What is the Market Size of Sports Equipments in US?

The global sports equipment market, valued at US$ 89,292.0 million in 2022, is poised for significant growth, projected to reach US$ 178,508.2 million by 2033, with a compound annual growth rate (CAGR) of approximately 6.5% from 2023 to 2033. This expansion is driven by ongoing innovations, rising health consciousness, and increased participation in sports and fitness activities. Despite a temporary setback from the Covid-19 pandemic, which impacted events and financial flows, the market is recovering as more individuals engage in physical activities. Europe currently leads the market, holding a significant share. Challenges include a shift towards indoor activities and increased smartphone usage among youth, which may influence growth rates.