Sports Equipment Market Research Report - Global Forecast till 2027

Sports Equipment Market Share, Size, Industry Research Report: Information by Type (Balls, Sticks, Bats & Clubs, Nets and Goalposts, Sports Gear and others), Distribution Channel (Store-Based and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/6611-HCR | February 2021 | Region: Global | 90 pages

Sports Equipment Market Scenario


Sports Equipment Market is projected to register a growth rate of 3.20% from 2019 to 2027 to reach a market size of USD 97.16 Billion by the end of 2027. Rising popularity of licensed merchandise sports equipment and growing demand for advance and high-quality products for better performance are some of the factors leading to the rise in the global sportswear market share. Moreover, a large section of young people are leading sedentary lifestyles which can lead to a multitude of lifestyle-related diseases. In order to stay fit, there is an increasing tendency to participate in sports, which, in turn, is estimated to drive the growth of the market over the review period.  However, fluctuating exchange rates and the increasing presence of counterfeit products are expected to hinder the overall sports equipment market growth during the forecast period.  


Segmentation


The sports equipment market has been segmented based on type, distribution channel, and region.


Based on type, market has been classified into balls, sticks, bats, & clubs, nets and goalposts, sports gear, and others. The balls segment is expected to be the largest and fastest-growing market during the review period.


On the basis of distribution channel, market has been divided into store-based and non-store-based. The store-based segment has further been classified as hypermarkets and supermarkets, specialty stores, and others. The store-based segment is expected to hold the larger share of the global market from 2019 to 2027. However, the non-store-based segment is expected to register a higher growth rate during the forecast period.


The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American market has further been segmented into the US, Canada, and Mexico.


The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.


Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The sports equipment industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • Kering S.A. (France)

  • Nike, Inc. (US)

  • ANTA Sports Products Limited (China)

  • Adidas AG (Germany)

  • Quiksilver, Inc. (Australia)

  • Callaway Golf Company (US)

  • Sports Direct International plc (UK)

  • BPS Direct, LLC (US)

  • Shenzhen Taishan Sports Technology Co., Ltd (China)

  • Globeride, Inc. (Japan)

  • MIZUNO Corporation (Japan)

  • Yonex Co., Ltd (Japan)

  • Black Diamond Equipment, Ltd (US)

  • New Balance Athletics, Inc. (US)

  • Daei Sportswear & Equipment (Iran)


Regional Market Summary


Global Sports Equipment Market Share (%), by Region, 2019  Sports Equipment Market_Image


Source: Secondary Sources and MRFR Analysis


The market in North America is expected to dominate the global sports equipment market during the forecast period. The presence of established sports equipment manufacturers, as an important part of the sporting goods industry, and the popularity of various sports including baseball, soccer, hockey, and basketball are primarily driving the regional market growth.


The Asia-Pacific sports equipment industry is expected to register the highest CAGR during the forecast period. The high growth of the organised retail sector, as well as the increasing importance of sports activities for better fitness and health, are some of the factors boosting the growth of the regional sports equipment industry. High product promotion and launch of smart sports equipment in Japan, China, and Indonesia are further adding to the regional market growth.


Global Sports Equipment Market, by Type



  • Balls

  • Sticks, Bats, and Clubs

  • Nets and Goalposts

  • Sports Gear

  • Others


Global Sports Equipment Market, by Distribution Channel



  • Store-Based


    • Supermarkets and Hypermarkets

    • Specialty Stores

    • Others


  • Non-Store-Based


Global Sports Equipment Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Sport equipment manufacturers

  • Sports associations and institutions

  • Commercial research and development institutions

  • Raw material suppliers and distributors

  • Retailers, distributors, and wholesalers

  • Traders, exporters, and importers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 97.16 Billion
  CAGR   3.20% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Distribution
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Kering S.A. (France), Nike, Inc. (US), ANTA Sports Products Limited (China), Adidas AG (Germany), Quiksilver, Inc. (Australia), Callaway Golf Company (US), Sports Direct International plc (UK), BPS, Direct, LLC (US), Shenzhen Taishan Sports Technology Co., Ltd (China), Globeride, Inc. (Japan), MIZUNO Corporation (Japan), Yonex Co., Ltd (Japan), Black Diamond Equipment, Ltd (US), New Balance Athletics, Inc. (US), Daei Sportswear & Equipment (Iran)
  Key Market Opportunities

  • Sports equipment market is growing by rising popularity of licensed merchandise sports equipment
  • Sports equipment market is rising by growing demand for advance and high-quality products for better performance
  •   Key Market Drivers   The presence of established sports equipment manufacturers, as an important part of the sporting goods industry, and the popularity of various sports including baseball, soccer, hockey, and basketball are primarily driving the regional market growth.