The latest report on “Sports Equipment Market (Product Type – Ball Sports, Adventure Sports, Fitness Equipment, Golf Equipment, Winter Sports, and Other Sports Equipment; Distribution Channel – Online Retail, Specialty & Sports Shops, and Department & Discount Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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Rising Commercialization and Increasing Participation in Several Sports are the Major Factors Propelling the Growth of the Global Sports Equipment Market
The global sports equipment market is witnessing a significant growth across the globe owing to the expanding reception of games and recreational exercises by individuals for stress. Growing media coverage of various global sports events such as the cricket world cup, Olympic games, commonwealth games, and FIFA world cup encourages the youth to take part in sports.
The sports equipment industry is quickly approving new technologies and adapting its products in order to keep tempo with swiftly changing global trends. Therefore, it is estimated that the sports equipment market is expected to grow at a success rate over the forecast period. Product development through research and development activities is likely to fuel the growth of the sports equipment market in the near future.
Rising commercialization and increasing participation in several sports are the major factors propelling the growth of the global sports equipment market. The growing tendency toward sporting activities to stay fit and relieve stress is driving the growth of the sports equipment market.
Furthermore, increasing awareness regarding health and the emergence of e-commerce also plays a vital role in the growth of the market. However, rising prices of sports equipment and the growing availability of counterfeit products are some of the restraints for the growth of the market. Moreover, the improvement of sports equipment products through research and development programs creates beneficial opportunities for the growth of the sports equipment market in the upcoming years.
North America is Leading the Sports Equipment Market
The report on the global sports equipment market is segmented regionally into North America, Europe, Asia-Pacific, and RoW. North America is leading the sports equipment market due to increasing health and fitness awareness among people. In addition, growing customer expenses on sports equipment sellers also help the market growth in this region. Asia-Pacific is expected to grow rapidly due to the increasing preference of customers to adopt healthier lifestyles resulting in the requirement of buying sports equipment.
The report on the global sports equipment market covers segments such as product type and distribution channel. On the basis of product type, the sub-markets include ball sports, adventure sports, fitness equipment, golf equipment, winter sports, and other sports equipment. On the basis of distribution channel, the sub-markets include online retail, specialty & sports shops, and department & discount stores.
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The report provides profiles of the companies in the market such as Adidas AG, Nike, Inc., Amer Sports, Puma SE, Callaway Golf Co., Mizuno Corporation, Under Armour, Sumitomo Rubber Industries Limited, Yonex Co., Ltd, and Sports Direct International PLC.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the sports equipment.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.