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Sporting Goods Market, Global Outlook and Forecast 2023-2030

Sporting Goods Market, Global Outlook and Forecast 2023-2030

  • Published on : 03 August 2023
  • Pages :71
  • Report Code:SMR-7768484

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Report overview

The global Sporting Goods market was valued at US$ 50300 million in 2022 and is projected to reach US$ 62130 million by 2030, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Sporting equipment, also called sporting goods, has various forms depending on the sport, but it is essential to complete the sport. The equipment ranges from balls, to nets, and to protective gear like helmets. Sporting equipment can be used as protective gear or as tool used to help the athletes play the sport. Over time, sporting equipment has evolved because sports have started to require more protective gear to prevent injuries. Sporting equipment may be found in any department store.
This report aims to provide a comprehensive presentation of the global market for Sporting Goods, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sporting Goods. This report contains market size and forecasts of Sporting Goods in global, including the following market information:

  • Global Sporting Goods Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global Sporting Goods Market Sales, 2018-2023, 2024-2030, (K Units)
  • Global top five Sporting Goods companies in 2022 (%)
Sporting goods market is anticipated to record noteworthy growth in the next five to six years. This is majorly attributed to increased number of health-conscious consumers, who are incorporating playing sports as a part of their daily routine. Of different segments in the overall sports industry such as sports tourism, sports apparel, sports sponsorship, sporting goods and others, sporting goods is anticipated to gain significant share in the overall sporting industry. This has led to increased competition among sporting goods manufacturers ensuring improved distribution channels, prices, quality, efficient supply chain management, in order to maintain sustainability in the market. Among different regions, North America holds largest share in terms of value and is anticipated to maintain its dominance in the near future. Growth prospects for sporting goods market are favorable in the Asia Pacific region.

Few other factors bolstering the sporting goods market growth include growing retail industry, increasing disposable income of consumers, government inclination and support for sport activities in many countries, rising consumer awareness for health and fitness. In addition, with increasing awareness of health and fitness through encouragement of sports by governments of various countries along with consumer inclination for sports such as ICC Cricket World Cup, Commonwealth Games, Olympics have led to increased sales of varied sporting goods worldwide. However, availability of counterfeit products along with high prices of few products might restrict the market growth. Sporting goods manufacturers are performing extensive research and development related to raw material used, such as use of carbon fiber for manufacturing sporting goods, as it offers advantages such as light-weight, high-strength and better performance of the product.
We surveyed the Sporting Goods manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Sporting Goods Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Sporting Goods Market Segment Percentages, by Type, 2022 (%)
  • Ball Sports
  • Adventure Sports
  • Golf
  • Winter Sports
  • Others
Global Sporting Goods Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Sporting Goods Market Segment Percentages, by Application, 2022 (%)
  • Franchise Outlets
  • Department Stores
  • Specialty Sports
  • Discount Stores
  • On-line
  • Other
Global Sporting Goods Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Sporting Goods Market Segment Percentages, By Region and Country, 2022 (%)
  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:
  • Key companies Sporting Goods revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Sporting Goods revenues share in global market, 2022 (%)
  • Key companies Sporting Goods sales in global market, 2018-2023 (Estimated), (K Units)
  • Key companies Sporting Goods sales share in global market, 2022 (%)
key players include:
  • Nike Inc.
  • Reebok
  • Adidas AG
  • Puma SE
  • Amer Sports Corporation
  • VF Corporation
  • Asics Corporation
  • Under Armour Inc.
  • Brooks Sports Inc.
  • The North Face, Inc.
  • YONEX Co. Ltd.
  • MIZUNO Corporation
  • Skechers USA, Inc.
  • Converse Inc.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Sporting Goods, market overview.
Chapter 2: Global Sporting Goods market size in revenue and volume.
Chapter 3: Detailed analysis of Sporting Goods manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Sporting Goods in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Sporting Goods capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.