Saudi Arabia Sports Equipment and Apparel Market Size, Share, Rising Trends, Key Manufactures and Future Opportunities 2033: SPER Market Research
Sports equipment is a broad category that covers a variety of tools and accoutrements used in many sports and physical activities. It consists of equipment like a ball, bat, and other things intended for sports and players. Sportswear is worn for exercise regimens including yoga, jogging, and hiking. These goods address a broad spectrum of needs for children, women, and men. Because different sports place varying demands on different body parts and are played in diverse circumstances, sports gear varies depending on the sport in terms of materials, fit, and design. Sportswear includes things like swimwear, baseball hats, yoga pants, jogging socks, and football shirts.
According to SPER market research, ‘Saudi Arabia Sports Equipment and Apparel Market Size – By Product Type, By Distribution Channel, By Price Range, By Sport Specific, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Sports Equipment and Apparel Market is predicted to reach USD 1106.34 million by 2033 with a CAGR of 5.08%.
Drivers: The Saudi Arabian market for sporting goods and apparel is driven by a number of variables. First of all, there is a greater demand for sportswear and equipment due to the public’s growing interest in exercise activities and growing health consciousness. The building of infrastructure, such as fitness facilities and sports stadiums, and government initiatives promoting sports participation have also spurred industry expansion. The growing affluence and changing lifestyles of Saudi Arabians, coupled with their inclination for athleisure fashion, have contributed to the growth of the industry. Additionally, the impact of international sporting tournaments and athlete sponsorships has raised the profile of sports-related businesses. Ultimately, advancements in e-commerce platforms have simplified the process of acquiring a wider range of sportswear and equipment, hence stimulating market growth.
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Challenges: Despite its stringent regulations governing the management of counterfeit goods, Saudi Arabia remains a major destination for their sale. According to a source, more than two million counterfeit products, including clothing and athletic goods, were removed by Saudi Arabian Customs in 2020. 3.3% of the world’s counterfeit goods are currently supplied by Saudi Arabia, whose economy has been steadily expanding over the last few years. The revenues of industry participants and the standing of well-known businesses are negatively impacted by fake goods, which keeps Saudi Arabia’s market for sports gear and apparel from growing.
The COVID-19 outbreak significantly affected Saudi Arabia’s sportswear and equipment industry. Sportswear and equipment sales fell precipitously as lockdowns and limitations were put in place to stop the virus’s spread. Athletic events, gym operations, and outdoor activities were all discontinued or substantially scaled back. Businesses in the industry saw a decline in sales and profits as consumers opted for necessities over luxuries, such sports equipment. Supply chain delays and logistical problems made it difficult for retail stores and online platforms to continue operating and completing orders. With the return of athletic events and the progressive loosening of regulations, the market has begun to rebound, if more slowly.
Additonally, some of the market key players are AAA Sports, Al-Othaim Markets, DRH Sports, Flush Fashion KSA, Formative Sports, Jadawel International Group, Magic Sports, Nayef Sports, Sportone.
Saudi Arabia Sports Equipment and Apparel Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Sports Equipment and Apparel Market is segmented as; Sports Equipment, Sports Apparel.
By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Sports Equipment and Apparel Market is segmented as; Online, Offline.
By Price Range: Based on the Price Range, Saudi Arabia Sports Equipment and Apparel Market is segmented as; Mass-Market/Affordable Mid-Range, Premium.
By Sport Specific: Based on the Sport Specific Saudi Arabia Sports Equipment and Apparel Market is segmented as; Soccer/Football, Basketball, Tennis, Fitness/Gym, Running, Swimming, Outdoor Sports, Indoor Sports, Others.
By Region: This research includes data for Eastern, Western, Southern, Northern.
For More Information, refer to below link –
KSA Sports Equipment and Apparel Market Growth Drivers
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