Sporting Goods Market size was valued at USD 577.62 Billion in 2024 and is projected to reach USD 1316.06 Billion by 2031, growing at a CAGR of 11.96% during the forecasted period 2024 to 2031.

The sporting goods market is driven by factors such as rising awareness of health and fitness, increased participation in sports and outdoor activities, and growing urbanization. Technological advancements, including smart sports equipment and wearables, are enhancing user experience and driving demand. Additionally, the shift towards e-commerce and digital retail channels has made sporting goods more accessible, particularly among younger consumers who value convenience. The influence of social media and fitness influencers further fuels demand as consumers seek high-quality, stylish, and sustainable products. Government initiatives promoting physical activities and fitness also play a critical role in propelling market growth.

The sporting goods market size was valued at USD 758.33 billion in 2024 and is set to exceed USD 2.24 trillion by 2037, expanding at over 8.7% CAGR during the forecast period i.e., between 2025-2037. North America industry is anticipated to hold largest revenue share of 35% by 2037, due to its vast population and affluent status.

The North America sporting goods market is registering a valuation of US$ 148.75 billion in 2023 and is estimated to reach US$ 336.32 billion by 2033. The market is securing a CAGR of 8.5% during the forecast period.

Scope of Report

The global revenue in the 'Sports Equipment' segment of the toys & hobby market was forecast to continuously increase between 2025 and 2029 by in total 44.3 billion U.S. dollars (+24.3 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 226.59 billion U.S. dollars and therefore a new peak in 2029. Find more information concerning the United States and Mexico. The Statista Market Insights cover a broad range of additional markets.

Global Sporting And Athletic Goods Market to hit USD 182.57B by 2029 growing at 5.8% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

U.S. ATHLETIC & sporting goods market valued USD 35.5 Billion in 2024 and is projected to surpass USD 60.1 Billion through 2032

The shipment value of sporting goods in Japan was forecasted to amount to around 1.7 trillion Japanese yen in 2024, representing a continuous increase from when the shipment value slumped to around 1.4 trillion yen due to the social distancing measures following the COVID-19 pandemic. If the forecast for 2023 stays accurate, sporting shoes will make up the largest share of the market size, with about 21.1 percent.

Expert industry market research on the Sporting Goods Stores in the US (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The Sports and Leisure Equipment Market is segmented by Type (Ball Sports Equipment, Fitness Equipment Market, Adventure Sports Equipment, Golf Equipment, and Other Types), Distribution Channel (Supermarket/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and values in (USD million) during the forecasted years for the above segments.

Graph and download economic data for Producer Price Index by Industry: Sporting Goods Retailers (PCU451110451110) from Jun 2000 to Feb 2025 about sport, goods, PPI, industry, inflation, price index, indexes, price, and USA.

In 2022, sporting goods store sales in the United States amounted to about 63.4 billion U.S. dollars; a considerable jump compared to previous years, but a slight drop compared to 2021.

Athletic apparel market The global sportswear market is a lucrative one, and is set to grow with each consecutive year. Nike and adidas are, by some margin, the leading companies in the sportswear industry worldwide. Other big companies that operate in this market include Puma, lululemon, and Under Armour. Not only is Nike one of the most prominent producers within the athletic apparel market worldwide, but the company also holds the honor of being ranked the world's leading apparel brand in general.

Athletic footwear market In the United States alone, athletic footwear generates billions of U.S. dollars each year, making it a vital segment for this industry. Demonstrating its dominance within this sector once again, Nike was the global leader with more revenue from footwear than adidas and Puma combined.

According to Cognitive Market Research, the global retail sports equipment market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% 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 XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% 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 XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The children category is the fastest growing segment of the retail sports equipment industry

Market Dynamics of Retail Sports Equipment Market

Key Drivers for Retail Sports Equipment Market

A Greater Emphasis on Fitness and Wellness to Boost Market Growth

The retail sports equipment business is being greatly boosted by the increased focus on wellness and fitness. Sports equipment, exercise equipment, and associated accessories are in high demand as more individuals choose healthier lifestyles. This expansion has been driven by a number of factors, including growing health consciousness, the popularity of at-home workouts, and an increase in outdoor and recreational activity involvement. Additionally, wearable technologies, fitness competitions, and social media have also encouraged people to spend money on high-quality sporting goods. Moreover, government programs that encourage physical activity and wellness activities around the world further promote this market growth. For instance, Wellpoint is working with Charlie Coyle of the Boston Bruins and Franklin Sports. This company makes sports equipment to teach kids about how playing sports can improve their mental health by helping them make friends, learn how to work as a team and boost their self-esteem. Wellpoint, Franklin Sports, and Coyle held a skate event for kids. They also gave $15,000 in Franklin Sports gift cards to 15 towns in Massachusetts so they could buy sports equipment for kids.

Rising Interest in Sports Activities to Drive Market Growth

One of the main factors propelling market expansion in the retail sports equipment industry is the growing interest in sports. More people are participating in team sports, cycling, and jogging as a result of growing knowledge of the positive effects sports have on both physical and mental health. Additionally, this trend has also been influenced by international events like the Olympics as well as neighborhood and school initiatives that encourage sports involvement. The demand for retail sports equipment has also increased due to the popularity of adventure sports and leisure activities, opening up new avenues for producers and retailers to meet the varied needs of their clientele.

Restraint Factor for the Retail Sports Equipment Market

High Cost of Equipment Will Limit Market Growth

Impact of Covid-19 on the Retail Sports Equipment Market

The retail sports equipment industry was greatly impacted by the COVID-19 pandemic. Lockdowns decreased in-store sales and upset supply chains. However, the popularity of outdoor activities and at-home workouts raised demand for recreational sports equipment and fitness equipment. During the pandemic, consumers placed a higher priority on their health and well-being, which increased online sales of sports equipment. Even while the market for professional sports equipment declined, the rise in popularity of at-home workout programs changed the market and hastened the transition to online shopping. Introduction of the Retail Sports Equipment Market

Retail sports equipment describes the goods and equipment that are offered for sale to customers for recreational, sports, and fitness purposes. These include equipment for both amateur and professional users, such as balls, rackets, clothing, protective gear...

Worldwide sports equipment market size was valued $220.57 billion in 2022 and is expected to rise to $337.73 billion by 2030 at a CAGR of 5.47%.

The U.S. Ball Sports Goods Market is valued at USD 3.35 billion, driven by a steady increase in youth sports participation and a rising focus on physical fitness.

Over the last two observations, the revenue is forecast to significantly increase in all segments. Upon closer observation, the relatively weak increase of the segment Racket Sports Equipment stands out explicitly. the revenue in this segment experiences visibly smaller growth compared to the average, with a value of 0.12 billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of revenue in Russia and a comparison of revenue share by device type in Russia. The Statista Market Insights cover a broad range of additional markets.

Global Sporting Goods market size 2025 was XX Million. Sporting Goods Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Indian sports and fitness goods market size reached USD 2,365 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,851 Million by 2033, exhibiting a growth rate (CAGR) of 5.6% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian sports and fitness goods market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on product type, fitness goods, cardiovascular training goods and end-use.

The North America sporting goods market reached approximately USD 1.43 Billion in 2024. The market is projected to grow at a CAGR of 8.60% between 2025 and 2034, reaching a value of around USD 3.26 Billion by 2034.

The revenue of the sporting and athletic goods market in the U.S. amounted to $8.5B in 2018, surging by 5.1% against the p...

China Value Added of Sport Industry: Sport Service Industry: Sales, Rental and Trade Agency of Sporting Goods and Related Products data was reported at 311.900 RMB bn in 2022. This records an increase from the previous number of 295.500 RMB bn for 2021. China Value Added of Sport Industry: Sport Service Industry: Sales, Rental and Trade Agency of Sporting Goods and Related Products data is updated yearly, averaging 257.400 RMB bn from Dec 2016 (Median) to 2022, with 7 observations. The data reached an all-time high of 311.900 RMB bn in 2022 and a record low of 213.870 RMB bn in 2016. China Value Added of Sport Industry: Sport Service Industry: Sales, Rental and Trade Agency of Sporting Goods and Related Products data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AVA: Value Added of Sport Industry.