Gym & Training - Worldwide | Statista Market Forecast

In 2024, the revenue in the Gym & Training market worldwide amounts to US$35.8bn.
It is projected that the market will experience an annual growth rate of 1.40% (CAGR 2024-2029).
Among all countries, United States generates the highest revenue, with US$11bn in 2024.
In terms of per capita revenue, the Gym & Training market is projected to generate US$4.62 per person in 2024.
By 2029, the volume in the Gym & Training market is expected to reach 306.8m pairs units.
In 2025.0, the Gym & Training market is expected to exhibit a volume growth of 0.6%.
Additionally, the average volume per person in the Gym & Training market is expected to amount to 0.04pairs units in 2024.
The demand for eco-friendly and sustainable athletic footwear is increasing in many countries worldwide, including the United States, Canada, and the United Kingdom.

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.

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

Running shoes
Casual sneakers

Following the Sneakers segment, the Athletic Footwear segment is projected to see the second-largest increase in revenue numbers between 2022 and 2027. Although the segment accounted for the lowest revenue numbers in the Footwear market in 2022, it is expected to grow with the increasing implementation of the latest technologies and materials. Additionally, a rise in athletic footwear purchases can be observed following the hit of the COVID-19 pandemic. This upward trend can be attributed to an increased interest in sports.

The Athletic Footwear segment focuses on designs with materials other than polyester. Not only is having footwear made from knit technology or lightweight, breathable, and durable fabrics of importance to consumers, but it also has a positive impact on the environment. As such, key players in the market are aiming to make the manufacturing process as sustainable as possible in order to produce environmentally-friendly shoes.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

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.