The global gym bag market size valued at USD 1.0 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2019 to 2025. Increasing focus on health and fitness among the global population is the key factor driving demand. Moreover, rising usage of fitness products and accessories, such as specialty shoes, headphones, water bottle, towels, and post workout snacks, has driven the demand for special bags that are built to carry these items with ease. This has benefited the market over the years.
The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the health and fitness sector. Surge in new product launches and the impact of ecommerce are other key factors driving the global market. Leading manufacturers are looking to cater to varying consumer requirements when it comes to a gym bag. These are then being made available across a host of online and offline distribution channels.
Increasing number of people turning to healthier lifestyles has also inspired several multinational companies to encourage their employees to take up health and fitness club memberships, a trend that is likely to give the market a boost. Gym bags that are compatible with various smart and connected devices is a lucrative opportunity for players in the market. The market is also anticipated to be driven by growth in the wellness and tourism industry, especially in developing countries such as China and India. These countries have been witnessing a surge in fitness clubs and centers to attract tourists and this will have a positive influence on product demand over the forecast period.
Local manufacturers have been aiming to compete with leading players by focusing on innovative and attractive products. For instance, the launch of anti-theft bags with smart in-built charging ports, RFID tracking and blocking options, locking pockets, and anti-slashing fabric is a new trend in the industry and takes into account various consumer requirements. Increasing advertising and promotional activities have also educated consumers on the various features and benefits of such a gym bag.
The duffle bag segment accounted for a leading share of 72.7% in the global market in 2018. Being larger, these bags have more space to carry multiple items. Duffels with several pockets and zippers and separate compartments are more appealing to consumers as they are more convenient and useful. Growing brand awareness and increase in sales of fitness and health products among millennials is also influencing segment growth. The drawstring bags segment is expected to exhibit the highest CAGR of 9.5% from 2019 to 2025. Drawstring bags are easier to carry and are more durable, resulting in rising demand for the same. Their easy opening and closing also makes them a hit among users.
The offline channel dominated the gym bag market in 2018, accounting for a share of 86.6% that year. Growth in offline sales is driven by consumers preferring to purchase gym bag that can be checked in person, in terms of quality, size and dimensions, and space provided. Moreover, a wide range of products are available in supermarkets, hypermarkets, and specialty stores, with various brand options from different suppliers. Strong presence of such offline distribution channels will continue to benefit this segment.
The online segment is estimated to register the fastest CAGR of 9.3% over the forecast period. The segment is driven by a thriving e-commerce sector, with the presence of websites such as Amazon, eBay, Alibaba, Flipkart, and BestBuy. These sites offer a host of gym bag and accessories at attractive prices. Easy payment and delivery options make online shopping increasingly convenient for consumers, thereby boosting segment growth.
In terms of value, North America held the largest share in 2018, accounting for 38.3% of the market. The market is driven by a rise in consumer awareness regarding fitness and increasing demand for gym and associated accessories. Moreover, rise in spending on fitness clubs in the U.S. is anticipated to drive regional growth over the forecast period. Revenue generated through health and fitness clubs in North America is anticipated to rise at a CAGR of over 5.0% during the forecast period, and accounted for about 40.0% of the global market in 2018.
Central and South America is expected to register the highest CAGR of 10.7% over the forecast period, on account of surge in health consciousness among the population, especially in Brazil and Argentina. Evolving lifestyle habits and patterns of people in the region has also spurred demand for gym essentials in the market. Increase in the number of health clubs in the region is also expected to drive the market over the forecast period. Increasing disposable income in India, South Korea, China, and Japan is expected to render these markets in Asia Pacific highly lucrative. Rising spending by consumers on lifestyle products is another factor likely to boost the Asia Pacific market.
The market is characterized by several strategic activities, such as acquisitions, mergers, product innovations, and capacity expansions initiated by leading manufacturers in the industry. Growing preference for fashionable, trendy, and premium products has driven players to up their game and offer unique products. Demand for gym accessories and essentials in Brazil, Germany, Mexico, and Italy, thanks to the growth of the health and wellness industry, has a number of players focusing on these lucrative markets. Some of the prominent players in the gym bag market include:
JensenLee
Everlast Worldwide, Inc.
Chateau Manufacturing
Harissons
Nike, Inc.
ToteBagFactory
Herschel Supply Co. USA
Adidas AG
Report Attribute |
Details |
Market size value in 2020 |
USD 1.19 billion |
Revenue forecast in 2025 |
USD 1.75 billion |
Growth Rate |
CAGR of 7.96% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD billion and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, distribution channel, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Germany; U.K.; France; China; Japan; Brazil; South Africa |
Key companies profiled |
JensenLee; Everlast Worldwide, Inc.; Chateau Manufacturing; Harissons; Nike, Inc.; ToteBagFactory; Herschel Supply Co. USA; Adidas AG |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global gym bag market report on the basis of product, distribution channel, and region:
Product Outlook (Revenue, USD Billion, 2015 - 2025)
Duffle
Drawstring
Others
Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Online
Offline
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
North America
The U.S.
Europe
Germany
The U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
b. The global gym bag market size was estimated at USD 1.10 billion in 2019 and is expected to reach USD 1.19 billion in 2020.
b. The global gym bag market is expected to grow at a compound annual growth rate of 7.96% from 2019 to 2025 to reach USD 1.75 billion by 2025.
b. North America dominated the gym bag market with a share of 38.3% in 2019. This is attributable to rising consumer awareness regarding physical fitness and increased demadn for aesthetically better looking accessories.
b. Some key players operating in the gym bag market include JensenLee; Everlast Worldwide, Inc.; Chateau Manufacturing; Harissons; Nike, Inc.; ToteBagFactory; Herschel Supply Co. USA; and Adidas AG.
b. Key factors that are driving the market growth include the increasing number of gyms in Asian countries and the increasing number of product launches worldwide.
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The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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