PUBLISHER: Market Research Future | PRODUCT CODE: 1656056
PUBLISHER: Market Research Future | PRODUCT CODE: 1656056
Report on US and Mexico Sporting Goods Market Research by Sports Type (football, tennis, hockey, golf, running, diamond sports, volleyball, racquet sports, rugby, cricket, and others), by Gender (Male, Female, and Unisex), by Price Range (Economy/Mass and Premium), by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and Others), by Sports Equipment (Gloves, Helmets and Pads, Rackets, Bats, Drivers/Woods, Irons, Balls, Kneepads, Arm Sleeves, and Others) Forecast to 2032
The sporting goods market in the United States and Mexico was estimated to be worth USD 107.13 billion in 2023. It is projected to increase at a compound annual growth rate (CAGR) of 6.28% over the course of the forecast period, reaching USD 184.52 billion in 2032.
Due to a combination of steady investments from various businesses and investors as well as growing consumer participation in sports and outdoor leisure activities, which have elevated their significance for fitness and health, the sporting goods sector in the US has experienced growth in recent years. The industry produces a wide range of goods, such as sporting accessories utilized at these specific events, professionally designed clothing for all games, and equipment used in sports. Better health outcomes increased physical activity, and innovative approaches to product development are all indicators of this segment's upward trajectory. People's health and well-being are given more attention in the driver's sportswear marketplace. As more individuals become aware of the health benefits of physical activity, they are spending more money on sports-related products. Running, football, volleyball, cricket, cycling, and gym workouts are also becoming more and more popular, which raises demand for high-quality gear and clothing with technologically advanced features. Athletes are also increasingly employing smart equipment and fitness tracking technologies to keep an eye on their performance levels and maintain their health. Additionally, a boom in home-based exercise solutions brought on by the COVID-19 pandemic has boosted growth in the athletic goods sector. Sales of resistance bands, yoga mats, and home gym equipment increased as a result of people turning to at-home workouts when gyms and recreational centers were temporarily shuttered. Even after public areas reopen, customers are still prioritizing at-home workout options, demonstrating the long-lasting effects of this change.
Segmenting the Market
The sporting goods market in the United States and Mexico is further divided into three segments based on the type of product: sports footwear, sports apparel, and sports equipment. Tops, bottoms, accessories, and other categories make up the sports apparel market. Shoes, stockings, and other items make up the sports footwear market. Running, diamond sports, volleyball, racquet sports, and other categories make up the shoe subsegment. Gloves, helmets and pads, rackets, bats, drivers/woods, irons, balls, kneepads, arm sleeves, and other items are all included in the sports equipment category.
Football, tennis, hockey, golf, running, diamond sports, volleyball, racquet sports, rugby, cricket, and other sports are the different sports into which the market is divided. Softball and baseball make up the diamond sports subsegment. The athletic goods market segment in the United States and Mexico is separated into three genders: male, female, and unisex.
The market is divided into premium and economy/mass categories based on price range. The market is divided into supermarkets and hypermarkets, convenience stores, specialty shops, internet retailers, and others based on the distribution channel.
Adidas AG, Nike, Inc., Under Armour, Inc., PUMA SE, and others are the leading companies in the athletic goods sector in the United States and Mexico.