Press release
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Market
Sporting And Athletic Goods
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic goods market has shown consistent progress recently. It is projected to increase from $133.55 billion in 2024 to $140.06 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.9%. Looking ahead, the market is expected to reach $173.93 billion by 2029, growing at an accelerated CAGR of 5.6%. This growth is driven by several elements, including enhanced sustainability efforts, the integration of health and wellness into sports products, customization and personalization trends, the rising popularity of athleisure, increased participation in youth sports, and the influence of social media. Additionally, emerging trends such as the incorporation of smart sportswear, the use of augmented reality (AR) in training, subscription-based sports gear models, female-focused sportswear designs, and innovations in footwear technology are expected to shape the market during this period.
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Key Companies Leading the Sporting and Athletic Goods Market
Several prominent players dominate the sporting and athletic goods sector, leveraging innovation and strategic initiatives to maintain their market positions. While the text does not list specific companies, these leaders typically focus on product development, sustainability, and consumer engagement to stay competitive.
Innovation Through Additive Manufacturing in Sports Goods
Additive manufacturing, also known as 3D printing, is revolutionizing the sports goods industry by enabling higher levels of customization and product innovation. This technology allows manufacturers to create tailored sports equipment that meets individual athlete needs, enhancing performance and comfort. The adoption of such advanced manufacturing techniques is transforming how sporting goods are designed and produced.
View the full sporting and athletic goods market report:
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Recent Strategic Acquisition in Related Industries
In a significant move within the broader sports and insurance landscape, Allianz SE, a German financial services firm, acquired a 72% stake in European Reliance General Insurance Company S.A. in February 2022, for approximately €207 million ($223.8 million). This acquisition strengthens Allianz's foothold in the Greek insurance market. European Reliance General Insurance Company offers a range of insurance products and services catering to individuals, businesses, and organizations across Greece.
Positive Trends Supporting Growth in Sporting and Athletic Goods
Emerging innovative products are playing a crucial role in transforming the sporting goods sector. Advances in materials, design, and technology are improving the functionality and appeal of sports equipment. These innovations are helping to meet the growing demand for high-performance, sustainable, and personalized athletic goods.
Overview of Sporting and Athletic Goods Market Segmentation
The market segmentation reflects continuous growth in recent years. From a value of $133.55 billion in 2024, it is expected to increase to $140.06 billion in 2025 with a CAGR of 4.9%. This steady rise demonstrates the market's resilience and adaptability amid changing consumer trends and technological progress.
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