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The analysis predicts that by 2030, the global sports equipment market will be worth USD 97.20 billion, expanding at a healthy CAGR of 5.20% throughout the period of study.
Different sports require different sets of equipment, which include things like specific clothing, footwear, and tools. Various types of protective gear, nets, and balls are used. Sports gear serves as both a useful tool and a necessary safety measure for players. Sports today call for increasingly sophisticated safety gear due to the prevalence of serious injuries. You can buy sports gear at any sporting goods store or retail store. The growth rate of the global market for sports equipment has skyrocketed in recent years.
The market's rise is mostly due to the increased engagement in recreational and sporting activities. The market is expected to grow as a result of a number of factors, including the increasing need to deal with stress, the increasing focus on health, the rapid adoption of new technologies, and the increasingly sedentary lifestyles of the younger working-class population. In addition, increased disposable income, expanding urban centers, and rising standards of life are all factors that should increase demand for this machinery in the coming years.
The popularity of major sporting events on a national and international scale, such as the FIFA World Cup, Olympic Games, and Cricket World Cup, is also contributing to the expansion of this industry. Demand for fitness and sports equipment is increasing as more people try to prevent or treat stress- and obesity-related health problems by exercising and spending time outdoors. Increasing accessibility to well-known worldwide manufacturers of sports equipment is also influencing demand. The increasing number of women in competitive sports is one element that could spur expansion. BBC reports that in 2018, the gap between men's and women’s sports participation in England shrank to 1.55 million.
The gap is further predicted to diminish over the next years and this will have a favorable impact on the demand for equipment. Awareness of the positive effects of these activities on children's physical growth has led to a gradual increase in spending on such equipment in recent years. The markets in India and China provide great potential for sales of sporting gear. Product demand is increasing rapidly in these countries as a result of rising disposable income and improving living standards of the customers. The region's low production costs and thriving manufacturing sector are also expected to contribute to the region's market growth.
The sports equipment business as a whole shrank the greatest and had numerous difficulties as a result of the Covid-19 epidemic. Most stores, labels, and factories have to take a major financial hit. The rate of growth throughout the economy drops to rock bottom. Production halted because of the lockdown limitations and a lack of available manual laborers. The market for sports equipment has also been hit by supply chain problems. However, the Market has recovered and revenue has increased as a result of increased demand from consumers following the lifting of shutdown limitations. People are increasingly health conscious and inclined toward sports as a result of the covid-19 pandemic increase. Therefore, driving up industry demand. The Market is able to weather storms because of the newer market trends and the persistent efforts of market participants.
The market for sports equipment continues to soar as a result of numerous opportunities. However, this Market is not without its restrictions. During the height of the pandemic, restrictions on the production and use of sporting goods made life difficult for the business as a whole. This is the primary barrier to the expansion of the market. Furthermore, some consumers' perception that sports equipment is too costly may restrain the market growth. The sports equipment market is expanding for a variety of reasons, but it may be hampered from reaching its full potential by a few obstacles. Currency fluctuations are one such difficulty that could slow down the expansion of the sector. Counterfeit sports goods are another factor that can prevent the market share from reaching its full potential.
Report Coverage
Global Sports Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sports Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sports Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sports Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sports Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sports Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kering S.A. (France), Nike, Inc. (US), ANTA Sports Products Limited (China), Adidas AG (Germany), Quiksilver, Inc. (Australia), Callaway Golf Company (US), Sports Direct International plc (UK), BPS, Direct, LLC (US), Shenzhen Taishan Sports Technology Co., Ltd (China), Globeride, Inc. (Japan), MIZUNO Corporation (Japan), Yonex Co., Ltd (Japan), Black Diamond Equipment, Ltd (US), New Balance Athletics, Inc. (US), Daei Sportswear & Equipment (Iran)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sports Equipment market based on the below-mentioned segments:
Global Sports Equipment Market, By Product
Ball over net games
Ball games
Fitness/Strength equipment
Athletic training equipment
Others
Global Sports Equipment market, By Distribution Channel
Online retail
Specialty & sports shops
Department & discount stores
Global Sports Equipment market, Regional Analysis
Different sports require different sets of equipment, which include things like specific clothing, footwear, and tools. Various types of protective gear, nets, and balls are used. Sports gear serves as both a useful tool and a necessary safety measure for players. Sports today call for increasingly sophisticated safety gear due to the prevalence of serious injuries. You can buy sports gear at any sporting goods store or retail store. The growth rate of the global market for sports equipment has skyrocketed in recent years.
The market's rise is mostly due to the increased engagement in recreational and sporting activities. The market is expected to grow as a result of a number of factors, including the increasing need to deal with stress, the increasing focus on health, the rapid adoption of new technologies, and the increasingly sedentary lifestyles of the younger working-class population. In addition, increased disposable income, expanding urban centers, and rising standards of life are all factors that should increase demand for this machinery in the coming years.
The popularity of major sporting events on a national and international scale, such as the FIFA World Cup, Olympic Games, and Cricket World Cup, is also contributing to the expansion of this industry. Demand for fitness and sports equipment is increasing as more people try to prevent or treat stress- and obesity-related health problems by exercising and spending time outdoors. Increasing accessibility to well-known worldwide manufacturers of sports equipment is also influencing demand. The increasing number of women in competitive sports is one element that could spur expansion. BBC reports that in 2018, the gap between men's and women’s sports participation in England shrank to 1.55 million.
The gap is further predicted to diminish over the next years and this will have a favorable impact on the demand for equipment. Awareness of the positive effects of these activities on children's physical growth has led to a gradual increase in spending on such equipment in recent years. The markets in India and China provide great potential for sales of sporting gear. Product demand is increasing rapidly in these countries as a result of rising disposable income and improving living standards of the customers. The region's low production costs and thriving manufacturing sector are also expected to contribute to the region's market growth.
The sports equipment business as a whole shrank the greatest and had numerous difficulties as a result of the Covid-19 epidemic. Most stores, labels, and factories have to take a major financial hit. The rate of growth throughout the economy drops to rock bottom. Production halted because of the lockdown limitations and a lack of available manual laborers. The market for sports equipment has also been hit by supply chain problems. However, the Market has recovered and revenue has increased as a result of increased demand from consumers following the lifting of shutdown limitations. People are increasingly health conscious and inclined toward sports as a result of the covid-19 pandemic increase. Therefore, driving up industry demand. The Market is able to weather storms because of the newer market trends and the persistent efforts of market participants.
The market for sports equipment continues to soar as a result of numerous opportunities. However, this Market is not without its restrictions. During the height of the pandemic, restrictions on the production and use of sporting goods made life difficult for the business as a whole. This is the primary barrier to the expansion of the market. Furthermore, some consumers' perception that sports equipment is too costly may restrain the market growth. The sports equipment market is expanding for a variety of reasons, but it may be hampered from reaching its full potential by a few obstacles. Currency fluctuations are one such difficulty that could slow down the expansion of the sector. Counterfeit sports goods are another factor that can prevent the market share from reaching its full potential.
Report Coverage
Global Sports Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sports Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sports Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sports Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kering S.A. (France), Nike, Inc. (US), ANTA Sports Products Limited (China), Adidas AG (Germany), Quiksilver, Inc. (Australia), Callaway Golf Company (US), Sports Direct International plc (UK), BPS, Direct, LLC (US), Shenzhen Taishan Sports Technology Co., Ltd (China), Globeride, Inc. (Japan), MIZUNO Corporation (Japan), Yonex Co., Ltd (Japan), Black Diamond Equipment, Ltd (US), New Balance Athletics, Inc. (US), Daei Sportswear & Equipment (Iran) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Sports Equipment Market from 2021 to 2030.
- Market Forecast for Sports Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Sports Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sports Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sports Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sports Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kering S.A. (France), Nike, Inc. (US), ANTA Sports Products Limited (China), Adidas AG (Germany), Quiksilver, Inc. (Australia), Callaway Golf Company (US), Sports Direct International plc (UK), BPS, Direct, LLC (US), Shenzhen Taishan Sports Technology Co., Ltd (China), Globeride, Inc. (Japan), MIZUNO Corporation (Japan), Yonex Co., Ltd (Japan), Black Diamond Equipment, Ltd (US), New Balance Athletics, Inc. (US), Daei Sportswear & Equipment (Iran)
Primary Target Market
- Market Players of Sports Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sports Equipment market based on the below-mentioned segments:
Global Sports Equipment Market, By Product
Ball over net games
Ball games
Fitness/Strength equipment
Athletic training equipment
Others
Global Sports Equipment market, By Distribution Channel
Online retail
Specialty & sports shops
Department & discount stores
Global Sports Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the sports equipment market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.