Market Forecast By Type (Fishing Equipment, Skating and Skiing Equipment, Golf Equipment, Other Sporting Equipment), By Distribution Channel (Hypermarket/supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others) And Competitive Landscape
Product Code: ETC017166 | Publication Date: Jun 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Jordan Sporting and Athletic Goods Market |
Forecast period | 2024-2030 |
CAGR | 6.5% |
Growing Sector | Fitness |
Jordan Sporting and Athletic Goods Market report thoroughly covers the market by type and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Jordan Sporting and Athletic Goods Market is experiencing significant growth and projected to attain more growth in the coming years due to increasing focus on health and fitness among the population. With a young demographic keen on engaging in various sports and physical activities, the demand for high-quality athletic wear, footwear, and equipment is on the rise. Local retailers and international brands are seizing this opportunity to expand their presence in Jordan, offering a diverse range of products that cater not only to professional athletes but also to recreational sports enthusiasts.
According to 6Wresearch, Jordan Sporting and Athletic Goods Market size is expected to grow at a CAGR of 6.5% during 2024-2030. Several factors are driving the growth of Jordan Sporting and Athletic Goods Market such as the increasing health consciousness among the population is motivating more individuals to engage in physical fitness and sports, thereby boosting demand for athletic products. Apart from this, government initiatives aimed at promoting sports and wellness, including the development of sports facilities and community programs, are playing a crucial role in enhancing accessibility to sporting activities. Additionally, the rise of social media and fitness influencers is inspiring younger generations to adopt active lifestyles, further escalating interest in athletic wear and equipment. Furthermore, the availability of online shopping platforms has made it easier for consumers to access a wider range of sporting goods, accommodating the growing demand across urban and rural areas.
However, Jordan Sporting and Athletic Goods Market faces few restraints such as the economic fluctuations that may affect disposable income, limiting consumer spending on non-essential goods like sporting equipment and apparel. Additionally, the prevalence of counterfeit products in the market can undermine brand reputation and consumer trust, resulting in a reluctance to invest in quality athletic goods. Furthermore, limited awareness regarding the benefits of quality sporting equipment may lead consumers to prioritize price over performance, affecting the market's high-end segments. Also, the relatively nascent infrastructure for sports and fitness in some regions can restrict participation rates, thereby affecting overall market demand.
Key players include Nike, Adidas, Puma, Under Armour, New Balance Athletic. These organizations are renowned for their trendy designs and collaborations, target younger demographic and invests in marketing to enhance brand visibility within Jordan.
Jordan Sporting and Athletic Goods Market is growing and government’s regulation and policies are helping in extension of the market. One of the primary efforts is the enhancement of sports infrastructure, including the construction and modernization of sports complexes, arenas, and community sport facilities. These developments not only provide opportunities for local athletes to train but also encourage public participation in sports at various skill levels. Additionally, the government has implemented policies to promote physical education in schools, ensuring that children are introduced to sports from a young age. Furthermore, the establishment of national sports events and competitions serves to raise awareness and foster a competitive spirit among the youth. Initiatives aimed at encouraging public-private partnerships have also been instrumental in attracting foreign investment into the sports sector.
The future of Jordan Sporting and Athletic Goods Market looks promising due to evolving consumer preferences and advancements in technology. As health and fitness trends continue to gain momentum, it is anticipated that a broader demographic will engage with sports, leading to an increased demand for innovative and smart athletic products. Emerging technologies such as wearable fitness trackers and smart apparel are expected to become mainstream, offering consumers enhanced performance analytics and personalised fitness experiences. Apart from this, the rise of eco-consciousness among consumers will likely shift market dynamics, prompting brands to adopt sustainable practices and develop environmentally friendly products. This focus on sustainability can serve as a differentiator in the competitive landscape, appealing to socially responsible consumers.
According to Ravi Bhandari, Research Head, 6Wresearch, fishing equipment is anticipated to see the most significant growth in the future attributed to increasing interest in recreational fishing, bolstered by government initiatives to promote outdoor activities and tourism, will drive demand for quality fishing gear.
Online stores are projected to witness the most substantial growth increasing penetration of the internet and smartphone usage, combined with the ongoing trend of consumers preferring the convenience of shopping from home, will drive the expansion of e-commerce platforms.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Sporting and Athletic Goods Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan Sporting and Athletic Goods Market Revenues & Volume, 2020 & 2030F |
3.3 Jordan Sporting and Athletic Goods Market - Industry Life Cycle |
3.4 Jordan Sporting and Athletic Goods Market - Porter's Five Forces |
3.5 Jordan Sporting and Athletic Goods Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Jordan Sporting and Athletic Goods Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Jordan Sporting and Athletic Goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Sporting and Athletic Goods Market Trends |
6 Jordan Sporting and Athletic Goods Market, By Types |
6.1 Jordan Sporting and Athletic Goods Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Fishing Equipment, 2020 - 2030F |
6.1.4 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Skating and Skiing Equipment, 2020 - 2030F |
6.1.5 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Golf Equipment, 2020 - 2030F |
6.1.6 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Other Sporting Equipment, 2020 - 2030F |
6.2 Jordan Sporting and Athletic Goods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Hypermarket/supermarket, 2020 - 2030F |
6.2.3 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Convenience/Departmental Store, 2020 - 2030F |
6.2.4 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Specialty Store, 2020 - 2030F |
6.2.5 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Online Store, 2020 - 2030F |
6.2.6 Jordan Sporting and Athletic Goods Market Revenues & Volume, By Others, 2020 - 2030F |
7 Jordan Sporting and Athletic Goods Market Import-Export Trade Statistics |
7.1 Jordan Sporting and Athletic Goods Market Export to Major Countries |
7.2 Jordan Sporting and Athletic Goods Market Imports from Major Countries |
8 Jordan Sporting and Athletic Goods Market Key Performance Indicators |
9 Jordan Sporting and Athletic Goods Market - Opportunity Assessment |
9.1 Jordan Sporting and Athletic Goods Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Jordan Sporting and Athletic Goods Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Jordan Sporting and Athletic Goods Market - Competitive Landscape |
10.1 Jordan Sporting and Athletic Goods Market Revenue Share, By Companies, 2023 |
10.2 Jordan Sporting and Athletic Goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |