A leggings are the type of clothes covering leg, usually extending from the ankle to the knee are by soldiers, riders, workers, etc. Leggings are used as sportswear, active wear, and work wear, and are considered to be relatively comfortable as a clothing option. The global Leggings Market is estimated to value at approximately US$ 29 Bn in 2018, and is expected to register a CAGR of 6.3%.
Global Leggings Market: Market Dynamics
Demand for leggings is expected to continue to rise over the forecast period owing to factors such as easy availability of leggings in various designs and materials such as ankle-length leggings, mid-calf length or capri-length leggings, knee-length leggings, stirrup leggings, footed leggings, jeggings, etc. In addition, leggings offered by major players in various ranges on the basis of size is further driving demand for such products and is expected to drive the growth of the global leggings market.
Moreover, growing westernization trend and rapid urbanization in developing countries such as India, Indonesia, etc., is expected to result into high adoption of leggings. In addition, increasing number of working women, coupled with rising preference for leggings among these consumers is another factor expected to drive growth of the target market over the forecast period.
Furthermore, Availability of leggings for men, women, and kids as well as increasing awareness about availability of maternity leggings, and plus size leggings for large or obese individuals is resulting in expanding customer base, and this trend is expected to continue over the next few years, and is another factor estimated to drive growth of the market.
Analysis By Segmentation:
The market report has been segmented on the basis of material type, end user, and region/country. The material type segment includes cotton spandex, nylon, leather, and others. The end user segment includes men, women, and kids. The regions/countries covered in the analysis include US, Europe, China, Japan, India, Latin America, Middle East & Africa, and Rest of the World.
By Material Type: The nylon segment is expected to account for highest revenue share contribution as compared to other type segments, and is expected to register a CAGR of over 6% between 2018 and 2023
By End User: The women segment is projected to account for highest revenue share as compared to that of other end user segments, and register a CAGR of over 7% over the forecast period
By Region/Country: The market in Europe accounted for highest revenue share in the global leggings market in 2017. The market in Rest of the World is projected to register highest CAGR of over 6.5% in the global market over the forecast period.
Global Leggings Market: Competitive Analysis
The research report on the global leggings market include profiles of some of major companies such as Nike, Inc., adidas AG, Under Armour, Inc., American Eagle Outfitters, Inc., COFRA Holding AG (COFRA GROUP), Li Ning Company Limited, Xtep International Holdings Ltd., 361 Degrees International Limited, GOLDWIN INC., ANTA Sports Products Limited, Gymshark Ltd., Varley Clothing Limited, Shosho Fashion, Spanx, Inc., CSP International Fashion Group S.p.A., Lysse, Beauty Fashion Textile, Jockey International, Inc., Dollar Industries Limited, and PVH Corp.
The Global Leggings Market: Industry, Size, Share, Growth, Trends, and Forecast, 2018–2023 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global leggings market for 2017–2023.
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