Content of Business Wire press release. The AP press team was not involved in its creation.
DUBLIN – (BUSINESS WIRE) – November 7, 2018 – The “Sports Equipment Market Analysis Report by Product (Ball Games, Net Ball Games, Fitness / Bodybuilding Equipment, Athletic Training Equipment), by Distribution Channel and Segment Forecast, 2018 – 2025” report was added to the offering of ResearchAndMarkets.com.
The global sports equipment market size is expected to reach USD 89.22 billion by 2025, registering a CAGR of 3.5% over the forecast period.
The industry is experiencing tremendous growth across the world due to the increasing adoption of sports and recreational activities by people for stress management and increasing health awareness. Extensive media coverage of several global sporting events, such as the FIFA World Cup, Commonwealth Games and Olympics, amplifies the popularity and expands the global reach of sport, thereby encouraging young people to take up sport.
In recent times, government institutions have made recreational activities a mandatory inclusion in school and college curricula. In addition to this, they take initiatives to popularize the adoption of sports activities in their countries and motivate young athletes. These initiatives include the allocation of substantial funds for the development of sports infrastructure, in addition to the organization of several sports events.
In addition, an increase in the participation of people has been noted in various sports such as golf, basketball and football, due to the improvement in the standard of living and a greater willingness to spend on hobbies. Emerging economies such as India, China, and Brazil are seeing improved living standards, which is expected to drive the growth of the sports equipment market.
However, in recent times a proliferation of counterfeit products, in addition to rising product prices, is expected to negatively impact the market during the forecast period. Nevertheless, product improvement and innovation, through the use of better quality raw materials, are poised to offer new opportunities to the market.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Outlook of the Sports Equipment Industry
Chapter 4. Sports Equipment Market: Product Outlook
Chapter 5. Sports Equipment Market: Distribution Channel Outlook
Chapter 6. Sports Equipment Market: Regional Outlook
Chapter 7. Competitive landscape
- Adidas AG
- Amer Sports
- Callaway Golf Co.
- Sumitomo Rubber Industries Limited
- Nike, Inc.
- Puma SE
- Mizuno Company
- Sports Direct International SA
- Under protection
- Yonex Co., Ltd
For more information on this report, visit https://www.researchandmarkets.com/research/tj23xs/global_sports?w=4
See the source version on businesswire.com:https://www.businesswire.com/news/home/20181107005457/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
Related topics: Sporting goods and equipment
KEYWORD:
INDUSTRY KEYWORD: OTHER SPORTS SPORTS
SOURCE: Research and markets
Copyright Business Wire 2018.
PUB: 07/11/2018 06:59 AM / DISC: 07/11/2018 06:59 AM
http://www.businesswire.com/news/home/20181107005457/en
