Sports Equipment Market Development, Importance and Forecast Report 2019| Adidas AG, Nike, Inc., and Puma SE

Sports equipment are one of the most essential things required during sporting activities. They are specifically designed and manufactured as per the requirements of the sport. Sportspersons not only use sports equipment from the safety point of view but also to complete the sport. For instance, athletes can use sports equipment as a tool to play the sport or as a protective gear. With the increasing risk of injuries during sporting activities, companies are manufacturing sports equipment with specialized and more protective features.

The rising trend of sports equipment donation is expected to highlight the global market. In May 2019, a young American hockey player from New York was reported to collect hockey equipment such as hockey sticks to donate to local sports clubs through the organization Stick Up to Cancer. In the same month, US beverage company Keurig Dr. Pepper sponsored a grant program to donate over 2,500 pieces of sports equipment to a number of local sports and children’s organizations.

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Key Players

Some of the major players of the global sports equipment market are Adidas AG, Nike, Inc., and Puma SE. The researchers have also profiled other important players including Mizuno Corporation, Callaway Golf Co., Amer Sports, and YONEX Co. Ltd.

Market Segmentation

By Product

● Ball Over Net Games

● Ball Games

● Athletic Training Equipment

● Fitness/Strength Equipment

By Distribution Channel

● Online Retail

● Specialty and Sports Shops

● Department and Discount Stores

Among product segments, ball games are anticipated to account for a telling share of the global sports equipment market during the forecast period. They generate a significant amount of revenue in the global market because of their high popularity and growing interest of people across the world. Among distribution channels, specialty and sports shops are foreseen to take a larger share of the global market as they offer a wide range of products and have expert customer service professionals to provide the required information and support.

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