Portland, OR -- (SBWIRE) -- 07/10/2017 -- Sports industry is growing to be biggest in the world as more and more people are increasingly taking up sports and recreational activities in lieu of growing health awareness and stress management.

Sports has gained importance both as a passive and active source of entertainment. Consumers are progressively spending more on sportswear with a large share of the expense constituting of athleisure clothing and accessories. Sport in the 21st century is a market full of extremes. With markets throughout the world becoming increasingly more competitive, market research is now on the main agenda of marketing the sports goods and accessories.

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The global sports equipment and accessory market is growing robustly and is characterized by swift adoption of newer technologies and openness to changing trends. The industry is thriving immensely on e-commerce, which is a popular retail medium nowadays that also offers consumers the benefit to compare all the available brands of sports equipment. It is a one-stop shop for all sports accessories and equipment, which in turn enhances the salability in the global sports equipment market.

Sports equipment and accessories market is highly competitive owing to many established market players in retail, e-commerce, sports stores and wholesale and many new startups joining frequently. It also faces negative competition with counterfeit sporting equipment and accessories with cheaper low quality variants.

During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for athletic equipment. Additionally, the rising trend to follow the prominent sport players will drive the accessory business.

The report analyses the Sports equipment and accessory market on the basis of types of sports, types of distribution channels, and geography. Based on types of sports, the market is classified into Team Sports (Baseball & Softball, Basketball, Football, Hockey, Soccer), Outdoor Sports (Airsoft & Paintball, Camping & Hiking, Cycling, Fishing, Golf, Hunting, Water Sports), Recreation and Exercise (Bowling, Cardio Equipment, Fitness & Exercise, Mixed Martial Arts, Racquet Sports, Skateboarding, Swimming & Water Workouts, Weight Training & Home Gyms, Yoga, Pilates & Toning, Winter Sports. Sports equipment and accessory market work through four different channels such as Sports shop, Department and Discount Stores, Online retail and others. The market has further been analyzed across geographical regions namely North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Sports Equipment and Accessories Market Segmentation

The Sports Equipment and Accessories market is segmented on the basis of types of sports, distribution channels, and geography.

By Types of Sports

-Team Sports (Baseball & Softball, Basketball, Football, Hockey, Soccer)
Sports Equipment
Accessories
Others

-Outdoor Sports (Airsoft & Paintball, Camping & Hiking, Cycling, Fishing, Golf, Hunting, Water Sports, Winter Sports)

Sports Equipment
Accessories
Head gear
Goggles
Hiking jacket
Water bottles
Gloves
Knife
Binoculars

-Recreation and Exercise (Bowling, Cardio Equipment, Fitness & Exercise, Mixed Martial Arts, Racquet Sports, Skateboarding, Swimming & Water Workouts, Weight Training & Home Gyms, Yoga, Pilates & Toning)

Sports Equipment
Accessories
Swimming goggles
Gym mats
Gym belts
Boxing bag

By Types of Distribution Channel
-Sport shop
-Department and discount stores
-Online retail
-Others

By Geography
-North America
U.S.
Canada
Mexico
-Europe
Germany
France
Italy
UK
Rest of Europe
-Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
-LAMEA
Latin America
Middle-East
Africa

Key Players
-Nike,Inc
-Adidas AG
-Reebok International Ltd
-Puma SE
-Under Armour, Inc
-V.F. Corporation
-Everlast worldwide, Inc
-Wilson Sporting Goods
-New Balance
-Fila, Inc

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