The sports and leisure equipment market experienced significant growth in 2021 and is projected to continue growing at a rapid pace in the coming years. This growth can be attributed to various factors, such as the increasing number of individuals who are overweight, the rising incidence of chronic diseases associated with a sedentary lifestyle, and the growing importance of physical fitness among people, particularly among the younger generation.
Sports and leisure activities are vital for promoting a healthy lifestyle and physical fitness among individuals. The market for sports and leisure equipment includes various items such as apparel, tools, materials, balls, nets, and protective gear like helmets and guards. The use of such equipment has become increasingly popular due to the rising awareness of the importance of fitness and the desire to improve both performance and appearance while engaging in sports activities. In addition, adults engage in sports and leisure activities for other benefits such as socialization and self-image enhancement.
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Top Companies Operating in the Global Sports and Leisure Equipment Market Report:
- Adidas AG
- Under Armour.
- New Balance
- Amer Sports
- Billabong International Colombia Sport
- PUMA SE
- Daiwa Seiko
- Quicksilver
- Cabela’s Inc.
- Yonex Co. Limited.
- Callaway Golf Co.
- Dunlop Sports Group Americas Inc.
- Kingswood Leisure Services
- Sports Direct International PLC
- Premier Ports Services
- Ningbo Supermax Sports Leisure Equipment Co. Ltd.
- The Forzani Group Limited
Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Golf Equipment
- Fitness Sports Equipment
- Adventure Sports Equipment
- Ball Sports Equipment
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online Retail Stores
- Specialty Stores
- Supermarkets/Hypermarkets
Key Takeaways of the Global Sports and Leisure Equipment Market Report:
- A comprehensive overview of the global Sports and Leisure Equipment industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Sports and Leisure Equipment market.
- Elaborate study of the leading regional markets in the global Sports and Leisure Equipment market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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