Global Kids Sports Equipment and Accessories Market is Estimated to Reach Revenue of US$ 5.6 Bn by year 2032-end Attributing to Increased Enthusiasm Observed Amongst Children

NEWARK, DE / ACCESSWIRE / December 5, 2022 / As per Future Market Insights (FMI), the global kids’ sports equipment and accessories market is anticipated to exhibit a positive growth outlook by registering a CAGR of 4.7% between 2022 and 2032. The global market is predicted to reach a valuation of US$ 3,518 Million in 2022 and surpass an estimation of around US$ 5,568.8 Million by the end of 2032.

Future Market Insights, Inc., Monday, December 5, 2022, Press release picture

The growth of the market is 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 global kids’ sports equipment and accessories market has witnessed exponential growth over the past few years by accounting for a sizable market share within the global sports equipment and accessories industry. The rising popularity of ball sports among children is surging the development of children’s sports apparel and accessories, and the widespread acceptance of the e-commerce retail industry are all optimistic factors influencing the global market.

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The United States is anticipated to dominate the global kids’ sports equipment and accessories market as it is expected to offer the greatest market opportunities during the forecast period from 2022 to 2032. North America is gaining maximum traction over the forecast years.

Key Takeaways

  • Ball sports such as football, soccer, and basketball among others are gaining maximum traction among children and their parents, being one of the significant drivers in the expansion of the market for children’s sports equipment and accessories. In addition to that, 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

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Global Licensed Sports Merchandise Market Report 2022: U.S. Market is Estimated at $5.4 Billion in 2021, While China is Forecast to Reach $4.1 Billion by 2026 | News

DUBLIN, Jan. 14, 2022 /PRNewswire/ — The “Licensed Sports Merchandise – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com‘s offering.

Global Licensed Sports Merchandise Market to Reach US$27.2 Billion by the Year 2026

Global market for Licensed Sports Merchandise estimated at US$22.3 Billion in the year 2020, is projected to reach a revised size of US$27.2 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Apparel & Footwear, one of the segments analyzed in the report, is projected to grow at a 4% CAGR to reach US$10.4 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Toys & Games segment is readjusted to a revised 3% CAGR for the next 7-year period. This segment currently accounts for a 22.2% share of the global Licensed Sports Merchandise market. Sports apparel & footwear represents the leading segment, driven by the huge population’s growing inclination towards routine and fitness workouts.

Merchandise footwear licensed by celebrities such as LeBron James and Michael Jordan have gained increased popularity among urban consumers worldwide. The sports toys & accessories segment is anticipated to grow rapidly due to the advancements in technology like 3D printing in a range of sports accessories improved the product appearance causing an increased the 3D printed licensed demand for sports balls, keychains, team flags, and celebrity figures.

Effective sports marketing implementation assists in attaining organizations` and sports clubs` financial success. Sports tournaments and events commercialization have stimulated growth in the sports merchandise market. The state and government authorities are investing extensively in sports merchandise due to the government authorities` desire to promote sports events.

Over the past years, rise in sports participation due to rising awareness

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