Press release
Sports Equipment and Apparel Market Worth USD 817.170 Billion by 2027
North America was the highest contributor to the global sports equipment and apparel market with USD 138.758 Billion in 2019.Sports equipment and apparel are sporting goods used while engaging in sport activates. However, consumers actively wear sports apparel during non-sports hours.
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Sports equipment are the utility equipment essential for engaging in sports activity, and aid to meet the rules and regulations of particular sport. In addition, these equipment and apparel are essential to enhance the performance of athletes.
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The sports equipment industry is rapidly evolving, owing to increase in adoption of emerging sports technologies and latest trends among youth population. Introduction of innovative products are the medium for manufacturers to sustain in the competitive market, attract new consumer, and cater to the requirements of the existing consumers. Increase in fan base of popular sport events such as Olympic, Indian premier league, FIFA, and others fuels the demand for sports equipment and apparels, which drives the growth of the market. Moreover, rise in popularity of sport and fitness activities among the youth propels the overall market growth. However, increase in preference for indoor activities such as playing video games and rise in use of smartphones among youth due to increase in internet penetration adversely affect the market growth. In addition, proclivity of consumers towards other leisure activities such as virtual reality gaming, watching movies, live music shows, and others restrains the growth of the sports equipment and apparel industry. Moreover, the seasonality of sports creates increases the preference for other leisure activities, owing to end of the sports season, which impedes the market growth.
The global sports equipment and apparel market is segmented on the basis of product, sports, distribution channel, and geography. Based on product, the market is categorized into equipment and apparel & shoes. By sports, it is classified into bike, outdoor, tennis, other racket sports, running, fitness, football/soccer, other team sports, winter sports, watersports, and others. In terms of distribution channel, it is divided into online and offline. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players in sports equipment and apparel market include Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation, ASICS Corporation, Sports Direct International Plc., V.F. Corporation New Balance, Inc.
Key Market Segments
By Product Type
o Equipment
o Apparel and Shoes
By Sports Type
o Bike
o Outdoor
o Tennis
o Other Racket Sports
o Running
o Fitness
o Football/Soccer
o Other Team Sports
o Winter Sports
o Watersports
o Other
By Distribution Channel
o Online
o Offline
Other prominent players in the market are
o Galaxy International LLC
o Aqua Lung International
o Athleta Inc. (Gap Inc.)
o Burton Sportartikel GmbH
o Dita International BV
o Fischer Beteiligungsverwaltungs Gmbh
o Hi-Tec Sports Ltd. (Batra group)
o K2 Sports (Kohlberg & Company, LLC)
o Kookaburra Sport Pty. Ltd.
o Penalty (Cambuci S.A.)
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