Categories: Industry

Global Gym Apparel Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Gym apparel refers to clothing specifically designed for physical exercise and workouts. These garments are tailored to provide comfort, functionality, and performance-enhancing features for various types of physical activities, including gym sessions, running, yoga, weightlifting, and more.

Sizing and Forecast

The gym apparel market size has grown strongly in recent years. It will grow from $214.08 billion in 2023 to $229.68 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to fitness and health awareness, athleisure trend, celebrity endorsements and influencer culture, technological innovations, e-commerce growth.

The gym apparel market size is expected to see strong growth in the next few years. It will grow to $306.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to sustainability and ethical practices, digitalization and personalization, emerging markets, health and wellness trends, innovation in performance wear. Major trends in the forecast period include rise of direct-to-consumer (DTC) brands, focus on inclusivity and diversity, expansion of sustainable product lines, integration of augmented reality (AR) and virtual reality (VR), health monitoring and fitness tracking.

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Segmentation & Regional Insights

The gym apparel market covered in this report is segmented –

1) By Product Type: Top Wear, Bottom Wear, Other Product Types
2) By Material Type: Nylon, Wool, Polyester, Other Material Types
3) By Distribution Channel: Supermarkets And Hypermarkets, Brand Outlets, Specialty Stores, Wholesalers Or Retailers, Mono-brand Stores, Online E-Commerce Retail, Other Distribution Channels
4) By End User: Men, Women, Children, Unisex

North America was the largest region in the gym apparel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gym apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increase in focus on health and fitness is expected to propel the growth of the gym apparel market. The emphasis on health and fitness is growing due to heightened awareness of overall well-being and a desire for improved quality of life and longevity. With more individuals prioritizing health and fitness, there is an increasing engagement in regular exercise routines, symbolizing commitment to individual well-being and identity. Gym apparel is designed to optimize performance during workouts. Moisture-wicking fabrics keep athletes dry and comfortable, allowing them to focus on exercise without distractions. For instance, in September 2023, according to the UK Fitness Report published by PureGym Limited, a UK-based health club chain, the number of gym members in the UK increased by 2% compared to last year, with 16% of the population currently being gym members. Additionally, another 16% of individuals have expressed their intention to join a gym in 2024. Therefore, the increase in focus on health and fitness is expected to propel the growth of the gym apparel market.

Key Industry Players

Major companies operating in the gym apparel market are Nike Inc., Adidas AG, Under Armour, Inc., Puma SE, Columbia Sportswear Company, New Balance Athletics, Inc., Lululemon Athletica Inc., Fila Holdings Corp., Ralph Lauren Corporation, Iconix International, ASICS Corporation, VF Corporation, Skechers USA, Inc., Anta Sports Products Limited, Li Ning Company Limited, Decathlon Group, Hanesbrands Inc., Mizuno Corporation, The North Face, Inc., Umbro International Limited, Reebok International Limited, Brooks Sports Inc., Iconix International, Reebok International Limited, Patagonia Inc., Karhu Holding BV, Umbro International Limited

The gym apparel market report table of contents includes:

1. Executive Summary

2. Gym Apparel Market Characteristics

3. Gym Apparel Market Trends And Strategies

4. Gym Apparel Market – Macro Economic Scenario

5. Global Gym Apparel Market Size and Growth

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32. Global Gym Apparel Market Competitive Benchmarking

33. Global Gym Apparel Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Gym Apparel Market

35. Gym Apparel Market Future Outlook and Potential Analysis

36. Appendix