Sports Equipment and Apparel Market Introduction and Overview
According to SPER Market Research, the Global Sports Equipment and Apparel Market is estimated to reach USD 947.02 billion by 2033 with a CAGR of 9.73%.
The report includes an in-depth analysis of the Global Sports Equipment and Apparel Market, including market size and trends, product mix, applications, and supplier analysis. Sports equipment and apparel are the gear, clothes, and accessories used in a variety of sports, physical activities, and outdoor pastimes. These items are specifically designed to improve performance, comfort, safety, and durability during sporting activities. Examples include. Apparel refers to clothing items like as jerseys, shorts, leggings, jackets, socks, and sports bras that are made with moisture-wicking fabrics, ergonomic cuts, and ventilation to improve comfort and performance. The footwear are Shoes designed for certain sports or activities include running shoes, basketball sneakers, soccer cleats, hiking boots, and specialty footwear for activities such as cycling or tennis. This includes the necessary equipment for participation in sports and activities.
- May 2022- Adidas AG (XETRA: ADS.DE) ("Adidas"), a global sports apparel manufacturer in the sporting goods industry, and Foot Locker, Inc. (NYSE: FL) ("Foot Locker"), a New York-based specialty athletic retailer, today announced a new and enhanced partnership focused on product innovation, elevated experiences, and deeper consumer connectivity. This strengthened collaboration will position Foot Locker as Adidas' leading basketball partner, accelerating energy and hype launches.
- The formal sale of Reebok by Adidas to Authentic Brands Group was completed in March 2022. During the transition, Adidas will continue to run the Reebok firm for ABG in certain places. Adidas has now received the majority of the entire value in cash, with the remaining made up of deferred and contingent compensation.
Market Opportunities and Challenges
Opportunities- Because of growing knowledge of the benefits of participation in sports activities, such as enhanced focus and problem-solving skills, there has been an increase in expenditure on sports training and development among young people, driving up demand for sports clothing and equipment. Furthermore, the paradigm shift in the educational system promotes the growth of the sports business and related enterprises. Sports and fitness awareness has also grown significantly as a result of increased sports instruction and training in educational settings. As a result, many educational institutions provide pupils instruction so that they can participate in a variety of sports.
Challenges- Several athletes have been attacked because of interstate rivalry or to gain media attention. Terrorist attacks on athletic events disrupt the audience and participants, resulting in the event's failure or cancellation, as well as a decline in attendance among new or seasoned athletes. This pose a challenge the sports equipment and apparel markets. The rise in corruption in the sports sector, as well as the development in political influence on sporting events and competition, causes inconvenience for both established and new athletes. This is ascribed to the fact that political meddling causes biases in the selection, promotion, sponsoring, and other beneficial facilities for athletes, which leads in a decreasing participation rate.
Market Competitive Landscape
The major players operating in the sports equipment and apparel market include Adidas AG; Amer Sports; Callaway Golf Co; Sumitomo Rubber Industries Limited; Nike, Inc; Puma SE; Mizuno Corporation; Sports Direct International PLC; Under Armour; Yonex Co, Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Sports Type, By Distribution Channel
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Adidas AG; Amer Sports; Callaway Golf Co; Sumitomo Rubber Industries Limited; Nike, Inc; Puma SE; Mizuno Corporation; Sports Direct International PLC; Under Armour; Yonex Co, Ltd.
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COVID-19 Impact on Global Sports Equipment and Apparel Market
Covid-19 has a huge impact on the Sports Equipment and Apparel Market. Despite disruptions, demand for home fitness equipment and apparel increased as individuals transitioned to home-based workouts and outdoor activities. Financial Challenges for Businesses arose when sporting goods makers and merchants faced reduced revenues and increasing operational costs connected to safety and logistics. As vaccination rates climbed and limitations were relaxed in many locations, the market gradually recovered. To adapt to the new normal, companies prioritized innovation, digital transformation, and sustainability.
Key Target Audience:
- Athletes and Sports Enthusiasts
- Fitness and Health-Conscious Consumers
- Casual Sports Participants
- Outdoor Adventurers
- Fashion and Lifestyle Consumers
- Youth and Teenage Market
- Senior Citizens and Active Aging
- Professional Athletes and Teams
Our in-depth analysis of the Sports Equipment and Apparel Market includes the following segments:
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By Product Type:
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Equipment
Apparel and Shoes
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By Sports Type:
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Bike
Outdoor
Tennis
Other Racket Sports
Running
Football/Soccer
Other Team Sports
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By Distribution Channel:
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Offline Retail Stores
Online E-commerce Stores
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Key Topics Covered in the Report:
- Global Sports Equipment and Apparel Market Size (FY’2024-FY’2033)
- Overview of Global Sports Equipment and Apparel Market
- Segmentation of Global Sports Equipment and Apparel Market by Product Type (Equipment, Apparel and Shoes)
- Segmentation of Global Sports Equipment and Apparel Market by Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports)
- Segmentation of Global Sports Equipment and Apparel Market by Distribution Channel (Offline Retail Stores, Online E-commerce Stores)
- Statistical Snap of Global Sports Equipment and Apparel Market
- Expansion Analysis of Global Sports Equipment and Apparel Market
- Problems and Obstacles in Global Sports Equipment and Apparel Market
- Competitive Landscape in the Global Sports Equipment and Apparel Market
- Impact of COVID-19 and Demonetization on Global Sports Equipment and Apparel Market
- Details on Current Investment in Global Sports Equipment and Apparel Market
- Competitive Analysis of Global Sports Equipment and Apparel Market
- Prominent Players in the Global Sports Equipment and Apparel Market
- SWOT Analysis of Global Sports Equipment and Apparel Market
- Global Sports Equipment and Apparel Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Sports Equipment and Apparel Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Sports Equipment and Apparel Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Sports Equipment and Apparel Market
7. Global Sports Equipment and Apparel Market, By Product Type (USD Million) 2020-2033
7.1. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Equipment
7.4. Apparel and Shoes
8. Global Sports Equipment and Apparel Market, By Sports Type (USD Million) 2020-2033
8.1. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Sports Type, 2020-2026
8.2. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Sports Type, 2027-2033
8.3. Bike
8.4. Outdoor
8.5. Tennis
8.6. Other Racket Sports
8.7. Running
8.8. Football/Soccer
8.9. Other Team Sports
9. Global Sports Equipment and Apparel Market, By Distribution Channel (USD Million) 2020-2033
9.1. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Global Sports Equipment and Apparel Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Offline Retail Stores
9.4. Online E-commerce Stores
10. Global Sports Equipment and Apparel Market Forecast, 2020-2033 (USD Million)
10.1. Global Sports Equipment and Apparel Market Size and Market Share
11. Global Sports Equipment and Apparel Market, By Region, 2020-2033 (USD Million)
11.1. Global Sports Equipment and Apparel Market Size and Market Share By Region (2020-2026)
11.2. Global Sports Equipment and Apparel Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. ADIDAS AG
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. AMER SPORTS
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. CALLAWAY GOLF CO
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. MIZUNO CORPORATION
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. NIKE, INC
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. PUMA SE
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SPORTS DIRECT INTERNATIONAL PLC
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. SUMITOMO RUBBER INDUSTRIES LIMITED
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. UNDER ARMOUR
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
