Global Quick-Dry Clothes Market Size, Share, and Trends Analysis Report, By Product (Shorts, Tshirts, Tanks, Pants, and Others), and By Application (Dailywear, Sports, Hiking, and Others), Forecast (2022-2028)

The global quick-dry clothes market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). Quick-dry clothes are the type of apparel specially designed for sportspersons or people who do a lot of physical activities as they provide capillary movement that enables moisture from the skin to come in contact with ambient tar and dries up quickly. The major factor attributing to the growth of the global quick-dry clothes market includes the increasing application of these clothes for outdoor activities as the adventure tourism industry is growing. According to an article published by the World Travel Trade Association (ATTA) in August 2021, the global adventure tourism industry generated around $112 billion in 2020. It is estimated that the global adventure tourism industry will generate $1,169.09 billion by 2028. Furthermore, the use of quick-dry clothes is also increasing due to various benefits provided by quick-dry clothes. The benefits include a reduction in heat loss, increases comfort by drying irritating sweat quickly, remaining lightweight throughout the physical activity, and others. Thus, increasing the demand for quick-dry clothes.

The production of quick-dry clothes is also increasing due to the growing textile industry. According to the Textile Industry report published by the India Brand Equity Foundation (IBEF) in February 2022, the textile industry of India is one of the oldest industries across the globe. The market size of the Indian textile industry was around $29.8 billion in 2021 giving employment to around 4.5 crore workers. India produced 2.4 MT of fiber and 4,762 million KGs of cotton yarn with recorded export of around 1.13 million tonnes of cotton yarn in 2021. The textile industry of India is estimated to consistently grow and reach around $209 billion by 2029. Thus, propelling the growth of the global quick-dry clothes market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, B Brand Apparel LLC launched a new collection of clothes for the people interested in Golf. The new clothes collection will provide comfort to golf players with its quick-drying properties.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Nike, Xtep, Adidas OInc., Decathlon Sports India Pvt. Ltd., and Under Armouyr Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Quick-Dry Clothes Market Report by Segment

By Product

• Shorts
• Pants
• Tanks
• Tshrts
• Others

By Application

• Dailywear
• Sports
• Hiking
• Others

Global Quick-Dry Clothes Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa