Sports and Leisure Equipment Market Growth & Forecast [2031]
Sports and Leisure Equipment Market Growth & Forecast [2031]
Segments - Sports and Leisure Equipment Market by Products (Winter Sports, Fitness Equipment, Golf Equipment, Ball Sports, Adventure Sports, and Winter Sports) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-3798
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| 200 Pages
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Report Description
The global sports and leisure equipment market size was USD 312.21 Billion in 2022 and is likely to reach USD 550.29 Billion by 2031, expanding at a CAGR of 6.5% during 2023–2031. The growth of the market is attributed to the increase public awareness about health and fitness.
Sporting and leisure equipment, commonly known as sporting goods, can be broadly described as tools, materials, attire, and gear that are needed to compete in a sport or for leisure activities. Fitness articles, camping goods, bicycles, garden tools, and musical instruments are major examples of leisure equipment. Sports are today seen as an outlet for personal triumphs, fashion statements, and a means of social participation.
However, the key benefit for sports is closely associated with the delivering of health advantages. The growing popularity of national and international competitions is attracting a big number of athletes each year from all around the world, which in turns, boosting the demand for sports and leisure equipment rapidly. Keeping the view of increasing inclination of customers, athletes, and gym employees towards customized sports and leisure items, the players are rapidly concentrating their product development to meet the requirements and expectations of consumers.
The COVID-19 outbreak repercussions are still being felt across the world with a harsh impact on the health and sports fields. The never-ending sports entertainment has come to a halt and many tournaments had to be postponed including Olympics at Tokyo. However, the COVID-19 pandemic has altered the concept of fitness environment and many employees, who have engaged in work from home, started focusing on these at-home workout infrastructures to stay healthy and boost the immune system.
Sports and Leisure Equipment Market Trends, Drivers, Restraints, and Opportunities
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Increasing desire for a healthier lifestyle and a better standard of living among a large number of the population globally are key factors that drive the market.
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Improving the global economic situation as well as wide expansion of international and domestic sport tournaments are likely to boost the market in the coming years.
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Growing adult engagement in athletic and leisure activities and availability of advanced yet cost-effective workout devices are key drivers of the market.
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Availability of counterfeit sports and recreation equipment acts as a key restraining factor that can hinder the market growth.
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Influx of light-weight sports equipment that provide portability and excellent performance, and more freedom of users is a major factor offering lucrative opportunities for the market expansion.
Scope of Sports and Leisure Equipment Market Report
The report on the global sports and leisure equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Sports and Leisure Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Winter Sports, Fitness Equipment, Golf Equipment, Ball Sports, Adventure Sports, and Winter Sports) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Callaway Golf Co.; Dunlop Sports Group Americas Inc.; Daiwa Seiko Corp.; Kingswood Leisure Services; Nike Inc.; Ningbo Supermax Sports & Leisure Equipment Co. Ltd.; Sports Direct International PLC; Yonex Co. Limited; Adidas AG; Billabong International Limited; Cabela’s Inc.; Premier Ports Services; Puma EC; and The Forzani Group Limited |
Sports and Leisure Equipment Market Segment Insights
Ball sports segment to expand at a considerable CAGR
On the basis of products, the sports and leisure equipment market is segmented into winter sports, fitness equipment, golf equipment, ball sports, and adventure sports. The ball sports segment is projected to expand at a considerable CAGR during the forecast period due to the wide range of sports available associated with the ball sports category. Baseball, softball, volleyball, basketball, and football are major examples of the segment category. On the other hand, the fitness equipment segment is anticipated to account for a major market share during the forecast period owing to increase people's concerns about their health and fitness. Moreover, the winter sports attract a specific group of customers due to geographical and seasonal limits of the tournaments.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to popularity of climbing and skiing activities in the region. Moreover, the rise of the winter sports tournaments in the region presents another key driver of the market. Furthermore, the Europe market is projected to register a high CAGR during the forecast period due to a high public interest in athletic activities such as adventure sports and other leisure activities in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to improving economic circumstances and growing GDP levels among major economies in the region.
Segments
The global sports and leisure equipment market has been segmented on the basis of
Products
- Winter Sports
- Fitness Equipment
- Golf Equipment
- Ball Sports
- Adventure Sports
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Callaway Golf Co.
- Dunlop Sports Group Americas Inc.
- Daiwa Seiko Corp.
- Kingswood Leisure Services
- Nike Inc.
- Ningbo Supermax Sports & Leisure Equipment Co. Ltd.
- Sports Direct International PLC
- Yonex Co. Limited
- Adidas AG
- Billabong International Limited
- Cabela’s Inc.
- Premier Ports Services
- Puma EC
- The Forzani Group Limited
Competitive Landscape
Key players competing in the global sports and leisure equipment market are Callaway Golf Co.; Dunlop Sports Group Americas Inc.; Daiwa Seiko Corp.; Kingswood Leisure Services; Nike Inc.; Ningbo Supermax Sports & Leisure Equipment Co. Ltd.; Sports Direct International PLC; Yonex Co. Limited; Adidas AG; Billabong International Limited; Cabela’s Inc.; Premier Ports Services; Puma EC; and The Forzani Group Limited.
To expand their geographic reach and consumer base, significant businesses are increasingly aligned with several online distribution channels for their online marketing and branding of their products. Furthermore, key manufacturers in the market are concentrating on expanding their revenue base by utilizing possibilities various business development strategies such as expansion of the production units and launching new products.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Sports and Leisure Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sports and Leisure Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sports and Leisure Equipment Market - Supply Chain
4.5. Global Sports and Leisure Equipment Market Forecast
4.5.1. Sports and Leisure Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sports and Leisure Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Sports and Leisure Equipment Market Absolute $ Opportunity
5. Global Sports and Leisure Equipment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Sports and Leisure Equipment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Sports and Leisure Equipment Demand Share Forecast, 2019-2026
6. North America Sports and Leisure Equipment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Sports and Leisure Equipment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Sports and Leisure Equipment Demand Share Forecast, 2019-2026
7. Latin America Sports and Leisure Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Sports and Leisure Equipment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Sports and Leisure Equipment Demand Share Forecast, 2019-2026
8. Europe Sports and Leisure Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Sports and Leisure Equipment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Sports and Leisure Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Sports and Leisure Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Sports and Leisure Equipment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Sports and Leisure Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Sports and Leisure Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Sports and Leisure Equipment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Sports and Leisure Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Sports and Leisure Equipment Market: Market Share Analysis
11.2. Sports and Leisure Equipment Distributors and Customers
11.3. Sports and Leisure Equipment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Callaway Golf Co.
11.4.2. Dunlop Sports Group Americas Inc.
11.4.3. Daiwa Seiko Corp.
11.4.4. Kingswood Leisure Services
11.4.5. Nike Inc.
11.4.6. Ningbo Supermax Sports & Leisure Equipment Co. Ltd.
11.4.7. Sports Direct International PLC
Methodology
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