The Global Sports & Leisure Equipment segment registered Market value of USD 271,727.22 Million in 2020
The indicator recorded a historical growth (CAGR) of 2.01% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
The Market value of Global Sports & Leisure Equipment Segment (2017 - 2024, USD Millions)
Global Sports & Leisure Equipment Segment
Sports equipment Includes ball sports equipment, adventure sports equipment, fishing equipment, golf equipment, racket sports equipment, winter sports equipment, specialist footwear, and all other sports-dedicated equipment. Gym equipment is included; however, Smart Watches and Nutrition supplements are not. It excludes all B2B sales made to sports associations and clubs.
The global sports equipment retail market experienced moderate growth during the historic period, with weaker growth recorded in 2020. The US is the largest sports goods market in 2020. The primary factors driving the sports equipment retail market are the country’s levels of sports participation and the financial power of end-users. When sports participation is high, then demand for sports equipment is high as well; however, due to the nature of the market, there comes a point where it becomes saturated and this is because consumers would already own sports equipment of some kind, making them unwilling to swap it for a new one. This is where consumers’ financial power comes into play, where consumers with high financial power would be more than willing to change their old sports equipment, such as old sports shoes for new ones or the next year’s edition, driving demand up. On the other hand, consumers with low financial power will hold on to their existing sports equipment for a longer period, offsetting that demand.
COVID-19 Impact
The 2020 global COVID-19 pandemic and accompanying lockdown measures have severely restricted sports participation both at the amateur and professional levels. In addition, sports facilities including gyms, health clubs, tennis courts, and golf courses have been closed. This significant curtailing of end-users of sports equipment (retail consumers) is likely to have a detrimental effect on this market in 2020. On the other hand, end-consumers who are not professional athletes still required exercise and the closure of gyms and discontinuation of team sports caused an increase in demand for home sports equipment and outdoor equipment, such as exercise bikes. A surge in home exercise equipment during the pandemic spearheaded an increase in market value during 2020 and offset a decline in sales from other sports categories.
Competitive landscape
The global sports retail market experienced healthy growth in 2020. The market consists of global sports brands Nike and Adidas, as well as large multinational specialist sports equipment and sportswear retailers including Decathlon, Intersport, and strong domestic brands such as Dick’s Sporting Goods. However, these companies still account for a relatively small percentage of the market value with leading players competing with other specialist sports equipment retailers, department stores, general retailers, sports brands and equipment manufacturers, and e-commerce companies such as Amazon. This highly fragmented market creates a highly competitive environment that is dynamic and brand-focused.
Market distribution
Other Specialist Retail form the leading distribution channel in the global sports equipment retail market.
Who are the leading players?
Decathlon S.A.
IIC-Intersport GmbH
Dick’s Sporting Goods, Inc.
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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