The gym apparel market is projected to grow at a CAGR of 6.2% throughout the assessment period. By 2024, it is anticipated to achieve a revenue of USD 239.98 billion, and by the end of 2034, the market size is forecasted to reach USD 438.47 billion.
By addressing these trends and challenges, your company can become a leader in the thriving gym apparel market. Remember, it’s not just about selling clothes; it’s about empowering people to look good and feel great while achieving their fitness goals.
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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.
Gym memberships are surging, particularly in urban areas, prompting attendees to invest in gym apparel for comfort and efficiency during workouts as recommended by their trainers. A significant number of these gym enthusiasts are young adults and working professionals who frequent gyms to keep fit or incorporate physical activity into their sedentary lifestyles.
Additionally, many corporations and public institutions are establishing on-site gyms to encourage fitness among employees. These trends are bolstering the gym apparel market.
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.
Key Players in the Gym Apparel Market Take Over the News Headlines
- In March 2024, Fitness Junkie, a key influencer in the fitness apparel market, announced that it is partnering with Spartan, a distinguished player in obstacle course races, and More Hearts Than Scars, an esteemed NGO. This collaboration reinforced Fitness Junkie’s commitment to transform the lives of people with community support and power of fitness.
- In June 2023, lululemon, a global athletic apparel brand, chose Zalando to reach millions of customers in Europe. Zalando’s assortment is enriched with the brand’s innovative accessories and apparel, which is going to attract more customers.
- In August 2023, Jonathan Isaac, a professional basketball player, introduced his athletic apparel firm that is targeted at conservatives and Christians. With the launch of this company, the sports player has given faith-loving, freedom-loving Americans an option to purchase with their values.
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
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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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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