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Sports and Leisure Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 4617284
  • Report
  • April 2022
  • Region: Global
  • 126 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Acushnet Holdings
  • Adidas AG
  • Amer Sports
  • ASICSC Corporation
  • Callaway Golf
  • Groupe Rossignol

The global sports and leisure equipment market is projected to register a CAGR of 4.5% during the forecast period (2022-2027).



During its early days, the COVID-19 had an impact on the sports and leisure business. Many preorders were cancelled as a result of the worldwide deployment of lockdown, which resulted in the cancellation of events and the closure of sports academies. Around the world, many gyms and fitness studios are closed due to the spread of COVID-19. But fitness enthusiasts are not letting their fitness goals fall by the wayside because they’re stuck in the house. Number of people are motivated to develop a home fitness routine that can extend beyond social distancing mandates. It has taken a pandemic to show the world that in-home workouts are the future of fitness. Gradually, with busy lifestyles cutting into the time available for workouts, specialized gyms and fitness studios gained popularity. For example, in the fiscal year 2020, Pumas sales fell by 4.9% as per the company annual report.



The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand of associated businesses, including sports and leisure equipment. Furthermore, the prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media and celebrity endorsement is encouraging consumers to buy various types of sports equipment.



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.



Key Market Trends


Increased Sports Participation Rate Owing to Favorable Government Initiatives


Globally, there has been a significant rise in the percentage of population adopting a healthy lifestyle and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various sports and leisure equipment, especially ball sports. Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market for the last few years. For instance, In 2020, the Government of Australia is planning to invest USD 50.6 million on athletes for over next two years i.e 2021 & 2022. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of sports equipment.



Europe Holds Significant Share in the Market


Europe holds a significant amount of market share, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Countries such as the United Kingdom are notable for the diversity of their sporting interest. Rugby union, golf, football, and tennis are among the most popular sports of the general population in the region. In 2021, David Lange presented data on statista saying that in England, nearly 40.7 % of male adults and roughly 31.7 % of female people participate in sports on a weekly basis. Apart from sports participation, the favorable weather condition (snowfall) is attracting tourists from different parts of the world who are indulging in winter sports. This creates a great opportunity for manufacturers involved in the business of marketing equipment and sports garments, such as ski and snowboarding, to drive the market growth in the region.



Competitive Landscape


The market studied is highly competative and consists of regional and international competitors. It is dominated by players, like Adidas AG, Amer Sports, PUMA SE, and Under Armour. Other competitiors in market are Billabong International Colombia Sport, Daiwa Seiko, New Balance, Quicksilver. These companies are focusing on digital and social media advertisements to make consumers aware about the new product launches in the market. Furthermore, key players are embarking on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.



Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acushnet Holdings
  • Adidas AG
  • Amer Sports
  • ASICSC Corporation
  • Callaway Golf
  • Groupe Rossignol

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Ball Sports Equipment
5.1.2 Fitness Sports Equipment
5.1.3 Adventure Sports Equipment
5.1.4 Golf Equipment
5.1.5 Others
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Speciality Stores
5.2.3 Online Retail Stores
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Amer Sports
6.4.2 Nike Inc.
6.4.3 Adidas AG
6.4.4 Puma SE
6.4.5 Groupe Rossignol
6.4.6 Under Armour
6.4.7 Acushnet Holdings
6.4.8 New Balance
6.4.9 ASICSC Corporation
6.4.10 Callaway Golf
7 MARKET OPPORTUNITIES AND FUTURE TRENDS8 IMPACT OF COVID-19 ON THE MARKET
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Amer Sports
  • Nike Inc.
  • Adidas AG
  • Puma SE
  • Groupe Rossignol
  • Under Armour
  • Acushnet Holdings
  • New Balance
  • ASICSC Corporation
  • Callaway Golf
Note: Product cover images may vary from those shown

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