Global Sports Equipment Market

Global Sports Equipment Market By Sports Type (Racing Sports, Ball Sports, Water Sports, Fitness, Running, and Others), By Product (Ball Over Net Games, Ball Games, Fitness/Strength Equipment, Athletic Training Equipment, Protective Equipment, Footwear and Others), By Distribution Channel (Online Retail, Specialty & Sports Shops and Department & Discount Stores), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027

Global Sports Equipment Market Overview:

Sports equipment is a general term for all kinds of equipment and supplies used in sports competitions and fitness exercises. Sports equipment and sports are interdependent and mutually reinforcing. There is various sports equipment, such as balls, discs, goals, nets, sticks, bats, clubs, rods, wickets, and racquets. The nature of sports equipment can be divided into four categories: designated equipment, self-provided equipment, venue equipment, and other equipment. Sporting equipment can be used as protective gear or as a tool used to help the athletes play the sport.

Global Sports Equipment Market Insights

The global sports equipment market likely to grow at a CAGR of over 7.5% during the forecast period, 2020-2027. The growth of the market is driven by increasing awareness regarding general health and fitness. Further, the increasing commercialization of several sports followed by the swelling inclination toward sporting activities to stay fit and relieve stress is estimated to people’s growth. Additionally, the surge in the adoption of sports and other recreational activities by people for stress management is projected to fuel the growth of the sports equipment market size in future periods. The rise in expenditure on sports training and development among children owing to the upsurge in consciousness related to the benefits of engaging in sports activities such as increased concentration and problem-solving ability is strengthening the market growth.

Moreover, the swelling participation in sports activities, mounting consumer awareness about health and fitness, and the emergence of e-commerce will spur the global sports equipment in the analysis periods. Furthermore, the growing popularity of specific sports and tournaments, leagues, and championships are expected to witness remarkable growth. With advancements in sensor technologies, consumers are gradually demanding equipment that can provide them with relevant insights into performance. These factors are anticipated to foster the demand for sports equipment across the globe in the coming years. The growing urbanization, improving the standard of living, and increasing disposable income has spurred the robust growth of the sports equipment market share in the future periods. Additionally, the surge in state, national, and international level competition conducted by various governments across the globe are expected to propel the growth of the sports equipment market.

Growth Driver

Growing consumer awareness about health and fitness

With the advancement of urbanization process across the globe, the continuous growth of residents’ income levels, and the constant improvement of residents’ fitness awareness will provide sufficient consumption momentum for the future growth of the global sports equipment market. Under the guidance and support of government initiatives, the consumer market for sports equipment is expected to expand further, benefiting from rising income levels and continuous cultivation of a fitness atmosphere.

Increasing participation in sports activities

Participation in sport is helpful in health-enhancing levels of leisure-time physical activity. Increasing participation in sports activity promotes health, and prevents the onset of disease, improves individuals’ self-confidence and the number of social connections, and improve the wellbeing of local workforces and their productivity through less absenteeism. It reduces local traffic congestion, especially when walking or cycling, replaces car trips, and generate economic benefits for businesses in sport.

COVID-19 Impacts Insights

Recently, the outbreak of COVID-19 has vigorously affected the economy of the world. The all accessories industry related to sports is disrupted by the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. However, the sports equipment industry is expected to recover over the forecast timeframe, given the growing popularity of online/e-commerce sales.

Sports Type Segmental Analysis

Based on the sports type, the global sports equipment market classified into racing sports, ball sports, water sports, fitness, running, and others. The fitness segment is expected to be the highest revenue share for sports equipment during the forecast period. The key factors are growing awareness about health and wellbeing among consumers and the surge in obesity rates, mainly in urban populations.

The racing sports will witness steady growth during the forecast period due to the rise in consumer awareness about the prevention related to cardiovascular illnesses, gallbladder diseases, breathing issues, etc.

Product Segmental Analysis

Based on the product, the global sports equipment market segregated into ball over net games, ball games, fitness/strength equipment, athletic training equipment, protective equipment, footwear, and others. The ball games segment held a higher market share in 2019 and expected to dominate the global sports equipment market by 2027. It is due to the global popularity of sporting events such as cricket, basketball, and football and popularly watched all over the world.

The fitness/strength equipment will grow at a momentous CAGR in the forecast period on account of the growing health concerns coupled with increasing disposable incomes of consumers.

Distribution Channel Segmental Analysis

Based on the distribution channel, the global sports equipment market segmented into online retail, specialty & sports shops and department & discount stores. The specialty & sports shops segment anticipated significant growth over the analysis timeframe. These stores have a distinct portfolio of products with the availability of required support and information to consumers.

Online retail is poised to record the fastest growth during the forecast period owing to swelling usage of mobile phones and other electronics by people to browse for and shop online.

Region Segmental Analysis

Based on geography, the global sports equipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America dominated the sports equipment market in 2019.  It is due to the growing health awareness among people, the rising problem of obesity, and the swelling of consumer spending on sports goods.

The Asia Pacific will capture a prominent share of the sports equipment market by 2027. Due to the increasing disposable income, consumer spending in the region, and the rise in sales of ball and fitness equipment.

Competitor Analysis

Companies such as Callaway Golf Co., Amer Sports, Puma SE. Adidas AG, Nike, Inc., Mizuno Corporation, YONEX Co. Ltd., Sumitomo Rubber Industries Limited, Sports Direct International PLC, Under Armour, Decathlon SA, Gap Inc., VF Corporation and New Balance Inc. are the key players in the global sports equipment market.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • Global sports equipment manufacturing firm
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to sports equipment
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Sports Type

  • Racing Sports
  • Ball Sports
  • Water Sports
  • Fitness
  • Running
  • Others

By Product

  • Ball Over Net Games
  • Ball Games
  • Fitness/Strength Equipment
  • Athletic Training Equipment
  • Protective Equipment
  • Footwear
  • Others

By Distribution Channel

  • Online Retail
  • Specialty & Sports Shops
  • Department & Discount Stores

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Global Sports Equipment Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • New Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Sports Equipment Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Region
          • North America
          • Europe
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. North America Sports Equipment Market Overview
    • North America Sports Equipment Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Sports Equipment Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Country
          • US
          • Canada
          • Mexico
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Sports Equipment Market
  1. Europe Sports Equipment Market Overview
    • Europe Sports Equipment Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Sports Equipment Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Sports Equipment Market
  1. Asia Pacific Sports Equipment Market Overview
    • Asia Pacific Sports Equipment Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Sports Equipment Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Sports Equipment Market
  1. South America Sports Equipment Market Overview
    • South America Sports Equipment Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • South America Sports Equipment Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Sports Equipment Market
  1. Middle East & Africa Sports Equipment Market Overview
    • Middle East & Africa Sports Equipment Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Sports Equipment Market Share & Forecast, 2016-2027
        • By Sports Type
          • Racing Sports
          • Ball Sports
          • Water Sports
          • Fitness
          • Running
          • Others
        • By Product
          • Ball Over Net Games
          • Ball Games
          • Fitness/Strength Equipment
          • Athletic Training Equipment
          • Protective Equipment
          • Footwear
          • Others
        • By Distribution Channel
          • Online Retail
          • Specialty & Sports Shops
          • Department & Discount Stores
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Price-Point Analysis
        • Manufacturer & Distributor List (Top 5)
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Sports Equipment Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Callaway Golf Co.
      • Amer Sports
      • Puma SE
      • Adidas AG
      • Nike, Inc.
      • Mizuno Corporation
      • YONEX Co. Ltd.
      • Sumitomo Rubber Industries Limited
      • Sports Direct International PLC
      • Under Armour
      • Decathlon SA
      • Gap Inc.
      • VF Corporation
      • New Balance Inc.
      • Other Prominent Players