Explore Europe Sporting Goods Market size, analysis, and forecast report by 2030:Persistence Market Research

Increasing participation of European consumers in a range of sporting events, most preferably football, has spurred the demand for sporting goods and accessories in the region. Growing consciousness of consumers towards their health and wellness needs has created a steady source for demand in Europe’s sporting goods market. Manufacturers of footwear, athletic apparel, and other sports products are increasing their production capacities to meet the brimming demands.

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Companies

Company Profiles

Adidas AG
Nike, Inc.
Under Armour, Inc.
PUMA SE
Amer Sports
Odlo
Hammer Sports
Polar Electro
KETTLER
WaterRower
Others

Considering the diversity in sports being played across different countries in Europe, sporting goods manufacturers are developing their strategies for business growth accordingly. The study has revealed that prominent sports categories for European consumers include water sports, winter sports, racket sports, bike sports, running, tennis, fitness, golf, teamsports and football.Germany to Represent Largest Market for Football Sporting GoodsIn European and international football events, Germany continues to be recognized as a championing participant. Almost every other consumer in Germany is a football enthusiast. Neighboring countries such as France, Belgium and the Netherlands are also witnessing an active inclination of consumers towards this sport. Leading sporting goods manufacturers such as Nike are changing the designs of studs and other accessories to meet the requirements of German footballers. Over the near future, a majority of sales of sporting goods in Europe will remain concentered in Germany. The study reveals that in 2016, nearly one-fourth of revenues procured in Europe’s sporting goods market will be accounted by football and its predominant presence in countries like Germany. The study further reveals that the sporting goods market in Germany will hold a 30.5% share on Europe’s sporting goods market value by the end of the forecast period.

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Key Challenges for Sporting Goods Retailers in EuropeChanging purchasing habits of consumers are playing a key role in the sales of sporting goods across Europe. Several sporting goods manufacturers are struggling find successful growth in retail sales as European consumers are opting for online purchases. The sales of sporting goods in retail outlets across Europe is considerably dwindling with emergence of e-commerce platforms. While upsurge in online sales is favoring the expansion of Europe’s overall sporting goods market, manufacturers are forced to adopt direct-to-customer business models, which leads to abruptly ending their strong rapport with retailers.

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