Global Gym Bag Market to reach USD 1.99 billion by 2027.
Global Gym Bag Market is valued approximately at USD 1.16 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8% over the forecast period 2021-2027. Gym bags are generally made up of polyester material and possess good strength due to which they can be used for a longer period of time. Growing number of gyms and fitness centres in the world, rising consumer awareness regarding healthy lifestyle and rapidly increasing e-commerce sector is leading the market of gym bags towards growth. For instance, according to Statista, number of fitness facilities in United Kingdom has increased from 2642 in 2016 to 3419 in 2018. Furthermore, new product launches and technological advancements in gym bags are expected to fuel the growth in the coming years. For instance, in 019, Activin Cargo launched anti-theft sports bag, which comprises of three levels of security, a 3 digit combination lock, a retractable steel cable and anti-puncture proof zipper, to prevent theft. However, fluctuation in prices of raw material is expected to hamper the growth during forecast period.

Among the regions considered for regional analysis of gym bag market, that are Asia Pacific, North America, Europe, Latin America and Rest of the World, North America is the market leader in terms of revenue due to rising consumer awareness regarding fitness and increasing demand for gyms and associated accessories. Whereas, Asia Pacific is expected to grow at the highest growth rate due to increasing disposable income and an increased spending by consumers on their lifestyle.
Major market player included in this report are:

Jensen Lee
Everlast Worldwide, Inc.
Chateau Manufacturing
Harissons
Nike, Inc.
ToteBagFactory
Herschel Supply Co. USA
Adidas AG
LBU Inc.
Universal Promo Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Duffle
Drawstring
Others
By Distribution Channel:
Online
Offline


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Gym Bag Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors