The global gym apparel market is anticipated to expand between 2022 and 2032 at a moderate CAGR of 6.2%. By the end of 2032, the global market for gym apparel is expected to be worth about US$ 384.8 billion, up from a net worth of US$ 204.5 billion in 2021.
Gym apparel sales drastically declined in the early months of the Covid-19 outbreak, according to a global market study of fitness equipment products. Having said that, some of the favourable benefits of Covid-19 are explained by this new market research analysis of gym apparel data, which was essential in boosting demand for gym gear in the years that followed.
Due to the lengthening of the lockdown, many people were encouraged to open their own personal gyms or join ones in their localities. The number of people visiting the gym on a daily basis significantly increased very soon after the Covid-19 pandemic outbreak, which fueled the growth of the gym apparel industry.
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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.
Key Takeaways
- 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.
- 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.
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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)
