Sports Equipment Market Report, By Product (Ball Games, Ball Over Net Games, Fitness Equipment, Athletic Equipment), Distribution Channel (Online Retail, Sports Shop, Department & Discount Stores) and Geography- Global Market Share, Trend Analysis & Forecast

Sports are referred as an important platform for the overall growth of a child apart from the academics. The world has observed a surge in the interest shown by the youth and the old alike in various sports. There has been a pool of talent and people have seen them winning medals in sports which did not even exist in the developing countries a few years ago. Parents expect their children to move towards sports as sports and games have a tendency to bring out the best of the people. There are numerous games and each one of them defies the players in several ways. Thus, Sports assists in improving the health of a person in countless ways. Contributing in one or two activities supports in reducing blood pressure, improving muscle and joint functions amongst other things.

Market Dynamics- Global Sports Equipment Market

Growing concerns associated with general health and fitness is one of the major aspects driving the sports equipment market. Moreover, continuous developments in raw materials utilized for production of sports equipment are aiding to improve product performance, thus improving the adoption rate. For instance, with developments in sensor technologies, customers are progressively demanding equipment that can offer them with relevant insights into performance.

Sports Equipment Market Segmental Overview

The study analyses Global Sports Equipment market based on Product, Distribution Channel and Geography.

• Ball games, ball over net games, fitness equipment, athletic training equipment etc. Ball games are anticipated to dominate the product segment since a large percentage of the consumers are attracted towards these games and this segment contributed majorly to the sports equipment over the years. Moreover, the fitness equipment segment is anticipated to observe a steady growth during the estimated time frame.
• Online and offline are two major distribution channels for the sports equipment market. Online distribution channel segment is projected to grow at a faster rate owing to the rising use of electronic devices. Moreover, convenience is the biggest factor driving the online shopping industry thus influencing customers to purchase sports equipment online. 

Sports Equipment Market by Geography

Geographically, the market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America is anticipated to dominate the Sports Equipment market owing to rise in awareness of various health benefits offered by sports. Followed by it was, the market in Europe due the existence of glamorous football leagues such as English Premier League, Spanish LA Liga in this region. However, the growing population together with mounting interest for sports is estimated to drive the Asia-Pacific market at a rapid pace.

Notable Developments:

• May 2019: Flipkart’s new brand Adrenex decided to target sports and fitness enthusiasts by providing more than 200 sports and fitness equipment 
• April 2019: Goodwin launched two sister concern AM Enterprise and Goodwin Enterprises and succeeded to earn gross revenue of rupees 3 crores per year. 
• April 2019: DICK'S Sporting Goods, the largest U.S.-based, full-line omni-channel sporting goods retailer, announced the launch of DSG, its newest athletic gear and apparel line that offers athletes an expanded assortment of styles and sizes for women, men and youth.

Global Sports Equipment Market-Key Players

Adidias AG, Amer Sports, Callaway Golf Co., Sumitomo Rubber Industries Ltd., Nike, Inc., Puma SE, Mizuno Corporation, Sports Direct International PLC, Under Armour, Yonex Co., Ltd. among others are the major players active in the Sports Equipment market.