Mexico Sports Equipment Market Size & Outlook, 2021-2030
Mexico sports equipment market, 2017-2030 (US$B)
Related Markets
Mexico sports equipment market highlights
- The Mexico sports equipment market generated a revenue of USD 6.0 billion in 2021 and is expected to reach USD 10.6 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 6.6% 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.
Sports equipment market data book summary
| Market revenue in 2021 | USD 6.0 billion |
| Market revenue in 2030 | USD 10.6 billion |
| Growth rate | 6.6% (CAGR from 2021 to 2030) |
| Largest segment | Ball games |
| Fastest growing segment | Fitness/Strength Equipment |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Mexico accounted for 1.8% of the global sports equipment market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sports equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 10.6 billion by 2030.
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Sports Equipment Market Scope
Sports Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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% in 2021. Horizon Databook has segmented the Mexico 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.
Mexican culture places a high value on sports, and there is a sizable market for sports equipment in Mexico. Millions of Mexicans enthusiastically follow the national and local club teams, making football the most popular sport in the country. Baseball, basketball, boxing, and wrestling are some of the other popular sports in Mexico.
Businesses with several brands and extensive distribution networks control a substantial portion of the market. Some companies growing their distribution channels in Mexico are Nike, Inc.; Adidas AG; Puma SE; and Under Armour, Inc., all of which have substantial product portfolios and reliable distribution systems.
For example, Under Armour, Inc. sells its products through third-party distribution channels. The company has independent distributors in Latin American countries, with products primarily sourced from its international distribution hub in Panama.
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Our clientele includes a mix of sports equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico sports equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico sports equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico sports equipment market size, by product, 2017-2030 (US$B)
Mexico Sports Equipment Market Outlook Share, 2021 & 2030 (US$B)
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