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Global Sports Equipment Market 2023-2027

Global Sports Equipment Market 2023-2027

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Global Sports Equipment Market 2023-2027
The sports equipment market is forecasted to grow by USD 60.3 bn during 2022-2027, accelerating at a CAGR of 6.43% during the forecast period. The report on the sports equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising health and fitness awareness among individuals, the rising popularity of sports among women, and increasing participation in sports activities.

Technavio's sports equipment market is segmented as below:

By ProductBall gamesFitness/strength equipmentBall over net gameAthletics training equipmentOthersBy Distribution ChannelOfflineOnlineBy GeographyAPACEuropeNorth AmericaSouth AmericaMiddle East and AfricaThis study identifies the rising demand for neurostimulation as one of the prime reasons driving the sports equipment market growth during the next few years. Also, technological advancements in sports equipment and rising demand for wearable device and fitness trackers will lead to sizable demand in the market.

The report on the sports equipment market covers the following areas:Sports equipment market sizingSports equipment market forecastSports equipment market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sports equipment market vendors that include Adidas AG, ANTA Sports Products Ltd., ASICS Corp., Clarus Corp., Cosco India Ltd., DICKS Sporting Goods Inc., Freewill Sports Pvt. Ltd., JD Sports Fashion Plc, Mizuno USA Inc., New Balance Athletics Inc., Nike Inc., PUMA SE, Reebok International Ltd., Sanspareils Greenlands Pvt Ltd., Sareen Sports Industries, Skechers USA Inc., SKIS ROSSIGNOL SAS, Under Armour Inc., Yonex Co. Ltd., and Topgolf Callaway Brands Corp. Also, the sports equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

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