The overall sport industry continues to expand in leaps and bounds, as more number of individuals engage in sporting activities. A positive outlook towards sports in laying the foundation for a healthier lifestyle has been driving the popularity of various sports. People are increasingly participating in recreational activities or taking up sports that involve intensive physical activity in order to live a healthy life and maintain body fitness. Therefore, sports continue to gain prominence as an active and passive source of entertainment across the globe. This, in turn, is making a positive influence on the demand for sport accessories. Over the years, consumer spending on sportswear and accessories has escalated, which is encouraging brands to come up with new and innovative products. Factors as such are expected to reflect favorably on the future prospects of the global sports accessories market. Moreover, higher focus on integration of technology as well as quick adaption to changing trends is also expected to benefit the market in the forthcoming years. Global sales of sport accessories is also gaining traction owing to emergence of online retail platforms that are offering products at relatively low prices. In fact, many of the leading brands are entering the e-commerce domain to increase their online presence and maintain a competitive edge. Fact.MR’s recently published report projects that the global sport accessories market will surge at an above average CAGR between 2017 and 2022.
Sport accessories are used by individuals and sports personals for convenience while training or competing in sporting events. Head gear, hiking jacket, training accessories, boxing bag, water bottles, goggles or sunglasses, swimming accessories, gloves and bags are some of the commonly used sport accessories. Sport accessories also complement the functional clothing or sportswear, making an athlete look more stylish.
Market Taxonomy
|
Product Type |
Distribution Channel |
Price-Based |
Demographics |
|
Headgear |
Hypermarket/Supermarket |
Economy |
Men |
|
Goggles |
Departmental Stores |
Mid |
Women |
|
Hiking Jacket |
Online Retail |
Premium |
Kids |
|
Water Bottles |
Sport Stores |
Super-premium |
|
|
Gloves |
Others |
||
|
Training Accessories |
|||
|
Bags |
|||
|
Swimming Accessories |
|||
|
Boxing Bag |
|||
|
Others |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Europe to Spearhead the Global Sport Accessories Market
In terms of revenue, Europe is expected to dominate the global sport accessories market over the next couple of years. This is primarily owing to the high interest of individuals towards sports in the region. Moreover, rising number professional athletes in Europe is also driving the growth of the market in the region. The markets in North America and Asia-Pacific excluding Japan (APEJ) region are also projected register impressive growth during the forecast period.
Headgears to the Remain a Highly Sough-After Sport Accessory
On the basis of product type, demand for headgears will continue to gain traction throughout the assessment period. Currently, sales of the headgears represent close to 17% revenue share of the global market. Towards the end of 2022, around US$ 17,500 Mn worth headgears are projected to be sold across the globe.
Competition Tracking
Adidas AG, NIKE, Inc., PUMA SE, Wolverine World Wide, Inc., V.F. Corporation, New Balance, Inc., Apple, Inc., ASCIS Corporation, Everlast Worldwide, Inc., Under Armour, Inc. and Decathlon S.A are the key market participants profiled in Fact.MR’s report.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Many regional as well as domestic vendors in the global sport accessories market are emphasizing on the provision of application-specific products. However, new entrants are finding it difficult to compete with established players, when it comes to reliability, credibility, and product quality. The report, compiled by Fact.MR, provides in-depth analysis of the global sport accessories market for the forecast period 2017-2022, and offers key insights about future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global sport accessories market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sport accessories manufacturers, stakeholders, and suppliers in the global sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
Summary
The report commences with a brief information of the global sport accessories market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global sport accessories market.
Overview
The next section offers an overview of the sport accessories market. This comprises an introduction to the market, along with a standard definition of the product – sport accessories. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global sport accessories market, the report provides updates about market opportunities, which can benefit leading manufacturers of sport accessories. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for sport accessories manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global sport accessories market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The sport accessories market has been categorized on the basis of product type, price-based, distribution channel, demographics and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global sport accessories market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global sport accessories market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Sport Accessories Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022