FOOTBALL EQUIPMENT MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 

Football Equipment Market Analysis:

The football equipment market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 3.5% over the next five years. The growing popularity of sports activities, driven by health and wellness trends, the increasing influence of social media, celebrity endorsements, and the rise in international sports events, is encouraging consumers to engage in sports activities such as football. This surge in sports enthusiasts is expected to fuel the demand for football equipment worldwide.

For instance, according to the SFIA Foundation, the wholesale sales of football equipment in the United States, including protective football gear, footballs, and other accessories, amounted to just over USD 621.9 million in 2021, representing a significant growth compared to the previous year’s sales of USD 537.7 million. Among these, the wholesale sales of protective football gear amounted to just over USD 390 million, making it the largest of the three subcategories.

Furthermore, the increasing interest and participation rates in outdoor sports, such as football, due to consumers’ growing awareness of their health and obesity problems, are supporting the market’s growth. Football is an ideal sport for burning calories, losing body fat, and improving body composition, making it a popular choice for individuals seeking to lose weight. Additionally, frequent sports tournaments and national and international football leagues are raising awareness and interest among people to start playing football, thereby driving the demand for its equipment and protective accessories at a faster pace.

For example, in December 2022, beIN SPORTS announced record-breaking cumulative viewership of 5.4 billion for FIFA World Cup Qatar 2022. Such developments, coupled with the rise in the number of grassroots programs in schools, colleges, and clubs, are some of the major factors driving the sales of football equipment globally.

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