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05/23/2022

Athletic Apparel Market Steadily Growing, to Reach Nearly $385 Billion by 2032

The gym apparel category is steadily growing, giving retailers an idea of what customers are seeking when it comes to private brand clothing options.
Zachary Russell
Associate Editor
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Amazon Made for You
Made for You athletic shirt from Amazon

A new study from Future Market Insights (FMI) shows that the athletic apparel market is steadily growing. The gym apparel market share is expected to reach $384.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2%.

Some of the largest retailers have expanded private brand athletic apparel selections in recent months. In April, Amazon added athletic shirts to its Made for You brand, which features customizable fitting. Weeks later, Walmart launched its new activewear and swimwear brand Love & Sports.

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,” said FMI. “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.”

With the market growing, more retailers will likely expand their private brand athleticwear offerings. Key takeaways from the study, which looked at name brands such as Adidas, Columbia, Nike and more, include the following:

  • 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 growth rate of nearly 4% during the forecast period.
  • Online retailers or eCommerce platforms are the rapidly expanding segments for the global gym apparel market future trends on the basis of the supply chain.

The full report can be found here.