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Kids Sports Equipment and Accessories Market Trends

Report ID: GMI12464 Published Date: December 2024Report Format: PDF
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Kids Sports Equipment and Accessories Market Trends

Digital platforms, including fitness apps, virtual coaching, and e-sports challenges, are increasingly targeting children by blending fitness with gamification. Companies are capitalizing on this trend by integrating technology into traditional sports equipment, such as smart soccer balls and wearable fitness trackers designed for children. These wearable devices enable parents to monitor their children's activity levels, promoting a healthier lifestyle and driving demand for integrated sports equipment. Although the COVID-19 pandemic initially shifted focus towards at-home fitness and digital play, the post-pandemic period has seen a resurgence in outdoor activities for children, with parents actively encouraging outdoor sports to enhance physical and mental well-being.

Children's growing engagement with digital entertainment, such as video games, streaming services, and social media, competes with traditional sports for their attention. This shift in behaviour has reduced the demand for sports equipment and accessories. The rise of e-sports and virtual reality games has created a cultural shift, with children increasingly favouring digital competitions over physical sports, impacting traditional sports equipment sales. The market faces challenges, particularly with branded or technologically advanced sports equipment, which are often expensive. Economic downturns further exacerbate this issue; during financial crises, discretionary spending on children's sports equipment tends to decrease as parents prioritize essential needs, directly affecting sales.

Author: Avinash Singh , Sunita Singh
Frequently Asked Question(FAQ) :

What is the size of the sports equipment segment within the kids' sports market?+

The sports equipment segment accounted for USD 2.7 billion in revenue in 2023 and is projected to grow at a 6.1% CAGR from 2024 to 2032, fueled by increasing parental encouragement for children's sports participation.

How big is the kids' sports equipment and accessories market?+

The global kids' sports equipment and accessories industry was valued at USD 4.9 billion in 2023 and is estimated to grow at a 5.6% CAGR from 2024 to 2032, driven by evolving lifestyles and a focus on children's health and fitness.

Why are parents encouraging their children to participate in sports?+

Parents are increasingly encouraging their children to participate in sports due to rising childhood obesity rates and awareness of the long-term health benefits of physical activity, as recommended by the World Health Organization (WHO).

How much is the North America kids' sports equipment and accessories industry worth?+

The North America kids' sports equipment and accessories market was valued at USD 1.4 billion in 2023 and is expected to grow at a 5.7% CAGR from 2024 to 2032, driven by cultural trends, health consciousness, and government initiatives.

Who are some of the prominent players in the kids' sports equipment and accessories industry?+

Key players in the sector include Adidas, Amer Sports, Cabela's, Epic Sports, Franklin Sports, JD Sports, Mizuno, Nike, ProMaxima, Puma, and Sportsmith.

Kids Sports Equipment and Accessories Market Scope

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