Fitness Apparel Industry Growth

According to the ihrsa international health racquet sportsclub association the 30 billion health and fitness industry in the u s. This growth in market size will be attributed to increasing health awareness worldwide and continuing popularity of fitness activities such as yoga running aerobics and other gym activities. Europe and asia pacific are also likely to contribute to the revenue due to growing number of public sporting activities.

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Press release global fitness clothing industry analysis size market share growth trend and forecast to 2025 published.

Fitness apparel industry growth. Global sports and fitness clothing market. The online stores segment is likely to expand at a significant growth rate during the forecast period due the considerable rise of ecommerce. Representing the developed world the united. The market for fitness and sports apparel is expected to increase more than usd 50 billion between 2018 2023 accelerating at a cagr of more than 5 during the forecast period.

The global fitness apparel market can be segmented based on mode of sale end user and region. Sports apparel industry overview. The opportunities are brightest in underpenetrated emerging markets where there is a high correlation between economic growth and consumer spending on apparel. Furthermore growth in health awareness and increase in adoption of fitness activities such as aerobics swimming running and yoga among consumers drive the market growth.

It has been expected that north america will emerge as a prominent region in the global market due to the rising demand for children sports apparel and women fitness wear. Has been growing by at least 3 4 annually for the last. March 20 2020 at 9 17 a m. Add up the collective advantages of sportswear makers and they tend to have greater pricing power faster growth and better returns on capital than the rest of the apparel industry.

By body type the lower body segment accounted for highest share in the lateral fitness equipment market growth in 2019 and is projected to grow at a cagr of 10 1 from 2020 to 2027. Jul 02 2020 the expresswire global fitness apparel market 2020 global industry research report is deep analysis by historical and current status of. Global sports and fitness clothing market. Poised to reach over us 195 9 billion by the year 2025 sports apparel will bring in healthy gains adding significant momentum to global growth.

Based on mode of sale the market can be classified into retail stores and online stores. Sports apparel has been gaining traction in emerging market owing to rise in the affluent population.