Report ID: SQMIG25K2067
Basketball Gear Market Size, Share, Growth Analysis, By Product(Basketballs, Hoops & Backboards, Accessories), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25K2067 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Basketball Gear Market Regional Insights
The largest revenue share ever was almost 65.0% in 2022 for North America. The United States and Canada were the largest contributors generating a majority of North America's income in 2022. The NBA and North American consumer preferences contributed to the region's dominance in the sector. In North America, rising obesity rates, rising health consciousness, and rising consumer spending on sporting goods are also major market drivers for basketball equipment.
Europe is anticipated to have the second-fastest CAGR, at 4.3%, between 2023 and 2030. Basketball is becoming more and more popular in countries like France, Germany, Italy, Greece, and Spain despite soccer's prolonged supremacy. Basketball is being played more fluently than ever thanks to the majority of European players joining the professional league. As a result of this change, the sport, its gear, and the culture all became immensely popular. In the UK, more than 200,000 people play basketball each week. Statistics for numerous European nations show that the sport is still extremely common among the general public.
Basketball Gear Market Report Snapshots
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