The rising popularity of national and international events has encouraged the sales in global sports equipment market. A sport is slowly becoming an active need for consumer’s healthy lifestyle. Therefore, there is an increasing participation in various sports activities such as soccer, lacrosse, adventure sports such as trekking, mountain racing, and ice skating. Also, the popularity of major sports such as soccer, cricket, baseball, rugby, and tennis are encouraging participation and attracting audience from across the globe. The growing involvement in sports activities is fuelling the demand for sports equipment. The report titled “Sports Equipment Global Industry Almanac 2018-2022”, provides a comprehensive analysis of global sports equipment industry, leading players, various sports equipment, geography, availability, market for sports equipment, new trends, light weight sports equipment, factors affecting growth of sports equipment industry, online retailing of sports equipment, future of global sports equipment industry.
Global Sports Equipment Leading Players, Various Products, Availability, and Geography: The leading players in the global sports equipment are Adidas, Amer Sports, BRG SPORTS, Under Armour, Nike, BAUER Hockey, Harrow Sports, Mizuno, Palmgard International, Riddell, Schutt Sports, Slazenger, and Warrior Sports. Various global sports equipment are cycling equipment, extreme sports equipment, ball sports equipment and other equipment. Majority of the global sports equipment are available at the specialty shops, sports shops, online retail, department store, discount stores, and others. The global sports equipment industry is geographically spread across APAC, Europe, North America, and ROW.
Global sports equipment market consists of numerous small and large-scale vendors that are highly fragmented. The intense competition among players, rapid changes in technology, and variations in consumer preferences are the major challenges affecting the growth in the global sports equipment. North America accounts for a major share in the revenue in the sports protective equipment market. Increasing obesity rates, hectic lifestyle, growing importance of a healthy lifestyle and adoption of sports for lifestyle change are the factors fuelling the global sports equipment industry growth. The development of innovative products and the introduction of regulations that mandate the usage of protective gear are also boosting the sales of sports equipment.
Global Sports Equipment Market and Trends: Global sports equipment market consists of retail sales of ball sports equipment, adventure sports equipment, fishing equipment, golf equipment, racket sports equipment, winter sports equipment, sportswear, sports shoes and all other sports-dedicated equipment. There is a demand for modern lightweight sports equipment which helps consumers to yield high performance due to their excellent stiffness and high strength. The lightweight equipment gives full control to the user over the equipment and flexibility. Carbon fibre is the popular replacement for traditional metal, wood, and steel in modern sports equipment. China has introduced national fitness plan that is attracting majority of the population within the country to embrace sports. The increase in consumers spending limit and improving macroeconomic conditions has resulted in increased spending on sports equipment in the US.
Online Retailing of Sports Equipment: The leading players in online retailing of sports equipment are Academy Sports + Outdoors, Amazon.com, Alibaba.com, DICK’s Sporting Goods, and Walmart. Online sports retailing market handles products such as various sports apparel, sports footwear, sports protective equipment, sports equipment, such as ball sports, adventure sports, golf, and fitness equipment, and others. Online retailing is spread geographically across APAC, Europe, North America, and ROW.
Future of Global Sports Equipment: The improved global economy, wide range of sports equipment, increase in purchases, delivery options, high penetration of internet services, and increasing preference for shopping through smart devices has boosted the growth of sports equipment globally. The increase in online spending will have a positive influence on the growth of the global sports equipment industry. It was estimated that the global sports equipment market will witness a drastic growth and increase in the revenue over the next few years.
Key topics covered in this report:
- Global Sports Equipment Market
- Global Sports Equipment Market Size
- Global Sports Equipment Market Competition
- Global Sports Equipment Market Value
- Global Sports Equipment Industry Analysis
- Global Sports Equipment Market Drivers
- Global Sports Equipment Market Distribution Channels
- Global Sports Equipment Market Forecast
- Global Sports Equipment Market Trends
- Global Sports Equipment Market Major Suppliers
- Online Retailing in Global Sports Equipment Market
- Global Sports Equipment Market Leading Players
- Global Sports Equipment Market Leading Online Retailers
- Global E-commerce Market
- Global Online Retailing Market
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Ankur Gupta, Head Marketing & Communications