Global Basketball Gear Market Size study, by Product (Basketballs, Hoops & Backboards, Accessories), by Distribution Channel (Online, Offline) and Regional Forecasts 2022-2028

Global Basketball Gear Market Size study, by Product (Basketballs, Hoops & Backboards, Accessories), by Distribution Channel (Online, Offline) and Regional Forecasts 2022-2028

Global Basketball Gear Market is valued approximately USD 803.0 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2022-2028. The factors driving market growth include increased fitness awareness, a preference for basketball, rising disposable income, and the popularity of the National Basketball Association (NBA).. Nonetheless, investments in basketball leagues are likely to provide lucrative market growth prospects. A number of countries that now conduct competitive basketball leagues and tournaments will help to meet industry demand. Dick's Sporting Goods, Under Armour, Adidas, and Nike were among the top performing sporting goods companies in 2021. Every month in 2021, US sporting goods stores reported higher revenue than in 2020. Despite this expansion, industry rivalry remains fierce, causing specialist retailers to struggle to compete with the price and convenience of such broad product selections. Changing consumer behaviors prior to and throughout the COVID-19 epidemic have boosted the preference for online buying. Due to the growing influence of the internet and media as a means of promoting health and fitness, there has been a significant demand for sports in various regions over the last few years, which has led to an increase in basketball competitions all over the world, thereby increasing the sale of basketball gear. Basketball equipment demand is being fueled by the growing interest of both children and teenagers. Basketball equipment demand is also driven by rising consumer spending power, which is likely to fuel the industry. However, the NBA's high requirement for the selection of basketball equipment stifles market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global Basketball Gear Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. NBA and consumer tastes helped North America dominate the industry. Furthermore, increased consumer expenditure on sports products, rising health consciousness, and rising obesity are pushing the North American market for basketball gear. Europe is anticipated to have the second-fastest CAGR from 2022 to 2028. Basketball is gaining popularity in nations such as France, Germany, Italy, Greece, and Spain, despite soccer's enduring dominance. Basketball is being played with greater ease than ever before, as the majority of European players enter the pro league. As a result of this transition, the sport, its gear, and culture have grown in popularity.

Major market player included in this report are:
Wilson Sporting Goods
Rawlings Sporting Goods Company, Inc.
Anthem Sports
Nivia
Dick’s Sporting Goods, Inc.
Target Brands, Inc.
SCHEELS SPORTS
Anthem Sports
Under Armour, Inc.
BSN Sports
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Basketballs
Hoops & Backboards
Accessories
By Distribution Channel:
Offline
Online

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Basketball Gear Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Wilson Sporting Goods
Rawlings Sporting Goods Company, Inc.
Anthem Sports
Nivia
Dick’s Sporting Goods, Inc.
Target Brands, Inc.
SCHEELS SPORTS
Anthem Sports
Under Armour, Inc.
BSN Sports

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