The sports equipment market has been making significant strides, with a reported revenue of US$ 10 Bn in 2024, according to the publisher. The demand for sports equipment is on the rise, with top market players holding a prominent. The global market for sports equipment is expected to reach a remarkable US$ 15.8 Bn by 2031.
The surge in the sports equipment market is attributed to several factors. The ongoing innovations and rapid technological progress have allowed the industry to keep up with shifting consumer preferences. Moreover, the increasing awareness of the benefits of a healthy lifestyle and participation in sports and fitness activities is further fueling demand.
However, the COVID-19 pandemic has posed challenges, causing disruptions to financial flows and uncertainties in long-term turnout for the sports and fitness sector. Market participants have been strategizing to navigate these challenges.
One of the key drivers of market growth has been the increasing popularity of online retailing. The rapidly growing availability of sports equipment in online sales channels, along with the rise in e-commerce and m-commerce activities, has significantly contributed to the industry's success. The online platform offers customers a wide range of products, easy product comparison, and access to customer reviews, making it a preferred choice for many.
Product innovation has played a pivotal role in developing new sports equipment. Technologies providing insights into player performance and techniques have enhanced the appeal of these products. Promotional strategies and sales promotions, including coupons, discounts, and memberships, have also been powerful tools driving market growth. Interactive marketing and sponsorships of sporting events have played a crucial role in sparking interest and increasing participation.
Despite the growth opportunities, manufacturers face challenges due to various standards imposed on sports equipment design. These standards, such as those in the tennis equipment market, dictate aspects like grip size, string area, racquet length, and more, which can be a hurdle for manufacturers, impacting market growth.
United Kingdom: Government initiatives promoting physical activities and the proven health benefits of sports disciplines like cycling, swimming, racquet sports, and aerobics are contributing to market proliferation in the U.K.
India: India's sports equipment market is thriving with the support of sports federations, private organizations, and league-based tournaments. Growing viewership in rural areas, rising sports startups, and increased female participation in sports activities are further boosting investments in sports infrastructure and equipment.
This product will be delivered within 1-3 business days.
The surge in the sports equipment market is attributed to several factors. The ongoing innovations and rapid technological progress have allowed the industry to keep up with shifting consumer preferences. Moreover, the increasing awareness of the benefits of a healthy lifestyle and participation in sports and fitness activities is further fueling demand.
However, the COVID-19 pandemic has posed challenges, causing disruptions to financial flows and uncertainties in long-term turnout for the sports and fitness sector. Market participants have been strategizing to navigate these challenges.
One of the key drivers of market growth has been the increasing popularity of online retailing. The rapidly growing availability of sports equipment in online sales channels, along with the rise in e-commerce and m-commerce activities, has significantly contributed to the industry's success. The online platform offers customers a wide range of products, easy product comparison, and access to customer reviews, making it a preferred choice for many.
Product innovation has played a pivotal role in developing new sports equipment. Technologies providing insights into player performance and techniques have enhanced the appeal of these products. Promotional strategies and sales promotions, including coupons, discounts, and memberships, have also been powerful tools driving market growth. Interactive marketing and sponsorships of sporting events have played a crucial role in sparking interest and increasing participation.
Despite the growth opportunities, manufacturers face challenges due to various standards imposed on sports equipment design. These standards, such as those in the tennis equipment market, dictate aspects like grip size, string area, racquet length, and more, which can be a hurdle for manufacturers, impacting market growth.
Country-wise Analysis:
United States: The U.S. market is witnessing increased sales, driven by a growing number of children and adults participating in physical activities. Increased calorie-burning exercises incorporated into daily routines and awareness of the health benefits are propelling market growth.United Kingdom: Government initiatives promoting physical activities and the proven health benefits of sports disciplines like cycling, swimming, racquet sports, and aerobics are contributing to market proliferation in the U.K.
India: India's sports equipment market is thriving with the support of sports federations, private organizations, and league-based tournaments. Growing viewership in rural areas, rising sports startups, and increased female participation in sports activities are further boosting investments in sports infrastructure and equipment.
Competitive Analysis
Key Companies Profiled
- Amer Sports.
- Adidas AG.
- Callaway Golf Company.
- PUMA SE.
- Cabela’s incorporated.
- GLOBERIDE, Inc.
- MIZUNO Corporation.
- Nike Inc.
- Jarden Corporation.
- YONEX Co., Ltd.
- Others
Key Segments Covered in Sports Equipment Industry Research
Product Type
- Balls
- Sticks, Bats and Clubs
- Nets and Goals
- Rods and Tackles
- Gears
- Other Sports Equipment
End User
- Men
- Women
- Teens
Sales Channel
- Multi Brand Stores
- Mono Brand Stores
- Franchise Store
- Company Owned Stores
- Sporting Goods Stores
- Online Retails
- Direct Store
- Indirect Store
- Other Sales Channel
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Global Sports Equipment Market Outlook, 2018 - 2031
4. North America Sports Equipment Market Outlook, 2018 - 2031
5. Europe Sports Equipment Market Outlook, 2018 - 2031
6. Asia Pacific Cassava Starch Market Outlook, 2018 - 2031
7. Latin America Sports Equipment Market Outlook, 2018 - 2031
8. Middle East & Africa Sports Equipment Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned
- Amer Sports
- Adidas AG.
- Callaway Golf Company.
- PUMA SE.
- Cabela’s incorporated.
- GLOBERIDE, Inc.
- MIZUNO Corporation.
- Nike Inc.
- Jarden Corporation.
- YONEX Co., Ltd.
Methodology
LOADING...
