The sports and leisure equipment market experienced significant growth in 2021 and is projected to continue growing at a rapid pace in the coming years. This growth can be attributed to various factors, such as the increasing number of individuals who are overweight, the rising incidence of chronic diseases associated with a sedentary lifestyle, and the growing importance of physical fitness among people, particularly among the younger generation.
Sports and leisure activities are vital for promoting a healthy lifestyle and physical fitness among individuals. The market for sports and leisure equipment includes various items such as apparel, tools, materials, balls, nets, and protective gear like helmets and guards. The use of such equipment has become increasingly popular due to the rising awareness of the importance of fitness and the desire to improve both performance and appearance while engaging in sports activities. In addition, adults engage in sports and leisure activities for other benefits such as socialization and self-image enhancement.
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Top Companies:
- Adidas AG
- Under Armour.
- New Balance
- Amer Sports
- Billabong International Colombia Sport
- PUMA SE
- Daiwa Seiko
- Quicksilver
- Cabela’s Inc.
- Yonex Co. Limited.
- Callaway Golf Co.
- Dunlop Sports Group Americas Inc.
- Kingswood Leisure Services
- Sports Direct International PLC
- Premier Ports Services
- Ningbo Supermax Sports Leisure Equipment Co. Ltd.
- The Forzani Group Limited
Drivers of Sports and Leisure Equipment Market
- Growing Interest in Health and Fitness: Increasing awareness of health and fitness benefits has led to a rise in demand for sports and leisure equipment. Consumers are becoming more conscious of their well-being and are investing in products that support an active lifestyle.
- Rising Participation in Sports and Recreational Activities: The popularity of sports and recreational activities has been on the rise globally. More people are engaging in activities like fitness training, yoga, cycling, camping, and hiking, which has driven the demand for appropriate equipment.
- Innovations and Technological Advancements: Advancements in technology have led to the development of more efficient and feature-rich sports and leisure equipment. Smart wearables, GPS tracking devices, high-performance materials, and innovative designs have been driving consumer interest.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Golf Equipment
- Fitness Sports Equipment
- Adventure Sports Equipment
- Ball Sports Equipment
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online Retail Stores
- Specialty Stores
- Supermarkets/Hypermarkets
Key Takeaways of the Global Sports and Leisure Equipment Market Report:
- A comprehensive overview of the global Sports and Leisure Equipment industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Sports and Leisure Equipment market.
- Elaborate study of the leading regional markets in the global Sports and Leisure Equipment market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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