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Gym & Training - Southern Asia

Southern Asia
  • In Southern Asia, the revenue in the Gym & Training market is projected to reach US$863.6m by 2024.
  • The market is expected to grow annually by 3.46% (CAGR 2024-2029).
  • Interestingly, United States generates the highest revenue in the Gym & Training market, with an estimated revenue of US$11bn in 2024.
  • In terms of per capita income, the revenue generated per person in Southern Asia is US$0.45 in 2024.
  • Looking ahead, by 2029, the expected volume in the Gym & Training market is 14.1m pairs.
  • The market is projected to grow by 1.8% in 2025.0.
  • Additionally, the average volume per person in the Gym & Training market is expected to be 0.01pairs in 2024.
  • Athletic footwear brands are tapping into India's growing fitness culture, with a focus on affordability and durability.

Definition:

The Gym & Training footwear market encompasses shoes designed for various fitness and gym activities, including weightlifting, cross-training, aerobics, and other sports. These shoes offer support, flexibility, and traction to enhance performance and safety during workouts.

Additional Information:

The market includes revenue and average revenue per capita, volume and average volume per capita, price per unit (per pair), and sales channels data. Both online and offline distribution channels are relevant. Key players in this market are Nike, Reebok, Under Armour, and Puma.

In-Scope

  • tennis shoes
  • basketball shoes
  • soccer shoes
  • Cross-training shoes
  • Weightlifting shoes
  • Aerobics shoes
  • General fitness shoes

Out-Of-Scope

  • Running shoes
  • Casual sneakers
Gym & Training: market data & analysis - Cover

Market Insights report

Gym & Training: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Feb 2023

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The overall outlook for the fashion industry remains positive as the share of the apparel and footwear portfolio is expected to decline only slightly, leading to enormous overall growth potential. The most important driver for the global footwear market is the increasing importance of emerging markets not only as production sites but also as consumer markets. This indicates a strong impetus for producers and retailers to diversify their geographical presence to enable further growth. Additionally, the athleisure trend that combines comfort with chic and has elevated functional sportswear to coveted fashion statements is bound to continue.

    Methodology

    Data coverage:

    Data encompasses B2C enterprises. Figures are based on the consumer spending on footwear which comprises Sneakers, Athletic Footwear, Leather Footwear, and Textile & Other Footwear segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

    Modeling approach / Market size:

    Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index, and population. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Footwear market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional Notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

    Consumer

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    Gym & Training: market data & analysis - BackgroundGym & Training: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Global footwear market - statistics & facts

    The global footwear market is a multi-billion U.S. dollar industry. A part of the clothing and apparel industry, the footwear market is comprised of shoes, sneakers, luxury footwear, athletic footwear, and sporting shoes, as well as other related goods. Footwear products are commonly made of leather, textile, and a range of synthetic materials. In 2023, the revenue of the global footwear market was estimated to be worth almost 400 billion U.S. dollars.
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