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Pulished Date April, 2021
ID: 10581
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Sports Equipment and Apparel Market by Product Type (Equipment and Apparel), Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports, Winter Sports, Water Sports, and Others), and Distribution Channel (Online and Offline): Opportunity Analysis and Industry Forecast, 2021–2026

Pulished: April, 2021
ID: 10581
Pages: 175

 Sports Equipment and Apparel Market Size & Growth (2021– 2026)

Sports equipment and apparel market was assessed to be $480 billion in 2021 and are supposed to grow at a CAGR of 7.2% to reach $817 billion by 2026.

The sports industry is one of the largest developing industries in the world. Initially, the sport was part of military training to develop physical and mental capacities. Nowadays, more and more people are involved in sports and recreational activities due to health awareness and sports management. Sport as an activity helps consumers reap benefits such as improved physical and mental health, teamwork, responsibility, and a positive self-image. Consumers are gradually spending on sports clothing and equipment alongside leisure clothing and accessories. Following developments in the sports industry, various associations and federations have made the use of sports equipment compulsory according to the needs of the sport. The equipment provides protection against injury during sport.

Growing awareness of general health and fitness is one of the major drivers of market growth. In addition, constant improvements in the materials used to manufacture sports equipment help to improve the performance of the products, thus increasing the rate of adoption.

Recent Developments:

  • In 2016, Under Armor launched UA shop, the mobile retail app, which provides product recommendations to users generated based on fitness tracking data collected from their connected fitness apps.

Sports Equipment and Apparel Market Growth and Trends:

The sports equipment industry has witnessed several changes recently because of the rising adoption of emerging technologies and the latest trends among the youth. Introducing innovative products is the way for manufacturers to stay in the competitive market, attract new consumers, and meet the needs of existing consumers. The growing fan base of popular sporting events such as the Olympics, Indian Premier League, FIFA, and others are fueling the demand for sports equipment and apparel, driving the business growth.

Sports Equipment and Apparel Market Drivers and Restraints:

The growth of the global sports equipment and apparel market can be attributed to the increased awareness of sports and fitness around the world. In addition, rising spending on sports training and development in children, due to augmented awareness of the benefits of participating in sports, such as increased focus and problem-solving ability, stimulates demand for sports equipment and clothing. In addition, the paradigm shift in the education system supports the growth of the sports industry and related industries. Also, the increase in sports education and sports training in academics has dramatically increased awareness of sports and fitness. Therefore, many schools/educational institutes provide training for students, giving them the opportunity to participate in various sports competitions. In addition, the surge in competitions at city, national and international levels carried out by various governments around the world leads to greater participation and interest of young people in sports activities. This is mainly promoting the demand for sports equipment and apparel markets across the world.

On the contrary, certain restrictions may affect the demand for sports goods and clothing. This includes a growing consumer inclination towards other leisure pursuits such as watching movies, virtual reality games, and music festivals. In addition, some sports equipment is expensive and inaccessible to most people. To increase the level of protection during sports, some manufacturers may increase the weight of the equipment, which may inconvenience the player.




Market Size Available

2021 – 2026

Base Year


Forecast Period

2021 - 2026



Segments Covered

According to the product type, According to the type of sport, Based on the distribution channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Adidas AG, Puma SE, Under Armor Inc., Amer Sports Corporation, Nike, Reebok, ASICS Corporation, Gap Inc., and VF Société New Balance, Inc., are a few dominant companies in this industry.

Sports Equipment and Apparel Market segmentation:

  • According to the product type, the equipment segment was the most important category in 2019 and is likely to remain dominant during the outlook period. The apparel and footwear segment is supposed to grow at a notable CAGR of 7.1% over the forecast period.
  • According to the type of sport, the other team sports segment was the one that contributed the most to the market in 2018 and is estimated to remain dominant until 2020-2027. However, the outdoor segment is expected to grow at a higher growth rate during the projection period.
  • Based on the distribution channel, the offline sports equipment and apparel market segment was dominant in 2019 and is anticipated to experience remarkable growth over the conjecture period. The growth in this segment can be credited to the rising adoption of offline retail formats, such as supermarkets and hypermarkets, in mature and emerging markets. Furthermore, the unique solution offered by these retail formats makes them a very popular purchase option for consumers. Additionally, these retail formats offer a wide range of products at competitive prices for customers and are generally located in easily accessible areas, increasing the overall appeal of this segment.

Regional Analysis:

By region, North America was the largest regional market in 2019. However, the Asia-Pacific is expected to grow at a higher CAGR during the envisioned period. This can be attributed to the growth in the adoption of sports and recreational activities in the area.

Key market players:

Players in the sports equipment and apparel industry have embraced product launch, acquisition, and collaboration as a key development strategy to increase their profitability and enhance their position in the sports apparel and equipment market. Adidas AG, Puma SE, Under Armor Inc., Amer Sports Corporation, Nike, Reebok, ASICS Corporation, Gap Inc. and VF Société New Balance, Inc., are a few dominant companies in this industry

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods    

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends   

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

    6.1 Sports Equipment and Apparel Market, By Product Type 

                                6.1.1 Equipment              

                                6.1.2 Apparel    

    6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

 6.2 Sports Equipment and Apparel Market, By Sport Type   

                                6.2.1 Bike            

                                6.2.2 Outdoor   

                                6.2.3 Tennis       

                                6.2.4 Other Racket Sports            

                                6.2.5 Running    

                                6.2.6 Fitness      

                                6.2.7 Football/Soccer     

                                6.2.8 Other Team Sports              

                                6.2.9 Winter Sports        

                                6.2.10 Water Sports       

      6.2.11 Market Size Estimations & Forecasts (2021-2026)

                                6.2.12 Y-o-Y Growth Rate Analysis           

                                6.2.13 Market Attractiveness Index        

                6.3 Sports Equipment and Apparel Market, By Distribution Channel   

                                6.3.1 Offline      

                                6.3.2 Online       

  6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

     7.1 Global Identity Governance and Administration Market, by Region  

     7.2 North America - Market Analysis (2021- 2026)   

                                7.2.1 By Country              



                                7.2.2 By Product Type   

                                7.2.3 By Sport Type        

                                7.2.4 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Sport Type        

                                7.3.4 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Sport Type        

                                7.4.4 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Sport Type        

                                7.5.4 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Product Type   

                                7.6.3 By Sport Type        

                                7.6.4 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Adidas AG                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Puma SE                       

                8.3 Under Armor Inc                      

                8.4 Nike                               

                8.5 Amer Sports Corporation                     

                8.6 Reebok                        

                8.7 ASICS Corporation                   

                8.8 Gap Inc                         

                8.9 VF Société New Balance, Inc                               

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Product, By Aircraft Type, and By end-user and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sports Equipment and Apparel Market By Region, From 2021-2026 ( USD Billion )
  2. Global Sports Equipment and Apparel Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Equipment Market By Region, From 2021-2026 ( USD Billion )
  4. Global Apparel Market By Region, From 2021-2026 ( USD Billion )
  5. Global Sports Equipment and Apparel Market By Sport Type, From 2021-2026 ( USD Billion )
  6. Global Bike Market By Region, From 2021-2026 ( USD Billion )
  7. Global Outdoor Market By Region, From 2021-2026 ( USD Billion )
  8. Global Tennis Market By Region, From 2021-2026 ( USD Billion )
  9. Global Other Racket Sports Market By Region, From 2021-2026 ( USD Billion )
  10. Global Running Market By Region, From 2021-2026 ( USD Billion )
  11. Global Fitness Market By Region, From 2021-2026 ( USD Billion )
  12. Global Football/Soccer Market By Region, From 2021-2026 ( USD Billion )
  13. Global Other Team Sports Market By Region, From 2021-2026 ( USD Billion )
  14. Global Winter Sports Market By Region, From 2021-2026 ( USD Billion )
  15. Global Water Sports Market By Region, From 2021-2026 ( USD Billion )
  16. Global Sports Equipment and Apparel Market By Distribution Channel, From 2021-2026 ( USD Billion )
  17. Global Offline Market By Region, From 2021-2026 ( USD Billion )
  18. Global Online Market By Region, From 2021-2026 ( USD Billion )

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