Gym Apparel Market is Likely to Grow at a 6.2% CAGR in 2022 - 2032 | FMI

The global gym apparel market is projected 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 global market assessment on gym gear goods reported that during the first few months of the Covid-19 pandemic, gym apparel sales significantly decreased. Having said that, this new market research analysis on gym apparel data explains some of the positive effects of Covid-19, which were crucial in driving up demand for gym clothing in the years that followed.

Many people were urged to start their own personal gyms or join ones in their communities in response to the lockdown's increasing length. Very soon after the Covid-19 pandemic outbreak, there was a significant increase in the number of people going to the gym every day, which fueled the expansion of the gym clothing business.

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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.

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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
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)

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

This release was published on openPR.