PUBLISHER: KBV Research | PRODUCT CODE: 1575687
PUBLISHER: KBV Research | PRODUCT CODE: 1575687
The North America Gym Bag Market would witness market growth of 10.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 9,913.70 thousand units, showcasing a growth of 14.3% (2020-2023).
Gym bag sales through offline channels, such as sporting goods stores, department stores, and specialty retailers, continue to hold a significant market share due to the tactile shopping experience they offer. Many consumers prefer to physically inspect gym bags, assessing their size, material quality, and functionality before purchase. Thus, the Canada market is expected to sale 2,084.77 thousand units of gym bag by offline distribution channel.
The US market dominated the North America Gym Bag Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $820.6 Million by 2031. The Canada market is experiencing a CAGR of 12% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.8% during (2024 - 2031).
Gym bags serve various applications that cater to different user needs, making them an essential accessory for anyone engaged in fitness activities. Gym bags are ideal for carrying essentials to various fitness classes, like pilates, yoga, or spinning. Their organized compartments help users store specific gear, like yoga mats, weights, and exercise bands, ensuring that everything needed for different classes is easily accessible.
Additionally, Many urban commuters use gym bags to transition seamlessly between work and workouts. These bags often accommodate both professional attire and gym essentials, allowing users to hit the gym before or after work without needing an additional change of clothing or carrying multiple bags.
The surge in e-commerce is driving the gym bag market in several keyways. Firstly, the increasing number of e-commerce users means a larger customer base for online retailers. As more Mexicans turn to online shopping for convenience and variety, the demand for gym bags is rising. Consumers can easily browse, compare, and purchase gym bags from various brands and retailers without leaving their homes. The ease of online shopping and access to a wide range of products encourages more gym bag purchases.
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Gender, the market is segmented into Men, Women, and Kids. Based on Product, the market is segmented into Duffle, Drawstring, and Other Products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Gym Bag Market Report Segmentation
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Gender (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)