PUBLISHER: The Business Research Company | PRODUCT CODE: 1615053
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615053
Sports training involves a systematic and organized method for enhancing an athlete's performance in a particular sport. This training includes a variety of activities and techniques aimed at improving both physical and mental capabilities, along with technical and tactical skills. The goal is to optimize an athlete's performance through a structured regimen that consists of drills, exercises, and constructive feedback.
Key sports that benefit from sports training include soccer, cricket, baseball, volleyball, tennis, badminton, and more. Soccer training focuses on enhancing players' skills and overall performance through drills, fitness routines, and strategic insights. It is available through multiple platforms, both online and offline, catering to various groups, including men, women, and children.
The sports training market research report is one of a series of new reports from The Business Research Company that provides sports training market statistics, including sports training industry global market size, regional shares, competitors with a sports training market share, detailed sports training market segments, market trends and opportunities, and any further data you may need to thrive in the sports training industry. This sports training market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The sports training market size has grown strongly in recent years. It will grow from $18.1 billion in 2023 to $19.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The increase observed during the historical period can be linked to the evolution of modern sports methodologies, the launch of sophisticated training tools, enhanced media coverage of sporting events, greater investments in athlete development, and progress in sports nutrition.
The sports training market size is expected to see strong growth in the next few years. It will grow to $26.59 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The anticipated growth in the forecast period is driven by technological advancements, heightened awareness of health and fitness, a surge in sports participation, innovations in training tools, and a growing demand for customized coaching. Key trends expected in this period include the emergence of artificial intelligence-based coaching resources, greater application of virtual reality for training simulations, expansion of personalized fitness programs, growth in wearable technology, and an emphasis on mental conditioning and comprehensive athlete wellness.
The increasing rates of sports participation are anticipated to drive the growth of the sports training market in the future. Sports participation rates refer to the percentage of individuals in a given population who engage in sports or physical activities. This participation is encouraged through various strategies, including community engagement, promotion of youth sports programs, and initiatives in schools and colleges. Sports training is essential for athletes to enhance specific skills related to their sport while also improving overall physical fitness-such as strength, endurance, flexibility, and agility-thereby helping them meet the physical demands of their activities and reducing injury risks. For example, in December 2023, the Sports & Fitness Industry Association (SFIA), a U.S.-based trade organization representing brands and suppliers in the sports and fitness industry, reported that in 2022, the number of participants in team sports in the U.S. grew to 70.8 million, up from 67 million in 2020. Thus, the rise in sports participation rates is propelling the growth of the sports training market.
Key companies in the sports training market are focusing on advanced human pose estimation technology to improve athlete performance analysis and enhance training accuracy. This technology employs computer vision and artificial intelligence (AI) to monitor and analyze athletes' movements, providing real-time feedback on posture and technique. For instance, in December 2023, BeONE Sports, a U.S.-based sports tech start-up, collaborated with MobiDev, a U.S.-based software engineering firm, to launch an AI-driven comparative training platform. This platform adopts a data-centric approach to training, enabling athletes to gain insights into their performance metrics and modify their routines accordingly. Through the BeONE Sports mobile app, athletes receive immediate feedback on their form, with the AI engine comparing their movements to those of elite athletes. This personalized analysis offers tailored recommendations for improvement and removes many financial barriers to high-level training, making elite coaching more accessible while emphasizing proper technique to enhance performance and minimize injury risks.
In August 2024, X3 Sports, a U.S.-based group fitness gym, acquired Keppner Boxing & Fitness for an undisclosed amount. This acquisition aims to bolster X3 Sports' presence in the fitness and martial arts sectors, establishing it as the largest martial arts center in the area and expanding its offerings of group fitness classes for all skill levels. Keppner Boxing & Fitness is a U.S.-based gym that provides a range of training classes for both beginners and professionals.
Major companies operating in the sports training market are Tata Steel, i9 Sports Corporation, Palms Sports LLC, Kitman Labs Inc, USOPC, Ignite Sport UK Ltd, Sports Academy, Athletic Lab, CMT Learning Ltd, Dynamic Sports Training, Edstart Sports Coaching, Sport Structures Limited, The Coach Crew, TOCA Football Inc, Spolto, Beijing Ice Sports Training Centre, EL1, Elle Football Academy, ESM Internationale, Nanjing Inner Sports Technology Co Ltd
North America was the largest region in the sports training market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sports training market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sports training market includes revenues earned by entities by providing services such as performance analysis, skill development, injury prevention and rehabilitation, and personalized training programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sports Training Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sports training market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sports training ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sports training market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.