Europe Sporting Goods Market : Things to Focus on to Ensure Long-term Success

The Europe sporting goods market is projected to surpass US$ 220 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.5% during the forecast period (2019 to 2027).

Sporting goods are also referred to as sporting equipment which includes nets, balls, and protective gear like helmets. They can be classified into those requirements which are used as protective gear or those which are used to play sports. They are gaining traction because of the evolving sports industry which is raising demand for sports preventing equipment in order to prevent injuries. Sporting’s equipment can be found in departmental stores. Football, tennis, racket sports, and bike sports are some of the major sports instruments that can be used to play sports.

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The Europe sporting goods market has witnessed a surge of growth in terms of revenue in recent past years, owing to the rising awareness regarding health and awareness among the population. In addition to this, the increase in number of obesity cases, especially in the younger the generation, has driven people towards adopting a healthy lifestyle and fitness & sports regimes. Owing to this factor, manufacturers in the Europe sports industry are expanding their production line to meet the rising demands of sporting goods.

The growing trend of consolidation in the Europe market due to the presence of a large number of players in the market-leading to little space for new entrants, due to a strong entry barrier is expected to hinder the market growth of Europe sporting goods. Moreover, difficulty in the entry of foreign players across few European countries such as Germany and France, the region is expected to experience a downward shift in terms of revenue generation over the forecast timeframe which is expected to restrict the market growth.

The rising collaboration of fashion and sports is projected to offer potential growth opportunities over the forecast timeframe. According to the Coherent Market Insights analysis, at present major sports brands such as Nike and Adidas are focusing on developing fashionable sportswear to increase their consumer base, as demand for fashionable workout wear is increasing amongst health-conscious consumers in countries across the region. Therefore, increasing the collaboration between sports and fashion is propelling the growth of Europe sporting goods.

Detailed Segmentation:

Europe Sporting Goods Market, By Product Type :

Football
Apparel
Equipment
Shoes

Team sports
Apparel
Equipment
Shoes

Tennis
Apparel
Equipment
Shoes

Bike sports
Apparel
Equipment
Shoes

Racket sports
Apparel
Equipment
Shoes

Outdoor Sports
Apparel
Equipment
Shoes

Fitness
Apparel
Equipment
Shoes

Running
Apparel
Equipment
Shoes

Water sports
Apparel
Equipment
Shoes
Winter sports
Apparel
Equipment
Shoes

Golf
Apparel
Equipment
Shoes

Other sports
Apparel
Equipment
Shoes

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This release was published on openPR.