US $119.22 Billion Sports Equipment and Apparel Market to 2027: Analysis by Product Type, Sports Type, Distribution Channel, End-User and Application – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “US Sports Equipment and Apparel Market (2022-2027) by Product Type, Sports Type, Distribution Channel, End-User, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering. The US Sports Equipment and Apparel Market is estimated to be USD 119.22 Bn in […]

DUBLIN–(BUSINESS WIRE)–The “US Sports Equipment and Apparel Market (2022-2027) by Product Type, Sports Type, Distribution Channel, End-User, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The US Sports Equipment and Apparel Market is estimated to be USD 119.22 Bn in 2022 and is expected to reach USD 173.96 Bn by 2027, growing at a CAGR of 7.85{46a5dbe3b313062b60615a4be94978cac8b0a571aad1167d6aaed019402c7214}.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the US Sports Equipment and Apparel Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

  • The US Sports Equipment and Apparel Market is segmented based on Product Type, Sports Type, Distribution Channel, End-User, and Application.
  • Product Type, the market is classified into Equipment.and Apparel and shoes.
  • Sports Type, the market is classified into Bike, Outdoor, Tennis, Running, Fitness Equipment, Football Soccer, Winter Sports, Water Sports, Others.
  • Distribution Channel, the market is classified into Online, Offline.
  • End-User, the market is classified into Men, Women, Children.
  • Application, the market is classified into Academy, Training Centres, and Others

Companies Mentioned

  • Adidas AG
  • Academy Sports + Outdoors
  • Amer Sports
  • Asics
  • Bass Pro Shops
  • Callaway Golf Company
  • Decathlon
  • Dick’s Sporting Goods
  • Escalade Inc.
  • Fanatics, Inc.
  • Fila Holdings Corp.
  • Frasers Group plc
  • GAP INC.
  • Gray-Nicolls
  • Gunn & Moore
  • Kappa
  • Lululemon Athletica
  • Mizuno Corporation
  • New Balance
  • Nike, Inc.
  • Puma SE
  • Recreational Equipment, Inc.
  • Reebok International Limited
  • Sumitomo Rubber Industries Limited
  • Under Armour, Inc.
  • Wilson & Company, Inc
  • Yonex Co., Ltd

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Sports Equipment and Apparel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses US Sports Equipment and Apparel Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

  • Increase in Sports and Fitness Awareness
  • Public and Private Initiatives Towards Sports Activities and Events
  • Use of Sports Protection Equipment in Lowering the Magnitude of Injury
  • Increasing Trend for Rental Sports Equipment and Apparel
  • Rapid Growth of the Online Retail Platform

Restraints

  • Increase in Proclivity of Kids in Indoor Leisure Activities
  • High Pricing of Equipment

Opportunities

  • Need for Continued Development of Trendy Apparel
  • Increase in The Average Life Span of a Smartphone
  • Technological Advancement in Sports Equipment

Challenges

  • Rise in Terrorism and Political Influence on Sports Events

For more information about this report visit https://www.researchandmarkets.com/r/jsp9ql

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