Sports Equipment Market - Expected to Expand at a Cagr of 3.0% from 2014 to 2020
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Sports Equipment Market - Ball Sports to be the largest segment by
2020
Persistence Market Research
Sports Equipment Market Will Reach
US$81,821.0 Million Globally, in
2020:Persistence Market Research
Persistence Market Research
1
Sports Equipment Market - Ball Sports to be the largest segment by
2020
Persistence Market Research “Global Market Study on Sports Equipment: Ball Sports to be the
largest segment by 2020”, the global Sports Equipment market was valued at USD 66,528.8 million in
2013 and is expected to expand at a CAGR of 3.0% from 2014 to 2020, to reach USD 81,821.0 million by
2020.
The global sports equipment market is witnessing a considerable growth over the last few years.
Increasing participation in sports activities, growing consumer awareness about health and fitness, and
emergence of e-commerce are some of the key drivers impelling the growth of sports equipment market.
However, increasing availability of counterfeit products and rising prices of sports equipment are
restraining the growth of this market to some extent. The global sports equipment market consists of
equipment for ball sports, adventure sports, fitness, golf, winter sports, and others sports, including
archery, billiards, bowling, wheel sports, pogo sticks, and indoor games. The ball sports equipment
segment is expected to be the market’s most lucrative during the forecast period. This segment is
expected to account for approximately 26.6% share in the global sports equipment market in 2020.
Increasing media coverage of various global sports events such as the Olympic Games, Commonwealth
Games, and FIFA World Cups encourage the youth to take part in various sports. The sports equipment
industry is swiftly embracing new technologies and adapting its products in order to keep pace with
rapidly changing global trends. In recent times, there is a growing trend of combining casual and athletic
designs. Major sports equipment manufacturers merge sports products with leisurewear...
2020
Persistence Market Research
Sports Equipment Market Will Reach
US$81,821.0 Million Globally, in
2020:Persistence Market Research
Persistence Market Research
1
Sports Equipment Market - Ball Sports to be the largest segment by
2020
Persistence Market Research “Global Market Study on Sports Equipment: Ball Sports to be the
largest segment by 2020”, the global Sports Equipment market was valued at USD 66,528.8 million in
2013 and is expected to expand at a CAGR of 3.0% from 2014 to 2020, to reach USD 81,821.0 million by
2020.
The global sports equipment market is witnessing a considerable growth over the last few years.
Increasing participation in sports activities, growing consumer awareness about health and fitness, and
emergence of e-commerce are some of the key drivers impelling the growth of sports equipment market.
However, increasing availability of counterfeit products and rising prices of sports equipment are
restraining the growth of this market to some extent. The global sports equipment market consists of
equipment for ball sports, adventure sports, fitness, golf, winter sports, and others sports, including
archery, billiards, bowling, wheel sports, pogo sticks, and indoor games. The ball sports equipment
segment is expected to be the market’s most lucrative during the forecast period. This segment is
expected to account for approximately 26.6% share in the global sports equipment market in 2020.
Increasing media coverage of various global sports events such as the Olympic Games, Commonwealth
Games, and FIFA World Cups encourage the youth to take part in various sports. The sports equipment
industry is swiftly embracing new technologies and adapting its products in order to keep pace with
rapidly changing global trends. In recent times, there is a growing trend of combining casual and athletic
designs. Major sports equipment manufacturers merge sports products with leisurewear...