Increasing Number of Sports Events all over the Globe Along with Rising Involvement of Women in Sports activities is Envisioned to Foster the Growth of Sporting Goods Market By 2023
The global sporting goods market is segmented into product such as ball sports, adventurous sports, fitness equipments, golf equipments, sports equipments, athletic footwear and athletic apparels. Among these segments, ball sports segment is projected to grasp a remarkable CAGR by the end of 2023. Likely, growing popularity of sports in developing and underdeveloped nations is envisioned to flourish the growth of global sporting goods market. Apart from this, fitness equipments segment is anticipated to be the fastest growing market of global sporting goods over the forecast period. Moreover, swift expansion of urban region along with rising number of stadium to play is also believed to push the market of sporting goods in near future. Global sporting goods market is anticipated to showcase a tremendous CAGR of 4.1% during the forecast period i.e. 2016-2023. Moreover, the global sporting goods market is projected to account exponential sales of USD 82 Billion by the end of 2023....