Sporting Goods Market Regional Analysis:
North America Market Insights
t revenue share of 35% by 2035. The market growth in the region is also expected on account of its vast population and affluent status. Also, the United States spends much more per child on sports than it does on key subjects. For instance, more than USD 7 billion is spent on sports in the United States each year.
Besides this, sports are a fundamental component of American culture and have existed since ancient times, which is predicted to drive market growth in the coming years. According to estimates, the annual cost of youth sports in the United States is over USD 35 billion for households.
APAC Market Insights
The APAC region will also observe huge growth for the sporting goods market over the projection period and will hold the second position owing to the growing demand for high-quality sports equipment, impelled by a growing interest in fitness and a need for premium products. Moreover, expenditure on fantasy sports has surged as a result of the multiplier effect of rising disposable income on discretionary consumption in the region, leading to a higher demand for sporting goods. For instance, India's per capita household disposable income is expected to reach around USD 25 in 2024.
