The global youth sports market size was valued at USD 37.5 billion in 2022. The market is projected to grow from USD 37.5 billion in 2022 to USD 69.4 billion by 2030, exhibiting a CAGR of 9.20% during the forecast period.
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The youth have begun to focus on their well-being as the prevalence of lifestyle diseases such as obesity, stroke, type 2 diabetes, heart disease, and atherosclerosis has increased. As a result, the number of gyms and fitness centers is increasing, which is increasing sales of sports and fitness equipment in the country. Social media is another driving force in the market's expansion. Youth sports and fitness product manufacturers communicate directly with the audience via social media channels such as Facebook, Instagram, and Twitter. Furthermore, the youth market is increasingly being driven by advances in manufacturing technologies, with domestic and international brands offering a wide range of advanced equipment. Smart tennis racquets, speed training equipment, motorized treadmills, and fitness bands are available.
LIST OF KEY COMPANIES PROFILED:
- Billabong International Limited
- Kingswood Leisure Services
- The Forzani Group Limited
- Puma E.C.
- Nike Inc.
- Callaway Golf Co.
- Daiwa Seiko Corp.
- Yonex Co. Limited.
- Dunlop Sports Group Americas Inc.
- Sports Direct International PLC
- Premier Ports Services
- Ningbo Supermax Sports and Leisure Equipment Co. Ltd.
- Cabelaâs Inc.
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