Persistence Market Research Reports Sports Equipments Market

Sports Equipment Market Is Expected To Grow To
USD $21,778.6 Million By 2020 At A CAGR Of 3.6%
The global sports equipment market is witnessing considerable growth over the last few years. Increasing the
participation in sports activities, growing consumer awareness about health and fitness, and the emergence of e-
commerce are some of the key drivers impelling growth of the 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.
Among the various sports equipment segments, ball sports hold the largest market share. 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.