Industry Background:
The global workout bag market is expected to witness a high growth in near future owing to changing consumer preferences towards healthy lifestyles and increasing disposable income of middle class population. The rising awareness about health and fitness and growing trend of gyming are creating the opportunities for the workout bag market. However, the strong competition amongst the manufacturer of workout bag is creating the challenge for the market.This growth is primarily driven by Changing Consumer Preferences towards Healthy Lifestyles
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nike, Inc. (United States), Adidas (Germany), Decathlon Group (France), VF Corporation (United States), Under Armour (United States), Puma SE (Germany), ASICS (Japan), Mizuno Corporation (Japan), Armani (Italy) and Li Ning (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2020, Zydus Cadilla, an Indian pharmaceutical major, announced that it’s plasmid DNA vaccine candidate for, COVID-19 (ZyCoV-D) developed indigenously at its Vaccine, Technology Centre in Ahmedabad, India has successfully completed the preclinical phase and has received permission from the DGCI - CDSCO to and initiate Phase I/II human clinical trials in India
In February 2022,OGIO Europe have launched a new range of fitness bags that are ready to shake up the sport and leisure industry. Launched in February, this new line of OGIO bags is perfect for those new year health resolutions that are still going strong.Leading key players of workout bag market are focusing on strategic partnerships to improve their products and services. And also companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Rise in Awareness about Health and Fitness
Market Growth Drivers:
Changing Consumer Preferences towards Healthy Lifestyles and Increasing Disposable Income of Middle Class Population
Challenges:
Increasing Competition in the market
Restraints:
Lack of Adoption in Developing Region
Opportunities:
High Potential Growth Offered by Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Workout Bag Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Workout Bag Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Workout Bag players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Workout Bag Study Sheds Light on
The Workout Bag Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Workout Bag industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Workout Bag industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.