PUBLISHER: KBV Research | PRODUCT CODE: 1575689
PUBLISHER: KBV Research | PRODUCT CODE: 1575689
The Asia Pacific Gym Bag Market would witness market growth of 12.3% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 26,823.78 thousand units, showcasing a growth of 16.6% (2020-2023).
Duffle bags are versatile, cylindrical bags commonly used for travel, sports, and gym purposes due to their spacious interiors and lightweight design. They offer easy access and organization with multiple compartments, making them ideal for carrying clothes, shoes, and gear. Thus, the China market is expected to utilize 10,182.96 thousand units of duffle bag by 2031.
The China market dominated the Asia Pacific Gym Bag Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $256.5 Million by 2031. The Japan market is showcasing a CAGR of 11.6% during (2024 - 2031). Additionally, The India market would register a CAGR of 13% during (2024 - 2031).
Personal trainers and coaches use gym bags to carry their equipment, such as resistance bands, weights, and fitness guides. The convenience of a gym bag allows them to offer personalized training sessions in various locations, including parks or clients' homes.
Additionally, professional sports teams often utilize gym bags for players to carry personal items, uniforms, and gear to practices and games. Custom bags featuring team logos can enhance team spirit and camaraderie among athletes.
The increasing rates of physical activities in Australia are significantly impacting the growth of the gym bag market. According to the Australian Bureau of Statistics, in 2022, one in five (22.4%) adults aged 18-64 met the physical activity guidelines, up from one in six (17.0%) in 2017-18. Additionally, two in three (67.4%) undertook at least some physical activity five or more days a week. This upward trend in physical activity levels reflects a growing awareness and commitment to health and fitness among Australians.
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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific 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)