The sports training global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sports Training Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sports training market size has grown strongly in recent years. It will grow from $18.1 billion in 2023 to $19.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to the development of modern sports techniques, the introduction of advanced training equipment, growing media coverage of sports, increased investment in athlete development, and advancements in sports nutrition.
The sports training market size is expected to see strong growth in the next few years. It will grow to $26.59 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to advancements in technology, increasing health and fitness awareness, growing participation in sports, innovations in training equipment, and rising demand for personalized coaching. Major trends in the forecast period include the rise of artificial intelligence-driven coaching tools, increased use of virtual reality for training simulations, growth in personalized fitness programs, expansion of wearable technology, and a focus on mental conditioning and holistic athlete wellness.
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Scope Of Sports Training Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sports Training Market Overview
Market Drivers –
The rise in sports participation rates is expected to propel the growth of the sports training market going forward. Sports participation rates indicate the proportion of people in a particular population who are actively involved in sports or physical activities. Sports participation is boosted through various strategies and influences, particularly through sports community engagement, promotion and awareness of youth sports programs, and initiatives through school and college initiatives. Sports training helps athletes improve specific skills required for their sport. It also builds overall physical fitness, including strength, endurance, flexibility, and agility. This helps athletes handle the physical demands of their sport and reduces the risk of injury. For instance, in December 2023, according to the Sports & Fitness Industry Association (SFIA), a US-based trade association that represents brands and suppliers in the sports and fitness sector, in 2022, the total number of participants in team sports in the United States rose to 70.8 million, reflecting a notable increase from the 67 million participants recorded in 2020. Therefore, the rise in sports participation rates is driving the growth of the sports training market.
Market Trends –
Major companies operating in the sports training market are developing advanced human pose estimation technology to enhance athlete performance analysis and improve training precision. Human pose estimation technology leverages computer vision and artificial intelligence (AI) to track and analyze athletes’ movements, providing real-time feedback on posture and technique. For instance, in December 2023, BeONE Sports, a US-based sports tech start-up, partnered with MobiDev, a US-based software engineering company, and launched an AI-powered comparative training platform. The platform offers a data-driven approach to training, helping athletes better understand their performance metrics and adjust their routines accordingly. Through the BeONE Sports mobile app, athletes receive instant feedback on their form, with the AI engine comparing their movements to elite athletes’ ideal repetitions. This personalized analysis provides tailored recommendations for improvement. The platform eliminates many of the financial barriers to high-level training by making elite coaching more accessible. It emphasizes proper form and technique, aiding performance enhancement while also minimizing injury risks.
The sports training market covered in this report is segmented –
1) By Sports Type: Soccer, Cricket, Basketball, Volleyball, Tennis, Badminton, Others
2) By Medium: Online, Offline
3) By Application: Men, Women, Kids
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Regional Insights –
North America was the largest region in the sports training market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the sports training market are Tata Steel, i9 Sports Corporation, Palms Sports LLC, Kitman Labs Inc., USOPC, Ignite Sport UK Ltd., Sports Academy, Athletic Lab, CMT Learning Ltd., Dynamic Sports Training, Edstart Sports Coaching, Sport Structures Limited, The Coach Crew, TOCA Football Inc., Spolto, Beijing Ice Sports Training Centre, EL1, Elle Football Academy, ESM Internationale, Nanjing Inner Sports Technology Co Ltd
Table of Contents
1. Executive Summary
2. Sports Training Market Report Structure
3. Sports Training Market Trends And Strategies
4. Sports Training Market – Macro Economic Scenario
5. Sports Training Market Size And Growth
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27. Sports Training Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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