Learn about the global sporting goods, hobby, musical instrument, and book stores market through The Business Research Company, which provides information on sporting goods, hobby, musical instrument, and book stores market size, sporting goods, hobby, musical instrument, and book stores market drivers and restraints, sporting goods, hobby, musical instrument, and book stores market players, the COVID-19 impact on the sporting goods, hobby, musical instrument, and book stores market, and more.

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The global sporting goods, hobby, musical instrument, and book stores market is expected to grow from $510.32 billion in 2020 to $533.59 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $643.97 billion in 2025 at a CAGR of 5%.

Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.

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The sporting goods, hobby, musical instrument, and book stores market consists of sales of sporting goods, hobby-related products, musical instruments, and books by entities (organizations, sole traders and partnerships) that are engaged in retailing new toys; games; crafts items; pottery items; different books; bicycles and bicycle parts; camping equipment; exercise and fitness equipment; athletic uniforms; specialty sports footwear; and other sporting goods, equipment, and accessories. The entities in this industry are also engaged in retailing musical instruments such as piano, guitar, violin and others. Some of the players in this industry also provide repair and rental services for sporting goods and musical instruments.

Global sporting goods, hobby, musical instrument, and book stores market segments include:

By Type: Sporting Goods Stores, Hobby, Toy, and Game Stores, Musical Instrument and Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, and Book Stores

By Ownership: Retail Chain, Independent Retailer

By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global sporting goods, hobby, musical instrument, and book stores market, accounting for 33% of the market in 2020.

Many sporting goods manufactures are investing in achieving customization and personalization. With increasing number of online users, changing demographics and increased per-capita income, demand for unique and custom-made products have gained demand.

TBRC’s sporting goods, hobby, musical instrument, and book stores market report covers:

Major Market Players: Nike Inc, Reebok, Adidas AG, Puma SE, Amer Sports Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Sporting Goods, Hobby, Musical Instrument, and Book Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides sporting goods, hobby, musical instrument, and book stores market overviews, analyzes and forecasts market size, share, sporting goods, hobby, musical instrument, and book stores market players, sporting goods, hobby, musical instrument, and book stores market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s sporting goods, hobby, musical instrument, and book stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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