Leggings Market Size, Share, Growth & Industry Trends [2031]
Leggings Market Size, Share, Growth & Industry Trends [2031]
Segments - Leggings Market by Material Types (Spandex, Cotton, Nylon, and Leather), End-users (Women, Men, and Kids), and Regions (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-4337
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| 212 Pages
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Report Description
The global leggings market size was valued at USD 32.89 Billion in 2022 and is expected to reach USD 57.97 Billion by 2031, expanding at a CAGR of around 6.5% during the forecast period, 2023 – 2031. Leggings are style of garments used as a skin tight piece of clothes covering the legs. These pieces of clothes are typically made to extend from ankle joint to knee, which are available for both men and women. They are used as garment, work wear, and active wear for staff, riders, troopers, and sports persons.
Leggings can be available in numerous styles and lengths such as ankle-length, capri-length or mid-calf length, footed, stirrup, joggings, and lots of additional shapes. Leggings are widely available in-stores and convenience stores, which offer attractive discounts to attract customers searching in supermarkets. Various e-commerce websites are offering different types and styles of the clothes from several consumer goods brands to make easy for consumers to browse their smart phones and select items of their choice. To remain intact in the market, leading players are banking upon several business development strategies such as quality merchandise, solid distribution chains, strategic partnerships, and complete recall to enhance their market share and expand their client base.
Market Trends, Drivers, Restraints, and Opportunities
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Growing disposable income of a large number of the population as well as their changing lifestyle and taste for different clothing styles are key factors driving the market.
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Increasing sport events and offering quality merchandise of the clothing style at low price due to high competitive valuation are another key drivers of the market.
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Wide introduction of anti-sweat and anti-bacterial leggings is anticipated to propel the market in the coming years.
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Fluctuating prices of needed raw materials is a major challenge that can hamper market growth.
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R&D programs in the apparel industry and rising demand for the clothing due to increasing number of health-conscious population are offering key growth opportunities of the market.
Scope of Leggings Market Report
The report on the global leggings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Leggings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016-2021 |
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Forecast Period |
2023-2031 |
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Segmentation |
Material Types (Spandex, Cotton, Nylon, and Leather) and End-users (Women, Men, and Kids) |
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Regional Scope |
Asia Pacific, Europe, North America, Middle East & Africa, and Latin America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Nike Inc.; Under Armour Inc.; American Eagle Outfitters Inc.; Adidas AG; Li Ning Company Limited; Jockey International Inc.; Xtep International Holdings Ltd.; Spanx Inc.; Beauty Fashion Textile; and COFRA Holding AG (COFRA GROUP) |
Global Leggings Market Segment Insights
Nylon segment to account for a large market share
Based on material types, the global leggings market is segregated into spandex, cotton, nylon, and leather. The nylon segment is expected to account for a large market share in the coming years owing to wide adoption of nylon for the production of leggings. Moreover, increasing development of several types of nylon offering excellent properties such as high Ñ•mооthnеѕѕ, lightweight, quÑ–Ñk dry, and wrinkle resistance present another key driver of the segment.
Availability of different legging designs for women
In terms of end-users, the market is fragmented into women, men, and kids. The women segment accounted for a key market share in 2020 and is projected to continue its dominant trend during the forecast period owing to wide availability of different legging designs for women. Moreover, high awareness among women consumers regarding the ever-changing fashion and clothing style along with their increasing disposable income push to the segment growth.
Europe to dominate the market
On the basis of regions, the global leggings market is categorized as Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Europe is a key region for the market and is projected to dominate the market owing to the presence of a large number of customers who are well-aware of fashionable clothing items. Followed by Asia Pacific, the region accounted for a high revenue share in the market and is expected to hold a large market share during the forecast period owing to the growing adoption of leggings used in sports activities. The rising number of participants in sports and physical activities in the region are increasing substantially, with China as a leading market in the region.
Segments
The global leggings market has been segmented on the basis of
Material Types
- Spandex
- Cotton
- Nylon
- Leather
End-users
- Women
- Men
- Kids
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
Key Players
- Nike Inc.
- Under Armour Inc.
- American Eagle Outfitters Inc.
- Adidas AG
- Li Ning Company Limited
- Jockey International Inc.
- Xtep International Holdings Ltd.
- Spanx Inc.
- Beauty Fashion Textile
- COFRA Holding AG (COFRA GROUP)
Competitive Landscape
The key market players competing in the global leggings market are Nike Inc., Under Armour Inc., American Eagle Outfitters Inc., Adidas AG, Li Ning Company Limited, Jockey International Inc.; Xtep International Holdings Ltd.; Spanx Inc.; Beauty Fashion Textile; and COFRA Holding AG (COFRA GROUP). Several measures are taken by key players in developing product variants to increase their market share and gain traction within the market. Other strategic adopted by players include acquisitions, product launches, R&D programs, agreements, and collaborations to expand their market share. For example, Jockey International, as a major player, has been offering a collection of premium clothing products as well as presently has a widespread variety of in-stores and access to online platforms.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Leggings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Leggings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Leggings Market - Supply Chain
4.5. Global Leggings Market Forecast
4.5.1. Leggings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Leggings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Leggings Market Absolute $ Opportunity
5. Global Leggings Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Leggings Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Leggings Demand Share Forecast, 2019-2026
6. North America Leggings Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Leggings Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Leggings Demand Share Forecast, 2019-2026
7. Latin America Leggings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Leggings Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Leggings Demand Share Forecast, 2019-2026
8. Europe Leggings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Leggings Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Leggings Demand Share Forecast, 2019-2026
9. Asia Pacific Leggings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Leggings Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Leggings Demand Share Forecast, 2019-2026
10. Middle East & Africa Leggings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Leggings Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Leggings Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Leggings Market: Market Share Analysis
11.2. Leggings Distributors and Customers
11.3. Leggings Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Nike Inc.
11.4.2. Under Armour Inc.
11.4.3. American Eagle Outfitters Inc.
11.4.4. Adidas AG
11.4.5. Li Ning Company Limited
Methodology
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