Gym Apparel Market to be US$ 384.8 Billion by 2032– Says FMI Analyst

The gym apparel market is predicted to grow at a moderate CAGR of 6.2% during the forecast period of 2022 to 2032. The global gym apparel market share is estimated to be worth about US$ 384.8 Billion by 2032 end, expanding from a net worth of US$ 204.5 Billion in 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, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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