Global Basketball Gear Market Size & Outlook, 2024-2030
Global basketball gear market, 2018-2030 (US$M)
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Global basketball gear market highlights
- The global basketball gear market generated a revenue of USD 864.9 million in 2023 and is expected to reach USD 1,185.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
- In terms of segment, basketballs accounted for a revenue of USD 441.5 million in 2023.
- Basketballs is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Hong Kong is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 864.9 million |
| Market revenue in 2030 | USD 1,185.5 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Basketballs |
| Fastest growing segment | Basketballs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Basketballs, Hoops & Backboards, Accessories |
Other key industry trends
- In terms of revenue, the North America accounted for 68.6% of the global basketball gear market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Hong Kong is the fastest growing regional market and is projected to reach USD 2.4 million by 2030.
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Basketball Gear Market Scope
Basketball Gear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global basketball gear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to basketball gear market will help companies and investors design strategic landscapes.
Basketballs was the largest segment with a revenue share of 51.05% in 2024. Horizon Databook has segmented the Global basketball gear market based on basketballs, hoops & backboards, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Basketball Gear Product Outlook (Revenue, USD Million, 2018-2030)
- Basketballs
- Hoops & Backboards
- Accessories
- Global Basketball Gear Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
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Horizon Databook provides a detailed overview of global-level data and insights on the Global basketball gear market , including forecasts for subscribers. This global databook contains high-level insights into Global basketball gear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global basketball gear market size, by regions, 2018-2030 (US$M)
Top 10 countries: Basketball gear market size, 2024 (US$M)
Global basketball gear market share, by product, 2024 & 2030 (%, US$M)
Basketball gear market: Opportunity assessment by country
Global basketball gear market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 538.8 | 551.9 | 529.3 | 548.9 | 570.0 | 592.9 | 617.7 | 644.7 | 674.0 | 706.0 | 741.0 | 779.2 | 821.2 | 4.9% |
| Europe | 177.0 | 180.8 | 173.0 | 178.9 | 185.2 | 192.1 | 199.6 | 207.7 | 216.6 | 226.2 | 236.8 | 248.3 | 260.9 | 4.6% |
| Asia Pacific | 26.2 | 26.5 | 25.1 | 25.7 | 26.4 | 27.1 | 27.9 | 28.8 | 29.7 | 30.8 | 31.9 | 33.1 | 34.5 | 3.6% |
| Latin America | 8.7 | 8.7 | 8.2 | 8.4 | 8.5 | 8.7 | 8.9 | 9.1 | 9.3 | 9.5 | 9.8 | 10.1 | 10.4 | 2.8% |
| MEA | 41.1 | 41.9 | 40.0 | 41.2 | 42.6 | 44.1 | 45.6 | 47.4 | 49.2 | 51.3 | 53.4 | 55.8 | 58.5 | 4.2% |
| Overall | 791.7 | 809.8 | 775.6 | 803.0 | 832.7 | 864.9 | 899.7 | 937.6 | 978.8 | 1,023.8 | 1,072.9 | 1,126.6 | 1,185.5 | 4.7% |
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