Sporting Goods Market [2016-2028] Estimated to Reach USD 70.2 BN by 2028 – Credence Research

In terms of value, the main players in the global Sporting Goods market include Mizuno Corporation; Callaway Golf Co.; Adidas AG; Amer Sports; Sumitomo Rubber Industries Limited; Nike, Inc.; Puma SE; Sports Direct International PLC; Under Armour; Yonex Co., Ltd.

The latest market report published by Credence Research, Inc.Global Sporting Goods Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Sporting Goods Market generated revenue of around USD 61.2 billion in 2021 and is anticipated to grow a CAGR of over 2.30% during the forecast period from 2022 to 2028 to reach around USD 70.2 billion in 2028. While, cumulative growth opportunity presented by the global Sporting Goods is around USD 8.9 billion during 2022 to 2028.

The ever-increasing popularity of athletic activities is expected to be the primary market driver for rapidly rising sporting goods sales. Obesity prevalence is rising, as is awareness of health and fitness, processed food consumption is increasing, disposable income is rising, and sports activities are becoming more popular among the general population. These are some of the major factors driving demand for sporting goods and thus growing the market. The sporting goods market is likely to be restrained by expanding Internet penetration and a growing tendency among the younger population to play online/digital games. Continuous innovations and rapid technical improvements to stay up with changing consumer demands are driving market expansion. The growing awareness of the benefits of a healthy lifestyle, as well as the relevance of sports and fitness activities, is driving up demand for such equipment.

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Sporting Goods Market Scope

Report Attribute


Market Value in 2021

USD 61.2 billion

Market Value in 2028

USD 70.2 billion



Benchmarking Year


Past data

2016 – 2021

Forecast period

2022 – 2028

The global Sporting Goods market is segmented into product and distribution channel, and Geography. Based on product the market is categorized into Ball over net games, Ball games, Fitness/Strength equipment, Athletic training equipment and Others. The market is divided into three segments based on distribution channel: online retail, specialty & sports shops, and department & discount stores. On the basis of geograph, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

Segmentation of Global Sporting Goods Market-

Global Sporting Goods Market – By Product

Ball over net games
Ball games
Fitness/Strength equipment
Athletic training equipment

Global Sporting Goods Market – By Distribution Channel

Online retail
Specialty & sports shops
Department & discount stores

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Sporting Goods market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country-level
In-depth analysis of the global market segmentation on the basis of product, and Distribution Channel.
Research and development investments by government as well as major players.
The global Sporting Goods market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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Table of Content

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Sporting Goods Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Sporting Goods Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Type

3.3.2. Distribution Channel

3.3.3. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Sporting Goods Market Pre Vs Post COVID 19, 2019 – 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Sporting Goods Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Sporting Goods Market, by Type, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Ball over net games

6.2.3. Fitness/Strength equipment

6.2.4. Athletic training equipment

6.2.5. Others

6.3. North America Sporting Goods Market, by Distribution Channel, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Online retail

6.3.3. Specialty & sports shops

6.3.4. Department & discount stores

6.3.5. Others

7. Europe


8. Asia Pacific


9. Latin America


10. Middle East


11. Africa


12. Global


13. Company Profiles

13.1. Mizuno Corporation

13.2. Callaway Golf Co.

13.3. Adidas AG

13.4. Amer Sports

13.5. Sumitomo Rubber Industries Limited

13.6. Nike, Inc.

13.7. Puma SE

13.8. Sports Direct International PLC

13.9. Under Armour

13.10. Yonex Co., Ltd.

13.11. Others


List of Figures

FIG. 1 Global Sporting Goods Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Sporting Goods Market Segmentation

FIG. 4 Global Sporting Goods Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Sporting Goods Market, by Distribution Channel, 2021 (US$ Bn)

FIG. 6 Global Sporting Goods Market, by Geography, 2021 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2021

FIG. 8 Global Market Positioning of Key Sporting Goods Market Manufacturers, 2019

FIG. 9 Global Sporting Goods Market Value Contribution, By Type, 2021 & 2028 (Value %)

FIG. 10 Global Sporting Goods Market, by Ball over net games, Value, 2016-2028 (US$ Bn)

FIG. 11 Global Sporting Goods Market, by Fitness/Strength equipment, Value, 2016-2028 (US$ Bn)

FIG. 12 Global Sporting Goods Market, by Athletic training equipment, Value, 2016-2028 (US$ Bn)

FIG. 13 Global Sporting Goods Market, by Others, Value, 2016-2028 (US$ Bn)

FIG. 14 Global Sporting Goods Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)

FIG. 15 Global Sporting Goods Market, by Online retail, Value, 2016-2028 (US$ Bn)

FIG. 16 Global Sporting Goods Market, by Specialty & sports shops, Value, 2016-2028 (US$ Bn)

FIG. 17 Global Sporting Goods Market, by Department & discount stores, Value, 2016-2028 (US$ Bn)

FIG. 18 U.S. Sporting Goods Market, 2016-2028 (US$ Bn)

FIG. 19 Rest of North America Sporting Goods Market, 2016-2028 (US$ Bn)

FIG. 20 U.K. Sporting Goods Market, 2016-2028 (US$ Bn)


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