Global Sporting And Athletic Goods Market Size
Paper, Plastics, Rubber, Wood And Textile

Global Sporting And Athletic Goods Market Forecast 2024-2033: Estimated Market Size And Growth Rate

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The sporting and athletic goods market size has grown strongly in recent years. It will grow from $182.73 billion in 2023 to $198.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the historic period can be attributed to global sporting events, fitness and wellness boom, growth in marketing and endorsements, urbanization and recreational spaces, health and fitness awareness. The sporting and athletic goods market size is expected to see strong growth in the next few years. It will grow to $269.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.  The growth in the forecast period can be attributed to growing sustainability practices, health and wellness integration, customization and personalization, athleisure market growth, youth sports participation, social media influence. Major trends in the forecast period include smart sportswear integration, augmented reality (AR) in sports training, subscription models for sports gear, female-centric sportswear design, innovations in footwear technology.

The sporting and athletic goods manufacturing market is poised to benefit from steady economic growth projected for both developed and developing countries. As stated by the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021, with recovering commodity prices playing a significant role in driving economic growth. The stable growth of the US economy and the slightly faster growth of emerging markets relative to developed markets are expected to fuel public and private investments, joint ventures, and foreign direct investments in end-user markets. This greater economic growth is anticipated to propel the sporting and athletic goods manufacturing market, shaping its trajectory throughout the forecast period, including in 2023, 2024, and 2028.

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What Are The Key Trends That Influence Sporting And Athletic Goods Market Share Analysis?

Additive manufacturing is growing as an important trend as the sports goods industry has become competitive. Additive manufacturing involves building three-dimensional objects using digital models and successively adding multiple layers of material. The sports goods industry has fast-changing customer demands and requirements for product performance. Additive manufacturing enables the manufacturer to fulfill those demands by providing an efficient approach to rapid prototyping. Therefore, a manufacturer can produce a specific design depending on the individual’s prototype. For example, Asics Corporation, a Japanese company specializing in the production of sportswear and athletic equipment, will launch ACTIBREEZE in July 2022. ACTIBREEZE is a ground-breaking geometric structure, made possible by a parametric design method and cutting-edge 3D printing technology, featured in an inventive 3D printed sandal that is specifically made to support the body and mind of a recovering athlete. This structure provides the wearer with outstanding comfort and protection.

Which Market Players Are Driving Growth In The Sporting And Athletic Goods Market?

Major companies operating in the sporting and athletic goods market report are Christian Dior SE, The Procter & Gamble Company, Nike Inc., The Michelin Group, Bridgestone Corporation, Adidas AG, WestRock Company LLC, International Paper Company, Kimberly-Clark Corporation, Decathlon S.A., Russell Athletic LLC, Anta Sports Products Limited, Skechers USA Inc., Under Armour Inc., New Balance Athletics Inc., Rajesh Exports Ltd., Callaway Golf Company, Li-Ning Company Limited, ASICS Corporation, Columbia Sportswear Company, Fila Holdings Korea Ltd., Amer Sports Corporation, Mizuno Corporation, The North Face Inc., Patagonia Inc., YONEX Co. Ltd., Skis Rossignol S.A., K-Swiss Inc., Performance Sports Group Ltd., Derby Cycle Corporation

How Is The Global Sporting And Athletic Goods Market Segmented?

The sporting and athletic goods market covered in this report is segmented –

1) By Type: Fishing Equipment, Skating And Skiing Equipment, Golf Equipment, Other Sporting Equipment
2) By Material: Plastics, Wood, Metal, Other Materials
3) By Distribution Channel: Online Stores, Speciality Stores, Convenience/Departmental Store, Other Distribution Channels

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The Sporting And Athletic Goods Global Market Report 2024 provides an overview of the sporting and athletic goodsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sporting and athletic goods market forecast analyzes sporting and athletic goods market size, sporting and athletic goods market share, leading competitor and their market positions.

The Table Of Content For The Sporting And Athletic Goods Market Include

1. Sporting And Athletic Goods Market Executive Summary
2. Sporting And Athletic Goods Market Segments
3. Sporting And Athletic Goods Market Size And Template Market Growth Rate
4.  Key Sporting And Athletic Goods Market Trends
5. Major Sporting And Athletic Goods Market Drivers
……
25. Key Mergers And Acquisitions In The Sporting And Athletic Goods Market
26. Top Sporting And Athletic Goods Companies
27. Sporting And Athletic Goods Market Opportunities And Strategies
28. Sporting And Athletic Goods Market, Conclusions And Recommendations
29. Appendix

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