Latest News- Sports Equipment Market: Ball games is expected to lead the Product segment during 2025-2029

The Sports Equipment Market is being driven by Increasing awareness of health and fitness

The Sports Equipment Market is expected to grow at a CAGR of 7.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 80.9 billion. The sports equipment market is witnessing a surge in demand for customized and personally branded gear. Athletes and fitness enthusiasts are seeking equipment that caters to their unique performance needs and personal preferences. Customization enables users to tailor products according to their specifications, while personalization adds a distinct touch through the inclusion of names, colors, or logos. Notable brands like Nike (Nike By You) and Adidas (miadidas) offer customizable footwear, allowing customers to select colors, materials, and even add personal initials. Similarly, Under Armour provides customized compression gear and jerseys for both professional and amateur athletes. This trend towards personalized sports equipment reflects the growing importance of individuality and performance enhancement in the athletic community. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Ball games
  • Fitness/strength equipment
  • Ball over net game
  • Athletics training equipment
  • Others
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing awareness of health and fitness
• Increasing sports participation
• Rising disposable income

However, the market also witnesses some limitations, which are as follows:

• Growing prevalence of counterfeit and low-quality products
• Supply chain disruptions
• Regulatory compliance and safety standards

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Market Scope in Sports Equipment Market Research Report

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Research Analysis Overview

The sports equipment market is witnessing significant innovation with the integration of performance-enhancing technology, biometric monitoring, and smart training devices. Personalized fitness programs and sports apparel customization are becoming increasingly popular. Sustainability is a key trend in sports apparel, with digital fitness platforms and online communities driving engagement. Sports data analysis and athlete performance tracking are essential for injury risk assessment and recovery. Sports nutrition supplements and training programs are crucial for optimizing performance. Youth sports development, facility management, and equipment maintenance are important areas of focus. Sustainability, e-commerce, mobile apps, sports streaming services, influencer marketing, event ticketing, fan engagement, brand loyalty, industry partnerships, investment, regulations, safety standards, and equipment safety are key trends shaping the industry.

Market Research Overview

The global leisure products market, encompassing sectors such as athletic apparel, fitness equipment, performance apparel, sports footwear, team sports, individual sports, outdoor sports, and indoor sports, is a significant segment of the larger household durables market. According to Technavio's market analysis, the global household durables market size is determined by the collective revenue generated by manufacturers of various household durables categories, including leisure products. Factors driving the expansion of this market include the surge in health and fitness club memberships, which have seen consistent growth over the past decade, and the subsequent increase in the number of health and fitness clubs due to the industry's promising prospects.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/