Dublin, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The "Sporting Goods, Hobby, Musical Instrument, and Book Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Major companies in the sporting goods, hobby, musical instrument, and book stores market include Nike Inc; Reebok; Adidas AG; Puma SE and Amer Sports Corporation.
The global sporting goods, hobby, musical instrument, and book stores market is expected to grow from $510.32 billion in 2020 to $533.59 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The market is expected to reach $643.97 billion in 2025 at a CAGR of 5%.
The sporting goods, hobby, musical instrument, and book stores market consists of sales of sporting goods, hobby-related products, musical instruments, and books by entities (organizations, sole traders and partnerships) that are engaged in retailing new toys; games; crafts items; pottery items; different books; bicycles and bicycle parts; camping equipment; exercise and fitness equipment; athletic uniforms; specialty sports footwear; and other sporting goods, equipment, and accessories. The entities in this industry are also engaged in retailing musical instruments such as piano, guitar, violin and others.
Some of the players in this industry also provide repair and rental services for sporting goods and musical instruments. The sporting goods, hobby, musical instrument, and book stores market is segmented into sporting goods stores; hobby, toy, and game stores; musical instrument and supplies stores and other sporting goods, hobby, musical instrument, and book stores.
North America was the largest region in the global sporting goods, hobby, musical instrument, and book stores market, accounting for 33% of the market in 2020. Asia Pacific was the second largest region accounting for 30% of the global sporting goods, hobby, musical instrument, and book stores market. Africa was the smallest region in the global sporting goods, hobby, musical instrument, and book stores market.
Many sporting goods manufactures are investing in achieving customization and personalization. With increasing number of online users, changing demographics and increased per-capita income, demand for unique and custom-made products have gained demand. Global sporting goods manufacturers such as Nike, Adidas, Puma, ASICS, Sketchers, Fila etc., are investing more into this. Race Sporting Goods has launched customized sporting clothes to cater to demands of customers.
The sporting goods, hobby, musical instrument, and book stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021.
Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period.
Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Trends And Strategies
8. Impact Of COVID-19 On Sporting Goods, Hobby, Musical Instrument, and Book Stores
9. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Regional Analysis
10.1. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, 2020, By Region, Value ($ Billion)
10.2. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, Growth And Market Share Comparison, By Region
11. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Segmentation
11.1. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Sporting Goods Stores
- Hobby, Toy, and Game Stores
- Musical Instrument and Supplies Stores
- Other Sporting Goods, Hobby, Musical Instrument, and Book Stores
11.2. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, Segmentation By Ownership, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Retail Chain
- Independent Retailer
11.3. Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, Segmentation By Type of Store, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Exclusive Retailers/Showroom
- Inclusive Retailers/Dealer Store
12. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Metrics
12.1. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Expenditure, 2015-2025, Global
Companies Mentioned
- Nike Inc
- Reebok
- Adidas AG
- Puma SE
- Amer Sports Corporation
For more information about this report visit https://www.researchandmarkets.com/r/rfdilu
