Lycra Pants Market Scope
Lycra Pants is a type of pant made from a synthetic fabric material that is very elastic. It is made from a combination of polyester and polyurethane (a flexible plastic material). Due to its strength and elasticity, lycra is a popular fiber in clothing. All in all, Lycra® is a type of spandex.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | LavaCore International (United States), Magic Marine (The Netherlands), Marinepool (Germany), The LYCRA Company (United States), Nike (United States), John Varvatos (United States) and Musto (United Kingdom) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lycra Pants market throughout the predicted period.
LavaCore International (United States), Magic Marine (The Netherlands), Marinepool (Germany), The LYCRA Company (United States), Nike (United States), John Varvatos (United States) and Musto (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lycra Pants market by Type , by Application (Daily Use and Functional Use) and Region with country level break-up.
On the basis of geography, the market of Lycra Pants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Influencing Trend:
Increase in the Participation of Women in the Different Areas and Growing Westernization and Higher Disposable Incomes
Market Growth Drivers:
Increase in the Durability Appeal of the Product and Growing Preference for Performance and Comfort
Challenges:
High Competition among the Key Players
Restraints:
Availability of Substitutes Such as Other Types of Pants
Opportunities:
Growing Trend of integrating Function and Fashion Industries and Technological Advancements for Creation of New Types with Innovative Materials
Key Target Audience
Manufacturers of Lycra Pants, Suppliers of Lycra Pants, Wholesalers, Distributors, and Retailers of Lycra Pants, Fashion Industry and Textile Industry