The Gym Bag Market is Predict to reach USD 3.2 Billion by 2031, at a CAGR of 11.5%

16-Oct-2024 | Report Format: Electronic (PDF)

Gym Bag Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Gym Bag Market size is expected to reach $3.2 billion by 2031, rising at a market growth of 11.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 57,289.42 thousand units, experiencing a growth of 15.6% (2020-2023).

The Online segment is anticipating a CAGR of 13.5% during (2024 - 2031). Many consumers find online purchasing appealing due to the ease of comparing prices, the ability to read reviews, and the convenience of browsing various products from the comfort of their homes. Additionally, various promotions, discounts, and the availability of exclusive online models further enhance the appeal of purchasing gym bags through digital platforms.

Gym Bag Market Size - By Region

The Men segment is leading the Global Gym Bag Market by Gender in 2023; thereby, achieving a market value of $1.8 billion by 2031. This could be attributed to several factors, including a growing fitness culture among men, increased participation in gym activities, and a trend toward fashion-forward gym accessories. Men typically seek gym bags that are durable, spacious, and versatile, accommodating both workout gear and everyday essentials.

The Drawstring segment is registering a CAGR of 12% during (2024 - 2031). Drawstring bags are valued for their lightweight and convenient design, making them ideal for quick trips to the gym or casual outings. Their affordability further enhances their appeal, especially among younger consumers and those who prefer a minimalist approach to carrying their essentials. The popularity of drawstring bags is also evident in sports events and schools, which provide practical solutions for carrying gear and supplies.

Full Report: https://www.kbvresearch.com/gym-bag-market/

The North America region dominated the Global Gym Bag Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.2 billion by 2031. The Europe region is experiencing a CAGR of 11.1% during (2024 - 2031). Additionally, The Asia Pacific market region exhibit a CAGR of 12.3% during (2024 - 2031).