Sporting And Athletic Goods Global Market Grows At Rate Of 15% Through 2021
November 25, 2021
The Business Research Company’s Sporting And Athletic Goods Global Market Report 2021: COVID-19 Impact And Recovery To 2030
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According to the new market research report ‘Sporting And Athletic Goods Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the sporting and athletic goods market is expected to grow from $96.21 billion in 2020 to $110.33 billion in 2021 at a compound annual growth rate (CAGR) of 14.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $142.84 billion in 2025 at a CAGR of 7%. The sporting and athletic goods manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
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The sporting and athletic goods market consists of sales of sporting and athletic goods by entities (organizations, sole traders and partnerships) that produce sporting and athletic goods, except clothing and footwear.
Trends In The Global Sporting And Athletic Goods Market
Additive manufacturing is growing as an important trend as the sports goods industry has become competitive. Additive manufacturing involves building three dimensional objects using digital models by successively adding multiple layers of material. The sports goods industry has fast-changing customer demands and requirements in product performance. Additive manufacturing enables the manufacturer to fulfil those demands by providing an efficient approach to rapid prototyping. Therefore, a manufacturer can produce a specific design depending upon the individual’s prototype. In September 2019, GuardLab, a New York-based sports technology brand partnered with Bauer Hockey, an athletic equipment manufacturer to launch personalized 3D printed mouthguards.
Global Sporting And Athletic Goods Market Segments:
The global sporting and athletic goods global market is further segmented:
By Type: Fishing Equipment, Skating And Skiing Equipment, Golf Equipment, Other Sporting Equipment
By Distribution Channel: Online Stores, Specialty Stores, Convenience/Departmental Store, Others
By Material: Plastics, Wood, Metal, Others
By Geography: The global sporting goods market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global sporting and athletic goods global market.
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Sporting And Athletic Goods Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides sporting and athletic goods market overviews, analyzes and forecasts market size and growth for the global sporting and athletic goods market, sporting and athletic goods market share, sporting and athletic goods market players, sporting and athletic goods market segments and geographies, sporting and athletic goods market’s leading competitors’ revenues, profiles and market shares. The sporting and athletic goods market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Sporting And Athletic Goods Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Sporting And Athletic Goods Market Organizations Covered: Decathlon, Callaway Golf Company, NIKE, Performance Sports Group, Russell.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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