Revenue in the sports equipment segment of the toys & hobby market Nigeria 2019-2029

Data provided by Statista Market Insights are estimates.

Definition:

Sports Equipment includes a variety of products designed for physical activity and sports, catering to both professional athletes and amateurs. The market is highly diverse and encompasses various product categories such as winter sports equipment, water sports equipment, racket sports equipment, fishing equipment, team sports equipment, golf equipment, exercise equipment, and outdoor equipment. Technological advancements, changing consumer preferences, and the growing focus on fitness and wellness are some of the factors driving the Sports Equipment market.

Structure:

The Sports Equipment market can be broken down into several product categories:

• Winter Sports Equipment: This category includes equipment used for sports and activities that take place in snowy or icy conditions, such as skiing, snowboarding, and ice skating. Examples include skis, snowboards, boots, poles, and ice skates.
• Water Sports Equipment: This category encompasses equipment used for sports and activities that take place in water, such as swimming, surfing, and paddleboarding. Examples include swimwear, surfboards, paddleboards, and water skis.
• Racket Sports Equipment: This category includes equipment used for sports that involve hitting a ball or shuttlecock with a racket or paddle, such as tennis, badminton, and squash. Examples include rackets, balls, shuttlecocks, and nets.
• Fishing Equipment: This category encompasses equipment used for fishing, including rods, reels, hooks, lines, and lures. It also includes clothing and accessories designed for fishing, such as waders and hats.
• Team Sports Equipment: This category includes equipment used for team sports such as soccer, basketball, football, and baseball. Examples include balls, goals, nets, bats, and protective gear.
• Golf Equipment: This category includes equipment used for golf, such as clubs, balls, bags, and carts.
• Exercise Equipment: This category encompasses equipment used for exercise and fitness, such as treadmills, ellipticals, stationary bikes, and weight machines.
• Outdoor Equipment: This category includes equipment used for outdoor activities and adventures, such as camping, hiking, and rock climbing. Examples include tents, sleeping bags, backpacks, and climbing gear.

Additional Information:

The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Nike, Adidas, Under Armour, Puma, and Decathlon. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.