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Sports Equipment Market By Product type (Ball sports, Adventurous sports, Fitness Equipment’s), By Distribution Channel (Sports shop, Department and Discount Stores) - Global Industry Size, Analysis, Share and Industry Forecast, 2018-2023

08-27-2018 11:45 AM CET | Sports

Press release from: Genesis market insights

Sports Equipment Market

Sports Equipment Market

Global Sports Equipment Market was valued at USD XX% Billion in the year 2017. Global Sports Equipment Market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At country level, U.S, U.K. and China is projected to grow strongly in the coming years due to high rate of investment by R&D.

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Nike (U.S), Adidas Group (Germany), Reebok International (U.S), Puma (Germany) are some of the key players in the Global Sports Equipment Market. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

• Collaboration with e-commerce websites.
• The rising trend to follow prominent sports players.
• Increasing media coverage of global sports event. For e.g. Fifa.

Restraints:

• Regular advancements
• Increasing instances of counterfeited and forged products

Opportunities:

• Regular upgradations and advancements. For e.g. Terra Nova Equipment.
• Huge investments by R&D

Challenges:

• Intense competition among the producers.
• Absence of government regulations and trade infringement.

The Global Sports Equipment Market is segmented as By Product type and Distribution Channel and Region. The Product type is divided into ball sports, adventurous sports, fitness equipment’s, golf equipment’s, sports equipment’s, athletic equipment and athletic apparels in which ball sports contributes to the highest market share due to greater popularity among youngsters.

The Distribution Channel, is divided into sports shop, department and discount stores, online retail and others in which the online segment has the highest share in the market as a result of huge availability of all kinds of sports equipment’s from a wide plethora of brands, holds the highest market share.

Among all, it is expected that the ball sports segment will be growing at a moderate CAGR of XX % in the assessment period.

Key Benefits for Stakeholders

• Sports Equipment’s Manufacturers, Distributors and Retailers
• Research and Consulting organization
• Government agencies and authorities.

By Product type

• Ball sports
• Adventurous sports
• Fitness Equipment’s
• Golf Equipment’s
• Sports Equipment’s
• Athletic Equipment’s
• Athletic Apparels

By Distribution Channel

• Sports shop
• Department and discount stores
• Online retail
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Nike, Inc.
• Adidas Group
• Reebok International
• Puma
• Under Armour, Inc.
• VF Corporation
• Everlast Worldwide, Inc.
• Wilson Sporting Goods
• New Balance
• Fila

(A brief overview of 10 companies is also provided)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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