The gym apparel market is expected to expand at a CAGR of 6.2% from 2022 to 2032. The global gym gear market share is expected to be worth approximately US$ 384.8 billion by the end of 2032, up from a net worth of US$ 204.5 billion in 2021.
There is a notable increase in apparel sold in gyms due to various factors over the recent years. The principal driver for the swimming apparel market growth is the establishment of differentiated gym and fitness centres at various venues.
Rise of the younger generation members who want to improve their figure has also led to exponential subscriptions for gym memberships and indirectly increased demand for clothing items sold at gymhouses in the last few years.
The Covid-19 pandemic was also rapid as a major trigger to prompt membership among the mature population to develop gymwork into their daily regimen. Public associations motived the people to attend gyms; hence, new consumer base for global gym apparel market was created on account of this factor also
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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
- 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.
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