The global children’s sports equipment and accessories market is expected to reach a revenue of $5.6 billion by the end of 2032, driven by the increased enthusiasm seen among children

NEWARK, DE /ACCESSWIRE/December 5, 2022/ According to Future Market Insights (IMF), the global market children’s sports equipment and accessories market is expected to show positive growth prospects by registering a CAGR of 4.7% between 2022 and 2032. The global market is expected to reach a valuation of US$3,518 million in 2022 and surpass an estimate of around US$5,568.8 million. US dollars by the end of 2032.

The growth of the market is attributed to the rising awareness of fitness and sports across the globe, along with an increase in spending on sports education and development among children.

The global children’s sports equipment and accessories market has grown exponentially over the past few years accounting for a major market share within the global sports equipment and accessories industry. The growing popularity of ball sports among children is boosting the development of children’s sportswear and accessories, and the widespread acceptance of the online retail industry are all optimistic factors influencing the global market.

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The United States is expected to dominate the global children’s sports equipment and accessories market as it is expected to offer the greatest market opportunities during the forecast period of 2022 to 2032. North America is gaining maximum traction over the forecast years.

Key points to remember

• Ball sports such as soccer, football and basketball, among others, are gaining popularity among children and their parents, being one of the main drivers for the expansion of the sports equipment and accessories market for children. In addition to this, the large number of sports competitions and participatory tournaments organized by schools around the world is believed to increase the consumption of sports equipment and accessories for children.

• Another crucial factor driving the growth of the market is the ease of access to fashionable sports accessories and a diverse range of equipment specially designed for children. Over the past decade, the market has witnessed phenomenal research and development of children’s sportswear, shoes and other products, which also has a powerful influence on the market demand.

• The emergence of e-commerce players in business is also influencing the global kids sports equipment and accessories market as parents find it more convenient to browse, select and buy their favorite sports accessories and equipment for their children. Some of the products are only available online for a limited time, which further helps to increase the revenue of sport equipment And accessories.

• National and international sporting events such as the World Cup, Commonwealth Games, Olympics and a wide range of international leagues and sports inspire and influence children, making them excited to participate in their favorite sport. The media has been recognized as an essential element for more effective advertising and promotion of such events, thus contributing to sales growth.

The story continues

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Competitive landscape

The leading suppliers of children’s sports equipment and accessories are widely adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. accessories market.

More information on the Children’s sports equipment and accessories market

In the United States, football is considered the most played sport among children, followed by baseball, basketball and soccer.

Undoubtedly, it is considered one of the most popular sports in the country with its appearance in almost every high school and collage. North America accounts for a 21% market share of the global children’s sports equipment and accessories market.

The children’s segment is expected to show robust growth in the Asia-Pacific region, as it represents a total CAGR of 5% throughout the projection period. Emerging economies in the Asia-Pacific regions including India and China are currently presenting lucrative growth opportunities for players in the children’s sports equipment and accessories market.

The region’s market growth is attributed to the increase in discretionary income among parents and growing health awareness among individuals. International brands are growing rapidly in the Asia-Pacific region to capitalize on untapped opportunities in the region.

Europe is expected to emerge with positive growth prospects over the forecast period as it is expected to account for around 6.4% of the total market share. Rising incidence of childhood obesity in Europe, which is driving the demand for fitness-related sports equipment, is expected to propel the growth of the children’s sports equipment and accessories market.

Key segments of the children’s sports equipment and accessories industry survey

Children’s Sports Equipment and Accessories Market by Sports:

• Children’s outdoor sports equipment and accessories

• Children’s indoor sports equipment and accessories

• Children’s sports equipment and accessories

• Children’s soccer equipment and accessories

• Children’s cricket equipment and accessories

• Children’s baseball equipment and accessories

• Netball equipment and accessories for children

• Children’s tennis equipment and accessories

• Kids badminton equipment and accessories

• Children’s table tennis equipment and accessories

• Carom equipment and accessories for children

• Air Hockey Equipment and Accessories for Kids

• Other children’s sports equipment and accessories

Children’s Sports Equipment and Accessories Market by Fitness Equipment and Accessories:

Children’s Sports Equipment and Accessories Market by Age Segments:

Children’s Sports Equipment and Accessories Market by Price:

• Sports accessories and equipment for children at low prices

• Mid-priced kids’ sports accessories and equipment

• High-priced children’s sports accessories and equipment

Children’s Sports Equipment and Accessories Market by Distribution Channel:

• Sales of children’s sports equipment and accessories via offline marketplaces

• Sales of children’s sports equipment and accessories via online retail marketplaces

• Sales of children’s sports equipment and accessories through exclusive stores

• Sales of children’s sports equipment and accessories in sports equipment stores

• Sales of children’s sports equipment and accessories through other distribution channels

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

Complete TOC with report overview: https://www.futuremarketinsights.com/reports/kids-sports-equipment-and-accessories-market

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