Global Sporting & Sporting Goods Market Report 2021: COVID-19 Impact And Recovery By 2030
Business Research Company Global Sporting & Sporting Goods Market Report 2021: COVID-19 Impact And Recovery By 2030
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According to the new market research report “Sporting And Athletic Goods Global Market Report 2021: COVID-19 Impact And Recovery” published by The Business Research Company, the market for sporting goods and sporting goods is expected to grow at 96.21 billion US dollars a year Grow to US $ 110.33 billion in 2020 with an average annual growth rate (CAGR) of 14.7% in 2021. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The market is expected to reach $ 142.84 billion at a CAGR of 7% in 2025. The market for the manufacture of sports and sporting goods is expected to benefit from steady economic growth that is forecast for many industrialized and developing countries.
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The sporting goods and sporting goods market consists of the sale of sporting and sporting goods by companies (organizations, sole proprietorships and partnerships) that manufacture sporting and sporting goods, excluding clothing and shoes.
Trends in the global sporting and sporting goods market
Additive manufacturing is growing as a major trend as the sporting goods industry has become more competitive. Additive manufacturing is the process of creating three-dimensional objects using digital models by adding multiple layers of material one at a time. The sporting goods industry has rapidly changing customer needs and product performance requirements. Additive manufacturing enables the manufacturer to meet these requirements through an efficient approach to rapid prototyping. Therefore, a manufacturer can make a specific design depending on the prototype of the individual. In September 2019, GuardLab, a New York-based sports technology brand, partnered with Bauer Hockey, a manufacturer of sports equipment, to bring custom 3D printed mouthguards to the market.
Global market segments for sporting goods and sporting goods:
The global sports and sporting goods market is further subdivided:
By type: fishing equipment, skating and skiing equipment, golf equipment, other sports equipment
By sales channel: online shops, specialty stores, convenience / department stores, others
By material: plastic, wood, metal, others
By Geography: The global sporting goods market is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific has the largest share of the global sporting and sporting goods market.
Read more about the report for the Global Sporting Goods Market at:
Sports and Sporting Goods Global Market Report 2021 is one of a series of new reports from The Business Research Company that features the Sports and Sporting Goods market overviews, analysis and forecast of market size and growth for the global Sporting and Sporting Goods, Sporting and Sporting Goods market offer market share, market participants for sporting and sporting goods, market segments and regions for sporting and sporting goods, sales, profiles and market shares of the leading competitors in the sporting and sporting goods market. The Sporting Goods Market report identifies top countries and segments for opportunities and strategies based on market trends and the approaches of leading competitors.
Read The Business Research Company’s Global Market Report 2021 for Sporting Goods and Sporting Goods for information on:
Data segmentations: market size, global, by region and by country; Historical and forecast size and growth rates for the world, 7 regions and 12 countries
Sports and Sporting Goods Market Organizations Covered: Decathlon, Callaway Golf Company, NIKE, Performance Sports Group, Russell.
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, Great Britain, USA.
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The Business Research Company has published over 1000 industry reports covering over 2500 market segments and 60 regions. The reports draw on 150,000 records, extensive desk research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on different markets.
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Here is a list of reports from The Business Research Company similar to the 2021 Global Market Report for Sports and Sporting Goods:
Global Sports & Sporting Goods Manufacturing Market Report 2020
Global Sporting Goods, Hobby, Musical Instrument & Book Stores Market Report 2021: Impact And Recovery From COVID-19
Dolls, Toys and Games Market: Opportunities and Strategies – Global Forecast to 2030
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November 25, 2021, 12:34 GMT
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