Sports Equipment Market 2021 Current and Future Growth | Industry Gross Margin, Trends, Share, Size, Progression Status and Forecast till 2030

In a recent published report, Kenneth Research has updated the market report for Sports Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sports Equipment Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Sports Equipment Market is further estimated to grow at a CAGR of 3.7% from 2019 to reach USD 89.2 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At country level, U.S, U.K. and China is projected to grow strongly in the coming years due to high rate of investment by R&D.

Major market players in Sports Equipment Market are Nike Inc., Adidas Group, Reebok International, Puma, Under Armour Inc., VF Corporation, Everlast Worldwide Inc., Wilson Sporting Goods, New Balance, Fila, and brief overview of 10 companies is also provided in the report. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT Analysis of Sport Equipment Market:
Strength:

Collaboration with e-commerce websites.
The rising trend to follow prominent sports players.
Increasing media coverage of global sports event. For e.g. Fifa.

Weakness:
Regular advancements
Increasing instances of counterfeited and forged products

Opportunities:
Regular upgradations and advancements. For e.g. Terra Nova Equipment.
Huge investments by R&D

Threats:
Intense competition among the producers.
Absence of government regulations and trade infringement.

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The Global Sports Equipment Market is segmented as By Product type and Distribution Channel and Region. The Product type is divided into ball sports, adventurous sports, fitness equipment’s, golf equipment’s, sports equipment’s, athletic equipment and athletic apparels in which ball sports contributes to the highest Market share due to greater popularity among youngsters.

Sport Equipment Market Segmentation:
By Distribution Channel
*Sports shop
*Department and discount stores
*Online retail
*Others

By Product type
*Ball sports
*Adventurous sports
*Fitness Equipment’s
*Golf Equipment’s
*Sports Equipment’s
*Athletic Equipment’s
*Athletic Apparels

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078910

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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