Consumer insights from the sporting goods industry – Page 3
-
News briefsAthleisure market to grow at 5.2% CAGR by 2032
The global athleisure market generated $2.0 billion in 2022 and is projected to generate $3.2 billion by 2032, posting a compound annual growth rate (CAGR) of 5.2 percent from 2023 to 2032. The data is included in a recent 300-page report by Allied Market Research, a business-consulting wing of Allied ...
-
News briefsGlobal ski equipment market to post 5.15% CAGR by 2026
The ski equipment market is projected to progress at a compound annual growth rate (CAGR) of 5.15 percent from 2021 to 2026, according to a new report by research firm Technavio. Growth will be primarily driven by increasing participation rates in skiing and other snow sports. The rising trend of ...
-
Infographics & DataSports participation levels in Europe
Nearly half of the EU practiced some form of physical activity at least once a week, but there is a big difference across the countries.
-
ArticleNew digs for a Spanish court manufacturer
AFP Courts is hastening to complete a project that – to the exclusion of raw-materials procurement – will focus its entire operation at a single site, according to CMDsport. Situated in Barcelona, the facility encompasses 10,500 square meters, with 3,500 going towards the factory and the remaining 7,000 towards a ...
-
News briefsGlobal racquet sports equipment market to post 2.78% CAGR to 2026
The racquet sports equipment market is projected to increase by US$469.78 million from 2021 to 2026, representing a compound annual growth rate (CAGR) of 2.78 percent, according to a recent report by research firm Technavio. In 2022, the market increased by 2.3 percent, recovering from the negative impact of the ...
-
News briefsPickleball growing fast in the U.S., report confirms
The Sports & Fitness Industry Association (SFIA) and the online platform Pickleheads have released a report on the state and growth of pickleball in the U.S.. By its estimate, the sport has grown 85.7 percent year-on-year and 158.6 percent over three years. In 2022 there were some 8.9 million players ...
-
News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
-
ArticleGolf participation keeps growing worldwide
Participation in the game of golf continues to climb worldwide. According to a new report that has been released by The R&A, and produced by Sporting Insights, ten million extra adults have taken up the sport since 2016. There are now 39.6 million on-course golfers (9 and 18 hole) in ...
-
ArticleU.S. growth in racquet sports translating to sales of softgoods
Growth in racquet sports as a practice seems to be spurring growth in related softgoods, or so believe several analysts at Circana, the analytics company that resulted from the merger (in March) of Information Resources (IRI) and The NPD Group (NPD). According to the company’s statistics, the U.S. market for ...
-
ArticleEuropean ski industry stands strong amid challenges, sells 3.67m pairs of alpine skis in 22/23
The Federation of the European Sporting Goods Industry (FESI) has completed its annual market research on ski product sell-in data, providing a comprehensive assessment of the evolution of the European ski market following the Covid pandemic and the first winter season in the shadow of the war in Ukraine and ...
-
ArticleSpanish market could break €9bn next year, says Afydad
Retail revenues (sell-out) for the Spanish sporting goods industry continued its march toward the €9 billion mark in 2022, reaching €8.993 billion through year-on-year growth of 4.6 percent. Things have, however, slowed down since the boom year of 2021, which offered more than twice the growth (11.1%). Last year’s wholesale ...
-
ArticleA “courtside” look at the pádel market
Sales have been flat so far this year at Padel Courts Deluxe, CEO Fernando Cánovas tells CMDsport. Now that mid-year is behind us, moreover, he believes it safe to say that 2023 will be a year of transition in the pádel-court business, with growth picking up once more in the ...
-
ArticleUK study highlights the advantages in sponsoring women’s sports
A new study from the Women’s Sport Trust has highlighted the positive outcomes for brands if they invest in women’s sports. Founded in 2012, the Women’s Sport Trust is a UK-based charity that works to raise the visibility and increase the impact of women’s sports. According to its new study, ...
-
News briefsFootball equipment market to grow 2.59% CAGR by 2027, propelled by eco-friendly products
The football equipment market is estimated to grow by $2,021.66 million from 2022 to 2027, representing a compound annual growth rate of 2.59 percent during the forecast period, according to a recent research report by Technavio. Europe, which accounted for the largest share of the global market in 2022, is ...
-
ArticleRussian athletic apparel market in turmoil
The Russian market for sportswear has become strained with the departure of industry leaders Nike, Adidas, Puma and Reebok, as well as smaller European players, over the past year, according to several Russian publications. This segment has suffered much more from Western sanctions than the sporting goods market in general. ...
-
News briefsNike ranks 21st in Kantar BrandZ rating; Apple remains world’s most valuable brand
Apple is the world’s most valuable brand for the second year in a row, according to the 2023 Kantar BrandZ Most Valuable Global Brands Report. The total value of the world’s 100 most valuable brands for 2023 is $6.9 trillion. Despite a 20 percent decline from 2022, the overall Top ...
-
ArticleHalf of EU's young consumers think it's acceptable to buy fake products
A new study by the European Union Intellectual Property Office (EUIPO) shows that while Europeans are becoming increasingly wary of counterfeits and illegal content, price remains a key factor, with young consumers more willing to buy fakes. Between Jan. 30 and Feb. 15, 2023, a total of 25,824 interviews were ...
-
ArticleThe best consumer-rated outdoor and cycling brands
Our latest exclusive big data analysis reveals which brands top the consumer ratings for outdoor and cycling brands from over 145,000 reviews
-
News briefsSpain hits the milestone of four million federated athletes
The total number of federated athletes in Spain exceeded four million for the first time in 2022. According to figures from the Spanish Ministry of Culture and Sports, federated athletes were 4.1 million last year, representing both a record number and a rise of 4.5 percent compared to the pre-pandemic ...
-
Infographics & DataSustainability and Gen Z Consumers
We bring you some key numbers from the latest research into Gen Z consumers and their thoughts on sustainability. See what 9 out of 10 think.
