The gym apparel global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Gym Apparel Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Gym Apparel MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Gym Apparel Market Overview
Market Drivers –
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.
Market Trends –
Companies operating in the gym apparel market are developing innovative products with eco-friendly and sustainable materials such as organic cotton gym wear, to appeal to environmentally conscious consumers and differentiate themselves in the competitive market. Organic cotton gym wear often boasts breathability, moisture-wicking, and comfort, making it suitable for various physical activities. For instance, in September 2022, Adidas AG, a Germany-based athletic apparel and footwear corporation, announced the launch of a fresh sportswear capsule collection showcasing a range of versatile pieces designed with minimalist aesthetics. This collection features performance running wear for men and women, all constructed with a minimum of 50% organic cotton. The items include a ribbed dress for women, a men’s staple tee paired with woven trousers and a coach jacket, and a women’s oversized hoodie with a ribbed crop top and biker shorts, among other options. Furthermore, the women’s Ultraboost 22 Made with Nature incorporates the innovative features of the Ultraboost 22 while enhancing them with natural elements.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Gym Apparel Market Report Structure
3. Gym Apparel Market Trends And Strategies
4. Gym Apparel Market – Macro Economic Scenario
5. Gym Apparel Market Size And Growth
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27. Gym Apparel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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