Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the sports
equipment market provides an in-depth analysis of segments and sub-segments in the
global as well as regional sports equipment market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional sports equipment market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global sports equipment market. According to the report, the global sports
equipment market is projected to grow at a healthy CAGR over the forecast
period of 2019-2025.
The global sports equipment market is witnessing a significant
growth across the globe owing to the expanding reception of games and
recreational exercises by individuals for stress. Growing media coverage of
various global sports events such as the cricket world cup, Olympic games, commonwealth
games, and FIFA world cup encourages the youth to take part in sports. The
sports equipment industry is quickly approving new technologies and adapting
its products in order to keep tempo with swiftly changing global trends.
Therefore, it is estimated that the sports equipment market is expected to grow
at a success rate over the forecast period. Product development through
research and development activities is likely to fuel the growth of the sports
equipment market in the near future.
Rising commercialization and increasing participation in several
sports are the major factors propelling the growth of the global sports
equipment market. The growing tendency toward sporting activities to stay fit
and relieve stress is driving the growth of the sports equipment market. Furthermore,
increasing awareness regarding health and the emergence of e-commerce also
plays a vital role in the growth of the market. However, rising prices of
sports equipment and the growing availability of counterfeit products are some
of the restraints for the growth of the market. Moreover, the improvement of
sports equipment products through research and development programs creates
beneficial opportunities for the growth of the sports equipment market in the
upcoming years.
The report on the global sports equipment market is segmented
regionally into North America, Europe, Asia-Pacific, and RoW. North America is
leading the sports equipment market due to increasing health and fitness
awareness among people. In addition, growing customer expenses on sports
equipment sellers also help the market growth in this region. Asia-Pacific is
expected to grow rapidly due to the increasing preference of customers to adopt
healthier lifestyles resulting in the requirement of buying sports equipment.
The report on the global sports equipment market covers segments such
as product type and distribution channel. On the basis of product type, the
sub-markets include ball sports, adventure sports, fitness equipment, golf
equipment, winter sports, and other sports equipment. On the basis of
distribution channel, the sub-markets include online retail, specialty &
sports shops, and department & discount stores.
The report provides profiles of the companies in the market such
as Adidas AG, Nike, Inc., Amer Sports, Puma SE, Callaway Golf Co., Mizuno
Corporation, Under Armour, Sumitomo Rubber Industries Limited, Yonex Co., Ltd,
and Sports Direct International PLC.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the sports
equipment market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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