The crossfit apparel market is set to achieve a CAGR of 2.3% between 2022 and 2032. Expectedly, the market is anticipated to generate a revenue of US$ 113 million in 2022, surging to US$ 149 million by 2032.
The demand for crossfit apparel is witnessing a surge, driven by a shift in people’s perspectives on sports and fitness due to heightened health awareness.
Despite the easing of lockdown measures, e-commerce continues to thrive, leading to a significant expansion in the crossfit apparel market size.
The rising popularity of digital forms of exercise, whether individual or community-based, has created new opportunities in the crossfit apparel market for key players to capitalize on.
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Furthermore, the crossfit apparel market growth is also contributed by the fitness influencers’ aggressive efforts to promote active wear and attract consumers have resulted in the athleisure cult.
Rising adoption of functionality-specific apparel and footwear, as well as technological advancements, are considered to improve the crossfit apparel market statistics.
Some of the most recent developments in the crossfit apparel market include functional clothing, which is made with anti-bacterial materials that can prevent body odour.
Companies are offering sports shoes and socks with specialized features in response to an increase in the incidence of foot diseases and allergies, in turn, augmenting their crossfit apparel market share.
The crossfit apparel market is categorized into product type, material type, consumer orientation, sales channel, and region.
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Key Takeaways:
- Based on consumer orientation, women segment is likely to lead the crossfit apparel market with a CAGR of 4.2% through 2032.
- By sales channel, the e-commerce segment is expected to grow the fastest, owing to increased internet penetration and increased use of smartphones for online shopping, which allows consumers to compare products in real time and make informed decisions.
- In Europe, which continues to be an important component of the global economy, Germany is considered to contribute significantly to the region’s crossfit apparel market size over the next few years.
- The global market for top wear is forecasted to lead the crossfit apparel market with the US holding the largest regional crossfit apparel market share for the top wear segment.
- APAC’s key markets for crossfit apparel are China and Japan, where the market in these regions is estimated to advance faster than the market in other regions.
Competitive Landscape:
Some of the notable players in the crossfit apparel market include
- Adidas AG
- Reebok International Limited
- Anta Sports Products Limited
- ASICS Corporation
- Columbia Sportswear Company
- Elite Sportswear
- LP
- Hanesbrands Inc.
- NIKE, Inc.
- Patagonia Inc.
- Puma SE
- Under Armour Inc.
The players in the crossfit apparel market have adopted acquisition as their primary development strategy in order to increase profitability and consolidate their crossfit apparel market share.
Major market players are coming up with various emerging trends in crossfit apparel market with the aid of these strategies.
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Key Segments
By Product:
- Shirts
- Pants
- Others
- Shorts
- Sweatshirts & Hoodies
- Tank-top
By Material Type:
- Nylon
- Wool
- Polyester
- Others
By Sales Channel:
- Direct Sales
- Franchised Stores
- Specialty stores
- Online retailers
- Other sales channels
- mono brand stores
- wholesalers/retailers
By Consumer Orientation:
- Men
- Women
- Unisex
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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