Insights Into The Football Equipment Market’s Growth Potential 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global football equipment market size is expected to grow from $16.41 billion in 2022 to $17.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The football equipment market is expected to reach $21.1 billion in 2027 at a CAGR of 4.9%.
What will drive the football equipment market?
The rise in sports participation rates is expected to propel the growth of the football equipment market going forward.
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Advancements in technology are a key trend gaining popularity in the football equipment market. Major companies operating in the football equipment market are adopting new technologies to sustain their position in the market. For instance, in July 2023, Adidas AG, a Germany-based athletic apparel and footwear company, launched the X CRAZYFAST, a technologically advanced football boot. The new boots are available in three different models: P+, P1 Laced, and P1 Lace Less, and provide players of all skill levels with speed-focused technology. It consists of ‘AERO’ improvements designed to increase speed throughout the game.
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Major players in the football equipment market are Nike Inc., Adidas AG, Kering SA, Puma SE, Under Armour Inc., Under Armour Inc., New Balance Inc., Amer Sports Oy, ASICS Corporation.
The global football equipment market is segmented –
1) By Type: Football Apparel, Football Shoes, Footballs, Football Protective Equipment, Other Types
2) By Material: Leather, Synthetic, Rubber, Other Materials
3) By Age Group: Adults, Youths, Kids
4) By Distribution Channel: Offline, Online
5) By End User: Professional, Recreational
The Football Equipment Global Market Report 2023 provides an overview of the football equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The football equipment market forecast analyzes football equipment market size, football equipment market share, leading competitor and their market positions.
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