumization is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 6%, the incremental growth of the market is anticipated to be USD 3.68 billion.
- Who are the top players in the market?
- adidas AG, Amer Sports Corp., ASICS Corp., Hanesbrands Inc., lululemon athletica Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., Under Armour Inc., and VF Corp. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing number of yoga practitioners is one of the major factors driving the market. However, the unpredictability of raw material prices restraints the market growth.
- How big is the North America market?
- The North America region will contribute 32% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, Amer Sports Corp., ASICS Corp., Hanesbrands Inc., lululemon athletica Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., Under Armour Inc., and VF Corp. are some of the major market participants. The growing number of yoga practitioners will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this yoga apparel market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Yoga Apparel Market 2020-2024: Segmentation
Yoga Apparel Market is segmented as below:
- Bottom Wear
- Top Wear
- North America
- South America
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Yoga Apparel Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The yoga apparel market report covers the following areas:
- Yoga Apparel Market Size
- Yoga Apparel Market Trends
- Yoga Apparel Market Analysis
This study identifies innovations in yoga apparel leading to product premiumization as one of the prime reasons driving the yoga apparel market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Yoga Apparel Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist yoga apparel market growth during the next five years
- Estimation of the yoga apparel market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the yoga apparel market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of yoga apparel market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Bottom wear Market size and forecast 2019-2024
- Top wear Market size and forecast 2019-2024
- Accessories Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Women Market size and forecast 2019-2024
- Men Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume Drivers Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- adidas AG
- Amer Sports Corp.
- ASICS Corp.
- Hanesbrands Inc.
- lululemon athletica Inc.
- Nike Inc.
- PUMA SE
- Ralph Lauren Corp.
- Under Armour Inc.
- VF Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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