A United States Sports Equipment and Apparel Market, By Product (Equipment
Description
United States Sports Equipment and Apparel Market, By Product (Equipment, Apparel); By Sports Type (Bike, Outdoor, Tennis, Running, Fitness Equipment, Football Soccer, Winter Sports, Watersports, Others); By Distribution Channel (Online, Offline), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
United States Sports Equipment and Apparel Market to expand at a CAGR of 8.3% During 2023–2029
United States sports equipment and apparel market flourishing due to increasing focus on leading active lifestyles and appearing fit and growing female participation in professional and domestic sports and fitness activities.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States sports equipment and apparel market size at USD 117.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects United States sports equipment and apparel market size to grow at a CAGR of 8.3% reaching a value of USD 203.72 billion by 2029. People's increasing involvement in sports and leisure activities is one of the main factors fueling the expansion of the United States for sports equipment and apparel market. Growing stress management, rising health awareness, sedentary lifestyles, and the younger generation's openness to rapidly evolving trends are some of the elements that have an impact on market growth. The availability of sports apparel with improved features like moisture management, temperature control, and other performance-boosting qualities that prevent discomfort and potential injury has piqued consumers' interest, and it has been observed that these consumers are willing to pay a premium for these products. During the forecast period, the sports equipment market is expected to experience profitable growth opportunities due to rising disposable income, rising living standards, and rapid urbanization across numerous regions.
United States Sports Equipment and Apparel Market – Overview
Sports equipment or sporting goods, which include sports clothing, tools, gear, and materials, are frequently used to compete in sports or keep in shape. It is also employed to protect a person from harm while they engage in sports. The market is expected to grow as a result of young people adopting more cutting-edge sports technologies and fashion trends.
Growth Drivers
Increasing emphasis on fitness and sports
Sports education and training in educational institutions have significantly increased the emphasis on sports and fitness. As a result, many educational institutions provide training to scholars, allowing them to compete in various sports competitions. An increase in the number state, national, and international level competitions result in increased youth participation and interest in sports activities. It spurs the demand for sports equipment and apparels. This, in turn, is projected to fuel the growth of United States sports and apparel market during the period in analysis.
Challenge: Increasing consumer propensity for other leisure activities
Consumer propensity for leisure pursuits other than sports, such as movie watching, video gaming, and music festivals, is increasing. Sporting goods are also expensive and out of reach for many people. Few manufacturers may increase the weight of the equipment to increase the level of protection while playing the game, which may make the player uncomfortable. These unfavorable trends are anticipated to limit the growth of United States sports equipment and apparel market.
Impact of COVID-19 on United States Sports Equipment and Apparel Market
The country-wide lockdown and restrictions have caused a significant decline in the market for sports apparel and equipment in the United States. The manufacturing and supply chain operations were suspended for a while to help slow the virus's spread. Like other public spaces, gyms and health and fitness centers were closed for months to avoid crowding. Sportswear became less popular as people spent more time inside their homes, and everyday active wear gained popularity. International sporting competitions, such as the Wimbledon Tennis Championship, MotoGP World Championship, Euro 2020 Football Championship, Summer Olympics of 2020, World Athletics Indoor Championships of 2020, and Formula One were either postponed or canceled as a result of the pandemic. Consequently, sports equipment and apparel market suffered significant loss during the pandemic period. In Post pandemic, however, national and global sports events and people’s increasing focus on health and fitness are expected to drive the demand for sports equipment and apparels in the United States.
United States Sports Equipment and Apparel Market – By Sports Type
The United States sports equipment and apparel market is classified as Bike, Outdoor, Tennis, Running, Fitness Equipment, Football/Soccer, Winter Sports, Watersports, and other segments. The football/soccer segment dominated the sports equipment market. Basketball, soccer, and football are among the most popular ball sports among children and their parents across the country. This is one of the primary factors driving the expansion of the market for sports equipment and accessories. The massive number of athletic competitions and participatory tournaments hosted by schools across the United States is thought to be driving up demand for sports equipment and apparel.
Competitive Landscape
United States sports equipment and apparel market is fiercely competitive. Prominent companies in the market include Adidas AG, Academy Sports + Outdoors, Amer Sports, Asics, Bass Pro Shops, Callaway Golf Company, Decathlon, Dick’s Sporting Goods, Escalade Inc., Fanatics, Inc., Fila Holdings Corp., Frasers Group plc, GAP INC., Gray-Nicolls, Gunn & Moore, Kappa, Lululemon Athletica, and Mizuno Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States sports equipment and apparel market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Sports Equipment and Apparel Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Sports Equipment and Apparel Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
United States Sports Equipment and Apparel Market to expand at a CAGR of 8.3% During 2023–2029
United States sports equipment and apparel market flourishing due to increasing focus on leading active lifestyles and appearing fit and growing female participation in professional and domestic sports and fitness activities.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States sports equipment and apparel market size at USD 117.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects United States sports equipment and apparel market size to grow at a CAGR of 8.3% reaching a value of USD 203.72 billion by 2029. People's increasing involvement in sports and leisure activities is one of the main factors fueling the expansion of the United States for sports equipment and apparel market. Growing stress management, rising health awareness, sedentary lifestyles, and the younger generation's openness to rapidly evolving trends are some of the elements that have an impact on market growth. The availability of sports apparel with improved features like moisture management, temperature control, and other performance-boosting qualities that prevent discomfort and potential injury has piqued consumers' interest, and it has been observed that these consumers are willing to pay a premium for these products. During the forecast period, the sports equipment market is expected to experience profitable growth opportunities due to rising disposable income, rising living standards, and rapid urbanization across numerous regions.
United States Sports Equipment and Apparel Market – Overview
Sports equipment or sporting goods, which include sports clothing, tools, gear, and materials, are frequently used to compete in sports or keep in shape. It is also employed to protect a person from harm while they engage in sports. The market is expected to grow as a result of young people adopting more cutting-edge sports technologies and fashion trends.
Growth Drivers
Increasing emphasis on fitness and sports
Sports education and training in educational institutions have significantly increased the emphasis on sports and fitness. As a result, many educational institutions provide training to scholars, allowing them to compete in various sports competitions. An increase in the number state, national, and international level competitions result in increased youth participation and interest in sports activities. It spurs the demand for sports equipment and apparels. This, in turn, is projected to fuel the growth of United States sports and apparel market during the period in analysis.
Challenge: Increasing consumer propensity for other leisure activities
Consumer propensity for leisure pursuits other than sports, such as movie watching, video gaming, and music festivals, is increasing. Sporting goods are also expensive and out of reach for many people. Few manufacturers may increase the weight of the equipment to increase the level of protection while playing the game, which may make the player uncomfortable. These unfavorable trends are anticipated to limit the growth of United States sports equipment and apparel market.
Impact of COVID-19 on United States Sports Equipment and Apparel Market
The country-wide lockdown and restrictions have caused a significant decline in the market for sports apparel and equipment in the United States. The manufacturing and supply chain operations were suspended for a while to help slow the virus's spread. Like other public spaces, gyms and health and fitness centers were closed for months to avoid crowding. Sportswear became less popular as people spent more time inside their homes, and everyday active wear gained popularity. International sporting competitions, such as the Wimbledon Tennis Championship, MotoGP World Championship, Euro 2020 Football Championship, Summer Olympics of 2020, World Athletics Indoor Championships of 2020, and Formula One were either postponed or canceled as a result of the pandemic. Consequently, sports equipment and apparel market suffered significant loss during the pandemic period. In Post pandemic, however, national and global sports events and people’s increasing focus on health and fitness are expected to drive the demand for sports equipment and apparels in the United States.
United States Sports Equipment and Apparel Market – By Sports Type
The United States sports equipment and apparel market is classified as Bike, Outdoor, Tennis, Running, Fitness Equipment, Football/Soccer, Winter Sports, Watersports, and other segments. The football/soccer segment dominated the sports equipment market. Basketball, soccer, and football are among the most popular ball sports among children and their parents across the country. This is one of the primary factors driving the expansion of the market for sports equipment and accessories. The massive number of athletic competitions and participatory tournaments hosted by schools across the United States is thought to be driving up demand for sports equipment and apparel.
Competitive Landscape
United States sports equipment and apparel market is fiercely competitive. Prominent companies in the market include Adidas AG, Academy Sports + Outdoors, Amer Sports, Asics, Bass Pro Shops, Callaway Golf Company, Decathlon, Dick’s Sporting Goods, Escalade Inc., Fanatics, Inc., Fila Holdings Corp., Frasers Group plc, GAP INC., Gray-Nicolls, Gunn & Moore, Kappa, Lululemon Athletica, and Mizuno Corporation. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States sports equipment and apparel market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Sports Equipment and Apparel Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Sports Equipment and Apparel Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
240 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. United States Sports Equipment & Apparel Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increased Physical Activity Participation
- 3.2.1.2. Manufacturers Frequently Promote Their Products On Internet Media
- 3.2.1.3. Growing Interest in Sports Among Young People
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Raw Material
- 3.2.2.2. Stringent Government Regulations
- 3.2.3. Opportunities
- 3.2.3.1. Emerging Online Platforms for Sports Products
- 3.2.3.2. Increasing Penetration of Women Sports
- 3.2.4. Challenges
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. United States Sports Equipment & Apparel Market Overview
- 4.1. Market Size & Forecast by Value, 2019−2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Equipment
- 4.2.1.2. Apparel
- 4.2.2. By Sport Type
- 4.2.2.1. Bike
- 4.2.2.2. Outdoor
- 4.2.2.3. Tennis
- 4.2.2.4. Running
- 4.2.2.5. Fitness Equipment
- 4.2.2.6. Football Soccer
- 4.2.2.7. Winter Sports
- 4.2.2.8. Water Sports
- 4.2.2.9. Others
- 4.2.3. By Distribution Channel
- 4.2.3.1. Online
- 4.2.3.2. Offline
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. United States Sports Equipment & Apparel Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on United States Sports Equipment & Apparel Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook and SWOT Analysis)
- 7.1. Adidas AG
- 7.2. Academy Sports + Outdoors
- 7.3. Amer Sports
- 7.4. Asics
- 7.5. Bass Pro Shops
- 7.6. Callaway Golf Company
- 7.7. Decathlon
- 7.8. Dick’s Sporting Goods
- 7.9. Escalade Inc.
- 7.10. Fanatics, Inc.
- 7.11. Fila Holdings Corp.
- 7.12. Frasers Group plc
- 7.13. GAP INC.
- 7.14. Gray-Nicolls
- 7.15. Gunn & Moore
- 7.16. Kappa
- 7.17. Lululemon Athletica
- 7.18. Mizuno Corporation
- 7.19. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumption & Limitation
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figure
- Figure 1 United States Sports Equipment & Apparel Market Segmentation
- Figure 2 United States Sports Equipment & Apparel Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 United States Sports Equipment & Apparel Market Size, By Value (USD Million), 2019−2029
- Figure 5 United States Sports Equipment & Apparel Market Share, By Product, By Value, 2019−2029
- Figure 6 United States Sports Equipment & Apparel Market Share, By Sport Type, By Value, 2019−2029
- Figure 7 United States Sports Equipment & Apparel Market Share, By Distribution Channel, By Value, 2019−2029
- List of Tables
- Table 1 United States Sports Equipment & Apparel Market Size, By Product, By Value, 2019−2029
- Table 2 United States Sports Equipment & Apparel Market Size, By Sport Type, By Value, 2019−2029
- Table 3 United States Sports Equipment & Apparel Market Size, By Distribution Channel, By Value, 2019−2029
- Table 4 Adidas AG Company Overview
- Table 5 Adidas AG Financial Overview
- Table 6 Academy Sports + Outdoors Company Overview
- Table 7 Academy Sports + Outdoors Financial Overview
- Table 8 Amer Sports Company Overview
- Table 9 Amer Sports Financial Overview
- Table 10 Asics Company Overview
- Table 11 Asics Financial Overview
- Table 12 Bass Pro Shops Company Overview
- Table 13 Bass Pro Shops Financial Overview
- Table 14 Callaway Golf Company Overview
- Table 15 Callaway Golf Company Financial Overview
- Table 16 Decathlon Company Overview
- Table 17 Decathlon Financial Overview
- Table 18 Dick’s Sporting Goods Company Overview
- Table 19 Dick’s Sporting Goods Financial Overview
- Table 20 Escalade Inc. Company Overview
- Table 21 Escalade Inc. Financial Overview
- Table 22 Fanatics, Inc. Company Overview
- Table 23 Fanatics, Inc. Financial Overview
- Table 24 Fila Holdings Corp. Company Overview
- Table 25 Fila Holdings Corp. Financial Overview
- Table 26 Frasers Group Plc Company Overview
- Table 27 Frasers Group Plc Financial Overview
- Table 28 GAP INC. Company Overview
- Table 29 GAP INC. Financial Overview
- Table 30 Gray-Nicolls Company Overview
- Table 31 Gray-Nicolls Financial Overview
- Table 32 Gunn & Moore Company Overview
- Table 33 Gunn & Moore Financial Overview
- Table 34 Kappa Company Overview
- Table 35 Kappa Financial Overview
- Table 36 Lululemon Athletica Company Overview
- Table 37 Lululemon Athletica Financial Overview
- Table 38 Mizuno Corporation Company Overview
- Table 39 Mizuno Corporation Financial Overview
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