United States Sports & Leisure Goods Market Report 2023-2028: Fitness Trends and Technological Advancements Fueling Growth
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) — The “United States Sports & Leisure Goods Market By Product Type (Golf Equipment, Fitness Sports Equipment, Adventure Sports Equipment, Ball Sports Equipment, and Others), By Distribution Channel, By Region, By Company, Forecast & Opportunities, 2018-2028” report has been added to ResearchAndMarkets.com’s offering.
The United States is witnessing a significant surge in the sports & leisure goods market, propelled by a growing emphasis on fitness and sports participation. A recent analysis delves into the industry’s trends and opportunities over the next decade, with a focus on various product types ranging from golf and fitness equipment to adventure and ball sports gear.
The analysis projects an impressive CAGR for the market, highlighting a robust inclination towards sports and leisure activities. With a rising awareness of the benefits of physical fitness, the demand for sports equipment has escalated, emphasizing the need for quality gear and accessories. The incorporation of innovative materials and technologies into sports equipment is setting a new benchmark for the industry.
Segment Insights
The report segments the market by product types, including golf equipment, fitness sports equipment, and adventure as well as ball sports gear. It also examines distribution channels spanning supermarkets/hypermarkets, specialty stores, local shops, and the increasingly pivotal online sector. Geographically, the study covers regions across the South, West, Mid-West, and North-East of the United States.
Growth Drivers and Market Trends
The expansion of the market is fueled by a blend of factors, particularly the rising initiatives by the government to foster sports participation and the growing consumer preference for home exercise setups. Furthermore, marketing innovations and brand endorsements by celebrities alongside the proliferation of social media are significantly impacting consumer behavior and preferences in the sports and fitness domain.
New product launches are invigorating the market, as brands introduce advanced materials and technologies to meet consumer demands for high-performance and stylish sports gear. This dynamic landscape is encouraging healthier and more active lifestyles among the US population.
Challenges Faced by the Industry
Despite the positivity surrounding market growth, challenges such as the prevalence of counterfeit products and the high costs associated with premium sports equipment could potentially impede progress. The report underscores the importance of addressing these issues to sustain market growth.
Leading Companies
Prominent market players include Under Armour® Inc., Nike, Inc., Everlast Worldwide, Inc., and several others that are making significant strides in innovating sports and leisure offerings to cater to the diverse needs of consumers.
The comprehensive analysis presents an in-depth look into the United States sports & leisure goods market’s current state and potential growth avenues. It reflects professionalism and neutrality, catering to stakeholders and interested parties eager to understand the market’s trajectory.
As sporting activities continue to be integral to the American lifestyle, this analysis underscores the ongoing developments, opportunities, and competitive landscape that shape the United States sports & leisure goods market.
A selection of companies mentioned in this report includes
- Under Armour Inc.
- Nike, Inc.
- Everlast Worldwide, Inc.
- Wilson Sporting Goods Co.
- Franklin Sports Inc.
- Cabela’s Inc.
- Callaway Golf Co.
- Dunlop Sports Group Americas Inc.
- Boardriders, Inc.
- New Balance Athletics, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/32nmal
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