Press release
Saudi Arabia Sports Equipment and Apparel Market Size, Share, Trends, Growth 2032
Saudi Arabia Sports Equipment and Apparel Market size was USD 877.85 Million in 2023 and the market is projected to touch USD 1104.86 Million by 2032, at a CAGR of 4.85 % during the forecast period. The rising number of chronic illnesses and lifestyle-related ailments is having an impact on people's interest in their health. As more Saudi Arabians participate in physical activities like swimming and running and join clubs like yoga, aerobics, & gyms, the country's need for apparel and equipment is growing. The growing number of women participating in physical activity, the expansion of fashion-sports alliances, and the growing availability of stylish sportswear are further drivers anticipated to fuel market demand and growth.Click: https://www.organicmarketresearch.com/saudi-arabia-sports-equipment-and-apparel-market
However Saudi Arabia's rigorous regulations over the handling of counterfeit goods, the country remains a desirable destination. Almost two million counterfeit products, including clothing and athletic goods, are allegedly eradicated by Saudi Arabian Customs in 2021. Currently providing 3.3% of the worldwide counterfeit trade, Saudi Arabia has had consistent economic growth in recent years. Counterfeit goods have a negative impact on the growth of the sports equipment and apparel market in Saudi Arabia. They destroy the reputation of well-known brands and reduce industry participants' earnings. Increasing numbers of chronic illnesses and disorders associated with lifestyle choices are bringing people's attention to their health. Saudis are becoming more physically active as a result, taking up sports like swimming and running and joining fitness centers and yoga classes. In Saudi Arabia, this is increasing demand for athletic clothes and gear. Increased female involvement in fitness and sports, partnerships between fashion and sports, and the availability of stylish sportswear are all expected to drive market demand and growth.
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Saudi Arabia Sports Equipment and Apparel dynamics
The factors influencing the dynamics of the Saudi Arabia Sports Equipment and Apparel Market include regulatory mandates, technological advancements, and increasing industrial safety awareness. The need of maintaining a healthy lifestyle is becoming more and more apparent to Saudi citizens as wellness and health become hot issues. This shift is partly due to government initiatives like Saudi Vision 2030, which promotes healthy lifestyles and aims to increase participation in sports and physical activities. Because more individuals are participating in fitness training, running, and team sports, there is an increase in the demand for sporting goods and apparel. The younger demographic is particularly affected by this trend, which is helping the industry grow.
Saudi Arabia Sports Equipment and Apparel drivers
Government Investment in Sports Infrastructure
The Saudi Arabian government is investing heavily in the construction of sports facilities as part of its bigger economic diversification strategy under Vision 2030. This includes building all-new athletic facilities, stadiums, and gyms in addition to planning and conducting international events. Both the involvement in sports and the need for athletic clothing and equipment are rising as a result of these initiatives. Access to sporting facilities is made easier, which encourages more people to participate in sports and raises demand for related commodities.
Growing Popularity of International Sports Brands
The growing fame of international sports companies in Saudi Arabia is a noteworthy stimulus. International companies are steadily making their way into the Saudi market, bringing with them an extensive selection of top-notch sporting goods and gear. Customers' desire to utilize the same items as their favorite players is further fueled by the influence of social media and sports personalities. The premium segment of the sports equipment and clothing market is expanding due to the growing number of brand-conscious consumers who are prepared to spend money on high-quality, stylish products.
Restraints:
High Import Dependency and Tariffs
Saudi Arabia is largely dependent on imported sportswear and equipment, especially from global companies. Due to import tariffs, shipping costs, and currency rate fluctuations, this reliance on imports may result in increased expenditures. Sportswear and equipment are more expensive than in other markets since these higher expenditures are frequently passed on to customers. The high prices, that may discourage many customers, especially those in the middle- & lower-income groups, may be a constraint on market expansion. In addition, the cost of these commodities may increase as a result of greater taxes or changes to trade restrictions, which would reduce demand.
Cultural and Social Barriers
In Saudi Arabia, there are still some societal and cultural hurdles, especially for women, despite the government's efforts to encourage sports and physical activity. Even though there has been a lot of improvement recently, some populations especially those in conservative and rural areas may still be discouraged from engaging in sports or fitness activities due to traditional cultural norms. This may reduce the market's potential overall since fewer people may participate in sports to the fullest extent possible, which would lower demand for clothing and equipment connected to sports. Further impeding market expansion may be certain groups' ignorance of and hostility toward women playing sports.
Opportunities:
Expansion of Women's Sports Participation
The market for women's sportswear and equipment is expanding as a result of the Saudi government's aggressive promotion of women's sports participation as part of Vision 2030. The demand for female-specific sports products is being driven by the relaxation of regulations pertaining to women's participation in sports as well as the establishment of women's sports leagues, fitness centers, and events. Companies who concentrate on serving this market niche by providing women-specific sportswear and equipment may be able to take advantage of a market that is growing quickly. Demand is also being further stimulated by the growing exposure of female athletes and role models, who are breaking down cultural barriers.
Segment Overview
By Product Type, The Saudi Arabia Sports Equipment and Apparel market is segmented into Sports Equipment and Sports Apparel. The sports equipment market also includes categories for athletic footwear, sports apparel, fitness gear, sports accessories (such balls, gloves, and protective gear), and sports gear (like bats, racquets, and clubs). The other segments in the sports apparel market are sports jerseys, training outfits, outerwear, activewear, and athletic shoes. The sports accessories sector, which includes balls, dominates the Saudi Arabian market for sports equipment and apparel.
By Sport Type, The Saudi Arabia Sports Equipment and Apparel market is segmented into Soccer/Football, Basketball, Fitness/Gym, Outdoor Sports, Indoor Sports, and Others. The segment with the largest market share is fitness/gym. The rising prevalence of lifestyle-related disorders like obesity, diabetes, and heart disease, together with the growing popularity of remote work, are likely to drive up demand for sports gear in Saudi Arabia throughout the forecast period. Additionally, by encouraging customers to be more health concerned, these factors are contributing to a rise in the number of people entering gyms.
Saudi Arabia Sports Equipment and Apparel Overview by Region
In Saudi Arabia, the fastest-growing region for sports equipment and apparel is the Central region, which includes Riyadh. The growing emphasis on fitness and health, government programs to encourage sports, and the expansion of sporting venues and events are the main drivers of this increase. The athletic goods market in the region is growing quickly due to factors such rising urbanization and disposable income. The Saudi Arabian market for sports gear and clothing is dominated by the Western region, especially Jeddah and Mecca. This area is advantageous due to its high population density, robust economic growth, and the existence of significant sports stores. The Western area maintains its leading position in the industry because to its tourism and international events, which increase demand for sportswear and equipment.
Saudi Arabia Sports Equipment and Apparel Market competitive landscape
Leading companies such as DRH Sports, Formative Sports, Flush Fashion KSA, Magic Sports, Nayef Sports, Jadawel International Group, Sportone, AAA Sports, Al-Othaim Markets, Nike, Puma, Under Armour, Reebok, Skechers, and Adidas. The market for sports gear and clothing in Saudi Arabia is very competitive, driven by rising health consciousness and government programs that support physical activity as part of Vision 2030. developing e-commerce platforms and a developing fitness culture are driving the demand for athleisure apparel, which is influencing the industry and intensifying competition. The government's emphasis on building sports facilities and promoting participation in a variety of sports is also driving the market, resulting in ongoing innovation and marketing initiatives from both domestic and international businesses.
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