The global dancewear market was valued at $1,089.7 million in 2020, and is estimated to reach $1,689.6 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Dancewear is a type of apparel and footwear that is available in many different colors, fabrics, fabrics, sizes, and styles that are ideal for a certain range of dance genres. Dancewear consists of dance outfits that are designed for different dance genres and are worn especially for dance events and concerts. Itis designed to suit aesthetic demands while also increasing involvement in the dance being performed. Fashion trends have developed, and various new designs of dancewear and fabrics have been manufactured to meet consumer demands. Dancewear includes skirts, tights, arm warmers, dance belts, dance shoes, legwarmers, pointe shoes, leotards, unitards, tutus, shorts, pants, and shirts. Premium materials used to produce dancewear include chiffon, satin, fake fur, sequins, stretch lace, nylon, spandex, velvet, and georgette. The major purpose of choosing premium textiles is to provide comfort, flexibility, and an enhanced appearance to the dancewear.
Consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. The lifestyle change is negatively impacting the health of people and is becoming a major cause of health concerns such as obesity and cardiovascular illness. The response to this aforementioned problem is to adapt a healthy lifestyle by initiating dance and dancing activities. To address such issue, companies are coming up with promotion to adapt dancing activities in an individual’s daily life. Moreover, manufacturers are launching new clothing in different sizes for every individual to target every audience.
Digital traceability has evolved as a means of assisting garment manufacturers in combating counterfeiting, demonstrating their environmental and ethical credentials, and differentiating themselves in a competitive industry. Through providing each product a distinct digital identity-a digital twin-its whole life cycle can be tracked on the unchangeable blockchain, from raw material to development &sale, and ultimately resale &recycling, based on the demands of the brand. Supply chains are notorious for their complexity, with a wide network of manufacturers, storage, transportation depots, communication routes, and logistic providers, all of which manage their databases and operations. Blockchain connects the garment supply chain to a real-time data stream, replacing distributed data with a single, digital ledger viewable to all authorized stakeholders. This enables merchants to create more client supply chains that place a premium on verification and trust. Therefore, blockchain technology is expected to increase the sales of authentic dancewear products and boost the growth of the dancewear market.
The global dancewear market is segmented into product type, application, end user, distribution channel, and region. On the basis of type, the market is categorized into bodywear, footwear, and accessories. By application, it is segregated into theatres, concerts, entertainment Industry, and others. Depending on end user, it is fragmented into men, women, and children. As per distribution channel, it is differentiated into specialty stores, online channels, hypermarkets/supermarkets, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
Players operating in the global dancewear market have adopted various developmental strategies to expand their dancewear market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ballet Makers, Inc, Bloch International, Bullet Pointe, LLC, Flo Dancewear Pty. Ltd, Grishko Dance S.R.O, Onward Holdings Co., Ltd., Provins Business Co. Ltd., Revolution Dancewear, LLC, SF Dancegear Waterloo, and Wearmoi Dancewear.
Dancewear is a type of apparel and footwear that is available in many different colors, fabrics, fabrics, sizes, and styles that are ideal for a certain range of dance genres. Dancewear consists of dance outfits that are designed for different dance genres and are worn especially for dance events and concerts. Itis designed to suit aesthetic demands while also increasing involvement in the dance being performed. Fashion trends have developed, and various new designs of dancewear and fabrics have been manufactured to meet consumer demands. Dancewear includes skirts, tights, arm warmers, dance belts, dance shoes, legwarmers, pointe shoes, leotards, unitards, tutus, shorts, pants, and shirts. Premium materials used to produce dancewear include chiffon, satin, fake fur, sequins, stretch lace, nylon, spandex, velvet, and georgette. The major purpose of choosing premium textiles is to provide comfort, flexibility, and an enhanced appearance to the dancewear.
Consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. The lifestyle change is negatively impacting the health of people and is becoming a major cause of health concerns such as obesity and cardiovascular illness. The response to this aforementioned problem is to adapt a healthy lifestyle by initiating dance and dancing activities. To address such issue, companies are coming up with promotion to adapt dancing activities in an individual’s daily life. Moreover, manufacturers are launching new clothing in different sizes for every individual to target every audience.
Digital traceability has evolved as a means of assisting garment manufacturers in combating counterfeiting, demonstrating their environmental and ethical credentials, and differentiating themselves in a competitive industry. Through providing each product a distinct digital identity-a digital twin-its whole life cycle can be tracked on the unchangeable blockchain, from raw material to development &sale, and ultimately resale &recycling, based on the demands of the brand. Supply chains are notorious for their complexity, with a wide network of manufacturers, storage, transportation depots, communication routes, and logistic providers, all of which manage their databases and operations. Blockchain connects the garment supply chain to a real-time data stream, replacing distributed data with a single, digital ledger viewable to all authorized stakeholders. This enables merchants to create more client supply chains that place a premium on verification and trust. Therefore, blockchain technology is expected to increase the sales of authentic dancewear products and boost the growth of the dancewear market.
The global dancewear market is segmented into product type, application, end user, distribution channel, and region. On the basis of type, the market is categorized into bodywear, footwear, and accessories. By application, it is segregated into theatres, concerts, entertainment Industry, and others. Depending on end user, it is fragmented into men, women, and children. As per distribution channel, it is differentiated into specialty stores, online channels, hypermarkets/supermarkets, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
Players operating in the global dancewear market have adopted various developmental strategies to expand their dancewear market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ballet Makers, Inc, Bloch International, Bullet Pointe, LLC, Flo Dancewear Pty. Ltd, Grishko Dance S.R.O, Onward Holdings Co., Ltd., Provins Business Co. Ltd., Revolution Dancewear, LLC, SF Dancegear Waterloo, and Wearmoi Dancewear.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dancewear market analysis from 2020 to 2030 to identify the prevailing dancewear market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dancewear market segmentation assists to determine the prevailing dancewear market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dancewear market trends, key players, market segments, application areas, and dancewear market growth strategies.
Key Market Segments
By Product Type
- Bodywear
- Footwear
- Accessories
By Application
- Theatres
- Concerts
- Entertainment Industry
- Others
By End User
- Men
- Women
- Children
By Distribution Channel
- Specialty Stores
- Online Channels
- Hypermarkets/Supermarkets
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Rest of LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
Key Market Players
- PROVINS BUSINESS CO., LTD
- REVOLUTION DANCEWEAR, LLC
- SF DANCE GEAR
- WEAR MOI DANCEWEAR
- BALLET MAKERS, INC
- BLOCH INTERNATIONAL
- BULLET POINTE, LLC
- FLO DANCEWEAR PTY. LTD.
- GRISHKO DANCE S.R.O.
- ONWARD HOLDINGS CO. LTD
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DANCEWEAR MARKET, BY PRODUCT TYPE
CHAPTER 5: DANCEWEAR MARKET, BY APPLICATION
CHAPTER 6: DANCEWEAR MARKET, BY END USER
CHAPTER 7: DANCEWEAR MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: DANCEWEAR MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Dancewear Market,' the dancewear market size was valued at $1.1 billion in 2020, and is estimated to reach $1.7 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030. Dancewear is a type of clothing and footwear that comes in a variety of colors, fabrics, materials, sizes, and designs that are suitable for a certain range of dance genres. It is designed to suit aesthetic requirements while also increasing involvement in the dance is performed.It has grown in popularity not just among mainstream superstars performing at events but also for dance schools, fitness studios, and Zumba classes. Dancewear is no longer restricted to old-fashioned garments worn just for dancing, it has been launched in athletic style, body fit designs, and enhanced textiles that may be worn for exercising and yoga activities. The dancewear industry has grown extremely competitive as many important companies are eager to introduce new trends, and fashion design start-ups are investing in dancewear in a variety of colors and styles. The availability of dancewear in a variety of vibrant colors, printed designs, geometric designs, increased fabric flexibility &comfort, ballet dancewear, customization of costumes, similar designs to those worn by mainstream dancers, and the availability of several artist collections have all contributed to the development of new dancewear market trends. Leading businesses are spending more on sustainable processes and higher quality dancewear. For instance, Zarely, a dancewear business, created a range of geometric patterns, asymmetric tops, a combination of classic & modern dancewear, and athleisure wear that can be worn as dancewear and any other occasion. The availability of high quality dancewear products is expected the fuel the dancewear market demand.
However, the availability of counterfeit products affects the overall apparel industry and dancewear market growth. Counterfeits might lead to governments refusing to spend for fear of losing product protection. Moreover, they have a significant influence on companies since premium brands acquire their distinction from their reputation as well as the restricted amount accessible. Counterfeits contaminate the supply with similar-looking items of lesser quality and are not created with the same attention. Businesses suffer from a lack of IPR (Intellectual Property Rights) protection in more ways than one. It is not only a direct loss of income but also a loss of brand image. The use of a brand's trademark attracts consumers to come and purchase the product at a very low price, as individuals are able to acquire the product that costs 5 to 10 times more in the market. A trademark is a company's most precious asset, and counterfeit items take advantage of it. As a result, the growth of the dancewear sector is declining, and it may only revive if the government prohibits the sale of counterfeit goods.
The global dancewear market is segmented into product type, application, end user, distribution channel, and region. On the basis of type, the market is categorized into bodywear, footwear, and accessories. By application, it is segregated into theatres, concerts, entertainment Industry, and others. As per end user, it is fragmented into men, women and children. Depending on distribution channel, it is differentiated into specialty stores, online channels, hypermarkets/supermarkets, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
Key findings of the Study
- On the basis of type, the bodywear segment is projected to witness the highest CAGR of 4.0%, in revenue terms, during the forecast period.
- By application, the others segment is expected to dominate the market from 2021 to 2030.
- Depending on end user, the women segment is projected to witness the highest share, in revenue terms, during the forecast period.
- As per distribution channel, the online channels segment is expected to grow at a significant CAGR during the forecast period.
- U.S. was the largest country, in terms of revenue generation for the dancewear market in 2020.
- Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 6.1% from 2021 to 2030.
Companies Mentioned
- PROVINS BUSINESS CO., LTD
- REVOLUTION DANCEWEAR, LLC
- SF DANCE GEAR
- WEAR MOI DANCEWEAR
- BALLET MAKERS, INC
- BLOCH INTERNATIONAL
- BULLET POINTE, LLC
- FLO DANCEWEAR PTY. LTD.
- GRISHKO DANCE S.R.O.
- ONWARD HOLDINGS CO. LTD
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1089.7 million |
| Forecasted Market Value ( USD | $ 1689.6 million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
