The global sports industry revenue was forecast to grow in the coming years. In 2022, the industry’s revenue amounted to over 403 billion U.S. dollars and was expected to grow at a compound annual growth rate of 9.13 percent between 2022 and 2028. By 2028, the global sports market was expected to be worth over 680 billion U.S. dollars. This massive industry includes the people, activities, and organizations that are involved with producing, facilitating, or organizing sports activities.

How big is the global sports betting and lottery market?

In 2022, the market size of the sports betting and lottery sector worldwide was valued at around 235.46 billion U.S. dollars. This figure showed a decrease from the previous year's total of 242.82 billion and by 2023, the market was forecast to reach 242 billion. Sports betting is a type of gambling that refers to the activity of placing a wager on the outcome of a sporting event. Events on which wagers are made could be anything from more traditional activities like horse or dog racing, to sports such as soccer and American football.

How big is the global youth sports market?

The youth sports market is a big industry, ranging from organized sports leagues to recreational activities. In 2022, the global market for youth sports was estimated at 37.5 billion U.S. dollars. The market was forecast to increase at a compound annual growth rate of 9.2 percent and reach 69.4 billion U.S. dollars in 2030. Youth sports do not necessarily take place within the education system; however, many competitors involved with youth sports are generally at a primary or secondary level of education and participate in school-organized sport programs.

Explore the Sports Market trends! Covers key players, growth rate 5.8% CAGR, market size $635.42 Billion, and forecasts to 2034. Get insights now!

In 2018, the United States accounted for a 32.5 percent share of the global sports market. China represented 12.7 percent of market. The global sports market was valued at approximately 471 billion U.S. dollars that year.

Global sports market size is expected at $862,585.5 million by 2033 at a growth rate of 5.8%.

In 2018, apparel was the largest product category within the global sports market, accounting for 155.2 billion U.S. dollars. That figure was forecast to increase to 213.3 billion U.S. dollars. The global sports market was valued at approximately 471 billion U.S. dollars in 2018.

The global sports analytics market was expected to achieve a compound annual growth rate of over 20 percent between 2022 and 2031. While the market size was estimated at almost 3.2 billion U.S. dollars in 2022, this is forecast to reach almost 16.5 billion U.S. dollars by 2031.

Explore the Participatory Sports Market trends! Covers key players, growth rate 5.5% CAGR, market size $392.77 Billion, and forecasts to 2034. Get insights now!

In 2020, the sporting good market in the United States was estimated to be worth around 136.8 billion euros. In comparison, the market in the United Kingdom was valued at 13.2 billion euros.

Sports Equipment And Apparel Market size was valued at USD 516.32 Million in 2023 and is projected to reach USD 828.45 Million by 2031 growing at a CAGR of 6.14% during the forecast period 2024-2031.

Global Sports Equipment and Apparel Executive Summary

Sports equipment and apparels are designed to support and enhance athletic activities across various sports and fitness activities. This product category caters to both professional athletes and recreational enthusiasts, offering functional and performance-driven solutions to aid in their training, competition, and leisure pursuits. Sports equipment includes a variety of items such as balls, bats, rackets, clubs, sticks, nets, goalposts, protective gear, and fitness accessories. Each type of equipment serves a distinct purpose tailored to the specific requirements of different sports disciplines.

For instance, balls are fundamental to sports like soccer, basketball, volleyball, and tennis, while bats and rackets are essential in sports such as baseball, cricket, tennis, and badminton, respectively. Protective gear, including helmets, pads, goggles, and gloves, plays a critical role in minimizing injury risks for athletes engaged in contact sports like football, hockey, and rugby. Fitness accessories like weights, resistance bands, exercise mats, and wearable technology devices are utilized for strength training, conditioning, and performance tracking in fitness routines.

The Sports Team and Clubs Market is Segmented by Sports (Basketball, Football, Badminton, Cricket, and Others), By Revenue Source (Media Rights, Merchandising, Tickets, and Sponsorship) By Geography (Asia-Pacific, North America, Latin America, Europe, Middle East and Africa, and Rest of the world). The report offers market size and forecasts for the Global Sports Team & Clubs Market in value (USD) for all the above segments.

The size and share of the market is categorized based on Type (Soccer, Basketball, Swimming, Baseball, Others) and Application (Household, Commercial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The global sports nutrition market size reached USD 58.72 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 104.65 Billion by 2033, exhibiting a growth rate (CAGR) of 6.58% during 2025-2033. The market is experiencing moderate growth driven by rising focus on health and fitness lifestyles, increasing awareness about the importance of protein intake and supplementation for muscle recovery and overall performance, and rapid expansion of e-commerce platforms and online retail channels.

The youth sports market is a big industry, ranging from organized sports leagues to recreational activities. The global market for youth sports was estimated at 37.5 billion U.S. dollars in 2022 and was forecast to increase at a compound annual growth rate of 9.2 percent until 2030.

Sports Management Software Market size was valued at USD 8.27 Billion in 2023 and is projected to reach USD 17.95 Billion by 2030, growing at a CAGR of 14.1% during the forecast period 2024-2030.

Global Sports Management Software Market Drivers

The market drivers for the Sports Management Software Market can be influenced by various factors. These may include:

Increasing Digitization in the Sports Sector: Digital solutions are being adopted by the sports sector for a number of purposes, such as scheduling, ticketing, athlete management, and fan interaction.
Efficiency and Streamlined Operations: To increase efficiency, boost performance, and streamline operations, sports leagues, clubs, and organizations are implementing management software.
Growing Need for Data Analytics: Sports organizations are realizing the value of data analytics in analyzing player performance, refining tactics, and making data-driven choices. Analytics technologies are frequently integrated into sports management software to offer insightful data.
Turn to Cloud-Based Solutions: Compared to conventional on-premises systems, cloud-based sports management software solutions offer scalability, flexibility, and cost-effectiveness. The industry is expanding as a result of the increasing use of cloud computing.
Growth of Amateur and Grassroots Sports: Schools, community groups, and amateur sports clubs are finding more and more need for sports management software as a result of the growing involvement in amateur and grassroots sports.
Technological Developments: Sports management software is becoming more sophisticated and efficient thanks to developments in artificial intelligence (AI), machine learning (ML), virtual reality (VR), and the Internet of Things (IoT).
Globalization of Sports: As sports have become more international, there has been a demand for centralized management systems that can coordinate activities across time zones, geographical boundaries, and linguistic barriers. This demand has fueled the growth of sports management software.
Governance and Regulatory Compliance: Sports organizations are coming under more and more pressure to adhere to governance requirements. Software for managing governance standards, compliance, and regulations is frequently included in sports management software.
COVID-19 Pandemic: As a result of the pandemic’s limits on live events, the sports industry has adopted digital solutions at a faster rate. For the management of online fan interaction, remote training, and virtual events, sports management software has become indispensable.

According to Cognitive Market Research, the global Sports Agency Service market size is USD 3681.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1442.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1104.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 846.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 184.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 73.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The partnership enterprise held the highest sports agency service market revenue share in 2024.

Key Drivers of the Sports Agency Service Market

Rising Global Sports Industry to Increase the Demand Globally

The global sports sector is expanding at a rate never seen before, driven by rising revenue from various sports, attractive sponsorship deals, and rising viewership. This positive development highlights the increased need for professional management and representation in the industry, driving the creation of sports agencies. These organizations serve the changing demands of athletes and sports organizations and are essential in facilitating athlete endorsements, contract negotiations, and career advancement. The need for skilled sports management is becoming more and more apparent as the sector grows and diversifies, fueling the growth of specialist agencies to keep up with the needs of this changing environment.

Increased Athlete Earnings to Propel Market Growth

Athletes' salaries and endorsement deals are increasing. Therefore, it's critical to have competent financial management, legal counsel, and brand development. As a result, agencies have become essential organizations, offering a range of services catered to the requirements of athletes. These include devising strong marketing strategies, handling tricky legal situations, and strategically arranging finances. The appeal of full-service management provided by agencies has grown, drawing more athletes looking for professional advice on maximizing their income and protecting their rights. The function of agencies in maximizing athlete revenues and promoting long-term success has grown more crucial as the sports environment changes, securing their place as essential participants in the sports industry ecosystem.

Restraint Factors of Sports Agency Service Market

Regulatory Changes to Limit the Sales

Sports agencies must quickly adjust to changes in legislation, such as modifications to athlete transfer policies and sponsorship limitations, as these can pose serious compliance challenges. These changes could require agencies to reevaluate their approaches, keep up with changing regulatory requirements, and negotiate complex compliance environments to guarantee smooth operations for their clients. Agencies that are flexible and with strong legal and regulatory knowledge are essential in helping athletes navigate these changes, minimize risks, and make the most of opportunities in the ever-changing regulatory landscape. Agencies are essential to the sports industry's ability to maintain compliance, build resilience, and protect athletes' interests in the face of shifting regulatory dynamics.

Impact of Covid-19 on the Sports Agency Service Market

The sports agency services sector has experienced a significant influence from the COVID-19 epidemic, leading to problems and adjustments. Agencies must change course due to athletes experiencing disruptions in contracts, sponsorships, and endorsement arrangements due to postponed or canceled athletic events. Virtual interaction increased as agencies used digital platforms for client administration, negotiating, and brand promotion. However, tighter budgets and lower income from postponed events impacted agency profitability. Some agencies expand...

The report covers Global Sports Team Management Software Market Trends and it is segmented by deployment (on-Premises, cloud), application (event management and scheduling, marketing management, client management, other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The market size and forecasts are in terms of value (USD million) for all the above segments.

The size and share of the market is categorized based on Type (Cloud Based, On-Premise) and Application (Amateur, Professional) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Sports Agency Service Market Size By Service (Commission of Transfer Fee, Contract Negotiations), By Sports (Basketball, Baseball, Football and Soccer), By End-Users (Individuals and League/Teams), By Geographic Scope And Forecast

According to Cognitive Market Research, the global Youth Sports market size will be USD 38125.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 15250.08 million in 2024 and will rise at a compound annual growth rate (CAGR) of 7.9% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11437.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8768.80 million in 2024 and will rise at the compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1906.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 762.50 million in 2024 and will rise at the compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The camps & clinics category is the fastest growing segment of the Youth Sports industry

Market Dynamics of Youth Sport Market

Key Drivers for Youth Sport Market

Growing Awareness of Health and Fitness Among Youth to Boost Market Growth

Increasing awareness about the benefits of physical fitness and its impact on mental and physical health is a significant driver in the youth sports market. With more parents and educators understanding the role of physical activity in reducing stress, boosting cognitive abilities, and enhancing self-esteem, sports participation is being encouraged from a young age. Governments, schools, and organizations are creating programs that emphasize the importance of regular exercise, which has led to a rise in school sports activities, community leagues, and youth-focused fitness events. Additionally, the rise of online platforms promoting youth fitness, influenced by health-conscious social media trends, is motivating young individuals to participate in organized sports. This demand for active lifestyles is also fueled by the increasing prevalence of childhood obesity, prompting proactive health and fitness initiatives that support market growth by making youth sports more accessible and appealing.

Expansion of Sports Infrastructure and Accessible Programs to Drive Market Growth

Investment in sports infrastructure and development of accessible programs for youth is another primary driver in the youth sports market. Governments and private entities are funding the construction and improvement of sports facilities, ensuring that young athletes have safe, high-quality environments for training and competing. This includes building modern fields, courts, gymnasiums, and stadiums tailored for young sports enthusiasts. Moreover, many schools and community centers are expanding youth sports offerings to make them more affordable and inclusive, addressing barriers that once limited participation. Scholarships, free trials, and low-cost programs are making organized sports accessible to diverse socioeconomic groups, significantly expanding the market.

Restraint Factor for the Youth Sports Market

High Costs and Financial Constraints Will Limit Market Growth

The market for youth sports is significantly restrained by the high costs associated with participation. Expenses for equipment, training, transportation, and club fees can make youth sports unaffordable for many families. Financial constraints are particularly burdensome in competitive or specialized sports that require advanced gear, personal coaching, or travel for tournaments. These rising costs lead to disparities, with children from lower-income households having less access to organized sports, which not only limits market growth but also amplifies socioeconomic inequities. Consequently, this restraint affects participation rates, decreases the market size, and challenges organizations to find more affordable ways to operate while maintaining quality standards.

Impact of Covid-19 on the Youth Sport Market

COVID-19 had a significant impact on the youth sports market, disrupting activities worldwide due to lockdowns, restrictions, and concerns over virus transmission. Many youth sports leagues, clubs, and facilities were forced to shut dow...

The global sports betting market size reached USD 103.08 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 224.12 Billion by 2033, exhibiting a growth rate (CAGR) of 8.56% during 2025-2033. The market is propelled by the rising popularity of e-sports and competitive gaming, increasing adoption of advanced technologies such as virtual reality (VR) and AR, increasing demand for personalized and ergonomic gaming peripherals, rising penetration of internet and smartphones, and cultural enthusiasm among individuals.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on platform, betting type, and sports type.