Sport
Sports Equipment and Apparel Market in Europe to Reach 172.31 Bn by 2025 at 5.5% CAGR: AMR
Based on product types, the sports equipment segment accounted for more than half of the overall market share in 2017 and would retain its dominance through 2025. The same would achieve the fastest CAGR of 5.8% during the study period. Growing awareness of general health and fitness is one of the key factors that fuels the growth of the market. In addition, the development in materials used for manufacturing of sports equipment is helping to enhance product performance, thereby boosting the adoption rate of sports equipment.
Based on retailers, the independent stores sector captured nearly three-fourth of the total market share in 2017 and is likely to continue its revenue lead through 2025. Rise in expenditure on sports training and development for children, owing to growing awareness of the benefits of engaging in sports activity such as increased concentration and problem-solving ability fuels the demand for sports equipment and apparel. However, the brand outlets segment would grow at the fastest CAGR of 6.2% from 2018 to 2025.
The market in Italy is projected to grow at the highest CAGR of 6.1% during the forecast period, 2018-2025. Growth in population adopting healthier lifestyle spurs the growth of the market. However, the rest of Europe segment garnered nearly two-fifth of the market share and is expected to maintain its revenue lead through 2025.
Leading market players analyzed in the research include Adidas AG (ADIDAS), Amer Sports Corporation, Asics Corporation, Fila Korea Ltd., New Balance, Nike, Inc., Puma Se (Kering), Sports Direct International Plc, Under Armour, Inc, and VF Corporation (VFC).
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