The global dancewear market is expected to reach $1.7 billion

Portland, OR, June 6, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global market dancewear market was estimated at $1.1 billion in 2020 and is expected to reach $1.7 billion by 2030, recording a CAGR of 4.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and variable market trends.

The increase in the use of dancewear by consumers in schools, universities and public institutions and the increase in sales of dancewear in specialized stores drive the global market for dancewear. Furthermore, emerging economies such as India and China have witnessed significant adoption of dancewear, due to increased awareness of the benefits of dance, which has further complemented the growth of the market.

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covid-19 scenario-

  • The outbreak of the pandemic had a harsh impact on the apparel industry and consequently the dancewear market was also negatively affected during the pandemic.
  • Disrupted supply chain, labor shortages, economic slowdown and travel bans continued to worsen the market condition. However, the market is slowly returning to normal.

The global dancewear market is analyzed on the basis of product type, application, end user, distribution channel, and region. Based on product type, the bodywear segment accounted for almost half of the total market share in 2020 and is expected to dominate the roost by 2030. However, the accessories segment would see the fastest CAGR of 6.1% throughout the forecast period.

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According to the end user, the women’s segment contributed more than half of the total market revenue in 2020 and is projected to lead the way by 2030. The children’s segment, on the other hand, would exhibit the fastest CAGR of 6.1% during the forecast period.

Depending on the region, the North American market held the important part in 2020, obtaining around two-fifths of the world market. The Asia-Pacific region would simultaneously show the fastest CAGR of 6.1% over the entire forecast period. The report also looks at other regions including Europe and LAMEA.

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Key market players analyzed in the global dancewear market report include Bloch International, Flo Dancewear Pty. Ltd, Wearmoi Dancewear, Grishko Dance SRO, Provins Business Co. Ltd., Onward Holdings Co., Ltd., Revolution Dancewear , LLC, Bullet Pointe , LLC, Ballet Makers, Inc. and SF Dancegear Waterloo.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global companies as well as small and medium sized businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

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We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecast. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and assist clients in every way possible to achieve success. Each and every one of the data presented in the reports published by us is extracted through primary interviews with senior officials of the main companies of the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry professionals and expert analysts.

The global dancewear market is expected to reach $1.7 billion Allied Market Research