NEW YORK, March 10, 2021 /PRNewswire/ -- The athleisure market is expected to grow by USD 80.74 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the athleisure market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases.
The athleisure market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2019. Download Free Sample Report
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Sports Footwear Market - Global sports footwear market is segmented by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), distribution channel (offline and online), application (outdoor sports footwear, sports-inspired footwear, and performance sports footwear), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Global Racket Sports Equipment Market - Global racket sports equipment market is segmented by product (tennis equipment, badminton equipment, and squash equipment) and geography (APAC, Europe, North America, South America, and MEA). Get an Exclusive Free Sample Report
Major Three Athleisure Market Participants:
adidas AG operates its business through segments such as Footwear, Apparel, and Hardware. The company offers affordable high-end athleisure wear such as the three-stripe motif and the Speedfactory athleisure collection designed by Stella McCartney. The Sella McCartney collection includes clothing for yoga, running, tennis, athleisure, and more. It also offers the Y-3 brand of athleisure along with other brands.
American Eagle Outfitters Inc.
American Eagle Outfitters Inc. operates its business through the Unified segment. Key products offered by the company include AERIE PLAY POCKET & CUFF LEGGING and AERIE MOVE PRINTED HIGH WAISTED LEGGING.
Columbia Sportswear Co.
Columbia Sportswear Co. operates its business through segments such as Apparel, accessories and equipment and Footwear. The company designs, develops, markets, and distributes footwear for men, women, and youth under the Columbia and SOREL brands.
The athleisure market is driven by the growing prominence of online shopping. In addition, other factors such as increasing adoption of fitness initiatives by corporate are expected to trigger the athleisure market toward witnessing a CAGR of over 4% during the forecast period.
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