Sports Products allow athletes and consumers to engage in sports and outdoor recreation activities with enhanced enjoyment, performance, and safety. In 2023 sports product revenues were just over $1 trillion and growing at over 5% per year. These revenues are derived from Sportswear, Sports Equipment and Sports Health. 

This sports industry report is divided in three parts each focused on one of these sectors of sports products as summarized below.

Part I: Sportswear:  It has been a major factor in athlete performance and consumer lifestyle. Today, sportswear is used by athletes, athleisure enthusiasts, people in the workplace, and everyday consumers seeking the comfort and fashion sportswear offers. Sportswear revenues in 2023 were $450.8 billion worldwide and growing at 5.8% per year. These sportswear revenues were derived from the three-sportswear segments – sports footwear, apparel, and wearable devices.

Part II: Sports Equipment:  Sports equipment is essential to all sports, fitness, and outdoor recreation activities. They enhance performance, fitness, health, safety and enjoyment. Worldwide sports equipment core area revenues were $497.8 billion in 2023 and growing at 5.4% per year. These sportswear revenues were derived from the three-sports equipment segments – sports & fitness, outdoor recreation, and recreation vehicles.

Part III: Sports Health:  Sports and recreational activities lead to a variety of injuries and accidents. Professional, college, and high school athletes, sports enthusiasts, and everyday participants all experience health and wellness issues. Sports health includes four segments – Sports Medicine, Sports Wellness Products, Sports Therapy and Sports Nutrition. In 2023 these segments produced $130.8 billion in revenues worldwide. Sports Health revenues account for only 12% of sports product revenues but are growing at a much faster rate.

This sports industry report will provide you a comprehensive view of sports products and how they contribute to the worldwide sports business revenues.