Sports Equipment Market Overview
As per Stellar Market Research, a global business research and consultancy firm, the total global market for “Sports Equipment Market” was US$ 399.18 Bn. in 2023 and is expected to grow at a CAGR of 6.4% over the forecast period to reach US$ 616.25 Bn. by 2030.
Sports Equipment Market Scope and Methodology
The report offers a comprehensive analysis of the Sports Equipment Market, providing key insights into pricing, investments, expansion plans, and physical presence in the market. The market estimations and growth rates are derived using a bottom-up approach, ensuring accuracy and reliability. A detailed examination is conducted on the drivers, restraints, opportunities, and challenges influencing the Sports Equipment Market. It includes information on the revenue, financial standing, portfolio, technology adoption, merger and acquisition activities, joint ventures, and strategic alliances of the top players in the market. The report also highlights their local market shares, contributing to the competitive environment within the Sports Equipment market. Regional analysis is conducted at local, regional, and global levels, providing a comprehensive understanding of market dynamics. The competitive analysis of the growth models and strategies employed by key players, along with a thorough analysis of their dominant market share and penetration. The report also identifies emerging regions that are expected to become major markets for the Sports Equipment Market.
Both primary and secondary data sources are utilized in the report, enabling a comprehensive analysis with qualitative and quantitative insights. The primary data collection method involves questionnaires and telephonic interviews with market leaders, business owners, and other relevant stakeholders. Secondary research incorporates data from financial reports, annual reports, white papers, and other reliable sources. The report includes SWOT, PORTER and PESTLE analyses, assessing the potential impact of macroeconomic factors on the Sports Equipment Market. SWOT analysis helps identify market threats and weaknesses, while PORTER Five Forces analysis determines the competitive intensity of the industry in the Sports Equipment Market.
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Sports Equipment Market Regional Insights
The Regional Analysis provides the Sports Equipment market status of various countries are included in the report. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The analysis of the regions is conducted at a local and country level .The Sports Equipment market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Sports Equipment Market Segmentation
by Product Type
Football
Basketball
Cricket
Others
By Product Type, football dominated the sports equipment market in 2023, accounting for 34.0% of total sales. Football matches are the most viewed in the globe, hence revenue from this area is significantly larger than in other segments. The segment is predicted to grow at a CAGR of more than 6.3% during the forecast period. The expanding global popularity of events like cricket, basketball, and soccer is likely to be a major contributor in the category's growth.
On the other hand, a portion of the strength / strength equipment market is predicted to grow at a rapid pace over the forecast period. The way people live has changed dramatically in recent years.Urban regions are robust, multifaceted, and have a distinct working culture. The rise of health concerns, combined with increased consumer affluence, boosts their athletic proclivity and endurance.
by Distribution Channel
Specialty Stores and Sports Shops
Online
Departmental and Discount Stores
By Distribution Channel, specialized and sports retailers dominated the sports goods industry, accounting for 45.0% of the total expenditure in 2023. These stores offer a diverse range of branded products and provide valuable support and information to customers via experienced customer care representatives. Furthermore, the ease of use given by this distribution channel, as well as its capacity to acquire popular products, contributed to the segment's rise.
Between 2022 and 2030, half of online businesses are predicted to grow at a 7.4% CAGR in the sports equipment market. Increased internet penetration among consumers, as well as focused marketing by businesses to cover all client touch points, are expected to enhance the segment's growth. Furthermore, as the use of smartphones grows, so does Consumer spending, increasing internet penetration, and online buying through e-commerce platforms are all variables that could fuel partial development during the projection period.
Sports Equipment Market Key Players
Adidas AG (Germany)
Amer Sports (Finland)
Callaway Golf Co. (US)
Sumitomo Rubber Industries Limited (Japan)
Nike, Inc. (US)
Puma SE (Germany)
Mizuno Corporation (Japan)
Sports Direct International PLC (UK)
Under Armour (US)
Yonex Co., Ltd (Japan)
Beat All Sports (India)
Sanspareils Greenlands Pvt Ltd (India)
Reebok (US)
Asics (Japan)
Nivia Sports (India)
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Key questions answered in the Sports Equipment Market are:
- What is Sports Equipment?
- What was the Sports Equipment market size in 2022?
- What are the different segments of the Sports Equipment Market?
- What growth strategies are the players considering to increase their presence in Sports Equipment?
- What are the upcoming industry applications and trends for the Sports Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Sports Equipment Market?
- Who are the key players in the Sports Equipment market?
- What major challenges could the Sports Equipment Market face in the future?
- What segments are covered in the Sports Equipment Market?
- Who are the leading companies and what are their portfolios in Sports Equipment Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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