Australia Sports Equipment Market is expected to grow owing to growing disposable incomes and rising health consciousness among people in the country: Ken Research

Australia Sports Equipment Market Ecosystem

In Australia Sports Equipment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The Australia Sports Equipment Market is fragmented and has high intensified competition within industry players. 

Key Market Findings:

Australia Sports Equipment Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment.

Rising Interests in Sports: Continuous innovations and rapid technological advancements to keep pace with dynamic consumer preferences are driving the growth of the market. The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment.

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Government Initiatives: Over the next five years, operators in the sport equipment industry are expected to operate well, helped by stable market circumstances. Revenue for the industry is anticipated to be supported throughout the projection period by rising discretionary income and a favorable consumer climate. Government Programmes that support outdoor recreation and active living will probably also open up business opportunities.

Growing Health Awareness: Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in wake of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.

Analysts at Ken Research in their latest publication "Australia Sports Equipment Market Outlook to 2027F - By Product (Ball over net games, Ball games, strength equipment, Athletic training equipment, Others) By Distribution Channel (Online retail, Specialty & sports shops and Department & discount stores), By Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports)." observed that Australia Sports Equipment Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising fitness popularity and growing disposable incomes. The sports equipment market in Australia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

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Key Segments Covered in the report

By Sports Type

Bike
Outdoor
Tennis
Other Racket Sports
Running
Fitness
Football/Soccer
Other Team Sports

By Distribution Channels

Online retail
Specialty & sports shops
Department & discount stores

By Product

Ball over net games
Ball games
strength equipment
Athletic training equipment
Others

Key Target Audience

Existing Sport Equipment Manufacturers in Australia
Sports Companies aiming to establish in Australia
Sports Equipment Industries
Government Bodies & Regulating Authorities
Online Game Industry
E-Sports industry
E-Sports users
Industry Associations

Time Period Captured in the Report:

Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F

For more insights on market intelligence, refer to the link below: -

https://www.kenresearch.com/industry-reports/australia-sports-equipment-market

Related Reports by Ken Research:-

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/us-sports-equipment-industry-research-report/391-95.html

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-fantasy-sports-market-outlook-to-2027/596145-95.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.