Categories: Sports Industry

Sporting And Athletic Goods Market Sales, Manufacturing, Driving Economic Growth, Market Status And Forecast 2023-2032|Decathlon S.A, Amer Sports Corporation, Callaway Golf Company, Nike, Inc., Adidas AG

The Sporting And Athletic Goods Global Market Report 2023 by The Business Research Company, provides sporting and athletic goods market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/sporting-and-athletic-goods-global-market-report

According to The Business Research Company’s Sporting And Athletic Goods Global Market Report 2023, the market size will grow from $165.28 billion in 2022 to $179.1 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of sporting and athletic goods is expected to grow to $238.89 billion in 2027 at a CAGR of 7.5%.

The sporting and athletic goods manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.

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The sporting and athletic goods market is segmented:

1) By Type: Fishing Equipment, Skating And Skiing Equipment, Golf Equipment, Other Sporting Equipment

2) By Distribution Channel: Online Stores, Speciality Stores, Convenience/Departmental Store, Other Distribution Channels

3) By Material: Plastics, Wood, Metal, Other Materials

Additive manufacturing is growing as an important trend as the sports goods industry has become competitive. Additive manufacturing involves building three-dimensional objects using digital models and successively adding multiple layers of material. The sports goods industry has fast-changing customer demands and requirements for product performance. Additive manufacturing enables the manufacturer to fulfill those demands by providing an efficient approach to rapid prototyping. Therefore, a manufacturer can produce a specific design depending on the individual’s prototype. For example, Asics Corporation, a Japanese company specializing in the production of sportswear and athletic equipment, will launch ACTIBREEZE in July 2022. ACTIBREEZE is a ground-breaking geometric structure, made possible by a parametric design method and cutting-edge 3D printing technology, featured in an inventive 3D printed sandal that is specifically made to support the body and mind of a recovering athlete. This structure provides the wearer with outstanding comfort and protection.

The sporting and athletic goods market report table of contents includes: