North America has held a dominant position in the Global Gym Apparel Market, primarily driven by the presence of major players in the United States of America (USA). With a higher affluence among its citizens and a growing awareness of the benefits of fitness, the USA is projected to retain its dominance in the gym apparel market during the forecasted years from 2022 to 2032.
However, the Asia Pacific region, particularly China and India, has emerged as a highly promising market for gym apparel due to its significant proportion of young individuals aged 20 to 35. This demographic has fueled above-average growth rates in the region’s gym apparel market, supported by the improving economic conditions of the general population.
Additionally, the Asia Pacific has become a major exporter in the global gym apparel market, with Japan and South Korea playing vital roles in the international trade economy. These countries have become key players in shaping the trends and dynamics of the global gym apparel industry.
Get your hands on this Sample Report to stay up-to-date on latest developments in this Market. Download now: https://www.futuremarketinsights.com/reports/sample/rep-gb-14743
The gym apparel market is predicted to grow at a moderate CAGR of 6.2% during the forecast period of 2022 to 2032. The global gym apparel market share is estimated to be worth about US$ 384.8 Billion by 2032 end, expanding from a net worth of US$ 204.5 Billion in 2021.
The sales of gym apparel have increased significantly in the recent past years owing to multiple factors. The major factor driving the gym apparel market growth is the establishment of different levels of gyms and fitness centres at several locations.
A growing trend among the younger generation to improve their physique has also raised the gym membership subscriptions exponentially and secondarily boosted the demand for gym apparel in the recent past years.
An outbreak of the Covid-19 pandemic also provided a serious impetus among the aged population to join gyms as part of their daily routine. Encouragement by public associations to visit gyms also created a new consumer base for the global gym apparel market around the world.
Speak with our analyst and get complete information of report now:
https://www.futuremarketinsights.com/ask-question/rep-gb-14743
Gym gear producers are introducing new innovative components into their products to meet the current demands of the burgeoning smart wear trend. Furthermore, several technological advancements aimed at boosting user performance and comfort are projected to help the gym gear business. One of the biggest breakthroughs for the rising trends in the gym gear market is the introduction of smart nanotechnology fabric.
Key Takeaways
- The present value of the global gym apparel market is estimated to be around US$ 210.8 Billion in the year 2022.
- The net worth of the global gym apparel market is expected to witness an absolute increment of US$ 174 Billion over the forecast period of 2022 to 2032 that may take the net worth up to US$ 384.8 Billion by the end of 2032.
- Sweatshirts and tanks are the most popular product type segment of the gym apparel market share that is expected to witness the highest the growth rate of nearly 4% during the forecast period.
- Online retailers or e-commerce platforms are the rapidly expanding segments for the global gym apparel market future trends on the basis of the supply chain.
Leading Companies Profiled in Gym Apparel Market are
- Adidas AG
- ASICS Corp
- Columbia Sportswear
- Dick’s Sporting Goods Inc.
- G-III Apparel Group Ltd.
- Gildan Activewear Inc.
- Hanesbrands Inc.
- Nike Inc.
- PUMA SE
- PVH Corp
- VF Corp
- New Balance
Key Segments
By Product Type:
- Shirts
- Pants
- Shorts
- Sweatshirts
- Hoodies
- Tank-top
- Others
By Material Type:
- Nylon
- Wool
- Polyester
- Others
By Consumer Orientation:
- Men
- Women
- Unisex
By Sales Channel:
- Direct Sales
- Franchised Stores
- Specialty Stores
- Online Retailers
- Mono Brand Stores
- Wholesalers or Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Recent Developments in Gym Apparel Market
- In September 2021, Eastbay and Champs Sports launched a new clothing brand called Eastbay Performance. This new range is designed to boost the company’s prominence in compression shirts, tights, and tanks for gym junkies’ training and casual wear.
- Kappa is a renowned Italian clothing company and fibre producer that offers value chain services from textile mills to customers. It partnered with Hyosung to unveil its new K-spirit e-sports and gym gear collection at Tencent Global E-sports Arena in October 2020.
Read Related Reports@
https://cigarbook.mn.co/posts/32589722?utm_source=manual
https://wecanchat.mn.co/posts/32589726?utm_source=manual
https://www.xing.com/discover/detail-activities/6725148790.b5b12e
https://www.evernote.com/shard/s375/sh/83499f3b-d5c2-86af-36e1-3cd0f9243b2f/Q3SGSZXOUEV3CMOSXtt4iaSHWcIeW9k6gVxtgDa9xNkGm9FM0_hJ7cOH5g
https://diigo.com/0rpc3q
https://synkretic.mn.co/posts/32589737?utm_source=manual
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
