The Sports Goods Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.
Market Overview:
The Global Sports Goods Market is subject to witness a substantial growth due to the rising enthusiasm towards sports & sporting events, increasing focus towards fitness activities, and growing penetration of retail e-commerce sector across the globe. Additionally, rising disposable income and health consciousness among young population in both developed and developing economies worldwide are anticipated to drive the growth of sports goods market over the forecast period. Changing lifestyle patterns and increasing participation in sports related activities by young population are estimated to fuel the market growth in upcoming years.
Key Players:
• Callaway Golf • Amer Sports • Puma SE • Adidas AG • Nike • Mizuno • YONEX Request free sample to get a complete list of companies @ https://www.millioninsights.com/industry-reports/sports-goods-market/request-sample
Growth Drivers:
Rising adoption of sports good & equipment during sports activities in order to avert injuries to leg muscle, knee pain, hip pain, and back pain, is leading to substantial purchase of sports good & equipment in North America and Asia Pacifica market. Additionally, lowering cost of the sports goods in Asia-Pacific market is expected to augment market demand in near future. The recent development of innovative manufacturing technology that is increasingly adopted by industry players, has led to production of high performing sports good & equipment. For example, recent advancement in sports footwear industry such as advent of a forged mesh technology, that allows development of a single layer shoe with a ribbed pattern on the upper portion with help of ARAMIS, which is a motion capture technology, has gained a lot of appreciation and demand from North America and European region.
Market Segment:
The reports help answer the following questions: • What is the current size of the sports good market in the world and in the top 10 global countries? • How much sports goods are produced in the world and in the top 10 global countries? • How is the market split into different types of sports goods? • How are the overall market and different product types growing? • How is the market predicted to develop in the future? • Who are the market players?
The latest industry data included in the reports: • Demand for sports goods, 2010-2021 • Production of sports goods, 2010-2021 • Sports goods market size by product type, 2010-2021 • Growth rates of the overall market and different product segments, 2010-2021 • Shares of different product segments of the overall market, 2010, 2016, and 2021
Regional Analysis:
North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in sports equipment sector, shifting preference towards sports, fitness, and adventure activities, like aerobics, hiking, training, and trail running and existence of well-established sports infrastructure in the region. Asia-Pacific region is predicted to hold a major share in the sports goods market displaying a massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific market with rising enthusiasm for various sports events, increasing per capita income, growing penetration of e-commerce websites and significant investment by leading industry players considering potential growth opportunities in the region.
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