The global sports accessories and equipment market is anticipated to grow at a CAGR of 6.7% during the forecast period (2024-2031). Sports equipment is the utility equipment essential for engaging in sports activity, and aid to meet the rules and regulations of a particular sport. These equipment and apparel are essential to enhance the performance of athletes. The sports equipment industry is rapidly evolving, owing to the increase in adoption of emerging sports technologies and the latest trends among the youth population. The introduction of innovative products is the medium for manufacturers to sustain themselves in the competitive market, attract new consumers, and cater to the requirements of existing consumers. An increase in the fan base of popular sports events such as the Olympics, the Indian premier league, FIFA, and others are fueling the demand for sports equipment and apparel globally. Moreover, the rise in popularity of sports and fitness activities among the youth is also propelling the overall sports equipment and apparel market growth.
Sports companies sell their products both offline and online to cater to different customer preferences and maximize their sales potential. For instance, in November 2022, Toyam Sports Ltd. (TSL) launched a wide range of MMA merchandise, under its ‘KlL’ brand. Specifically, designed products lunched via various B2C sales formats (online as well as offline) in India. Partnerships also benefit sports organizations by allowing them to work with companies to develop new products and services. Higher earnings and visibility may ensue from this for both parties. For Instance, in May 2023, Fanatics announces an innovative collaboration with Sky Sports to introduce their brand-new fan-focused online store. The new online merchandise shop is a first for Sky Sports, as well as Fanatics’ first partnership with a European broadcaster. Further, in December 2022, The first Scott Technology Center was opened by Scott Sports in India. The company sells bicycles, winter clothing, motorsports gear, and athletic apparel.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product
- By Sport Type
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Adidas AG, Amer Sports, Puma SE, Yonex Co., Ltd., Mizuno Corp., and others.
Sports Accessories and Equipment Market Report Segment
By Product Type
- Sports Equipment
- Sports Apparel
- Sports Footwear
- Others (Accessories)
By Sport Type
- Football
- Cricket
- Hockey
- Tennis
- Basketball
- Others (Badminton, Baseball)
By Distribution Channel
- Online
- Offline
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Company Profiles
- ASICS COPERATION
- Decathlon
- Fila
- Joma
- Kappa
- Le Coq Sportif
- New Balance
- Nike
- Reebok
- Sansapareils Greelands
- Skechers
- SkySports
- Under Armour
- Wilson Sporting Goods
- Yonex
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