Global Sports and Leisure Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz, in its upcoming report titled, “Global Sports and Leisure Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global sports and leisure equipment market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global sports and leisure equipment market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global sports and leisure equipment market has been segmented on the basis of sport, end user, distribution channel, and region.

Leisure sports are connected to the quality of life, that includes areas such as physic, psychic, social, material, structural and professional.  These areas are beneficial from leisure sports activities, directly or indirectly. With the trending adoption of five-day work week around the globe, professionals have started enjoying leisure activities. Activities that people are involved in for entertainment and pleasure is referred as leisure activities.

The major factors driving the global sports and leisure equipment market are rising consumer awareness towards health and fitness, increasing participation in sports activities and increasing obese population. Various sports club organizations are formed. Leisure activities in these clubs are voluntary, created with the purpose of participating in sports activities. In addition, increasing demand of light-weight sports equipment which is portable, help consumers gain high performance are contributing to the factors.  Highly potential customers such as athletes, and gym personnel now demand for products that are suitable to their needs. Considering this, major market players provide customized sports and leisure equipment that meet customer requirements. Sports and leisure equipment market covers a wide range needs dealing with health & fitness, leisure and recreational purposes. As many people enjoy leisure and do not perform physical activities in their day to day lives, sports have become the way to keep body healthy and fit. Besides providing health benefits sports, are now perceived as an outlet for fashion statement, personal accomplishments, and medium of social engagement.

The sports and leisure activities has become a trend around the globe. It is also being adopted in a wide range of industries. Every organization wants their employee to be fit and enjoy their work hence, there are different kinds of activities organized to keep them motivated and even the equipment’s are available in the premises for daily relaxation. Also, there are events organized, especially during weekends for a cause which attracts people to participate. It can be a potential opportunity for market players over the forecast period. Mergers and acquisition activities is being driven by a various factor such as to procure new technologies, capture growth opportunities in developed and emerging markets and expand into new product categories. Companies are coming up with advanced technologies to provide users with the ability to map, record and share their workouts, solutions for how athletes train and perform. Niche players are primarily focused on strong marketing and distribution activities to increase scale and drive higher margins.

The global sports and equipment market report has been segmented on the basis of type of sport, end user, distribution channel and region. On the basis of region, the global Sports and leisure equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Currently, the North America market dominates the sports and leisure equipment market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for equipment are expected to boost growth of the sports and leisure equipment market. 

Global Sports and Leisure Equipment Market Segmentation:

Segmentation on the basis of sport:

• Team Sport
• Outdoor Sport
• Recreation and Exercise

Segmentation on the basis of end user:

• Home Consumer
• Health Clubs/Gyms

Segmentation on the basis of distribution channel:

• Sport Shop
• Department and Discount Stores
• Online Retail

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa