The global kids sports equipment and accessories market is expected to reach a valuation of USD 3,519.5 million in 2023. The growth of the sports equipment and accessories market can be attributed to the rise in fitness and sports consciousness around the globe, along with an increase in expenses on sports education and development among children.
The kids sports equipment and accessory products are projected to expand at a notable CAGR of 4.5% between 2023 and 2033, totaling around USD 5,465.6 million by the end of 2033.
The kids' sports equipment and accessories industry has grown steadily over the past years, capturing a sizable market share in the global sports equipment and accessories industry. Further, the growing popularity of ball sports among children, the development of children's sports apparel and accessories, and the widespread acceptance of the e-commerce retail packaging industry are all optimistic factors influencing the global market.
The market is anticipated to expand at a single-digit CAGR from 2023 to 2033 due to a few significant restraints. While the United States might remain the notable market, ball sports are expected to offer great market opportunities to the market between 2023 and 2033.
| Data Points | Key Statistics |
|---|---|
| Kids Sports Equipment And Accessories Market Size (2023) | USD 3,518 million |
| Kids Sports Equipment And Accessories Market Revenue Forecast (2033) | USD 5,465.6 million |
| Kids Sports Equipment And Accessories Market Growth Rate (2023 to 2033) | 4.5% CAGR |
| North America Market Share | 23.5% |
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The increasing influence of ball sports such as football/soccer and basketball among children and their parents has been a significant driver in the expansion of the market for children's sports equipment and accessories.
Furthermore, the vast number of athletic competitions and participatory tournaments organized by schools around the world is speculated to be increasing the consumption of sports equipment and accessories for children.
Another mechanism underlying market growth is the easy accessibility of trendy sports accessories and a diverse range of equipment specifically designed for children. Since the last decade, the market has seen phenomenal research and development on athletic apparel, footwear, and other commodities for children, which is also a potent influence cruising their market demand.
The entry of e-commerce players into the business is also a surging influencer, as parents find it efficient to browse, select, and purchase their favorite sports accessories and equipment for their children. Moreover, some products are only available online for a limited period, which contributes to high revenues for sports equipment and accessories.
World Cup matches, Commonwealth Games, Olympics, and a wide assortment of leagues and international sports that begin throughout the year emerge to inspire children, making them enthusiastic to participate in their favorite sport.
Further, the media has been recognized as an essential component in more effective advertising and promotion of such events, thereby contributing to sales growth.
Around 25% of public high schools in the United States have a minimal sports budget, and if this trend holds, they cannot organize any sports or athletics tournaments. As the biggest market for children's sports equipment and accessories, the United States is predicted to have a significant descending impact on market sales.
Some wealthy parents also spend more than 10% of their annual gross income on sports equipment and accessories for their children. Rising costs may be a growth constraint for the market in the United States as well as in most developing countries.
Also, today's children are tech-savvy and prefer to engage in online or video games at a younger age. If this trend holds, it might be a serious impediment.
Principal Consultant
In the United States, football is the most widely played sport among children, followed by baseball, basketball, and soccer. It is undoubtedly the most popular sport in the country, with an appearance in almost all high schools and colleges.
The National Football League (NFL) is the premier football league in the United States. Other activities like Youth sports tourism, which was not even an aspect of the world's sports strategy and planning until the last decade, are currently becoming prominent among many national governments. It alone records a D 7.1 billion market in the United States travel industry.
The United States is likely to obtain a significant share, with ball sports accounting for the large segment. All of these factors are predicted to increase the demand for sports equipment and accessories for children in North America. North America is accounting for a market share of 21% of the global sports equipment and accessories for children market.
Europe’s kids sports equipment and accessories market is expected to thrive at a CAGR of 6.4% during the forecast period. The increasing incidence of childhood obesity in Europe, which is driving demand for fitness-related sports gear, is expected to propel market growth in the kids sports equipment and accessories market.
Europe has a large rate of childhood obesity. One in every five boys in Cyprus, Greece, Italy, Malta, San Marino, and Spain is obese.
Leading sports brands such as Nike and Adidas are reportedly focusing on developing fashionable sportswear for children to broaden their consumer base.
Further, burgeoning collaborations among numerous sports associations throughout Europe promote revenue of children's sporting goods such as apparel and shoes. Europe is accounting for a market share of 25% of the global kids sports equipment and accessories market.
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The kids segment is expected to grow rapidly, with a CAGR of 5% during the forecast period. The Asia-Pacific region's emerging economies, such as India and China, are currently lucrative opportunities for players in the kids' sports equipment and accessories market.
The region's market has flourished due to rising discretionary income among parents and rising health awareness among individuals. International brands are expanding fast in the Asia-Pacific region to capitalize on the region's untapped opportunities.
Popular brands like Columbia Sportswear Company and Adidas have opened new retail and company-owned stores in Asia-Pacific to widen their customer base and boost their market revenue in the kids' sports equipment and accessories market.
Baseball is a popular sport all across the United States, Japan, Canada, South Korea, Taiwan, and Latin America. It is known as the national sport or pastime in the United States, and its popularity is expanding rapidly in other countries as well. Major League Baseball remains the second most popular sport in the United States.
The launch of new baseball tournaments is one of the emerging trends driving the growth prospects of this market among kids over the next four years. As a result, the baseball segment is expected to expand rapidly.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a large customer base. For instance,
Some of the leading kids sports equipment and accessories manufacturers include Nike Inc., JD Sports Fashion Plc., Adidas A.G., PUMA S.E., and Cabela’s Inc.
Leading kids sports equipment and accessory providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global kids sports equipment and accessories market. For instance,
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2023 to 2033 |
| Market Value in 2022 | USD 3,519.5 million |
| Market Value in 2033 | USD 5,465.6 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Sports, Fitness Equipment & Accessories, Age Groups, Price, Distribution Channel, Region |
| Regions Covered |
North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Thailand, Indonesia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled |
Nike Inc.; JD Sports Fashion Plc.; Adidas A.G; PUMA S.E; Cabela’s Inc.; ProMAXima; Franklin Sports; Sportsmith; JumpUSA.com; Epic Sports Inc. |
| Customization & Pricing | Available upon Request |
The market is pegged to achieve USD 5,465.6 million by 2033.
The market is expected to expand at a CAGR of 4.5%.
Nike Inc., JD Sports Fashion Plc., and Adidas A.G are the leading players.
High influence of ball sports like basketball and soccer on parents and their kids is a key factor pushing the market growth.
Minimal sports budget of public high schools is restricting investments in kids’ sports equipment.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sports 5.1. Outdoor 5.2. Indoor 5.3. Fitness 5.4. Soccer 5.5. Cricket 5.6. Baseball 5.7. Netball 5.8. Tennis 5.9. Badminton 5.10. Table Tennis 5.11. Carom 5.12. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Equipment 6.1. Machines 6.2. Bench 6.3. Kids Dumbbells 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Nike Inc. 17.2. JD Sports Fashion Plc. 17.3. Adidas A.G 17.4. PUMA S.E 17.5. Cabela’s Inc. 17.6. ProMAXima 17.7. Franklin Sports 17.8. Sportsmith 17.9. JumpUSA.com 17.10. Epic Sports Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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Kids Sports Equipment and Accessories Market
