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The global sports luggage market grew at a CAGR of around 3% during 2015-2020. Sports luggage is used to carry necessary items, such as clothing, equipment, and devices, required by athletes during their performance. These items can include a football, basketball, volleyball, cricket bat, and baseball, depending on different forms of sports. At present, the growing number of individuals participating in professional sports, along with the increasing need for protective gear and other sporting goods for better training, is escalating the demand for sports luggage worldwide. This is also encouraging leading brands to expand the number of retail outlets and offer incentives and attractive product discounts to increase their overall sales.
Schools and colleges worldwide are encouraging students to participate in sports events and tournaments on account of the growing concerns among parents to maintain physical health and promote confidence among their children. This represents one of the leading factors bolstering the market growth. Besides this, the increasing prevalence of obesity and chronic diseases and the rising focus of individuals on maintaining overall health are positively influencing the demand for sports luggage worldwide. Moreover, the growing popularity of outdoor and adventure sports, in confluence with the burgeoning travel and tourism industry, is influencing the market growth. Apart from this, the leading market players are offering multipurpose and innovative sports luggage through e-commerce platforms. A considerable rise in the utilization of these platforms due to their convenience and agility and the increasing penetration of the Internet is anticipated to promote the sales of sports luggage in the future. Looking forward, IMARC Group expects the global sports luggage market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports luggage market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and distribution channel.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas AG, Amer Sports (Anta Sports Products Limited), ASICS Corporation, Callaway Golf Company, Kookaburra Sport Pty Ltd, Nike Inc., PUMA SE, Under Armour Inc., VF Corporation and Yonex Co. Ltd.
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