The market size for sports equipment and apparel in Europe is expected to reach a valuation of around US$172,315 million by 2025

The sports equipment and apparel market in Europe is segmented by product type, retailers and country, according to a new report.

The increasing popularity of sporting events originating in Europe is a major contributor to the growth of the sports equipment and apparel market.”

— Shankar Bhandalkar

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, Sept. 17, 2022 /EINPresswire.com/ — According to a new report from Allied Market Research titled, “Europe Sports Equipment and Apparel Market by Activity: Opportunity Analysis and Industry Forecast , 2018 – 2025”, the report provides a detailed analysis of top investment bags, top winning strategies, drivers and opportunities, market size and estimates, competitive landscape and changing market trends.

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The size of the European sports equipment and apparel market was estimated at US$115,709 million in 2017 and is projected to reach US$172,315 million by 2025, growing at a CAGR of 5.5% from 2018 to 2025. Germany dominated the European market for sports equipment and apparel in 2017. with a 19.7% share of total sales.

Sports equipment is a utility device or tool that is useful for participating in sports activities. Similarly, sportswear is useful for enhancing athletic performance with the comfort required. However, consumers actively wear sportswear outside of sports hours. This report is an in-depth study of the sports equipment and apparel market used for various types of sports activities. On the basis of Outdoor Activities, the market is segmented into Hiking; winter and water sports; team games such as soccer, volleyball and basketball; and racquet sports such as tennis, squash and others.

Increasing consumer health awareness and rapid growth in per capita disposable income are expected to boost demand for sports equipment and apparel. Furthermore, increasing demand for sportswear among young sports enthusiasts and advances in sports equipment formulation are driving the growth of Europe’s sports equipment and apparel market. However, the decline in the participation of the young generation in sports activities is hampering the market growth. In addition, increasing consumer interest in non-sports leisure activities, such as movies, music concerts, virtual games and others, is restraining the growth of Europe’s sports equipment and apparel market.

The governments of European countries are constantly in the process of designing and implementing effective and timely health programs. Developing countries show a clearly growing trend of health offers in all sectors. Allowances linked to employee fitness are expected to increase in the future.

Based on region, European Sports Equipment & Apparel Market is analyzed in Germany, France, UK, Italy, Spain and Rest of Europe. In Germany, the penetration of sports equipment and apparel is high, due to the upsurge in state, national and international level competitions held by various governments across the European region, they increase participation and develop youth interest in sporting activities . This in turn has led to an increased demand for sports equipment and apparel, which contributes significantly to the overall growth of the European sports equipment and apparel market.

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Major leading players in European sports equipment and apparel industry include Adidas AG (ADIDAS), Amer Sports Corporation, Asics Corporation, Fila Korea Ltd, New Balance, Nike, Inc, Puma Se (Kering), Sports Direct International Plc, Under Armour, Inc. and VF Corporation (VFC).

Key benefits for the European sports equipment and apparel market:

○ This study presents the analysis of European Sports Equipment & Apparel market along with the global European Sports Equipment & Apparel market trends and future estimates to determine the upcoming investment pockets.
○ A detailed analysis of the European sports equipment and apparel market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.
○ Europe Sports Equipment & Apparel Market Forecast provides information on the major drivers, restraints and opportunities.
○ The current trends of the European sports equipment and apparel industry are analyzed quantitatively from 2018 to 2025 to highlight the financial competence of the growth of the European sports equipment and apparel industry.
○ Porter’s Five Forces Analysis illustrates the strength of buyers and suppliers in the European sports equipment and apparel industry.

Reason for purchase:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global European Sports Equipment and Apparel Market.
○ Highlights key business priorities to guide companies to reform their business strategies and establish themselves in the wider region.
○ Key findings and recommendations highlight crucial progressive industry trends in the Europe Sports Equipment And Apparel Market, thereby allowing players to develop effective long term strategies to garner their market revenues.
○ Develop/modify business expansion plans by leveraging significant growth offerings in both developed and emerging markets.
○ Examine in-depth global market trends and outlook associated with the factors driving the market as well as those restraining the growth to some extent.
○ Improve the decision-making process by understanding the strategies driving commercial interest in terms of products, segmentation and industry verticals.

Related reports:

The European events market is expected to reach $123.9 billion by 2030
E-commerce Home Fitness Products Market in Europe is expected to increase by 2027

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.

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