Sports Equipment and Apparel Market

Sports Equipment and Apparel Market by Types (Equipment & Apparel and Shoes), Sports Types (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports, Winter Sports, Water Sports, and Others), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: CG-2834
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 198
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The sports equipment and apparel market is expected to register a high CAGR during the forecast period, between 2021 and 2028. The purpose of sports equipment is to enable the participant to take part in sports activity while meeting the regulations and rules of the sport. Athletes' performance is also enhanced with these equipment and apparel.

Sports Equipment and Apparel Market summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Introduction of innovative products is estimated to fuel the market growth.
  • Increasing fan base of major sport events such as Olympics, Indian Premier League, FIFA, and football leagues is fueling the demand for sports equipment and apparels, which in turn drives the growth of the market.
  • Growing preference for indoor activities such as playing videogames and rise in use of smartphones among youth due to increasing Internet penetration adversely affect the market growth.
  • High cost of sporting goods can impede the market growth.
  • Proclivity of consumers toward other leisure activities such as virtual reality gaming, watching movies, and live music shows can restraint the growth of the market.
  • Rising inclination toward sport and fitness activities among the youth propels is anticipated to foster the market growth during the forecast period.

Scope of the report:

The report on sports equipment and apparel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Sports Equipment and Apparel Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Equipment & Apparel and Shoes), Sports Types (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports, Winter Sports, Water Sports, and Others), Distribution Channels (Online and Offline)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation, ASICS Corporation, Gap Inc., and V.F.

Sports Equipment and Apparel Market Segment Insights:

Equipment segment is projected to hold significant market share

In the terms of types, the sports equipment and apparel market can be segmented into equipment & apparel and shoes. The equipment segment is projected to hold a significant market share and expected to dominate during the forecast period. Rising adoption of sports activities in daily life as a hobby and career is driving the growth of the market segment. On the other hand, the shoes segment is anticipated to grow at a robust rate in the projected timeline. Rising demand for shoes to improve the performance and comfort is driving the growth of the market segment.

Sports Equipment and Apparel Market types

Others segment is anticipated to account for a substantial share

Based on sports types, the sports equipment and apparel market can be segmented into bike, outdoor, tennis, other racket sports, running, fitness, football/soccer, other team sports, winter sports, water sports, and others. The other segment accounted for a substantial market share in 2020, and is expected to grow at a rapid pace during the forecast period. However, the outdoor segment is expected to constitute a significant market share due to rising inclination toward fitness and adoption of outdoor activities among schools.

Online segment is growing at a significant pace in near future

On the basis of distribution channels, the market can be bifurcated into online and offline. The online segment is estimated to account a large market share and is expected to exhibit a high CAGR during the forecast period. The ease in reading the reviews of any sports product and then buying it affiliates the growth of this market segment. Moreover, the presence of multiple discounts on equipment and shoes on various online marketplace is propelling the growth of the market segment.

North America is expected to dominate the market

In terms of regions, the sports equipment and apparel market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America was the prominent regional market in 2019. This can be attributed to growth in adoption of sports activities in the US and Canada. Conversely, the market in Asia Pacific is expected to grow at a healthy rate in the projected timeline due to increasing government initiatives to encourage people to indulge in sports activities.

Segments

By Types

  • Equipment
  • Apparel and Shoes

By Sports Type

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports
  • Winter Sports
  • Water sports
  • Others

By Distribution Channels

  • Online
  • Offline

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Decathlon S.A.
  • Nike, Inc.
  • Adidas AG
  • Puma SE
  • Under Armour Inc.
  • Amer Sports Corporation
  • ASICS Corporation
  • Gap Inc.
  • V.F. Corporation New Balance, Inc.

Competitive Landscape

Key players in the sports equipment and apparel market are Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation, ASICS Corporation, Gap Inc., and V.F. Corporation New Balance, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Sports Equipment and Apparel Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sports Equipment and Apparel 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 Equipment and Apparel Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sports Equipment and Apparel Market - Supply Chain
  4.5. Global Sports Equipment and Apparel Market Forecast
     4.5.1. Sports Equipment and Apparel Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sports Equipment and Apparel Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sports Equipment and Apparel Market Absolute $ Opportunity
5. Global Sports Equipment and Apparel Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Sports Equipment and Apparel Market Size and Volume Forecast by Types
     5.3.1. Equipment
     5.3.2. Apparel and Shoes
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sports Equipment and Apparel Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Sports Equipment and Apparel Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Sports Equipment and Apparel Demand Share Forecast, 2019-2026
7. North America Sports Equipment and Apparel 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
  7.2. North America Sports Equipment and Apparel Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Sports Equipment and Apparel Market Size and Volume Forecast by Types
     7.4.1. Equipment
     7.4.2. Apparel and Shoes
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Sports Equipment and Apparel Demand Share Forecast, 2019-2026
8. Latin America Sports Equipment and Apparel 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. Latin America Average Pricing Analysis
  8.2. Latin America Sports Equipment and Apparel Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Sports Equipment and Apparel Market Size and Volume Forecast by Types
     8.4.1. Equipment
     8.4.2. Apparel and Shoes
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Sports Equipment and Apparel Demand Share Forecast, 2019-2026
9. Europe Sports Equipment and Apparel 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. Europe Average Pricing Analysis
  9.2. Europe Sports Equipment and Apparel Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Sports Equipment and Apparel Market Size and Volume Forecast by Types
     9.4.1. Equipment
     9.4.2. Apparel and Shoes
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Sports Equipment and Apparel Demand Share Forecast, 2019-2026
10. Asia Pacific Sports Equipment and Apparel 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Sports Equipment and Apparel Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Sports Equipment and Apparel Market Size and Volume Forecast by Types
     10.4.1. Equipment
     10.4.2. Apparel and Shoes
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Sports Equipment and Apparel Demand Share Forecast, 2019-2026
11. Middle East & Africa Sports Equipment and Apparel Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Sports Equipment and Apparel Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Sports Equipment and Apparel Market Size and Volume Forecast by Types
     11.4.1. Equipment
     11.4.2. Apparel and Shoes
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Sports Equipment and Apparel Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Sports Equipment and Apparel Market: Market Share Analysis
  12.2. Sports Equipment and Apparel Distributors and Customers
  12.3. Sports Equipment and Apparel Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Decathlon S.A.
     12.4.2. Nike, Inc.
     12.4.3. Adidas AG
     12.4.4. Puma SE
     12.4.5. Under Armour Inc.
     12.4.6. Amer Sports Corporation
     12.4.7. ASICS Corporation
     12.4.8. Gap Inc.&

By Types

  • Equipment
  • Apparel and Shoes

By Sports Type

  • Bike
  • Outdoor
  • Tennis
  • Other Racket Sports
  • Running
  • Fitness
  • Football/Soccer
  • Other Team Sports
  • Winter Sports
  • Water sports
  • Others

By Distribution Channels

  • Online
  • Offline

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • Decathlon S.A.
  • Nike, Inc.
  • Adidas AG
  • Puma SE
  • Under Armour Inc.
  • Amer Sports Corporation
  • ASICS Corporation
  • Gap Inc.
  • V.F. Corporation New Balance, Inc.

Key players in the sports equipment and apparel market are Decathlon S.A., Nike, Inc., Adidas AG, Puma SE, Under Armour Inc., Amer Sports Corporation, ASICS Corporation, Gap Inc., and V.F. Corporation New Balance, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Sports Equipment and Apparel Market keyplayers

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