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Market Overview of Global Leggings market:
According to our latest research, the global Leggings market looks promising in the next 5 years. As of 2022, the global Leggings market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
A legging is a type of clothes, which are a shape enhancing, skin tight piece of clothing covering the legs which is worn by both men and women. Leggings are considered to a comfortable clothing option and its length usually extend from ankle to knee. They are used as sportswear, work wear, and active wear and used by workers, riders, soldiers and sports person. Moreover, they are available in various design and lengths such as ankle-length, capri-length or mid-calf length, knee-length, footed, stirrup, joggings and many more. In addition, leggings and tights are very similar in that they are skin-tight garments that cover the legs and sometimes the waist. Leggings are much thicker, footless, and can sometimes be worn like pants. Tights are somewhat sheer, cover the foot.
Influence of COVID-19 Outbreak on Leggings Industry Development
In the specific environment based on the outbreak of COVID-19, the global economy has been significantly affected, resulting in challenges and opportunities for the development status of various industries. The report is based on the impact of COVID-19 and conducts research on the tights industry from different perspectives such as macroeconomics, industrial chains, and regions.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease (COVID-19) are already starting to be felt, and will significantly affect the tights market in 2020. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. During the epidemic, the resumption of work, operations, revenue targets, and industry development of the tights industry were all challenge.
First of all, marketing channel sales will be affected differently, the COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some tights enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
In addition, upstream and downstream interactions will lead to disruption of business. The epidemic will have a short-term impact on tights industry, but it is relatively limited. The transportation of raw materials and products is restricted, resulting in an increase in product inventory and a decrease in equipment operating rate. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in tights industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
Increasing demand
The growth of the leggings market can be attributed to several factors such as increasing disposable income along with changing lifestyle. Moreover, the growing number of working women coupled with easier accessibility of leggings in different patterns and fabrics such as ankle-length leggings, mid-calf length or capri-length leggings, knee-length leggings, and footed leggings among others, is anticipated to further contribute to the substantial growth of the USA leggings market.
Demand for leggings is expected to rise over the forecast period owing to is availability in all the sizes for all the age groups including men, woman, and kids, as well as in thousands of different patterns, lengths, and shades. Furthermore, leggings are widely available for plus size individual, which is expanding its customer base, thereby contributing to the market growth. Leggings are also considered as one of the most versatile bottom wear options in fashion today. People who like to wear light weight clothes as a bottom wear prefers leggings, instead of jean material.
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 USA leggings market.
Fierce competition
The USA leggings market is fragmented and competitive owing to a large number of manufacturers present globally. In order to sustain in the highly competitive market, major players are offering quality products at considerably lower cost. This could result into reduced profits, which is a factor restraining revenue growth of the target market. Besides, the USA leggings market is highly fragmented owing to presence of large numbers of manufacturers globally. The presence of numerous players that offers leggings at lower prices to attract price-sensitive customers poses a significant threat to the market. Despite steady sales, the market for leggings has failed to achieve its full potential owing to competitive pricing strategies applied by regional players. They have inundated the market with cheaper products forcing the bigger players to offer multipack merchandise at throwaway prices. This has posed a challenge to revenue growth which in turn is negatively impacting the market.
Company Overview:
Nike is one of the major players operating in the Leggings market, holding a share of 13.39% in 2023.
Nike
NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.
Adidas
Adidas has its roots in Germany but we are a truly global company. Around the world we employ over 59,000 people. Employees from about 100 nations are working at the global HQ in Herzogenaurach, Germany - the World of Sports'.
Segmentation Overview:
As for product types, the Nylon segment held the largest market share in 2022.
Application Overview:
By application, the Women segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Leggings market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Leggings Market Report:
Market Size Estimates: Leggings market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Leggings market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Leggings market
Segment Market Analysis: Leggings market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Leggings market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Leggings Market: Revenue and sales volume of major countries in each region
Leggings Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Leggings market in major regions.
Leggings Industry Value Chain: Leggings market raw materials & suppliers, manufacturing process, distributors, downstream customers
Leggings Industry News, Policies & Regulations
Key players in the global Leggings market are covered in Chapter 12:
Nike
Gymshark Ltd
Gym Leggings
Yoga Democracy
Danskin
wearcommando
Donna Karan New York
Under Armour
AEO
HUE
lululemon
Gildan Activewear Inc
Adidas
Hanesbrands Inc.
Calvin Klein
In Chapter 2 and Chapter 15.1, based on types, the Leggings market from 2018 to 2028 is primarily split into:
Cotton Spandex
Nylon
Other
In Chapter 3 and Chapter 15.2, based on applications, the Leggings market from 2018 to 2028 covers:
Cotton Spandex
Nylon
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Leggings market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028