News

Oct 15, 2024

Sports Equipment and Apparel Market to Reach $991.8 Billion, Globally, by 2034 at 9.5% CAGR: Allied Market Research

The growth of the sports equipment and apparel market is driven by an increase in health and fitness awareness, technological advancements in sports gear, and increased participation in sports and

The growth of the sports equipment and apparel market is driven by an increase in health and fitness awareness, technological advancements in sports gear, and increased participation in sports and recreational activities. Moreover, the growth of e-commerce and online retail, along with endorsements by professional athletes, further boosts the market expansion.

Wilmington, Delaware, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, 'Sports Equipment and Apparel Market by Product Type (Equipment and Apparel and Shoes), Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer, Other Team Sports, Winter Sports, Watersports and Others), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2024-2034'. According to the report, the sports equipment and apparel market was valued at $374.2 billion in 2023, and is estimated to reach $991.8 billion by 2034, growing at a CAGR of 9.5% from 2024 to 2034.

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