Market Size of Football Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Football Equipment Market Analysis
The football equipment market is projected to register a CAGR of 3.5% over the next five years.
- The prominence of sports activities, owing to the health and wellness trends, the increasing influence of social media, celebrity endorsement, and the rise in the number of international sports events, encourage consumers to enter into sports activities like football. This increasing number of sports enthusiasts is expected to boost the demand for the football equipment market worldwide.
- For instance, according to SFIA Foundation, in 2021, the United States wholesale sales of football equipment, including protective football gear, footballs, and other accessories, amounted to just over USD 621.9 million, attaining a measurable growth compared to the previous year, 2020, which accounted for about USD 537.7 million. Among these, in 2021, the wholesale sales of protective football gear amounted to just over USD 390 million, making it the largest of the three subcategories.
- Additionally, rising interest and participation rates in outdoor sports, like football, owing to the consumer's growing awareness about their health and obesity problems, are supporting the market's growth. Football is one of the perfect sports to burn calories, lose body fat, and improve body composition. Heavily weighted people are choosing it to lose weight. Moreover, factors like frequent sports tournaments and national and international football leagues are raising awareness and interest among people to start playing football, which is raising the demand for its equipment and protective accessories at a faster pace. For instance, in December 2022, beIN SPORTS announced record-breaking cumulative viewership of 5.4 billion for FIFA World Cup Qatar 2022. Such developments and the rise in the number of grassroots programs in schools, colleges, and clubs are some of the major factors driving the sales of football equipment globally.
