Gym Apparel Global Market Report 2024

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 observed in the historical period can be attributed to several factors, including increased awareness about fitness and health, the popularization of athleisure trends, the influence of celebrity endorsements and influencer culture, technological innovations in the industry, and the growth of e-commerce platforms.

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 anticipated growth in the forecast period can be attributed to several factors, including a heightened focus on sustainability and ethical practices, the ongoing process of digitalization and personalization within the industry, the emergence of new markets, the continued influence of health and wellness trends, and ongoing innovation in performance wear. Major trends expected in the forecast period encompass the rise of direct-to-consumer (DTC) brands, an increased focus on inclusivity and diversity, the expansion of sustainable product lines, the integration of augmented reality (AR) and virtual reality (VR) technologies, as well as advancements in health monitoring and fitness tracking capabilities.

The growing emphasis on health and fitness is anticipated to be a key driver in fueling the expansion of the gym apparel market. This heightened focus on health and fitness stems from an increased awareness of overall well-being and a desire for enhanced quality of life and longevity. As more individuals prioritize their health and fitness goals, there is a surge in engagement with regular exercise routines, signifying a commitment to personal well-being and identity. Gym apparel plays a crucial role in optimizing performance during workouts, with moisture-wicking fabrics ensuring athletes remain dry and comfortable, enabling them to concentrate on their exercises without distractions. For instance, data from the UK Fitness Report published by PureGym Limited in September 2023 reveals a 2% increase in gym membership in the UK compared to the previous 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. Consequently, the growing focus on health and fitness is poised to drive the growth of the gym apparel market.

Companies operating in the gym apparel market are innovating their product offerings by incorporating eco-friendly and sustainable materials, such as organic cotton gym wear, to appeal to environmentally conscious consumers and distinguish themselves in the competitive market. Organic cotton gym wear is known for its breathability, moisture-wicking properties, and comfort, making it suitable for various physical activities. For example, Adidas AG, a Germany-based athletic apparel and footwear corporation, unveiled a fresh sportswear capsule collection in September 2022, featuring a range of versatile pieces designed with minimalist aesthetics and constructed with a minimum of 50% organic cotton. This collection includes performance running wear for both men and women, showcasing items such as a ribbed dress, staple tee paired with woven trousers and a coach jacket, oversized hoodie with a ribbed crop top and biker shorts, among others. Furthermore, the women's Ultraboost 22 Made with Nature incorporates innovative features of the Ultraboost 22 while integrating natural elements.

In January 2024, Platinum Equity, LLC, a US-based private equity firm, made a significant acquisition by acquiring Augusta Sportswear Brands (ASB) and Founder Sport Group (FSG) for an undisclosed amount. This strategic move merges the capabilities of both companies to expand their sports and lifestyle apparel offerings, enhance customer service, and improve supply chain efficiency. Additionally, it accelerates the adoption of innovative technologies such as sublimation throughout the ecosystem. Augusta Sportswear Brands (ASB) specializes in manufacturing training and gym apparel, while Founder Sport Group (FSG) focuses on athletic and gym apparel, positioning the combined entity as a formidable player in the sports apparel market.

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.

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. The countries covered in the gym apparel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Gym apparel encompasses clothing specifically engineered for physical exercise and training regimens, emphasizing comfort, functionality, and performance optimization across a spectrum of activities such as gym workouts, running, yoga, and weightlifting.

The primary categories of gym apparel include top wear, bottom wear, and supplementary items. Top wear comprises gym shirts, tanks, and sports bras tailored for fitness pursuits, catering to individuals seeking upper body coverage and support during exercise. These garments are fabricated from materials such as nylon, wool, polyester, and others, and are distributed through diverse channels including supermarkets, hypermarkets, brand outlets, specialty stores, wholesalers, retailers, mono-brand outlets, online e-commerce platforms, and more. Targeting end-users across genders and age groups, including men, women, children, and unisex consumers.

The gym apparel market research report is one of a series of new reports that provides gym apparel market statistics, including gym apparel industry global market size, regional shares, competitors with a gym apparel market share, detailed gym apparel market segments, market trends and opportunities, and any further data you may need to thrive in the gym apparel industry. This gym apparel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The gym apparel consists of sales of outerwear, footwear, accessories, performance wear, and athleisure wear. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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