Dancewear Market Research, 2030
The global dancewear market was valued at $1.1 billion in 2020, and is projected to reach $1.7 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.
Dancewear is a kind of apparel and footwear that comes in a variety of colors, fabrics, materials, sizes, and styles that are appropriate for a particular spectrum of dance genres. Dancewear comprises dance outfits that are tailored for certain dance forms and are worn specifically for dance events and concerts. Dancewear is created to meet aesthetic needs and increase engagement in the dance being performed. Such factors are raising demand for dancewear, thereby resulting in increased dancewear market size by 2030.
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 bifurcated into men, women and children. As per distribution channel, it is differentiated into specialty stores, online channels, hypermarkets/supermarkets, and others. On the basis of region, 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).
According to dancewear market analysis, on the basis of product type, the bodywear segment dominated the global dancewear market in 2020, and is expected to be dominant during the forecast period. This is attributed to the fact that consumers are opting for new variants of bodywear to get the hands on the current trends. Manufacturers are further introducing new bodywear products to gain attention of consumers. The bodywear segment is expected to grow with a CAGR of 4.0%.
According to the dancewear market trends, on the basis of application, the others segment dominated the global market in 2020. Others segments include the use of dancewear by consumers at the school, universities, and public institutions. The expansion in the number of annual events, dance competitions, and other regular events at institutions has boosted the dancewear market demand.
Depending on end user, the women segment dominated the global market in 2020, as the women population in the global dancewear industry is more than 50% and the demand of the women’s dancewear is higher than other segments.
As per distribution channel, the specialty stores segment was the largest segment due to higher availability of quality dancewear products, which attract consumers to shop at specialty stores. As a result, the sales of dancewear in specialty stores are highest than other distribution channel alternatives. The emerging economies such as India and China have witnessed significant adoption of dancewear, owing to increased awareness about the benefits of dancing.
Region wise, North America dominated the global dancewear market in 2020, and is expected to be dominant during the dancewear market forecast period. The dominance in the market is largely due to existence of dance schools and increases in event and concerts that are organized to influence the audience into buying trendy dancewear and add dancing in their daily curriculum.
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.
Dancewear Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By End User |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | WEAR MOI DANCEWEAR, BALLET MAKERS, INC, GRISHKO DANCE S.R.O., BULLET POINTE, LLC, BLOCH INTERNATIONAL, ONWARD HOLDINGS CO. LTD, REVOLUTION DANCEWEAR, LLC, SF DANCE GEAR, PROVINS BUSINESS CO., LTD, FLO DANCEWEAR PTY. LTD. |
Analyst Review
According to the CXOs, the fashion industry is expected exhibit high growth potential, as consumers' purchasing power is increasing post COVID. However, recovery is at the top of CEOs' concerns for the next year, with 75% of luxury segment executives, 61% of midmarket executives, and 50% of value executives anticipating improved business conditions. However, as they swing toward expansion, a big obstacle will be a potential product and resource shortages, as clogged supply chains and increased transportation costs wreak havoc on operations. Several corporations have recently reported difficulties managing inventory flows or have linked weaker sales estimates to supply chain bottlenecks. As a result, many people have turned to solutions such as near shoring, in-store supply replenishment, and agile working models meant to adjust flexibly to change.
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% .
The global dancewear market registered a CAGR of 4.8% from 2022 to 2031.
The forecast period in the dancewear market report is from 2021 to 2030.
The dancewear market report has 4 segments. The segments are product type, application, end user and distribution channel.
The top companies that hold the market share in dancewear market include Ballet Makers, Inc., Bloch International, Bullet Pointe, LLC, Flo Dancewear Pty. Ltd, and Grishko Dance S.R.O
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Asia-Pacific will dominate the dancewear market by the end of 2030
Post COVID-19, the ease of lockdown had improved the supply chain for dancewear and with the increasing population associating with dancing activities the demand for dancewear has improved.
The emerging countries in the dancewear market is likely to grow at a CAGR of more than 7% from 2022 to 2031.
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