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The growth in the market in coming years can be seen due to surge in awareness among the consumers. Increase in usage of fitness accessories like sport shoes, headphone, water bottle, protein shakers, post workout meal, towel, and supplements drives the industries to manufacture special gym bags that can hold these items with ease. In addition the cost of the bags and the material used are considered to create these bags. These bags hold various heavy items and therefore are manufactured in a particular way.Companies Covered
Nike, Inc., Adidas AG, Under Armour, Inc., DaKine, JensenLee, Everlast Worldwide, Harissons, Herschel Supply Co. USA, ToteBagFactory, Chateau Manufacturing, Wildcraft, PUMA SE.
COVID-19 Impact analysis
Gym bags were in significant demand prior to COVID-19. As the increase in demand for the product was completely based on the consumers preferences, manufacturing industry brought out new products in the last years. Surge in awareness in the fitness and use of various accessories made way for introduction of new products in the market.
Moreover, COVID-19 led to increase in demand for various other products in the health care sector which in turn decreased the production and demand for gym bags. Gyms were closed during the pandemic, thus the end users were involved in home fitness which decreased the usage of gym bags.
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Manufactures of these products have a better opportunity in developing the bags which can be used by the health care industry to carry various equipment used to treat COVID-19 patients. Gym bags had a positive impact in certain areas, which include storing the COVID-19 treating medicines and other precautionary accessories.
Top Impacting Factors
Increase in number of people turning to healthier lifestyles has inspired big multinational companies to provide various gym memberships and other health accessories, a trend which boost the market growth.
Gym bags which are capable of having smart devices installed in them and provide connection facilities make way for lucrative growth opportunities for the players in market.
Market is anticipated to experience growth due to awareness in wellness and tourism industry, especially in the developing countries like China and India. Surge in development of fitness clubs and health centers to attract tourists boosts the growth of the market.
Local manufactures are trying to compete with big multinational companies by providing the same product but in bit cheaper way. Price of the gym bags plays a crucial role in the growth of the gym bags market.
Market Trends
New product launches to flourish the market
The launch of new products that contain improved capabilities have gained popularity among the end users. Manufacturers have thus taken necessary steps to improve overall functionality of the gym bags. One of the top rated gym bags is Nike Brasilia Duffle bag. This bag outperforms all the other bags in its ample size, carry comfort and durability.
Other example of best quality gym bag is Puma Men’s Contender bag, best in its class and in price point. It is rugged and tough which can be used for solo sports events or team events. The padded bottom panel adds better abrasion-resistance to the bag. It has a separate compartment to store sweaty footwear along with multiple zip pockets to store shower accessories.
Developing technology has made top players in the market to utilize the technology and put it into the product and develop new product as per the consumer’s requirement. Under Armour Hustle Back pack is a durable carrier made from long lasting polyester and provides UA storm technology, a water and wind resistant finish. It also provides the adjustable HeatGear in shoulder strap. These bags are best for regular runs.
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Key Segments Covered
Product Type
Duffle Bags
Drawstring Bags
Others
Gender
Men
Women
Kids
Distribution Channel
Online
Offline
Others
Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Benefits of the Report
This study presents the analytical depiction of the Gym Bag industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Gym Bag market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight the Gym Bag market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Gym Bag market analysis based on competitive intensity and how the competition will take shape in coming years
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Questions answered in the Report
Who are the leading market players active in the Gym Bag market?
What current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
What is "Gym Bag" Market prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the driving factors and opportunities in the market?
What are the current trends and predicted trends?
What are the challenges faced in the "Gym Bag" Market?
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Name: David Correa
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Organization: Allied market research
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Website: https://www.alliedmarketresearch.com/
Release ID: 89034448
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