The Football Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Football Equipment Global Market Report 2024, The football equipment market size has grown strongly in recent years. It will grow from $17.4 billion in 2023 to $18.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to popularity and growth of football as a global sport, sponsorship and endorsements from sports brands, influence of professional football leagues and tournaments, rise in participation in organized football leagues, evolution of football safety standards
The football equipment market size is expected to see steady growth in the next few years. It will grow to $22.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to expansion of sports retail and merchandise industry, cultural significance and tradition of football, development of sports science and training methods, growth of e-commerce and online sales channels, customization and personalization of football gear, rise of limited edition and collector’s items in football merchandise. Major trends in the forecast period include technological advancements in football manufacturing, innovations in football equipment technology, integration of smart technologies in football equipment, integration of biometrics in player gear, expansion of virtual and augmented reality experiences in sports equipment
The rise in sports participation rates is expected to propel the growth of the football equipment market going forward. Participating in sports improves physical and mental health, provides socialization opportunities, and builds relationships with teammates and coaches. Factors that can increase sports participation rates include the popularity of organized team sports, athletic department funding in schools, and social factors such as sporting experience. For instance, in January 2022, according to Football Australia, an Australia-based governing body of football, total football participation increased by 20% in 2021 to 1,421,804 from 1,181,931 in 2020. Further, outdoor football participation climbed by 77,107 participants, or 16%, from 2020 to 2021. Therefore, the rise in sports participation rates is driving the growth of the football equipment market.
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The football equipment market covered in this report is segmented –
1) By Type: Football Apparel, Football Shoes, Footballs, Football Protective Equipment, Other Types
2) By Material: Leather, Synthetic, Rubber, Other Materials
3) By Age Group: Adults, Youths, Kids
4) By Distribution Channel: Offline, Online
5) By End User: Professional, Recreational
Advancements in technology are a key trend gaining popularity in the football equipment market. Major companies operating in the football equipment market are adopting new technologies to sustain their position in the market. For instance, in July 2023, Adidas AG, a Germany-based athletic apparel and footwear company, launched the X CRAZYFAST, a technologically advanced football boot. The new boots are available in three different models: P+, P1 Laced, and P1 Lace Less, and provide players of all skill levels with speed-focused technology. It consists of ‘AERO’ improvements designed to increase speed throughout the game.
The football equipment market report table of contents includes:
1. Executive Summary
2. Football Equipment Market Characteristics
3. Football Equipment Market Trends And Strategies
4. Football Equipment Market – Macro Economic Scenario
5. Global Football Equipment Market Size and Growth
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26. South America Football Equipment Market
27. Brazil Football Equipment Market
28. Middle East Football Equipment Market
29. Africa Football Equipment Market
30. Football Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Nike Inc
- Adidas AG
- Kering SA
- Puma SE
- Under Armour Inc
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