Sports Equipment Market Segmentation
The Global Sports Equipment Market has been segmented based on type, distribution channel, and region.
Based on type, the global sports equipment market has been segmented into balls, sticks, bats, & clubs, nets and goalposts, sports gear, and others.
Based on distribution channel, the global sports equipment market has been classified as hypermarkets and supermarkets, specialty stores, and others.
The global sports equipment market is projected to register a growth rate of 3.2% from 2019 to 2024 to reach a market value of USD 88.4 Billion by the end of 2024. The increasing importance and popularity of sports among the sports enthusiasts is offering a lucrative opportunity to market players, thereby encouraging innovative product launches. However, the shift towards game consoles and smartphones from traditional sports is expected to hamper the market growth during the forecast period.
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Leading Key Players
Some of the key players in the global sports equipment market are Nike, Inc. (US), Kering S.A. (France), Adidas AG (Germany), Shenzhen Taishan Sports Technology Co., LTD (China), Callaway Golf Company (US), Quiksilver, Inc. (Australia), Black Diamond Equipment, Ltd (US), Sports Direct International plc (UK), BPS Direct, LLC (US), MIZUNO Corporation (Japan), Yonex Co., Ltd (Japan), New Balance Athletics, Inc. (US), Daei Sportswear & Equipment (Iran), Globeride, Inc. (Japan), and ANTA Sports Products Limited (China).
The global sports equipment market report has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The sports equipment market in Asia-Pacific is projected to grow at the fastest rate from 2019 to 2024. A high number of people participating in various sports activities and the inclination of the younger section of the population toward learning sports is expected to assist in expanding the sports equipment industry and render the market to be attractive in terms of growth during the forecast period. Expanding middle class and the rising popularity of innovative sports equipment in China, Hong Kong, Japan, South Korea, and Australia are further bolstering the regional market growth.
The North American Sports Equipment Market is expected to dominate during the forecast period due to advancements in action sports equipment, including high detail and realism followed by the high spending power of customers in the region. A high number of retail stores as compared to the rest of the world is further expanding the regional sports equipment market size.
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LIST OF FIGURES
FIGURE 1 Global Sports Equipment Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of The Global Sports Equipment Market
FIGURE 4 Value Chain of The Global Sports Equipment Market
FIGURE 5 Share of The Global Sports Equipment Market In 2019, By Country (%)
FIGURE 6 Global Sports Equipment Market, By Region, 2019–2024
FIGURE 7 Global Sports Equipment Market Size, By Type, 2019
FIGURE 8 Share of The Global Sports Equipment Market, By Type, 2019–2024 (%)
FIGURE 9 Global Sports Equipment Market Size, By Distribution Channel, 2019
FIGURE 10 Share of The Global Sports Equipment Market, By Distribution Channel, 2019–2024 (%)
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