Global Sports Equipment and Clothing Market (2020 to 2027) – By Product Type, Sports Type and Distribution Channel – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “Sports Equipment and Clothing Market by Product Type, Sports Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027” report was added to ResearchAndMarkets.com offer.

Sports equipment is the essential utility equipment for engaging in a sports activity and helps to comply with the rules and regulations of a particular sport. In addition, these equipments and clothing are essential elements that improve the performance of athletes.

The sports equipment industry is changing rapidly, due to the increasing adoption of emerging sports technologies and the latest trends among the youth population. Introducing innovative products is the way for manufacturers to stay in the competitive market, attract new consumers and meet the demands of existing consumers. In addition, the increase in the number of fans of popular sporting events such as the Olympics, Indian Premier League, FIFA and others is fueling the demand for sports equipment and clothing, which in turn stimulates market growth. Moreover, an increase in the popularity of sports and fitness activities among young people is propelling the overall growth of the market.

However, the increase in the preference for indoor activities such as video games and the increase in the use of smartphones among young people due to the increase in internet penetration are negatively affecting the growth of the market. . In addition, the consumer propensity for other leisure activities such as virtual reality games, watching movies, live music shows and others is restraining the growth of the market. In addition, the seasonality of sport increases the preference for other leisure activities and gives way to seasonal shopping, which promotes market growth.

The global sports equipment and clothing market is segmented on the basis of product, type of sports, distribution channels and region. Based on the type of product, the market is categorized into equipment, clothing, and footwear. By type of sport, it is classified into cycling, outdoor, tennis, other racquet sports, running, fitness, football / soccer, other team sports, winter sports, water sports and others. In terms of distribution channels, it is divided into online and offline. By region, it is analyzed in North America, Europe, Asia-Pacific and the rest of the world.

Key Benefits

  • The report provides quantitative analysis of current market trends, estimates and market size dynamics from 2018 to 2026.

  • Porter’s Five Forces Analysis highlights the power of tenable buyers and supplier stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • Thorough size and segmentation analysis helps to determine existing market opportunities.

  • The main countries in each region are mapped according to their contribution to industry revenues.

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players in the sports equipment and apparel industry.

Main conclusions

  • The sports equipment and clothing market was valued at $ 470,403.0 million in 2019 and is expected to reach $ 817,169.4 million by 2026, with a CAGR of 7.2% during the forecast period .

  • On the basis of product type, the equipment segment would experience the fastest growth, registering a CAGR of 7.2% during the forecast period.

  • On the basis of sport type, the Others segment held the highest share in 2019, accounting for almost a fifth of the global market share.

  • Based on the distribution channel, the offline segment was the largest market in 2019 and is expected to grow at a significant CAGR throughout the forecast period.

  • The United States was the dominant country in 2018, accounting for a considerable share of the global sports equipment and clothing market.

Market dynamics

Conductors

  • Increased awareness of sports and fitness around the world

  • Government initiatives regarding sporting activities and events

Constraints

  • Increase in terrorism and political influence over sporting events

  • Increased propensity of children to indoor leisure activities

Opportunities

  • Increase in the contribution of various organizations to the donation

  • Rapid growth of online retail platform

Companies mentioned

  • Decathlon SA

  • Nike Inc.

  • Adidas AG

  • Puma SE

  • Under Armor Inc.

  • Amer Sports Corporation

  • ASICS Company

  • Gap inc.

  • VF Corporation New Balance Inc

For more information on this report, visit https://www.researchandmarkets.com/r/hy0ayu


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