With Market Dimension Valued at $70.6 Billion by 2026, it`s a Wholesome Outlook for the World Sporting Items Market | State

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SAN FRANCISCO, September 15, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc. (GIA), the leading market research firm, today released its report, titled Sporting Goods – Global Market Trajectory & Analytics. The report offers new perspectives on opportunities and challenges in a strongly changed market after COVID-19.

FACTS AT A GLANCE

Edition: 7; Approved: April 2021

Executive pool: 2031

Companies: 43 – Adidas AG is one of the players covered; Amer Sports; Hammer Sports AG; Kettler GmbH; Nike, Inc .; Odlo Trading AG; Polar Electro Oy; PUMA-SE; Under Armor, Inc .; WaterRower, Inc. and others.

Cover: All major regions and key segments

Segments: Segment (ball sports equipment, water sports equipment, air sports equipment, other sports equipment, sportswear, sports shoes, other segments)

Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.

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ABSTRACT-

Reaching global sporting goods market $ 70.6 billion by 2026

In the midst of the COVID-19 crisis, the world market for sporting goods is valued at $ 60.2 billion in 2020 is expected to reach a revised size of $ 70.6 billion until 2026 with a CAGR of 2.6% in the analysis period. Ball sports equipment, one of the segments analyzed in the report, is expected to have a CAGR and reach of 3.3% $ 26.1 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis that has caused it, growth in the water sports equipment segment will be adjusted to a revised CAGR of 2.8% for the next 7 year period.

The US market is estimated at $ 16.7 billion in 2021, while China is expected to reach $ 13.9 billion by 2026

The sporting goods market in the US is valued at $ 16.7 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 13.9 billion by 2026 with a CAGR of 5% in the analysis period. Other notable geographic markets include Japan and Canadawhich will grow by 0.6% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow around 1.2% CAGR.

Air sports equipment segment is to be reached $ 6.7 billion by 2026

In the global Air Sports Equipment segment United States of America, Canada, Japan, China and Europe will increase the estimated CAGR for this segment by 1.5%. These regional markets make a combined market size of $ 4.5 billion in 2020 a forecast size of $ 5 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More

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CONTACTS:

Zak Ali

Director, corporate communications

Global Industry Analysts, Inc.

Phone: 1-408-528-9966

www.StrategyR.com

Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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