The Gym Bag Market is Predict to reach USD 3.2 Billion by , at a CAGR of 11.5%
16-Oct- |
Read more
Report Format: Electronic (PDF)
Gym Bag Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Gym Bag Market size is expected to reach $3.2 billion by , rising at a market growth of 11.5% CAGR during the forecast period. In the year , the market attained a volume of 57,289.42 thousand units, experiencing a growth of 15.6% (-).
The Online segment is anticipating a CAGR of 13.5% during ( - ). Many consumers find online purchasing appealing due to the ease of comparing prices, the ability to read reviews, and the convenience of browsing various products from the comfort of their homes. Additionally, various promotions, discounts, and the availability of exclusive online models further enhance the appeal of purchasing gym bags through digital platforms.
The Men segment is leading the Global Gym Bag Market by Gender in ; thereby, achieving a market value of $1.8 billion by . This could be attributed to several factors, including a growing fitness culture among men, increased participation in gym activities, and a trend toward fashion-forward gym accessories. Men typically seek gym bags that are durable, spacious, and versatile, accommodating both workout gear and everyday essentials.
The Drawstring segment is registering a CAGR of 12% during ( - ). Drawstring bags are valued for their lightweight and convenient design, making them ideal for quick trips to the gym or casual outings. Their affordability further enhances their appeal, especially among younger consumers and those who prefer a minimalist approach to carrying their essentials. The popularity of drawstring bags is also evident in sports events and schools, which provide practical solutions for carrying gear and supplies.
Full Report: https://www.kbvresearch.com/gym-bag-market/
The North America region dominated the Global Gym Bag Market by Region in , and would continue to be a dominant market till ; thereby, achieving a market value of $1.2 billion by . The Europe region is experiencing a CAGR of 11.1% during ( - ). Additionally, The Asia Pacific market region exhibit a CAGR of 12.3% during ( - ).
List of Key Companies Profiled
- Herschel Supply Company (Herschel Capital Corp.)
- ToteBagFactory (Smart-K LLC)
- Everlast Worldwide Inc. (Frasers Group plc)
- Nike, Inc.
- Adidas AG
- Under Armour, Inc.
- Lululemon Athletica, Inc.
- PUMA SE (Groupe Artémis S.A.)
- Reebok International Ltd. (Authentic Brands Group LLC)
- The North Face (VF Outdoor LLC)
Gym Bag Market Report Segmentation
By Distribution Channel (Volume, Thousand Units, USD Billion, -)
By Gender (Volume, Thousand Units, USD Billion, -)
By Product (Volume, Thousand Units, USD Billion, -)
- Duffle
- Drawstring
- Other Products
By Geography (Volume, Thousand Units, USD Billion, -)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Global Gym Bag Market Size To Worth USD 3.03 Billion By
According to a research report published by Spherical Insights & Consulting, the Global Gym Bag Market Size is to Grow from USD 1.40 Billion in to USD 3.03 Billion by , at a Compound Annual Growth Rate (CAGR) of 8.03% during the projected period.
Get more details on this report -
Request Free Sample PDF
Browse key industry insights spread across 200 pages with 115 Market data tables and figures & charts from the report on the "Global Gym Bag Market Size, Share, and COVID-19 Impact Analysis, By Product (Duffle, Drawstring, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast &#; ." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/gym-bag-market
Gym bags are specially made bags that are used to transport the equipment needed for a workout to and from the gym or fitness center. They are often roomy, with pockets and compartments to accommodate clothing, shoes, water bottles, towels, and other workout gear. Gym bags come in a wide range of shapes, sizes, and patterns to suit the varied tastes and requirements of fitness enthusiasts. Gym bags have changed from being just accessories to becoming vital tools since people across are seeing how important they are to lead healthy lives. The market for gym bags is being driven primarily by the increasing emphasis on fitness and well-being. The development of e-commerce platforms has had a major impact on the gym bag market, expanding its consumer base to encompass individuals worldwide. This is just one of the many important aspects driving the gym bag industry's expansion. However, price fluctuations for raw materials hurt the gym bag market. Changes in the price of leather, cotton, and polyester might result in higher costs for gym bags.
The duffle segment holds the largest market share of the gym bag market during the projected timeframe.
Based on the product, the gym bag market is divided into duffle, drawstring, and others. Among these, the duffle segment holds the largest market share of the gym bag market during the projected timeframe. Due to the simplicity of packing and carrying, duffle bags are the best choices for anyone who likes working out and being healthy. The customizable features that duffle bags offer, such as interchangeable patches or monograms, appeal to customers seeking unique and personalized products.
The offline segment is anticipated to grow at the highest CAGR of the gym bag market during the projected timeframe.
Based on the distribution channel, the gym bag market is divided into online and offline. Among these, the offline segment is anticipated to grow at the highest CAGR of the gym bag market during the projected timeframe. Brick and mortar companies and actual stores are responsible for the growth. The expansion of popular brand retail store chains, the availability of gym bags in sports and accessory stores, and the existence of specialized brand outlets that sell sports and fitness accessories are all factors driving this market's expansion.
North America is expected to hold the largest share of the gym bag market over the forecast period.
Get more details on this report -
With competitive price and timely delivery, LAMGOYl sincerely hope to be your supplier and partner.
Request Free Sample PDF
North America is expected to hold the largest share of the gym bag market over the forecast period. High levels of disposable income, strong health and wellness trends, and more consumer awareness are all contributing factors to the expansion. Growth in the market is further accelerated by the robust offline distribution channels and e-commerce industry in the area. In addition, the region's developing fast food culture and an increase in obesity-related illnesses are pushing people to look for preventive measures like joining gyms and fitness centres.
Europe is predicted to grow at the fastest pace in the gym bag market during the projected timeframe. The market's expansion is attributed to Europe&#;s rise in public awareness of the value of fitness and overall health. The presence of numerous physical stores selling fitness products, and the growing trend of consumers choosing high-end brands made with environmentally friendly materials and manufacturing techniques. The fashion and fitness industries' combined impact in the area, and the accessibility of the various product portfolios provided by multiple businesses.
Major vendors in the gym bag market are JensenLee, EVERLAST WORLDWIDE INC., Nike, Inc., ToteBagFactory, Herschel Supply Company, Adidas AG, Under Armour Inc., The North Face, Chateau Manufacturing, Gregory Mountain Products, DaKine (MARQUEE BRANDS), Puma SE, Harissons Bags, Aer Designs LLC, and others.
Recent Developments
- In June , Norda Introduced the First Ever Bio-Dyneema Bag, the most resilient and versatile duffel bag ever designed for trail runners.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from to . Spherical Insights has segmented the gym bag market based on the below-mentioned segments:
Global Gym Bag Market, By Product
Global Gym Bag Market, By Distribution Channel
Global Gym Bag Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
: +1 303 800 (the U.S.)
: +91 (APAC)
: ,
Contact Us: https://www.sphericalinsights.com/contact-us
Follow Us: LinkedIn | Facebook | Twitter
Want more information on Wholesale Gym Backpack? Feel free to contact us.
Comments
Please Join Us to post.
0