As a kind of active and passive entertainment, sports have gained popularity. Sportswear has seen an increase in consumer expenditure, with athleisure apparel and accessories accounting for a higher portion of the cost.
Rising Consumer Interests in Sports: The booming enthusiasm for country-level and international tournaments has been gaining tremendous followers worldwide and led to a large number of athlete admissions every year, which, therefore, propelled the demand of associated businesses, including sports equipment. The prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media, and celebrity endorsement has been encouraging consumers to buy various types of sports equipment.
Design flaws and Quality issues: The production of sports equipment in Indonesia is a complex process that requires meticulous planning, as well as technical know-how to reduce lead and order times. Many companies underestimate this effort, and as a result, the mass-produced sports equipment ends up with design flaws, quality issues, or unnecessary product development costs. Moreover, complications commonly arise if clients have no local presence in Indonesia because they can’t physically assess the suppliers and make sure they follow the project timeframe. Thus, disrupted supply chains. Furthermore, quality issues in sports equipment can lead to accidents and injuries, therefore strict quality control is crucial in this industry and proper product testing is required to assess potential hazards.
COVID-19 Impact on Indonesia Sports Equipment: The Indonesian sports equipment market’s expansion was hampered by the coronavirus epidemic, which also constrained the sector’s growth. Prior to the pandemic, the market for sports equipment in Indonesia was growing, but because of the lockdown, it faced several difficulties. The industry is now prospering. The market’s expanding growth potential have increased the sector’s chances of expansion. The industry has been developing more quickly, and it will continue to expand across the nation.
Analysts at Ken Research in their latest publication “Indonesia Sports Equipment Market Outlook to 2027F – by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered in the report
By Sports Type
- Bike
- Outdoor
- Tennis
- Other Racket Sports
- Running
- Fitness
- Football/Soccer
- Other Team Sports
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By Distribution Channels
- Online
- Offline
By Product
- Ball over net games
- Ball games
- Strength Equipment
- Athletic training equipment
- Others
Key Target Audience
- Existing Sport Equipment Manufacturers in Indonesia
- Sports Companies aiming to establish in Indonesia
- Sports Equipment Industries
- Government Bodies & Regulating Authorities
- Online Game Industry
- E-Sports industry
- E-Sports users
- Industry Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Period: 2022P
- Forecast Period: 2022P-2027F
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Companies Covered:
- Adidas
- Puma
- Amer soprts
- Under armour
- New Balance
- Nike,Inc
- Reebok International Ltd
- V.F. Corporation
- Everlast worldwide, Inc
- Wilson Sporting Goods
- Fila, Inc
Key Topics Covered in the Report
- Indonesia Sports Equipment Market Overview
- Indonesia Sports Equipment Market Segmentation
- Ecosystem and Business Cycle of Indonesia Sports Equipment Market
- Market Share of Major Players in Indonesia Sports Equipment Market
- Competition Scenario of Indonesia Sports Equipment Market
- Industry Analysis of Indonesia Sports Equipment Market
- Value Chain of Indonesia Sports Equipment Market
- Key Challenges of Indonesia Sports Equipment Market
- End User Analysis of Indonesia Sports Equipment Market
- Key Growth Drivers in Indonesia Sports Equipment Market
- SWOT Analysis of Indonesia Sports Equipment Industry
- Future Outlook of Indonesia Sports Equipment Market
- Trends and Development of Indonesia Sports Equipment Market
- Analyst Recommendations
- Research Methodology
For more insights on the market intelligence, refer to below link:-
Indonesia Sports Equipment Market Outlook to 2027F
Related Reports by Ken Research: –
The US Sports Equipment Industry Outlook to 2017
India Fantasy Sports Market Outlook to FY’2027F
Global Water Sports Equipment Market Outlook to 2022
