Increasing number of product launches and government initiatives regarding sports participation are the key factors driving the sports & leisure goods market in the United States.
According to TechSci Research report, “United States Sports & Leisure Goods Market”– By Region, Competition Forecast and Opportunities, 2018-2028”, US sports & leisure goods market has expanded significantly in recent years. The tools, materials, and equipment needed to compete in a sport vary depending on the discipline and are referred to as sporting and leisure equipment. Balls, netting, and safety equipment including helmets are just a few examples of the equipment.
Sporting goods, also referred to as sporting and leisure equipment, primarily refers to the tools, supplies, and accessories required to compete in sports or for leisure activities. Major examples of leisure equipment are fitness items, camping gear, bicycles, gardening tools, and musical instruments. Today, people use sports as a way to express themselves to make fashion statements in order to influence general public and engage in social activities. However, the main advantage of sports is the health benefits that it provides. A large number of athletes from all over the world are drawn to national and international events each year, which is quickly increasing demand for sports and leisure equipment. Given the growing preference of customers, athletes, and gym staff for individualized sports and leisure items, players are rapidly concentrating on product development to meet the needs and expectations of consumers.
Owing to increasing participation in various sports and rising consumer awareness regarding health and fitness, the market for sports & leisure goods in the United States has seen tremendous expansion over the past several years. Another important factor fueling the market’s expansion is the emergence of e-commerce. However, because of rising demand in the nation, the price of a lot of sports equipment, including ball sports, adventure sports, summer sports, winter sports, and other sports equipment, is rising. The market is being driven by this escalating demand, which is expected to create chances for market expansion in the years to come. Other sporting goods include indoor and outdoor games such as bowling, wheel sports, and pogo sticks. The market is expected to be driven during the approaching years by the rising demand for these different types of sports equipment in numerous locations. As a result, major manufacturers are creating more innovative sports equipment products for their numerous customers.
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The United States sports & leisure goods market is segmented on the basis of product type, distribution channel, and region.
Based on product type, the market is segmented into golf equipment, fitness sports equipment, adventure sports equipment, ball sports equipment, and others. Among these, the fitness sports equipment segment holds the leading share in the market during the forecast period owing to rising product manufacturers, online sales channel, and specialty stress focusing on innovative, stylish, and multifunctional fitness goods.
Based on distribution channels, the market is segmented into supermarkets/hypermarkets, specialty stores, local sports shops, online, and others. Among these, the online segment is the fastest growing segment in the market during the forecast period. Owing to their extensive search capabilities, numerous filters, and straightforward product categorization, online retail businesses allow customers to browse a wide selection of products and assist in product purchases. Additional elements driving up the popularity of online retail businesses and websites include the accessibility of a variety of discounts and offers, and simple access to product information. Over the course of the forecast period, these crucial variables are anticipated to have a substantial impact on the segment’s revenue growth.
Based on region, the market is segmented into South, West, Mid-West, North-East. Among these, the Mid-West region holds the leading share in the market during the forecast period owing to the increasing the availability of sports & leisure goods on various e-commerce and retail stores in the region, which is driving the demand for the sports & leisure goods market in the US.
Major operating companies operating in the United States Sports & Leisure Goods Market are:
- Under Armour, Inc.
- Nike, Inc.
- Everlast Worldwide, Inc.
- Wilson Sporting Goods
- Franklin Sports, Inc.
- Cabela’s, Inc.
- Callaway Golf, Co.
- Dunlop Sports Group Americas, Inc.
- New Balance Athletics, Inc.
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“The industry is anticipated to be driven during the forecast period owing to a rise in public awareness of health and fitness. One of the main causes of this increase is the desire for a healthier lifestyle and better living. It has therefore increased the market potential for sporting and recreational equipment. Sports equipment and items used for pleasure and leisure have seen increase in response because of rising interest in physical and overall wellness. Products that are specifically designed to satisfy the needs and expectations of potential customers, athletes, and gym staff are now in demand. Due to this, top market vendors now place a strong emphasis on creating products and equipment for sports and leisure that are specifically tailored to the needs of the consumer,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
United States Sports & Leisure Goods Market By Product Type (Golf Equipment, Fitness Sports Equipment, Adventure Sports Equipment, Ball Sports Equipment, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Local Sports Shops, Online, and Others), By Region, By Company, Forecast & Opportunities, 2018-2028, has evaluated the future growth potential of US sports & leisure goods market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the sports & leisure goods market in United States.
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