Football Equipment Market Trends, Share, Size, Key Drivers, Top Major Players, And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Football Equipment Global Market Report 2023 identifies rise in sports participation rates as the major driver for the football equipment market's growth in the forecast period. Participating in sports improves physical and mental health, provides socialization opportunities, and builds relationships with teammates and coaches. Factors that can increase sports participation rates include the popularity of organized team sports, athletic department funding in schools, and social factors such as sporting experience.

The global football equipment market is expected to grow from $16.41 billion in 2022 to $17.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The football equipment market is expected to reach $21.1 billion in 2027 at a CAGR of 4.9%.

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Major competitors in the football equipment market are Nike Inc., Adidas AG, Kering SA, Puma SE, Under Armour Inc., Under Armour Inc., New Balance Inc., Amer Sports Oy, ASICS Corporation.

A key trend in the football equipment market includes advancements in technology. Major companies operating in the football equipment market are adopting new technologies to sustain their position in the market. For instance, in July 2023, Adidas AG, a Germany-based athletic apparel and footwear company, launched the X CRAZYFAST, a technologically advanced football boot. The new boots are available in three different models: P+, P1 Laced, and P1 Lace Less, and provide players of all skill levels with speed-focused technology. It consists of 'AERO' improvements designed to increase speed throughout the game.

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The football equipment market is segmented -
1) By Type: Football Apparel, Football Shoes, Footballs, Football Protective Equipment, Other Types

2) By Material: Leather, Synthetic, Rubber, Other Materials

3) By Age Group: Adults, Youths, Kids

4) By Distribution Channel: Offline, Online

5) By End User: Professional, Recreational

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the football equipment market.

The Business Research Company's "Global Football Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Football Equipment Market Include:
1. Executive Summary
2. Football Equipment Market Characteristics
3. Football Equipment Market Trends And Strategies
4. Football Equipment Market - Macro Economic Scenario
5. Global Football Equipment Market Size and Growth
….
32. Global Football Equipment Market Competitive Benchmarking
33. Global Football Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Football Equipment Market
35. Football Equipment Market Future Outlook and Potential Analysis
36. Appendix

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