Market Research Logo

Global Sports Equipment Market 2016-2020

Global Sports Equipment Market 2016-2020

Market outlook of the sports equipment market

Technavio's research analyst predicts the global sports equipment market to grow at a CAGR of around 3% during the forecast period. The increased awareness of a healthy lifestyle is a key driver for the growth of this market. A hectic lifestyle coupled with rising health issues such as obesity has created a demand for fitness-related sports equipment. The growing concerns over obesity have led the WHO to declare it formally as a global epidemic. For instance, during 2013, New Zealand accounted for 38% of the world obese population.

The rising demand for lightweight sports equipment is also expected to propel the market growth during the forecast period. Modern lightweight sports equipment help consumers yield high performance due to their excellent stiffness and high strength. Moreover, they also give full control to the user over the equipment and provide them with a high level of flexibility. Carbon fibre is emerging as a popular replacement for traditional metal, wood, and steel in modern sports equipment.

Product segmentation and analysis of the sports equipment market

Ball sports
Adventure sports
Fitness equipment
Golf equipment
The ball sports segment dominated the market during 2015, with a market share of 24%. The global popularity of sporting events such as cricket, basketball, and football is the key growth driver for this segment. This research report anticipates the ball sports equipment market to reach a market value of around US $20 billion by the end of 2020.

Segmentation by retail format and analysis of the sports equipment market

Speciality and sports shops
Department and discount stores
Online retail
Speciality and sports shops accounted for 46% of the market share during 2015. The convenience provided by this distribution channel and its ability to stock popular brands have been driving the growth of this segment. Moreover, these stores provide consumers with numerous discounts on the equipment driving their popularity further.y

Geographical segmentation and analysis of the sports equipment market

APAC
Europe
North America
ROW
North America accounted for around 38% of the market share during 2015 and is expected to reach a revenue of around US $ 31 billion by the end of 2020. People are increasingly becoming health conscious, and there is a growing problem of obesity in the region. Consequently, a greater number of people engage in one or the other sporting activity to remain fit and healthy, which is boosting the growth of the sports equipment market. The growing health related issues in this region has been driving the market growth. For instance, according to Organisation for Economic Co-operation and Development (OECD), around 35% of the American adults were considered to be obese during 2014.

Competitive landscape and key vendors

The global sports equipment market is highly fragmented due to the presence of numerous small and large vendors. With rising competition, the industry has been witnessing consolidation wherein smaller entities are being acquired by or merged with major players.

The leading vendors in the market are -

Adidas
Amer Sports
Jarden
Mizuno
Nike
Under Armour
Other prominent vendors in the market include ASICS, Billabong International, Callaway Golf C, Columbia Sport, Daiwa Seiko, Dunlop Sports Group Americas, New Balance, Puma SE, Quicksilver, Yonex.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global sports equipment market?
What are the key market trends impacting the growth of the sports equipment market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global sports equipment market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the sports equipment market?
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Sports Turf Market 2015-2019
Global Licensed Sports Merchandise Market 2015-2019
Global Sports Footwear Market 2015-2019
Global Sports Apparel Market 2015-2019
Global Sports Nutrition Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Sports Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Sports Equipment Market: Adidas, Amer Sports, Jarden, Mizuno, Nike and Under Armour

Other Prominent Vendors in the market are: ASICS, Billabong International, Callaway Golf C, Columbia Sport, Daiwa Seiko, Dunlop Sports Group Americas, New Balance, Puma SE, Quicksilver, Yonex.

Commenting on the report, an analyst from Technavio’s team said: “The global sports equipment market shows immense potential to grow during the forecast period because of the presence of certain positive trends in the market. One such major trend is the increasing demand for lightweight sports equipment. Lightweight sports equipment is replacing its traditional counterpart, which is both heavy and old fashioned. Another trend noticed in the market is the increasing demand for eco-friendly products in sports equipment.”

According to the report, the global sports equipment market is driven by many growth factors, one of which is a rise in disposable income levels and living standards. The increase in per capita income, especially in developing countries, has increased the demand for sports equipment worldwide.

Further, the report states that increasing availability of counterfeit products is a major challenge faced by the global market.

Companies Mentioned

Adidas, Amer Sports, Jarden, Mizuno, Nike, Under Armour, ASICS, Billabong International, Callaway Golf C, Columbia Sport, Daiwa Seiko, Dunlop Sports Group Americas, New Balance, Puma SE, Quicksilver, Yonex.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of the global sports equipment market
    • Market size and forecast
      • Table Global sports equipment market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global sports equipment market segmentation by product
    • Table Global sports equipment market shares by products 2015-2020 (% share)
    • Global ball sports equipment market
      • Table Global ball sports equipment market 2015-2020 ($ billions)
    • Global adventure sports equipment market
      • Table Global adventure sports equipment market 2015-2020 ($ billions)
    • Global fitness equipment market
      • Table Global fitness equipment market 2015-2020 ($ billions)
    • Global golf equipment market
      • Table Global golf equipment market 2015-2020 ($ billions)
    • Global other sports equipment market
      • Table Global other sports equipment market 2015-2020 ($ billions)
  • Market segmentation by retail formats
    • Table Global sports equipment market segmentation by retail formats
    • Table Global sports equipment market by retail formats 2015
  • Geographical segmentation
    • Table Geographical segmentation of the global sports equipment market 2015
    • Table Geographical segmentation of the global sports equipment market 2019
    • Table Global sports equipment market 2015-2020 (% share)
    • Sports equipment market in North America
      • Table Sports equipment market in North America 2015-2020 ($ billions)
    • Sports equipment market in Europe
      • Table Sports equipment market in Europe 2015-2020 ($ billions)
    • Sports equipment market in APAC
      • Table Sports equipment market in APAC 2015-2020 ($ billions)
    • Sports equipment market in ROW
      • Table Sports equipment market in ROW 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • US
    • India
    • UK
    • Japan
    • China
  • Market drivers
    • Table Drivers of the global sports equipment market
    • Rising disposable incomes and living standards in developing countries
      • Table Number of HNWI in APAC (millions)
    • Increased awareness of a healthy lifestyle
    • Increased interest in sports activities
    • Increased demand for advanced equipment
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Challenges of the global sports equipment market
    • Availability of counterfeit products
    • Fragmented market
    • Decline in vendor profit margin
    • Highly expensive
    • Increased interest in substitutes
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends of the global sports equipment market
    • Increased usage of carbon fiber in sports equipment
    • Increased usage of nanomaterials in sports equipment
    • Increased demand for eco-friendly products
    • Growth in online retail
  • Vendor landscape
    • Competitive scenario
    • Major vendors 2014
      • Table Major vendors 2014
    • Adidas
    • Amer Sports
    • Jarden Corporation
    • Mizuno Corporation
    • Nike
    • Under Armour
    • Other prominent vendors
  • Key vendor analysis
    • Adidas
      • Table Adidas: Business segmentation by revenue 2014
      • Table Adidas: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Adidas: Geographical segmentation by revenue 2014
    • Amer Sports
      • Table Amer Sports: Business segmentation by revenue 2014
      • Table Amer Sports: Business segmentation by revenue 2013 and 2014
      • Table Amer Sports: Geographical segmentation by revenue 2014
    • Jarden Corporation
      • Table Jarden: Business segmentation 2014 by revenue
      • Table Jarden: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Jarden: Geographical segmentation by revenue 2014
    • Mizuno Corporation
      • Table Mizuno: Business segmentation 2014 by revenue
      • Table Mizuno: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table Mizuno: Geographical Segmentation by Revenue 2014
    • Nike
      • Table Nike: Business segmentation by revenue 2015
      • Table Nike: Business segmentation by revenue 2014 and 2015 ($ billions)
    • Under Armour
      • Table Under Armour: Business segmentation 2014 by revenue
      • Table Under Armour: Business segmentation by revenue 2013 and 2014 ($ billions)
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report