Latin America Sports Equipment Market Size & Outlook
Latin America sports equipment market, 2017-2030 (US$B)
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Latin America sports equipment market highlights
- The Latin America sports equipment market generated a revenue of USD 35.3 billion in 2021.
- The market is expected to grow at a CAGR of 5.7% from 2022 to 2030.
- In terms of segment, ball games was the largest revenue generating product in 2021.
- Fitness/Strength Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 35.3 billion |
| Market revenue in 2030 | USD 58.4 billion |
| Growth rate | 5.7% (CAGR from 2021 to 2030) |
| Largest segment | Ball games |
| Fastest growing segment | Fitness/Strength Equipment |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Ball Over Net Games, Ball Games, Fitness/Strength Equipment, Athletic Training Equipment |
| Key market players worldwide | Adidas AG, Amer Sports Inc, Topgolf Callaway Brands Corp, Sumitomo Rubber Industries Ltd, Nike Inc Class B, Puma SE, Mizuno Corp, Frasers Group PLC, Under Armour Inc Class A, Yonex Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 10.7% of the global sports equipment market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 155.7 billion by 2030.
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Sports Equipment Market Scope
Sports Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America sports equipment 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 sports equipment market will help companies and investors design strategic landscapes.
Ball games was the largest segment with a revenue share of 35.69% in 2021. Horizon Databook has segmented the Latin America sports equipment market based on ball over net games, ball games, fitness/strength equipment, athletic training equipment covering the revenue growth of each sub-segment from 2017 to 2030.
The Latin American region is characterized by rapid urbanization and the resulting demand for housing units. The region is home to fast-developing economies such as Brazil, the Caribbean, Peru, Uruguay, Colombia, and Chile. Latin America has traditionally been laden with unorganized housing locales in rural areas, with little access to consumer markets.
However, economic growth and movement & migration of people in many cities have led to exponential population growth and a considerable need for housing. Government initiatives for obesity prevention and control have led to increased participation of individuals across the region in physical activities.
The growing involvement of women in sports is expected to result in elevated demand for women’s sporting products in the near future. Additionally, factors such as rising disposable incomes and growing health awareness, especially in key economies such as Brazil and Mexico, are expected to expand the scope of sports equipment on a domestic level.
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Target buyers of Latin America sports equipment market databook
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Our clientele includes a mix of sports equipment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America sports equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America sports equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America sports equipment market size, by country, 2017-2030 (US$B)
Latin America Sports Equipment Market Outlook Share, 2021 & 2030 (US$B)
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