Published Date : Apr 27, 2016
Sporting equipment or sports goods are objects, which are commonly used in different types of sport or for other exercising purpose. The remarkable increase in the participation of sports of the youth across the globe is one of the major factors boosting the demand for sports equipment in the global market. Moreover, the protective equipment in the overall sports industry is also a key segment, which includes jock strap, mouth guards, ski suits, shin pads, and a football helmet.
In addition, the global market for sports equipment is developing innovative technologies and designing new products in order to maintain the pace with the changing trends worldwide.
On the basis of products, the market for sports equipment can be segmented into:
Some of the other equipment of the global market for sports equipment are wheel sports, billiards, golf, archery, winter sports, pogo sticks, fitness, ball sports, bowling, indoor games, and adventure sports.
Studying the stiff competition in the global market for sports equipment, several new entities are taking efforts to enter the global market and creating a niche for themselves. The high profits related to this market is one of the major attraction for these market players. Some of the leading players operating in the global market for sports equipment are Callaway Golf Company, GLOBERIDE, Inc., Adidas AG, PUMA SE, MIZUNO Corporation, Nike Inc., Cabela’s Incorporated, YONEX Co., Ltd., Jarden Corporation, and Amer Sports.
Booming E-commerce Industry to Augment Growth of Global Sports Equipment Market
In the last few years, the global market for sports equipment has witnessed a substantial growth. The increasing consumer awareness regarding the healthy lifestyle and fitness regime and increasing participation in sports are the major factors that are estimated to boost the demand for sports equipment in the next few years worldwide. In addition, the tremendous development of the e-commerce industry is another prominent factor fueling the growth of the market.
On the flip side, the rising costs of sports equipment and increasing availability of counterfeit products are some of the prominent factors, which are projected to curb the growth of the global market for sports equipment in the next few years.