Global Sports and Leisure Equipment Market Growth, Trends and Forecasts 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Global Sports and Leisure Equipment Market - Segmented by Product Type, Distribution Channel, and Geography - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global sports and leisure equipment market is expected to register a CAGR of 4.5% during the forecast period, 2018 to 2023.
The global sports and leisure equipment industry is projected to grow at the significant growth rate during the forecast period owning to growing influence of e-commerce in sales of sports equipment across the globe. Improvement in distribution channels has enabled the industry to reach out to a wider customer base, which is expected to play key role in development of the market. Consumers are attracted towards several benefits as well as convenience such as easy delivery, time saving and more options, is also expected to boost the market growth.
Growing Awareness towards Healthy Lifestyle to Drive the Sports and Leisure Equipment Market Growth
Rising awareness among consumers about health and fitness training equipment and the improvement in distribution channels are supporting the market growth during the last few years. Nevertheless, availability of counterfeit products and growing prices of original sports equipment are confining the growth of the sports and leisure equipment market to some extent. However, improvement and innovation of sports equipment products due to the demand of better quality raw material is expected to offer new opportunities for market growth in upcoming years. For example, introduction of modern materials used in badminton offer additional strength that permits better string tension. Earlier, there would be distortions in the head of the racket and it would fracture as the tension grew.
Fitness Sport Equipment to Witness Significant Growth in Upcoming Years
Due to popularity of ball sports, sports and leisure equipment market is led by ball sports equipment segment as growing popularity of ball sports such as cricket, football, hockey etc. across the globe. Development countries will witness the demand for fitness, golf, winter sports, sports, adventure sports, billiards, bowling, wheel sports, pogo sticks, and indoor games in upcoming years.
Rising popularity and viewership of global sports events such as the FIFA World, Olympic Games, and Commonwealth Games is encouraging the number of sport participations across the globe. The sports and fitness equipment market is quickly accepting with new technologies such as wearable technology, big data analytics, social media and sensor technology in order to keep pace with rapidly changing global trends in the market.
Key Topics Covered:
2. Sports And Leisure Equipment Market Insights
3. Sports And Leisure Equipment Market Dynamics
4. Sports And Leisure Equipment Market Segmentation
5. Sports And Leisure Equipment Market By Geography
6. Sports And Leisure Equipment Market Competitive Landscape
7. Company ProfilesAdidas AG Amer Sports PUMA SE Callaway Golf Company Jarden Mizuno ASICS Billabong International Colombia Sport Daiwa Seiko New Balance Quicksilver YONEX Co, Ltd
For more information about this report visit https://www.researchandmarkets.com/research/8vbrxh/global_sports_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005864/en/
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Related Topics:Sporting Goods and Equipment
INDUSTRY KEYWORD: GENERAL SPORTS SPORTS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/18/2018 12:16 PM/DISC: 09/18/2018 12:16 PM