Indonesia Sporting Goods Market (2024-2030) Outlook | Revenue, Analysis, Trends, Share, Size, Forecast, Companies, Industry, Value & Growth

Indonesia Sporting Goods Market Synopsis

The Indonesia sporting goods market is one of the fastest growing markets in Southeast Asia. It is estimated to reach a value of US$ 4,123 million by 2025 from an estimated value of US$ 2,667 million in 2019, at a compound annual growth rate (CAGR) of 6.3%. The rising number of health-conscious consumers and increasing disposable incomes are driving the growth of this market. In addition, the rise in popularity of sports activities such as football and badminton has positively impacted the Indonesia sporting goods market due to increased demand for sportswear and other related products. Furthermore, government initiatives such as tax exemptions on certain sports equipment have further fueled the expansion of this industry.

Market Trends

As more people prefer outdoor recreation instead traditional indoor hobbies or leisure pursuits like watching television or playing online games , there has been an increase demand for different type of watersports equipment , camping gear and outdoor clothing. Adventure tourism has become increasingly popular among millennials across Indonesia which leads to higher revenues from sales within it?s associated retail stores. This includes apparel , footwear , backpacks , tents etc. Corporate team building events are becoming very common amongst large companies thus leading to higher revenue opportunities within business segments catering towards them. Companies seek out various types such as archery airsoft war fields paintball courts etc.

Market Drivers

With increased wages being paid by employers coupled with economic development there`s more money available on hand allowing citizens to purchase luxury items like fashion apparel accessories and sporting goods. This helps drive up sales volumes throughout Indonesia retail sector specifically those offering competitive prices on name brand merchandise found internationally. The government provides incentive programs aimed at encouraging physical activity through its Ministry Of Youth & Sports which can directly affect local retailers selling sportswear apparel shoes etcetera giving them added exposure both domestically & abroad where they can showcase their efforts made toward supporting national pride & fitness goals set forth by authorities& public entities alike.

COVID-19 Impact on the Market

The COVID-19 pandemic has had a negative impact on the Indonesia sporting goods market, with sports participation and consumer spending decreasing significantly. This is due to movement restrictions preventing people from participating in or attending physical activities such as sports games and events, resulting in fewer products being sold by retailers. Additionally, other factors such as decreased purchasing power among consumers have also contributed to the decline of sales for sporting goods companies operating locally in Indonesia.

Challenges of the Market

One of the main challenges facing this industry is that there is still low awareness about sport and physical activity in Indonesia among both adults and children. There is also limited access to high-quality sporting equipment, which makes it difficult for some players on the market to compete effectively with international brands. Furthermore, many consumers are price sensitive when it comes to buying sporting goods, opting for cheaper alternatives from local stores over more expensive options from international brands available online or offline retailers. Additionally, eCommerce penetration remains relatively low compared to other emerging markets making it difficult for some players on the market to reach their target customers through digital channels alone.

Industry Key Players

Some of the key players operating on this market include Decathlon Indonesia; AdiSports; Sports Station; Sportama; The Athletes Foot (TAF); Nike Indonesia; Adidas Indonesia; Puma SE Asia Pacific Retailer (PUMA SEA). Each company has its own unique strengths across product lines ranging from apparel/footwear tennis racquets/balls golf clubs/equipment fitness gear etc., allowing them each offer something different targeted at specific consumer segments within this sector.

Key Highlights of the Report:

• Indonesia Sporting Goods Market Outlook
• Market Size of Indonesia Sporting Goods Market, 2023
• Forecast of Indonesia Sporting Goods Market, 2030
• Historical Data and Forecast of Indonesia Sporting Goods Revenues & Volume for the Period 2020-2030
• Indonesia Sporting Goods Market Trend Evolution
• Indonesia Sporting Goods Market Drivers and Challenges
• Indonesia Sporting Goods Price Trends
• Indonesia Sporting Goods Porter's Five Forces
• Indonesia Sporting Goods Industry Life Cycle
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By By Product for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Ball Sports for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Adventurous Sports for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Fitness Equipments for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Golf Equipments for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Sports Equipments for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Athletic Footwear for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Athletic Apparels for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Hypermarket/supermarket for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Convenience/Departmental Store for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Specialty Store for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Online Store for the Period 2020-2030
• Historical Data and Forecast of Indonesia Sporting Goods Market Revenues & Volume By Others for the Period 2020-2030
• Indonesia Sporting Goods Import Export Trade Statistics
• Market Opportunity Assessment By By Product
• Market Opportunity Assessment By By Distribution Channel
• Indonesia Sporting Goods Top Companies Market Share
• Indonesia Sporting Goods Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Sporting Goods Company Profiles
• Indonesia Sporting Goods Key Strategic Recommendations