A recent report published by Infinium Global Research on sports equipment market provides 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 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 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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