The report on the global sports equipment market provides in-depth market analysis by products segments, which include fitness equipment, ball adventure sports, winter sports, golf equipment, and other sports equipment. Among these segments, ball sports held the largest share of the market. Factors such as enhanced media coverage of popular global sports events such as Commonwealth Games, Olympic Games, and FIFA World Cups encourage youths across the globe to participate in these form of sports.
Geography wise, the market is segregated as North America, Europe, Asia Pacific, and Rest of the World (RoW) by the report. In addition, the report evaluates the current market dynamics with regards to drivers, restraints and opportunities.
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North America is the largest market for sports equipment, followed by Europe and Asia Pacific. The sports equipment industry fetches maximum revenue from the economically developed markets of the European countries and the U.S. In North America, the U.S. and Canada are the biggest markets for sports equipment. Asia Pacific is expected to witness a remarkable increase in demand for sports equipment during the forecast period. The market for sports equipment in the region exhibited growth at a greater rate between 2010 and 2013 compared to North America and Europe. Rapid economic development witnessed by countries such as India, Australia, China, and Japan will drive the market for sports equipment in Asia Pacific.
Low exit barriers and subdued expansion of market make the level of competition moderate in the sports industry. In order to study the competitive landscape, the report profiles companies such as Callaway Golf Company, Jarden Corporation, GLOBERIDE Inc., Amer Sports, PUMA SE, Cabela’s Incorporated, Adidas AG, Nike Inc., MIZUNO Corporation, and YONEX Co. Ltd. Leading companies in the sports equipment industry are embracing advanced technologies and are incorporating the same for the manufacture of their products to keep pace with rapidly transforming global trends.
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