The "Sporting and Athletic Goods Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global sporting and athletic goods market as it emerges from the COVID-19 shut down.
The global sporting and athletic goods market is expected to grow from $96.21 billion in 2020 to $110.33 billion in 2021 at a compound annual growth rate (CAGR) of 14.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $142.84 billion in 2025 at a CAGR of 7%.
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Asia Pacific was the largest region in the global sporting and athletic goods market, accounting for 48% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global sporting and athletic goods market. Africa was the smallest region in the global sporting and athletic goods market.
Additive manufacturing is growing as an important trend as the sports goods industry has become competitive. Additive manufacturing involves building three dimensional objects using digital models by successively adding multiple layers of material. The sports goods industry has fast-changing customer demands and requirements in product performance. Additive manufacturing enables the manufacturer to fulfil those demands by providing an efficient approach to rapid prototyping. Therefore, a manufacturer can produce a specific design depending upon the individual's prototype. In September 2019, GuardLab, a New York-based sports technology brand partnered with Bauer Hockey, an athletic equipment manufacturer to launch personalized 3D printed mouthguards.
The sporting and athletic goods manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Sporting and Athletic Goods Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Sporting and Athletic Goods Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Sporting and Athletic Goods Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Sporting and Athletic Goods Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Sporting and Athletic Goods Market Trends and Strategies
8. Impact of COVID-19 on Sporting and Athletic Goods
9. Sporting and Athletic Goods Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Sporting and Athletic Goods Market Regional Analysis
10.1. Global Sporting and Athletic Goods Market, 2020, by Region, Value ($ Billion)
10.2. Global Sporting and Athletic Goods Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Sporting and Athletic Goods Market, Growth and Market Share Comparison, by Region
11. Sporting and Athletic Goods Market Segmentation
11.1. Global Sporting and Athletic Goods Market, Segmentation by Type
11.2. Global Sporting and Athletic Goods Market, Segmentation by Distribution Channel
11.3. Global Sporting and Athletic Goods Market, Segmentation by Material
12. Sporting and Athletic Goods Market Metrics
12.1. Sporting and Athletic Goods Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Sporting and Athletic Goods Market Expenditure, 2015-2025, Global
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