Australia Sports Equipment Market Ecosystem
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In Australia Sports Equipment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The Australia Sports Equipment Market is fragmented and has high intensified competition within industry players.
Key Market Findings:
- Australia Sports Equipment Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
- The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment.
Rising Interests in Sports: Continuous innovations and rapid technological advancements to keep pace with dynamic consumer preferences are driving the growth of the market. The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment.
Government Initiatives: Over the next five years, operators in the sport equipment industry are expected to operate well, helped by stable market circumstances. Revenue for the industry is anticipated to be supported throughout the projection period by rising discretionary income and a favorable consumer climate. Government Programmes that support outdoor recreation and active living will probably also open up business opportunities.
Growing Health Awareness: Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in wake of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.
Analysts at Ken Research in their latest publication “Australia Sports Equipment Market Outlook to 2027F – By Product (Ball over net games, Ball games, strength equipment, Athletic training equipment, Others) By Distribution Channel (Online retail, Specialty & sports shops and Department & discount stores), By Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Australia Sports Equipment Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising fitness popularity and growing disposable incomes. The sports equipment market in Australia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
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Key Segments Covered in the report
By Sports Type
- Other Racket Sports
- Other Team Sports
By Distribution Channels
- Online retail
- Specialty & sports shops
- Department & discount stores
- Ball over net games
- Ball games
- strength equipment
- Athletic training equipment
Key Target Audience
- Existing Sport Equipment Manufacturers in Australia
- Sports Companies aiming to establish in Australia
- Sports Equipment Industries
- Government Bodies & Regulating Authorities
- Online Game Industry
- E-Sports industry
- E-Sports users
- Industry Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Period: 2022P
- Forecast Period: 2022P-2027F
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