Gym Apparel Market to Witness a CAGR of 6.2% through 2032; Growing Awareness about the Multiple Health Benefits of Going Gym to Boost the Market - Future Market Insights, Inc.

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May 23, 2022, 10:30 ET

Leading market participants of the Gym Apparel Market elaborated in the report include 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

NEWARK, Del., May 23, 2022 /PRNewswire/ -- The global gym apparel market is predicted to follow a growth rate of 6.2% during the forecast years 2022 to 2032. The net worth of the gym apparel market share is expected to reach US$ 384.8 Billion by the year 2032, increasing from US$ Billion in the year 2021.

The sales of gym apparel have increased significantly in the recent past years owing to multiple factors. The major factor driving the gym apparel market growth is the establishment of different levels of gyms and fitness centres at several locations.

A growing trend among the younger generation to improve their physique has also raised the gym membership subscriptions exponentially and secondarily boosted the demand for gym apparel in the recent past years.

An outbreak of the Covid-19 pandemic also provided a serious impetus among the aged population to join gyms as part of their daily routine. Encouragement by public associations to visit gyms also created a new consumer base for the global gym apparel market around the world.

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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

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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)

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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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Report: https://www.futuremarketinsights.com/reports/gym-apparel-market
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