Growing health awareness and rise in fitness conscious consumers are boosting the growth of global sports market. In addition to that, a rise in disposable global income along with increased female participation in sports and fitness activities are further proving to be the major growth factors. Global sports market can be segmented into sports equipment, clothing, footwear and nutrition products.
The global sports equipment market is expected to grow due to increasing participation in sports or health activities coupled with product improvements through research and development (R&D) activities and adoption of new technologies. The rising demand for lightweight sports equipment has led to the emergence of carbon fibre as a popular replacement for traditional wood, steel and other metals. The global sports equipment market is categorized on the basis of product into ball sports, golf, adventure sports, winter sports, fitness, and other sports equipment. The ball sports segment dominates the global sports market.
Sportswear, also known as sports apparel, are specifically designed for people engaged in sports activities. They are lightweight and have thermal insulation properties. The modern day sportswear are adopting high-tech fabrics which allows perspiration to evaporate by letting them out while blocking the wind and rain. T-shirts, hoodies, shorts and tracksuits are some typical sportswear. The global sportswear market is segmented into men, women and kids. The men segment holds the largest market share in terms of revenue, followed by women and kids segment. The global sports apparel market is driven by changing consumer preferences towards comfortable and durable clothing; increased functionality of sportswear; and innovative and creative advertising & brand positioning.
In sports footwear market, insert shoe segment holds the highest market share, owing to athleisure footwear which is gaining more popularity. Insert shoe segment further divides into aerobic shoes, running shoes, walking shoes and athleisure footwear. Apart from insert shoes, the other segments of sports footwear market are sport or cross training, hiking and backpacking boots.
ASDReport.com offers an extensive repository of reports on sports market. The reports cover various sports products like, golf equipment, sports and fitness wear, badminton equipment and much more.