Sports Equipment Market Revenue Trends Regional

Rubecca
Rubecca 1/18/2022 12:53:16 PM

Sports Equipment Market Revenue, Trends, Regional &
Country Share, Key Factors, Trends & Analysis, To 2024


The global Sports
Equipment Market Share
is expected to exhibit a steady 3.2% CAGR over
the forecast period from 2019 to 2024, according to the latest research report
from Market Research Future (MRFR). The global sports equipment market is
studied in detail in the report, which provides readers a clear view into the
historical growth trajectory of the market as well as studied forecasts
regarding the probable future growth trajectory of the market. The major
players in the market are also studied in the report, in addition to the major
drivers and restraints affecting the market growth.

The global sports equipment market is mainly driven by the
increasing interest in active lifestyles among consumers. Many consumers around
the world are picking up sports as a way to stay healthy and fit, leading to a
growing demand from the sports equipment market. Sports that require minimal
equipment, such as football, tennis, and badminton are becoming increasingly
popular in several parts of the world. This is a major driver for the sports
equipment market.

The increasing development of better sports equipment is
likely to be a major driver for the global sports equipment market over the
forecast period. While sports implements have traditionally been made by hand,
the advent of machines and industrial manufacturing has served to elevate the
quality of the products produced in the global market. Increasing research into
the materials used to produce sports equipment has also resulted in the
development of hybrid materials and manufacturing techniques that allow for the
production of stronger, more capable sports equipment. This has been a major
driver for the sports equipment market over the historical review period. On
the other hand, the increasing presence of counterfeiters in the sports
equipment market is likely to be a key market restraint in the coming years.
High-volume markets such as Asia Pacific are a promising environment for
counterfeiters, as government regulation is lax and consumer awareness is also
not as high as in North America or Europe.

Competitive Analysis:

Leading players in the global sports equipment market
include Kering S.A., Nike Inc., ANTA Sports Products Limited, Adidas AG,
Quicksilver Inc., Callaway Golf Company, Sports Direct International plc, BPS
Direct LLC, Shenzhen Taishan Sports Technology Co. Ltd., Globeride Inc., Mizuno
Corporation, Yonex Co. Ltd., Black Diamond Equipment Ltd., New Balance
Athletics Inc., and Daei Sportswear and Equipment.

In September 2019, Barstool Sports implemented Yamaha’s UC
conferencing equipment as part of a partnership between the two companies.

To get more info:

https://www.marketresearchfuture.com/press-release/global-sports-equipment-market

Segmentation:

The global sports equipment market is segmented based on
type, distribution channel, and region.

By type, the sports equipment market is segmented
into balls, sticks, bats and clubs, nets and goalposts, sports gear, and
others. The balls segment is the leading revenue generator in the global sports
equipment market and is likely to remain the leading segment in the coming
years due to the integral role of balls in any sport.

By distribution channel, the global sports equipment
market is segmented into store-based and non-store based. The traditional
store-based distribution dominates the global sports equipment market at
present. However, the non-store based segment is growing quickly and is
expected to exhibit a higher growth rate over the forecast period from 2019 to
2024. The increasing availability of better customer care and the option to
return and replace items in online shopping portals is likely to be the major
driver for the non-store based segment over the forecast period.

Regional Analysis:



























North America is the dominant revenue generator in the
global sports equipment market, followed by Asia Pacific. The high volume of
sports enthusiasts in North America is a major driver for the global sports
equipment market. In addition, the strong presence of licensing requirements
and regulations also drives up the market for sports equipment in North
America. While the market in Asia Pacific is comparable to or even larger than
North America in terms of consumer numbers, a large part of the sports
equipment sales in Asia Pacific are unlicensed, leading to a loss for
authorized sports equipment market players.

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