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

A full Report Sports Accessories and Equipment Market is Available @  https://www.omrglobal.com/industry-reports/sports-accessories-and-equipment-market

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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