Published on : Feb 04, 2016
Sporting goods or sports equipment are objects that are widely used in some type of sport or for exercising purpose. The tremendous increase in the participation of sports across the globe in the major factor that is boosting the demand for sports equipment. On the basis of products, the global market for sports equipment can be divided into the following segments:
The global market for sports equipment has registered a significant growth in the recent years. Some of the factors that are driving the global sports equipment market are rising consumer awareness regarding fitness and health, growing participation in sports activities, and the development of e-commerce industry.
On the other hand, the tremendous availability of counterfeit products and increasing costs of sports equipment are some of the factors that are expected to hamper the growth of the global sports equipment market in the coming years.
Some of the equipment of the global sports equipment market are billiards, wheel sports, golf, ball sports, archery, fitness, bowling, pogo sticks, indoor games, winter sports, and adventure sports. The tremendously growing media coverage of several sports events around the world, including the Commonwealth Games, Olympic Games, and FIFA World Cups have significantly encouraged the youth to participate in various sports. In addition, the global sports equipment market is developing new and innovative technologies and designing its products accordingly to maintain the pace with speedily changing trends across the globe.
Analyzing the cutthroat competition in the global sports equipment market, many new entities are seeking their luck for entering the global market and creating a brand name for themselves. The high profits associated with this market is another attraction for the market players. Some of the top players operating in the sports equipment market are Cabela’s Incorporated, MIZUNO Corporation, GLOBERIDE, Inc., Callaway Golf Company, Jarden Corporation, Adidas AG, PUMA SE, Amer Sports, YONEX Co., Ltd., and Nike Inc. Furthermore, the protective equipment in sports is also a major segment of the sports equipment market, which comprises ski suits, jock strap, shin pads, mouth guards, and a football helmet.