Lucintel Forecasts the Global Retail Sporting Goods Market to Reach $1,118 Million by 2030
Lucintel Forecasts the Global Retail Sporting Goods Market to Reach $1,118 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global retail sporting goods market looks promising with opportunities in the men, women, and children applications. The global retail sporting goods market is expected to reach an estimated $1,118 million by 2030 from $578 million in 2023 at a CAGR of 10% from 2023 to 2030. The major drivers for this market are the rise of health awareness, increase in disposable income, technological advancements, and e-commerce growth.
Browse 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunity and forecast in global retail sporting goods market to 2030 by application (men, women, children), type (athletic apparel, athletic footwear, sports equipment), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that men will remain the largest application industry over the forecast period due to more traditional sports participation, increased sportswear expenditure and longer history of focused marketing activities with targeted sales. Women are the fastest growing segment in the global retail sporting goods market because of an increase in sports participation, a greater emphasis on women’s health, widening product lines and the growing influence of female athletes and celebrities.
Athletic apparel is the largest type of product due to wider use beyond sports, strong brand presence, fashion trends, and growing athleisure trend that combines athletic and leisure wear.
North America is expected to remain the largest region by value and volume due to established infrastructure, a strong sports culture, high consumer spending and high sports and fitness activities participation rate.
Adidas, Dick’s, Foot Locker, Nike, Puma are the major suppliers in the retail sporting goods market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056