Europe Sporting Goods Market to Accoount € 112.79 Bn by 2016 | Page 2

R e s e a r c h

Report Media Releases
Europe Sporting Goods Market to Register a Value CAGR
of 6.6% between 2016 and 2024; Market Growth Driven by
Rising Health and Wellness Awareness among the
Population
Persistence Market Research delivers key insights on the Europe sporting goods market in
a new report titled, “Sporting Goods Market: Europe Industry Analysis and Forecast, 2016 –

M a r k e t

2024”. The Europe sporting goods market is anticipated to be valued at € 112.79 Bn by the end
of 2016.
An increasing prevalence of obesity due to a modern and hectic lifestyle and increasing health
and wellness awareness among the female population are the key factors influencing the growth
of the Europe sporting goods market. A hectic modern lifestyle, increasing intake of high-calorie
processed food, and prolonged desk-bound jobs are major causes for increasing prevalence of
obesity among the population in Europe, which is in turn fueling the demand for sporting goods
to improve the quality of life. Also, growing prevalence of obesity is driving the demand for
fitness-related sports equipment and encouraging end users to increase their spending on

P e r s i s t e n c e

sporting goods. Furthermore, increasing disposable income in major European countries is
expected to drive revenue growth of the Europe sporting goods market over the forecast period.
One of the major restraints for the growth of the sporting goods market in Europe is the
increasing time spent on the internet, mobile device games, and other related non-physical
activities by the younger generation that is reducing their interest in physical sports. This trend
has diminished the demand for sports goods and products in Europe and is one of the main
factors hampering the growth of the Europe sporting goods market.
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The Europe sporting goods market is segmented on the basis of product type into Football,
Teamsports, Tennis, Bike Sports, Racket Sports, Outdoor Sports, Water Sports, Running, Winter
Sports, Golf, and Other Sports. Each of the product type segments are further sub-segmented
into Apparel, Equipment, and Shoes sub-segments. The Europe sporting goods market is

Europe Sporting Goods Market 2016-2024