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Europe Market Study on Sporting Goods: Football
Segment to Remain Dominant in Germany
through 2024
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Report Media Releases
Europe Sporting Goods Market to Register a Value CAGR
of 6.6% between 2016 and 2024; Market Growth Driven by
Rising Health and Wellness Awareness among the
Population
Persistence Market Research delivers key insights on the Europe sporting goods market in
a new report titled, “Sporting Goods Market: Europe Industry Analysis and Forecast, 2016 –
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2024”. The Europe sporting goods market is anticipated to be valued at € 112.79 Bn by the end
of 2016.
An increasing prevalence of obesity due to a modern and hectic lifestyle and increasing health
and wellness awareness among the female population are the key factors influencing the growth
of the Europe sporting goods market. A hectic modern lifestyle, increasing intake of high-calorie
processed food, and prolonged desk-bound jobs are major causes for increasing prevalence of
obesity among the population in Europe, which is in turn fueling the demand for sporting goods
to improve the quality of life. Also, growing prevalence of obesity is driving the demand for
fitness-related sports equipment and encouraging end users to increase their spending on
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sporting goods. Furthermore, increasing disposable income in major European countries is
expected to drive revenue growth of the Europe sporting goods market over the forecast period.
One of the major restraints for the growth of the sporting goods market in Europe is the
increasing time spent on the internet, mobile device games, and other related non-physical
activities by the younger generation that is reducing their interest in physical sports. This trend
has diminished the demand for sports goods and products in Europe and is one of the main
factors hampering the growth of the Europe sporting goods market.
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The Europe sporting goods market is segmented on the basis of product type into Football,
Teamsports, Tennis, Bike Sports, Racket Sports, Outdoor Sports, Water Sports, Running, Winter
Sports, Golf, and Other Sports. Each of the product type segments are further sub-segmented
into Apparel, Equipment, and Shoes sub-segments. The Europe sporting goods market is
Europe Sporting Goods Market 2016-2024
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segmented on the basis of country into Germany, France, Italy, Spain, Austria, Switzerland,
Netherlands, and Rest of Europe.
The Football product type segment is estimated to be the highest contributor in terms of revenue
to the Europe sporting goods market by 2016 end, followed by the Teamsports and Tennis
product type segments. The Football product type segment is expected to be the fastest growing
segment in the overall market throughout the forecast period (2016–2024), registering a CAGR
of 8.3% in terms of revenue. The Teamsports product type segment is estimated to be the
second largest segment and account for 17.4% value share of the Europe sporting goods market
by the end of 2024.
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The Football segment is expected to remain dominant in the Germany sporting goods market
throughout the forecast period. This segment was valued at € 3,849.7 Mn in 2015 and is
estimated to increase to € 4,102.2 Mn by 2016 end, reflecting a Y-o-Y growth rate of 6.6%.
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/europe-sporting-goodsmarket/toc
The Europe sporting goods market report features some of the leading players operating in the
Europe sporting goods market. Some of the top companies profiled in the report are Adidas AG,
Nike Inc., Under Armour Inc., PUMA SE, Amer Sports, Odlo, Hammer Sports, Polar Electro,
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KETTLER, and WaterRower Inc. Adidas AG is one of the leading manufacturers operating in the
Europe sporting goods market, engaged in the design, development, production, and distribution
of athletic and sports lifestyle products. Nike, Inc. designs, develops, and distributes athletic
footwear, apparel, equipment, sports accessories, and services. PUMA SE is one of the leading
companies in sports and sports lifestyle products such as footwear, apparel, and accessories.
Leading market players are focused on strategic collaborations and expansion activities to
increase their footprint throughout Europe.
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Europe Sporting Goods Market 2016-2024
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Europe Sporting Goods Market 2016-2024