Sporting Goods Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research recently released an in-depth report on the Global Sporting Goods Market, offering a detailed analysis of the market's structure, including key drivers, trends, opportunities, and challenges. This comprehensive study presents exclusive insights and statistics that project the growth path of the global sporting goods market from 2024 to 2031.

Key Insights:

Global Sporting Goods Market Size (2024E): US$786.47 Mn
Projected Market Value (2031F): US$1428.45 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 8.9%

Sporting Goods Market - Report Scope:

The sporting goods market is poised for substantial growth as fitness consciousness rises and active lifestyles become more prevalent worldwide. From athletic footwear to performance apparel and equipment for various sports, the market caters to both professional athletes and recreational consumers. This report delves into the factors driving the market's expansion, such as the surge in health and wellness trends, growing participation in sports and fitness activities, and increasing consumer spending on quality sporting equipment. Additionally, advancements in materials and product innovation are shaping the industry to meet consumer demands for durability, comfort, and enhanced performance.

Market Growth Drivers:

The global sporting goods market is primarily driven by rising health awareness, a surge in fitness club memberships, and government initiatives promoting physical activity. Consumer preference for high-quality sports equipment, along with an increase in sports participation, is expected to bolster market growth. Furthermore, the expansion of e-commerce and the growth of online retail channels make sporting goods more accessible to a broader audience. Technological advancements, such as wearables and smart sports equipment, are also influencing consumer preferences and broadening the scope of the market.

Market Restraints:

While the sporting goods market is set for growth, it faces challenges such as pricing pressures, especially from low-cost alternatives. High-quality products require investment in advanced materials, which can result in higher costs, limiting affordability for some consumer segments. Moreover, fluctuations in raw material prices and increasing regulatory standards for sustainable manufacturing add to operational costs. Counterfeit products and unauthorized brand replicas also hinder brand value and market share for major players, posing a challenge to the market's growth.

Market Opportunities:

With the growing trend toward sustainable living, consumers increasingly prefer eco-friendly sporting goods, creating opportunities for manufacturers to expand into environmentally friendly products. The popularity of smart sports equipment, including wearables that monitor performance, presents significant opportunities for tech-driven companies to enter the market. Additionally, increased interest in fitness during and after the pandemic has led to a demand for home-based sports equipment, opening new avenues for companies focusing on home fitness solutions.

Key Questions Answered in the Report:

What factors are primarily driving the growth of the global sporting goods market?
Which product categories and sports activities are seeing the highest adoption rates?
How is technology shaping product innovation and enhancing the appeal of sporting goods?
Who are the major players in the sporting goods market, and what strategies are they employing to maintain competitiveness?
What emerging trends and opportunities are reshaping the future of the sporting goods market?

Competitive Intelligence and Business Strategy:

Leading players in the sporting goods market, including Nike, Adidas, and Decathlon, focus on innovation, sustainability, and e-commerce expansion to stay competitive. Key companies invest in R&D to create durable, high-performance products that meet the latest consumer preferences, including eco-friendly options. Strategic partnerships with fitness influencers, athletes, and major sports events help these brands strengthen market positioning and enhance brand loyalty. Additionally, companies are exploring digital transformation initiatives, such as direct-to-consumer sales and augmented reality for product trials, to better engage consumers and boost their online presence.

Key Companies Profiled:

Adidas AG
Nike, Inc.
Under Armour, Inc.
PUMA SE
AMER Sports
Admiral Sportswear Limited
Diadora S.p.A.
Ellesse
ODLO International AG
Hummel International Sport & Leisure A/S
Fila Holdings Corp.
Schaper Sportgeratebau GmbH
Jako AG
Hammer Sports
Polar Electro
Joma
Legea Company
KETTLER
WaterRower
Reusch International SpA - AG

Market Segmentation

By Product Type

Apparel
Equipment
Shoes

By Sales Channel

Distributors
Supermarkets
Specialty Stores
Online Stores
Independent Stores

By End User

Beginner
Intermediate
Professional

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP33537

1. Executive Summary

1.1. Global Sporting Goods Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Macro-Economic Factors
- 2.4.1. Global Sectorial Outlook
- 2.4.2. Global GDP Growth Outlook
2.5. Global Parent Market Overview
2.6. Sporting Goods Market: Value Chain
- 2.6.1. List of Raw Sales Channel Supplier
- 2.6.2. List of Manufacturers
- 2.6.3. List of Distributors
- 2.6.4. List of End Users
- 2.6.5. Profitability Analysis
2.7. Forecast Factors - Relevance and Impact
2.8. Covid-19 Impact Assessment
2.9. PESTLE Analysis
2.10. Porter Five Force's Analysis
2.11. Geopolitical Tensions: Market Impact
2.12. Regulatory and Sales Channel Landscape

3. Production Output and Trade Statistics, 2019-2023

3.1. Production by Region
3.2. Import-Export Analysis
3.3. Net Trade Flow

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Nature/Sales Channel/End User
4.4. Regional Prices and Product Preferences

5. Global Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Volume (Unit) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2023
- 5.2.2. Current Market Size Forecast, 2024-2031
5.3. Global Sporting Goods Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Nature, 2019-2023
- 5.3.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
  - 5.3.3.1. Apparel
  - 5.3.3.2. Equipment
  - 5.3.3.3. Shoes
5.4. Market Attractiveness Analysis: Nature
5.5. Global Sporting Goods Market Outlook: Sales Channel
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Sales Channel, 2019-2023
- 5.5.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
  - 5.5.3.1. Distributors
  - 5.5.3.2. Supermarkets
  - 5.5.3.3. Specialty Stores
  - 5.5.3.4. Online Stores
  - 5.5.3.5. Independent Stores
5.6. Market Attractiveness Analysis: Sales Channel
5.7. Global Sporting Goods Market Outlook: End User
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By End User , 2019-2023
- 5.7.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
  - 5.7.3.1. Beginner
  - 5.7.3.2. Intermediate
  - 5.7.3.3. Professional
5.8. Market Attractiveness Analysis: End User

6. Global Sporting Goods Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Region, 2019-2023
6.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Nature
- 7.3.3. By Sales Channel
- 7.3.4. By End User
7.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 7.5.1. Apparel
- 7.5.2. Equipment
- 7.5.3. Shoes
7.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 7.6.1. Distributors
- 7.6.2. Supermarkets
- 7.6.3. Specialty Stores
- 7.6.4. Online Stores
- 7.6.5. Independent Stores
7.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 7.7.1. Beginner
- 7.7.2. Intermediate
- 7.7.3. Professional
7.8. Market Attractiveness Analysis

8. Europe Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Nature
- 8.3.3. By Sales Channel
8.4. By End User Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. Italy
- 8.4.3. France
- 8.4.4. U.K.
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
8.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 8.5.1. Apparel
- 8.5.2. Equipment
- 8.5.3. Shoes
8.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 8.6.1. Distributors
- 8.6.2. Supermarkets
- 8.6.3. Specialty Stores
- 8.6.4. Online Stores
- 8.6.5. Independent Stores
8.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 8.7.1. Beginner
- 8.7.2. Intermediate
- 8.7.3. Professional
8.8. Market Attractiveness Analysis

9. East Asia Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Nature
- 9.3.3. By Sales Channel
- 9.3.4. By End User
9.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 9.5.1. Apparel
- 9.5.2. Equipment
- 9.5.3. Shoes
9.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 9.6.1. Distributors
- 9.6.2. Supermarkets
- 9.6.3. Specialty Stores
- 9.6.4. Online Stores
- 9.6.5. Independent Stores
9.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 9.7.1. Beginner
- 9.7.2. Intermediate
- 9.7.3. Professional
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Nature
- 10.3.3. By Sales Channel
- 10.3.4. By End User
10.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 10.5.1. Apparel
- 10.5.2. Equipment
- 10.5.3. Shoes
10.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 10.6.1. Distributors
- 10.6.2. Supermarkets
- 10.6.3. Specialty Stores
- 10.6.4. Online Stores
- 10.6.5. Independent Stores
10.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 10.7.1. Beginner
- 10.7.2. Intermediate
- 10.7.3. Professional
10.8. Market Attractiveness Analysis

11. Latin America Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Nature
- 11.3.3. By Sales Channel
- 11.3.4. By End User
11.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 11.5.1. Apparel
- 11.5.2. Equipment
- 11.5.3. Shoes
11.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 11.6.1. Distributors
- 11.6.2. Supermarkets
- 11.6.3. Specialty Stores
- 11.6.4. Online Stores
- 11.6.5. Independent Stores
11.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 11.7.1. Beginner
- 11.7.2. Intermediate
- 11.7.3. Professional
11.8. Market Attractiveness Analysis

12. Middle East & Africa Sporting Goods Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Nature
- 12.3.3. By Sales Channel
- 12.3.4. By End User
12.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2024-2031
- 12.4.1. GCC
- 12.4.2. South Africa
- 12.4.3. Northern Africa
- 12.4.4. Rest of Middle East & Africa
12.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Nature, 2024-2031
- 12.5.1. Apparel
- 12.5.2. Equipment
- 12.5.3. Shoes
12.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Sales Channel, 2024-2031
- 12.6.1. Distributors
- 12.6.2. Supermarkets
- 12.6.3. Specialty Stores
- 12.6.4. Online Stores
- 12.6.5. Independent Stores
12.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End User , 2024-2031
- 12.7.1. Beginner
- 12.7.2. Intermediate
- 12.7.3. Professional
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Adidas AG
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Nike, Inc.
- 13.3.3. Under Armour, Inc.
- 13.3.4. PUMA SE
- 13.3.5. AMER Sports
- 13.3.6. Admiral Sportswear Limited
- 13.3.7. Diadora S.p.A.
- 13.3.8. Ellesse
- 13.3.9. ODLO International AG
- 13.3.10. Hummel International Sport & Leisure A/S
- 13.3.11. Fila Holdings Corp.
- 13.3.12. Schaper Sportgeratebau GmbH
- 13.3.13. Jako AG
- 13.3.14. Hammer Sports
- 13.3.15. Polar Electro
- 13.3.16. Joma
- 13.3.17. Legea Company
- 13.3.18. KETTLER
- 13.3.19. WaterRower
- 13.3.20. Reusch International SpA - AG.

Note: List of companies is not exhaustive in nature. It is subject to further augmentation during course of research

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations