Sporting equipment, also called sporting goods, has various forms depending on the sport, but it is essential to complete the sport. The equipment ranges from balls, to nets, and to protective gear like helmets. Sporting equipment can be used as protective gear or as tool used to help the athletes play the sport. Over time, sporting equipment has evolved because sports have started to require more protective gear to prevent injuries. Sporting equipment may be found in any department store.
Sporting goods market is anticipated to record noteworthy growth in the next five to six years. This is majorly attributed to increased number of health-conscious consumers, who are incorporating playing sports as a part of their daily routine. Of different segments in the overall sports industry such as sports tourism, sports apparel, sports sponsorship, sporting goods and others, sporting goods is anticipated to gain significant share in the overall sporting industry. This has led to increased competition among sporting goods manufacturers ensuring improved distribution channels, prices, quality, efficient supply chain management, in order to maintain sustainability in the market. Among different regions, North America holds largest share in terms of value and is anticipated to maintain its dominance in the near future. Growth prospects for sporting goods market are favorable in the Asia Pacific region.
Few other factors bolstering the sporting goods market growth include growing retail industry, increasing disposable income of consumers, government inclination and support for sport activities in many countries, rising consumer awareness for health and fitness. In addition, with increasing awareness of health and fitness through encouragement of sports by governments of various countries along with consumer inclination for sports such as ICC Cricket World Cup, Commonwealth Games, Olympics have led to increased sales of varied sporting goods worldwide. However, availability of counterfeit products along with high prices of few products might restrict the market growth. Sporting goods manufacturers are performing extensive research and development related to raw material used, such as use of carbon fiber for manufacturing sporting goods, as it offers advantages such as light-weight, high-strength and better performance of the product.
The global Sporting Goods market was valued at 60900 million US$ in 2018 and will reach 83300 million US$ by the end of 2025, growing at a CAGR of 4.0% during 2019-2025.
This report focuses on Sporting Goods volume and value at global level, regional level and company level. From a global perspective, this report represents overall Sporting Goods market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Sporting Goods in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Sporting Goods manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Nike Inc.
Reebok
Adidas AG
Puma SE
Amer Sports Corporation
VF Corporation
Asics Corporation
Under Armour Inc.
Brooks Sports Inc.
The North Face, Inc.
YONEX Co. Ltd.
MIZUNO Corporation
Skechers USA, Inc.
Converse Inc.
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Ball Sports
Adventure Sports
Golf
Winter Sports
Others
Segment by Application
Franchise Outlets
Department Stores
Specialty Sports
Discount Stores
On-line
Other
Summary:
Get latest Market Research Reports on Sporting Goods. Industry analysis & Market Report on Sporting Goods is a syndicated market report, published as Global Sporting Goods Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Sporting Goods market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.