The global gym apparel market value is expected to rise from USD 239.98 billion in 2024 to USD 438.47 billion by 2034. This market is expected to be driven by a CAGR of 6.20% over the next decade.
Consumers are significantly hitting the gyms for their overall well-being both mental and physical. To comfortably follow the exercise regime, gym-goers are investing in gym apparel. Social media influencers are also promoting an active lifestyle on their social media channels. Their followers thus gain stimulus to follow the same routine to get in shape and buy gym apparel.
Gyms, sports clubs, yoga studios, and fitness centers are crowding the tier-2 and 3 cities. Increasing memberships at these centers suggest a higher inclination for fashionable sports apparel among their members.
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Active brands in the market are offering affordable and accessible clothing to give customers wider options to choose gym apparel. The sales of gym apparel are also rising as gym apparel brands are selling their products online, which allows for greater access to this clothing.
“Market players are selling their products online to skyrocket their sales in areas where the brand is not physically present. Another key tactic that the brands are following is the increasing collaborations with celebrities and social media influencers,” says an analyst of Future Market Insights.
Key Takeaways from the Gym Apparel Market Report
- The gym apparel market attained a valuation of US$ 192.18 million in 2019. By 2023, the market attained US$ 227.65 million. During this time, the market registered a CAGR of 4.3%.
- By service, the guard services segment attained a share of 34.30% in 2024.
- Based on end user, commercial sector gained a market share of 31.80% in 2024.
- The Canada gym apparel market is expected to record a CAGR of 5.90% through 2034.
- In France, the demand for gym apparel is predicted to increase at a CAGR of 5.60% over the forecast period.
- The India gym apparel market is projected to expand at a CAGR of 11.70% from 2024 to 2034.
- The China gym apparel industry is anticipated to register a CAGR of 9.70% over the assessment period.
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Competitive Analysis
Fierce competition characterizes the gym apparel market. Players in the market are releasing new products of high-quality and long-lasting materials. They are introducing new features like moisture management, temperature control, and other performance-enhancing characteristics to increase the wearer’s comfort. Their enhanced features allow them to be worn for leisure activities, thus creating market demand for athleisure.
Manufacturers are also adding sophisticated technology into their fabric to elevate user’s comfort. Leading brands are also expanding to different regional areas by collaborating with native influencers or celebrities to promote their gym apparel products. They are further partnering with sports leagues and events to attract wider customer base.
Latest Developments Shaping the Global Market
- In July 2023, Life Time, a premier healthy lifestyle brand, and LSKD, an Australian activewear brand, officially declared that LSKD is going to serve as an exclusive brand for Life Time’s instructors, trainers, and coaches across +165 athletic country clubs across North America.
- In September 2023, Peloton and lululemon declared that the companies have come into a five-year strategic partnership. This development is going to leverage the strengths of both brands to support member communities on their wellness journeys.
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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