Market Size of Sports and Leisure Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sports & Leisure Equipment Market Analysis
- The sports and leisure equipment market is projected to register a CAGR of 4.5% over the next five years.
- The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide. It is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand for associated businesses, including sports and leisure equipment.
- The prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media, and celebrity endorsement, encourage consumers to buy various sports equipment. For instance, according to Sport England, as of May 2021, approximately 61.5% of people in London participated in sporting activities with at least moderate intensity for more than 150 minutes a week.
- Additionally, several people are motivated to develop a home fitness routine coupled with an increasing preference for customized workout regimes (including workout timing) and a comfortable home-friendly environment, increasing the demand for sports and leisure equipment.
- Furthermore, owing to the increased working population worldwide, people increasingly participate in different sports activities to maintain their health and stay fit.
- For instance, according to NITI Aayog, over 522 million people were estimated to be employed across India in 2022, an increase from the previous financial year in which 516.6 million people were employed. By distribution channel although online retailing has remained a considerably stable distribution channel for the sales of sports equipment in the past, it is expected to gain more prominence in the future due to the associated convenience.
- However, specialty stores hold the largest share in the present market scenario. Moreover, increasing online retailing, widely spreading distribution channels, and easy availability of such required equipment and necessary courses are expected to boost the market's growth during the forecast period.
Sports & Leisure Equipment Industry Segmentation
Sporting and leisure equipment are the tools, materials, apparel, and gear used to compete and vary depending on the sport.
The global sports and leisure equipment market is segmented based on type, distribution channel, and geography. By type, the market is segmented as ball sports equipment, fitness equipment market, adventure sports equipment, golf equipment, and other types. By the distribution channel includes supermarkets/hypermarkets, specialty stores, online retail stores, and other distribution channels. By geography, the scope includes North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.
The market sizing and forecasts have been done for each segment based on value (in USD million).
| Type | |
| Ball Sports Equipment | |
| Fitness Sports Equipment | |
| Adventure Sports Equipment | |
| Golf Equipment | |
| Other Types |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Speciality Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Sports and Leisure Equipment Market Size Summary
The sports and leisure equipment market is experiencing a robust growth trajectory, driven by a surge in global interest in sports and fitness activities. This enthusiasm is fueled by the increasing participation in both national and international tournaments, which has led to a rise in the number of athletes and, consequently, a heightened demand for sports and leisure equipment. The trend towards health and wellness, amplified by social media influence and celebrity endorsements, is encouraging consumers to invest in various sports equipment. Additionally, the growing preference for home fitness routines and customized workout regimes is further propelling the market. The expansion of online retailing, alongside traditional specialty stores, is making sports equipment more accessible, thereby supporting market growth.
Globally, there is a significant shift towards adopting healthier lifestyles, with more consumers engaging in sports activities. This trend is supported by government initiatives aimed at boosting sports participation, which have been instrumental in driving market expansion. Regions like Europe, with its diverse sporting interests and favorable conditions for winter sports, hold a substantial market share. Key players in the industry, such as Adidas AG, Amer Sports, and PUMA SE, are continuously innovating and expanding their product offerings to maintain a competitive edge. These companies are leveraging digital marketing and online distribution channels to reach a broader audience, particularly in emerging markets like Asia-Pacific. The introduction of advanced sports equipment, such as ASICS' GEL-KAYANO 29 running shoe, exemplifies the industry's focus on innovation, which is expected to further enhance market growth.
Sports and Leisure Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Ball Sports Equipment
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2.1.2 Fitness Sports Equipment
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2.1.3 Adventure Sports Equipment
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2.1.4 Golf Equipment
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2.1.5 Other Types
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Speciality Stores
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2.2.3 Online Retail Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle-East and Africa
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Sports and Leisure Equipment Market Size FAQs
What is the current Sports and Leisure Equipment Market size?
The Sports and Leisure Equipment Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Sports and Leisure Equipment Market?
Adidas AG, Amer Sports , PUMA SE, Under Armour, Inc and New Balance are the major companies operating in the Sports and Leisure Equipment Market.
