San
Francisco, 11 October 2018 - The global sports equipment market size is expected to reach
USD 89.22 billion by 2025, according to a new report by Grand View Research,
Inc., registering a CAGR of 3.5% over the forecast period. The industry is
witnessing a considerable growth across the globe owing to increasing adoption
of sports and recreational activities by people for stress management and
growing health awareness. Widespread media coverage of several global sports
events, such as FIFA World Cup, Commonwealth Games, and Olympic Games,
amplifies the popularity and expands the global reach of sports, thereby
encouraging youth to take part in sports.
In recent times, government institutions are making
recreational activities an obligatory inclusion in curriculum of schools and
colleges. Besides this, they are taking initiatives to popularize adoption of
sports activities in their countries and motivate young athletes. These
initiatives include allocating substantial funds for the development of sports
infrastructure, apart from organizing several sports events.
Additionally, an increase in people’s participation
has been noted in various sports such as golf, basketball, and football, owing
to enhanced standards of living and a greater willingness to spend on leisure
activities. Emerging economies such as India, China, and Brazil are observing
improvements in living standards, which is projected to boost the sports
equipment market growth.
However, in recent times, a proliferation of
counterfeit products, in addition to rising product prices, is estimated to
negatively impact the market over the forecast period. Nevertheless,
enhancement and innovation of products, thanks to usage of better quality raw
materials, are poised to offer new opportunities to the market.
Full
Research Report On Global Sports Equipment Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/sports-equipment-market
www.grandviewresearch.com/industry-analysis/sports-equipment-market
Further key findings from the report suggest:
- The sports equipment market is anticipated to
post a CAGR exceeding 3.0% during the forecast period, on account of
increasing occurrence of chronic diseases and obesity. With people across
the world growing more inclined to adopt healthier lifestyles, maintain a
healthy body, and lose weight, sports is growing in popularity as a means
to achieve the aforementioned objectives
- On the basis of product type, the balls game
segment is expected to dominate the market throughout the forecast period.
Burgeoning popularity of ball games such as football and basketball is
projected to spur the growth of the segment
- Rising disposable income, convenience of
shopping, and ease of internet connectivity are supporting development of
the e-commerce and m-commerce industries. These factors render the process
of purchasing sports equipment online more convenient for end users
- Increasing tendency/predisposition of consumers
to adopt healthier lifestyles, resulting in requirement of purchasing
sports equipment and other related goods, is one of the key factors
propelling the market in APAC
- The market is noting intense competition owing
to presence of numerous players including Nike, Inc.; Puma SE; Adidas AG;
Billabong International Limited; Callaway Golf Co.; Jarden Corporation;
Sports Direct International; Taishan Sports. Low entry and exit barriers
in this market further contribute to increase in competition
- Companies are focusing on expanding their
market presence through mergers and acquisitions and are also increasingly
investing in research and development activities for improving their
products for enhanced durability and comfort.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the global sports
equipment market on the basis of product, distribution channel, and region:
Sports
Equipment Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Ball over net games
- Ball games
- Fitness/Strength equipment
- Athletic training equipment
- Others
Sports
Equipment Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025)
- Online retail
- Specialty & sports shops
- Department & discount stores
Sports
Equipment Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- New Zealand
- Latin America
- Brazil
- Mexico
- Middle East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-sports-equipment-market
www.grandviewresearch.com/press-release/global-sports-equipment-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
