Retail Sports Equipment Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global retail sports equipment market is anticipated to grow at a CAGR of 6.3% during the forecast period (2022-2028). The growing popularity of national and international sporting events such as the World Cup of Soccer, the Olympic Games, and the Cricket World Cup is also helping the expansion of the retail sports equipment business. More individuals are participating in outdoor and fitness activities as a result of rising incidences of lifestyle-related health conditions such as stress and obesity, which is boosting demand for various types of fitness and sports equipment. Product demand is also being boosted by the increasing availability of well-known international sporting equipment brands. The participation of women in sports is a crucial factor that is expected to enhance the market growth.

The gap is likely to narrow further in the future years, which will have a beneficial impact on equipment demand. Spending on such equipment for children has increasingly increased over time as more people become aware of the benefits of such games in their physical development. Retail sports equipment is in high demand in India and China. Product demand in these countries is accelerating due to rising disposable income and improved consumer living standards. Furthermore, cheap production costs and a booming manufacturing industry are expected to fuel Asia Pacific market expansion. Companies are attempting to increase brand awareness through television advertising and print media, the internet, social media platforms, team sponsorships, and partnerships with athletes from various sports and fitness enthusiasts in order to optimize market penetration. Also, social media influencers and favorite athletes are supporting various companies, which is expected to contribute to the growth of the retail sports equipment market.

Some major players in the market include Adidas AG, Amer Sports, Callaway Golf Co., Nike, Inc., Puma SE, and Sumitomo Rubber Industries Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Callaway Golf Co. offers Rogue ST MAX Drivers. Rogue ST MAX is the highest MOI head on the market, with a slight pull bias, and is designed for golfers of all skill levels. Our unique Triaxial Carbon crown and sole save weight, while the titanium unibody provides stability and lowers the center of gravity. With a high launch and a small draw bias, this weight is properly redistributed to promote forgiveness. The revolutionary new Tungsten Speed Cartridge construction places up to 26 grams in the driver's head low and deep. High MOI provides more forgiveness and enhances speed on off-center hits.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product
•By End User
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Adidas AG, Amer Sports, Callaway Golf Co., Nike, Inc., Puma SE, and Sumitomo Rubber Industries Ltd., among others.

A full report Retail Sports Equipment Market of is available at:  https://orionmarketreports.com/global-retail-sports-equipment-market/108874/

Global Retail Sports Equipment Market Report by Segment
By Product
•Ball Over Net Games
•Ball Games
•Fitness/Strength Equipment
•Athletic Training Equipment
•Others
By End User
•Men
•Women
•Children

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.