Positive Economic Growth Trends Fueling The Sporting And Athletic Goods Manufacturing Market: Powering Innovation and Expansion in the Sporting And Athletic Goods Market by 2025

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What Is the Expected CAGR for the Sporting And Athletic Goods Market Through 2025?
The sporting and athletic goods market grew steadily, from $133.55 billion in 2024 to $140.06 billion in 2025 at a CAGR of 4.9%.

What's the Projected Size of the Global Sporting And Athletic Goods Market by 2029?
The market size of athletic and sporting goods is poised to witness a significant expansion in the coming years, expected to reach $173.93 billion in 2029, proliferating at a compound annual growth rate (CAGR) of 5.6%. The projected growth during the forecast period can be credited to the rise in sustainability practices, the integration of health and wellness, custom-made and personalized products, the surging athleisure market, increased youth involvement in sports, and the impact of social media. The foroming period will see key trends such as the incorporation of smart sportswear, employment of augmented reality (AR) in sports education, subscription-based models for sporting equipment, designs focused on female sportswear, and advancements in shoe technology.

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Top Growth Drivers in the Sporting And Athletic Goods Industry: What's Accelerating the Market?
The manufacturing market for sporting and athletic goods is anticipated to gain from the predicted steady economic growth in several developed and developing nations. The global GDP growth was noted by the International Monetary Fund (IMF) as 3.3% in 2020 and projected to be 3.4% in 2021. The resurgence in commodity prices, following a decrease in the past era, is likewise predicted to majorly influence the economic expansion. The growth of the US economy is projected to remain stable throughout the predicted period. Furthermore, anticipated is a slightly accelerated growth of the emerging markets compared to the developed markets within the same period. Increased economic growth is expected to stimulate public and private investments, joint undertakings, and foreign direct investments in the final user markets, thus promoting the market in the forecast period.

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What Trends Will Shape the Sporting And Athletic Goods Market Through 2029 and Beyond?
As a mounting trend, additive manufacturing is gaining traction within the increasingly competitive sporting goods industry. This process involves the construction of three-dimensional objects through digital models and the sequential addition of material layers. The rapidly evolving customer needs and product performance expectations in the sports goods industry call for an efficient solution like additive manufacturing, which is instrumental in fast-track prototyping. This allows manufacturers to tailor specific designs based on individual prototypes. For instance, Asics Corporation, a Japanese sportswear and athletic equipment manufacturer, rolled out ACTIBREEZE, in July 2022. Thanks to a parametric design method and advanced 3D printing technology, this pioneering geometric structure made its way into a novel 3D printed sandal designed to support the recuperation of athletes, both physically and mentally. The unique structure offers unparalleled comfort and protection for the wearer.

What Are the Main Segments in the Sporting And Athletic Goods Market?
The sporting and athletic goods market covered in this report is segmented -

1) By Type: Fishing Equipment, Skating And Skiing Equipment, Golf Equipment, Other Sporting Equipment
2) By Material: Plastics, Wood, Metal, Other Materials
3) By Distribution Channel: Online Stores, Specialty Stores, Convenience Or Departmental Store, Other Distribution Channels

Subsegments:
1) By Fishing Equipment: Fishing Rods, Fishing Reels, Tackle and Bait, Fishing Lines, Fishing Accessories
2) By Skating And Skiing Equipment: Ice Skates, Roller Skates, Skateboards, Ski Equipment (Skis, Boots, Poles), Snowboarding Gear
3) By Golf Equipment: Golf Clubs, Golf Balls, Golf Bags, Golf Apparel, Golf Accessories
4) By Other Sporting Equipment: Team Sports Equipment, Fitness Equipment, Outdoor Sports Gear, Individual Sports Equipment

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Which Top Companies are Driving Growth in the Sporting And Athletic Goods Market?
Major companies operating in the sporting and athletic goods market include Nike Inc., Adidas AG, Decathlon S.A., Russell Athletic LLC, Anta Sports Products Limited, Skechers USA Inc., Under Armour Inc., New Balance Athletics Inc., Callaway Golf Company, Li-Ning Company Limited, ASICS Corporation, Columbia Sportswear Company, Fila Holdings Korea Ltd., Amer Sports Corporation, Mizuno Corporation, The North Face Inc., Patagonia Inc., YONEX Co. Ltd., Skis Rossignol S.A., K-Swiss Inc., Derby Cycle Corporation

Which Regions Will Dominate the Sporting And Athletic Goods Market Through 2029?
Asia-Pacific was the largest region in the sporting and athletic goods market in 2024. Western Europe was the second largest region in the sporting and athletic goods market. The regions covered in the sporting and athletic goods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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