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Sports and Leisure Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Sports and Leisure Equipment Market is Segmented by Type (Ball Sports Equipment, Fitness Equipment Market, Adventure Sports Equipment, Golf Equipment, and Others), Distribution Channel (Supermarket/Hypermarkets, Specialty Stores, Online Retail Stores, and Others), and by Geography ( North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

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Market Snapshot

Sports and Leisure Equipment Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 4.5 %
Sports and Leisure Equipment Market Key Players

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Market Overview

The global sports and leisure equipment market is projected to register a CAGR of ~4.5% during the study period.

  • The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand of associated businesses, including sports and leisure equipment.
  • Furthermore, the prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media and celebrity endorsement is encouraging consumers to buy various types of sports equipment.
  • By distribution channel, although, online retailing has remained a considerably stable distribution channel for the sales of sports equipment in the past, it is expected to gain more prominence in the future due to the associated convenience. However, specialty stores hold the largest share in the present market scenario.

Scope of the Report

The global sports and leisure equipment market is segmented by type into ball sports equipment, fitness equipment market, adventure sports equipment, golf equipment, and other types. By distribution channel, the scope includes supermarkets/hypermarkets, specialty stores, online retail stores, and others. By geography, the scope includes North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

By Type
Ball Sports Equipment
Fitness Sports Equipment
Adventure Sports Equipment
Golf Equipment
Others
By Distribution Channel
Supermarkets/Hypermarkets
Speciality Stores
Online Retail Stores
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Increased Sports Participation Rate Owing to Favorable Government Initiatives

Globally, there has been a significant rise in the percentage of population adopting a healthy lifestyle and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various sports and leisure equipment, especially ball sports. Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market for the last few years. For instance, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over the next five years. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of sports equipment.

Sports and Leisure Equipment Market Key trends

Europe Holds Significant Share in the Market

Europe holds a significant amount of market share, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Countries such as the United Kingdom are notable for the diversity of their sporting interest. Rugby union, golf, football, and tennis are among the most popular sports of the general population in the region. Approximately 40.7% of male adults and roughly 31.7% of female adults participate in sports on a weekly basis. Apart from sports participation, the favorable weather condition (snowfall) is attracting tourists from different parts of the world who are indulging in winter sports. This creates a great opportunity for manufacturers involved in the business of marketing equipment and sports garments, such as ski and snowboarding, to drive the market growth in the region.

Sports and Leisure Equipment Market Growth by Region

Competitive Landscape

The market studied is highly fragmented and consists of regional and international competitors. It is dominated by players, like Adidas AG, Amer Sports, PUMA SE, and Under Armour. These companies are focusing on digital and social media advertisements to make consumers aware about the new product launches in the market. Furthermore, key players are embarking on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.

Amer Sports, Nike Inc., Adidas AG, Puma SE, Groupe Rossignol, Under Armour, Acushnet Holdings, New Balance, ASICSC Corporation

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Ball Sports Equipment

      2. 5.1.2 Fitness Sports Equipment

      3. 5.1.3 Adventure Sports Equipment

      4. 5.1.4 Golf Equipment

      5. 5.1.5 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Speciality Stores

      3. 5.2.3 Online Retail Stores

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Amer Sports

      2. 6.4.2 Nike Inc.

      3. 6.4.3 Adidas AG

      4. 6.4.4 Puma SE

      5. 6.4.5 Groupe Rossignol

      6. 6.4.6 Under Armour

      7. 6.4.7 Acushnet Holdings

      8. 6.4.8 New Balance

      9. 6.4.9 ASICSC Corporation

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Sports and Leisure Equipment Market market is studied from 2016 - 2026.

The Sports and Leisure Equipment Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Adidas AG, Amer Sports , PUMA SE, Under Armour, Inc, New Balance are the major companies operating in Sports and Leisure Equipment Market.

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