Fitness Apparel Industry Growth

According to the ihrsa international health racquet sportsclub association the 30 billion health and fitness industry in the u s. 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. Has been growing by at least 3 4 annually for the last.

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Sports apparel industry overview.

Fitness apparel industry growth. Sports apparel has been gaining traction in emerging market owing to rise in the affluent population. Press release global fitness clothing industry analysis size market share growth trend and forecast to 2025 published. 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. 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.

The global fitness apparel market can be segmented based on mode of sale end user and region. 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. Global sports and fitness clothing market. Global sports and fitness clothing market.

Europe and asia pacific are also likely to contribute to the revenue due to growing number of public sporting activities. 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. Jul 02 2020 the expresswire global fitness apparel market 2020 global industry research report is deep analysis by historical and current status of. Representing the developed world the united.

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. Based on mode of sale the market can be classified into retail stores and online stores. The online stores segment is likely to expand at a significant growth rate during the forecast period due the considerable rise of ecommerce. March 20 2020 at 9 17 a m.

The opportunities are brightest in underpenetrated emerging markets where there is a high correlation between economic growth and consumer spending on apparel. 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.