Global Sports Equipment and Accessories Market Overview:
Sports equipment and accessories are an object or device used in sports to enhance performance. Sports accessories include batting gloves, baseball caps, and swimming goggles, etc. This category contains items essential required for sports participation, such as shoes and clothing. This includes items used to enhance performance, such as energy drinks and protein supplements. Growing awareness amongst people regarding sports, fitness, and general health are the factors driving the sports equipment and accessories market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Sports Participation Rate Owing to Increasing Purchase of Sports Equipment and Accessories
Market Growth Drivers:
Growing Awareness in People Regarding Sports Equipment, Fitness, and General Health, Rising Disposable Income Of Consumers. and The Growing Popularity of Online Shopping.
Challenges:
Rise in Price Level due to Tariffs and Taxes
Restraints:
Increasing Price of Sports Equipment’s, Presence of Counterfeit Products and Increasing the Inclination of Consumers towards Other Leisure and Indoor Activities
Opportunities:
Increasing Different Influential Technological Innovations Such as Heart Monitors and Many More Associated with Sports Equipment and Accessories
Competitive Landscape:
Sports Equipment and Accessories is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are Reebok International Ltd. (United States), Everlast Worldwide Inc. (United States), V.F. Corporation (United States), Nike Inc. (United States), Adidas AG (Germany), Under Armour Inc. (United States), New Balance (United States), Puma SE (Germany), Fila Inc. (South Korea) and Wilson Sporting Goods (United States). Additionally, following companies can also be profiled that are part of our coverage like Amer Sports Corporation (Finland), ASICS Corporation (Japan), Gap Inc. (United States) and Johnson Outdoors, Inc. (United States). Considering Market by End Users, the sub-segment i.e. Men will boost the Sports Equipment and Accessories market. Considering Market by Price, the sub-segment i.e. Economic will boost the Sports Equipment and Accessories market. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarket/ Supermarket will boost the Sports Equipment and Accessories market. Considering Market by Sports Type, the sub-segment i.e. Team Sport will boost the Sports Equipment and Accessories market.
Latest Market Insights:
In March 2021, VF Corporation, a global leader in branded lifestyle apparel, footwear, and accessories, announced that Timberland, Vans, and The North Face brands have entered into an integrated partnership called DiverCity with PENSOLE Academy as part of its ongoing commitment to racial equity. I did. x DESIGN. This new corporate apprenticeship program provides Black, Indigenous, and People of Color (BIPOC) students with professional design experience and unique access to empowerment as they learn, create, and build a career in the footwear industry.
What Can be Explored with the Sports Equipment and Accessories Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sports Equipment and Accessories Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sports Equipment and Accessories
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sports Equipment and Accessories market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sports Equipment and Accessories market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sports Equipment & Accessories Manufactures, New Entrants and Investors, Sports Equipment & Accessories Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.