Press release
Global Sports Equipment and Accessories Market Growing Trade Among Emerging Economies Opening New Opportunities
The Global Sports Equipment and Accessories Market size was valued at USD 331.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.Sports have grown in popularity as both a passive and active form of entertainment. Customers are increasingly spending more on sportswear, with athleisure clothes and accessories accounting for a substantial portion of the cost. Sport in the twenty-first century is a market of extremes. With marketplaces all over the world becoming more competitive, market research is now at the forefront of marketing sports goods and accessories.
The worldwide sports equipment and accessories market is expanding rapidly and is distinguished by rapid acceptance of newer technology and adaptability to shifting trends. The sector thrives enormously on e-commerce, which is a major retail channel nowadays and also allows buyers to compare all available brands of sports equipment. It serves as a one-stop shop for all sports accessories and equipment, increasing its objective of the study in the worldwide sports equipment industry.
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The increased popularity of national and international events such as the Soccer World Cup, Olympic Games, and Cricket World Cup is also driving expansion in the sports equipment market. Increasing incidences of lifestyle-related health conditions, such as stress and obesity, are encouraging more individuals to participate in outdoor and fitness activities, boosting demand for various types of fitness and sports equipment. The rising availability of popular international athletic equipment companies is also adding to product demand. Women's participation in sports is a significant aspect that will most likely promote market growth.
All the basic information required to understand the significant changes in market expenditure in Sports Equipment and Accessories Market share and development trends of each segment and district. The research report is designed to provide a thorough understanding of the market drivers that are assimilating the market's growth, the market opportunities that will provide the market with future growth factors, and the market restraints that highlight the causes of the market's potential for hiccup and disintegration.
Major Players of Sports Equipment and Accessories Market:
Nike
Adidas
Reebok International
Puma
Under Armour
V.F. Corporation
Everlast worldwide
Wilson Sporting Goods
New Balance
Fila
Global Sports Equipment and Accessories Market: By Types
Sports Equipment
Accessories
Other
Global Sports Equipment and Accessories Market: By Applications
Sport shop
Department and discount stores
Online retail
Others
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Global Sports Equipment and Accessories Market: Regional Analysis
The countries covered in the regional analysis of the Global Sports Equipment and Accessories market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Sports Equipment and Accessories market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Sports Equipment and Accessories would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities
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About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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