The Business Research Company’s Football Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Football Equipment Global Market Report 2023 evaluates football equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global football equipment market is expected to grow from $16.41 billion in 2022 to $17.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 football equipment market is expected to reach $21.1 billion in 2027 at a CAGR of 4.9%.
The rise in sports participation rates is expected to propel the growth of the football equipment market going forward. Participating in sports improves physical and mental health, provides socialization opportunities, and builds relationships with teammates and coaches. Factors that can increase sports participation rates include the popularity of organized team sports, athletic department funding in schools, and social factors such as sporting experience. For instance, in January 2022, according to Football Australia, an Australia-based governing body of football, total football participation increased by 20% in 2021 to 1,421,804 from 1,181,931 in 2020. Further, outdoor football participation climbed by 77,107 participants, or 16%, from 2020 to 2021. Therefore, the rise in sports participation rates is driving the growth of the football equipment market.
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The football equipment market segments in the report are:
1) By Type: Football Apparel, Football Shoes, Footballs, Football Protective Equipment, Other Types
2) By Material: Leather, Synthetic, Rubber, Other Materials
3) By Age Group: Adults, Youths, Kids
4) By Distribution Channel: Offline, Online
5) By End User: Professional, Recreational
The table of contents in TBRC’s football equipment market report includes:
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