Smart Sports Equipment Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Smart Sports Equipment Market will show over 8% CAGR from 2024 to 2032, augmented by advances in technology that are enhancing performance and appeal. Consumers are seeking personalized fitness experiences and improved performance tracking, which smart sports equipment offers through detailed metrics and feedback. Citing an instance, in July 2024, triQUIP Sports launched FIFA-certified Playermaker technology for Indian football teams. This advanced system delivers detailed performance analytics to boost player training and development, enhancing football standards and providing teams with a competitive edge through data-driven insights.

Additionally, the growing awareness of health and wellness is fueling demand, as more individuals and athletes aim to optimize their training regimens and achieve better results. This combination of technological innovation and rising health consciousness is significantly propelling the expansion of the smart sports equipment market.

The smart sports equipment industry is segmented based on product, end-user, distribution channel, and region.

The smart golf sticks segment will register a noteworthy growth through 2032, attributed to the growing emphasis on precision and performance optimization in sports. As golfers seek more effective ways to improve their game, smart golf sticks offer advanced features such as real-time swing analysis, performance tracking, and personalized feedback. These capabilities help players refine their technique and gain a competitive edge, aligning with the broader trend of integrating technology into sports training. Furthermore, the increasing popularity of data-driven sports analytics among both amateur and professional golfers contributes to the rising interest in smart golf sticks.

The men segment will grab a considerable smart sports equipment market share by 2032, due to their strong engagement with technology-driven fitness solutions and sports performance tools. Men are adopting smart sports equipment as part of their training regimens, driven by a desire for enhanced performance and competitive advantage. This demographic's interest in advanced analytics and personalized training solutions creates a robust demand for smart sports products, spurring innovation. Additionally, the growing trend of incorporating technology into sports activities and fitness routines among men supports the growth trajectory.

Europe smart sports equipment market will exhibit a significant expansion between 2024 and 2032, driven by the strong emphasis on technological innovation and increasing consumer interest in health and fitness. European countries are investing heavily in sports technology R and D to enhance the functionality and appeal of smart sports products. Additionally, a growing culture of fitness and wellness among European consumers, combined with the rising popularity of sports analytics and performance tracking, fuels demand. Supportive infrastructure, such as sports clubs and fitness centers incorporating smart technology, further propels market growth across Europe.

Product Code: 10518

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing consumer demand for fitness and health monitoring
  - 3.8.1.2 Technological advancements in wearable devices
  - 3.8.1.3 Rising popularity of smart sportswear and accessories
  - 3.8.1.4 Increasing investment in sports technology by professional athletes and teams
  - 3.8.1.5 Growing integration of artificial intelligence and machine learning
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High cost of smart sports equipment
  - 3.8.2.2 Data privacy and security concerns
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Smart balls
5.3 Smart golf sticks
5.4 Smart hockey sticks
5.5 Smart rackets and bats
5.6 Others

Chapter 6 Market Estimates and Forecast, By End-User, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Men
6.3 Women

Chapter 7 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Franchise stores
7.3 Specialty stores
7.4 Online

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 InfoMotion Sports Technologies
9.2 Golfsmith International Holdings, Inc.
9.3 DribbleUp, Inc.
9.4 Adidas AG
9.5 Wilson Sporting Goods
9.6 BABOLAT VS S.A.
9.7 HockeyShot Inc.
9.8 Riddell
9.9 Zepp Labs, Inc.
9.10 Gridiron Technologies
9.11 Fitbit, Inc.
9.12 Garmin Ltd.
9.13 Apple Inc.
9.14 Samsung Electronics Co., Ltd.
9.15 Polar Electro
9.16 Under Armour, Inc.
9.17 Nike, Inc.
9.18 Suunto
9.19 Catapult Sports
9.20 Zepp Health Corporation
9.21 Shot Scope Technologies
9.22 Hexoskin
9.23 Sensoria Inc.
9.24 Ride Concepts
9.25 STRYD