Market revenue in 2022 | USD 20,183.1 million |
Market revenue in 2030 | USD 35,665.1 million |
Growth rate | 7.4% (CAGR from 2022 to 2030) |
Largest segment | Mass athleisure |
Fastest growing segment | Premium Athleisure |
Historical data covered | 2017 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Mass Athleisure, Premium Athleisure |
Key market players worldwide | Hanesbrands Inc, Adidas AG, Under Armour Inc Class A, Lululemon Athletica Inc, Vuori, PANGAIA, Outerknown, Eileen Fisher, Patagonia, Pact |
Mass athleisure was the largest segment with a revenue share of 63.47% in 2022. Horizon Databook has segmented the Middle East & Africa athleisure market based on mass athleisure, premium athleisure covering the revenue growth of each sub-segment from 2017 to 2030.
The athleisure market in the region is at a nascent stage; it has immense growth potential owing to the presence of a large customer base that is young and wealthy and is attracted to the growing trend of sports as a leisure pursuit and a status symbol.
Many brands in the region are launching products in the athleisure wear category. Some of the well-known athleisure wear retailers in Dubai are Apparel, Alo Yoga, SS Sports, Noon, Amazon AE, Gulfissimo , and Tonic UAE.
Additionally, new market players are focused on fulfilling the latest fashion requirements of the local communities in countries such as the UAE and Saudi Arabia, which raises the growth potential of the market.
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