The global sports equipment market is expected to expand at a Compound Annual Growth Rate of 3% from '14 to '20, to reach $81.8B by '20, according to Persistence Market Research's "Global Market Study on Sports Equipment: Ball Sports to be the largest segment by 2020" study. The global sports equipment market was valued at $66.5M in '13. Increasing participation in sports activities, growing consumer awareness about health and fitness, and emergence of e-commerce are some of the key drivers of the growth of the sports equipment market. However, increasing availability of counterfeit products and rising prices of sports equipment are restraining the growth of this market to some extent. The global sports equipment market consists of equipment for ball sports, adventure sports, fitness, golf, winter sports, and others sports, including archery, billiards, bowling, wheel sports, pogo sticks, and indoor games. The ball sports equipment segment is expected to be the market’s most lucrative during the forecast period. This segment is expected to account for an approximately 26.6% share in the global sports equipment market in '20. North America holds the largest market share for sports equipment,
followed by Europe and Asia Pacific. Developed markets in the U.S. and
European countries dominate the sports equipment market. Demand for sports equipment in the developing economies of Asia Pacific
is expected to show high growth prospects during the forecast period.
Countries such as Japan, China, India, and Australia are witnessing
rapid economic growth, which, in turn, is further expected to drive the
sports equipment market in this region (Persistence Market Research).
