The global sports accessories and equipment market is anticipated to grow at a CAGR of 6.7% during the forecast period (2023-2030). Sports equipment is the utility equipment essential for engaging in sports activity, and aid to meet the rules and regulations of a particular sport. These equipment and apparel are essential to enhance the performance of athletes. The sports equipment industry is rapidly evolving, owing to the increase in adoption of emerging sports technologies and the latest trends among the youth population. The introduction of innovative products is the medium for manufacturers to sustain themselves in the competitive market, attract new consumers, and cater to the requirements of existing consumers. An increase in the fan base of popular sports events such as the Olympics, the Indian premier league, FIFA, and others are fueling the demand for sports equipment and apparel globally. Moreover, the rise in popularity of sports and fitness activities among the youth is also propelling the overall sports equipment and apparel market growth.
Browse the full report description of “Sports Accessories and Equipment Market Size, Share & Trends Analysis Report by Product (Sports Equipment, Sports Apparel, Sports Footwear, and Others), by Sports Type (Football, Cricket, Hockey, Tennis, Basketball, Others), and by Distribution Channel (Online and Offline), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/sports-accessories-and-equipment-market
Sports companies sell their products both offline and online to cater to different customer preferences and maximize their sales potential. For instance, in November 2022, Toyam Sports Ltd. (TSL) launched a wide range of MMA merchandise, under its 'KlL' brand. Specifically, designed products lunched via various B2C sales formats (online as well as offline) in India. Partnerships also benefit sports organizations by allowing them to work with companies to develop new products and services. Higher earnings and visibility may ensue from this for both parties. For Instance, in May 2023, Fanatics announces an innovative collaboration with Sky Sports to introduce their brand-new fan-focused online store. The new online merchandise shop is a first for Sky Sports, as well as Fanatics’ first partnership with a European broadcaster. Further, in December 2022, The first Scott Technology Center was opened by Scott Sports in India. The company sells bicycles, winter clothing, motorsports gear, and athletic apparel.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product
o By Sport Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Adidas AG, Amer Sports, Puma SE, Yonex Co., Ltd., Mizuno Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Sports Accessories and Equipment Market Report Segment
By Product Type
By Sport Type
By Distribution Channel
Global Sports Accessories and Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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