Singapore Sporting and Athletic Goods Market (2024-2030) | Growth, Forecast, Analysis, Value, Revenue, Trends, Size, Outlook, Companies, Industry & Share

Market Forecast By Type (Fishing Equipment, Skating and Skiing Equipment, Golf Equipment, Other Sporting Equipment), By  Distribution Channel (Hypermarket/supermarket, Convenience/Departmental Store, Specialty Store, Online Store, Others) And Competitive Landscape
Product Code: ETC017147 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Sporting and Athletic Goods Market Synopsis

The sporting and athletic goods market in Singapore is poised to grow at a CAGR of 6.3% during the forecast period 2020-2026, fueled by growing health consciousness among consumers and increased emphasis on fitness activities that have resulted in an increase in demand for sporting equipment and related accessories. The increasing number of organized sports events, rising disposable incomes across all social classes, government initiatives to promote physical activities as well as the growth of e-commerce platforms will further drive market growth over the next six years.

Market Drivers

Increasing health consciousness among consumers leading to higher demand for sports equipment and related accessories.Growing trend towards organized sports events providing immense opportunities for manufacturers to gain sales revenue.Rising disposable incomes across all social classes allowing customers with more purchasing power.Government initiatives promoting physical activities such as running clubs, marathons ETC, providing an impetus to market growth.Growth of e-commerce platforms like Amazon & Lazada enabling easier access & purchase options for customers.

Market challenges

High cost associated with premium branded product. Fluctuations in raw material costs resulting from volatile commodity prices.Presence of counterfeit products negatively impacting brand loyalty.Availability of secondhand or used goods hampering new product sales.

Key players

Some key players operating in Singapore Sporting Goods Market include Adidas AG (Germany), Nike Inc.(US), Puma SE (Germany), Columbia Sportswear Company (US), Amer Sports Corporation (Finland), Under Armour (US). Decathlon Group(France), Mizuno Corporation (Japan ), New Balance Athletics Inc.(US), Anta Sports Products Ltd.(China )ETC are some other major players.

Covid-19 Impact

The Covid pandemic has had a significant impact on the Sporting Goods industry due to widespread lockdowns globally which halted production/export operations while also limiting consumer spending on nonessential items including sporting goods. With increasing unemployment rates there was a decrease in discretionary income levels which affected consumer purchases directly. Additionally with restrictions imposed on recreational activities that involved large gatherings there was less incentive amongst people looking forward to play sport outdoors thereby lowering overall demand significantly until governments allowed normalcy post pandemic. This impacted sale revenues within this sector drastically during 2020-21 however it is expected that once global economies recover from recovery from this shock wave business sentiment shall return leading back upmarket recovery soon

Key Highlights of the Report:

  • Singapore Sporting and Athletic Goods Market Outlook
  • Market Size of Singapore Sporting and Athletic Goods Market, 2023
  • Forecast of Singapore Sporting and Athletic Goods Market, 2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Revenues & Volume for the Period 2020-2030
  • Singapore Sporting and Athletic Goods Market Trend Evolution
  • Singapore Sporting and Athletic Goods Market Drivers and Challenges
  • Singapore Sporting and Athletic Goods Price Trends
  • Singapore Sporting and Athletic Goods Porter's Five Forces
  • Singapore Sporting and Athletic Goods Industry Life Cycle
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Fishing Equipment for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Skating and Skiing Equipment for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Golf Equipment for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Other Sporting Equipment for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By ?Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Hypermarket/supermarket for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Convenience/Departmental Store for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Specialty Store for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Online Store for the Period 2020-2030
  • Historical Data and Forecast of Singapore Sporting and Athletic Goods Market Revenues & Volume By Others for the Period 2020-2030
  • Singapore Sporting and Athletic Goods Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By ?Distribution Channel
  • Singapore Sporting and Athletic Goods Top Companies Market Share
  • Singapore Sporting and Athletic Goods Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Sporting and Athletic Goods Company Profiles
  • Singapore Sporting and Athletic Goods Key Strategic Recommendations
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Singapore Sporting and Athletic Goods Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Sporting and Athletic Goods Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Sporting and Athletic Goods Market - Industry Life Cycle

3.4 Singapore Sporting and Athletic Goods Market - Porter's Five Forces

3.5 Singapore Sporting and Athletic Goods Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Singapore Sporting and Athletic Goods Market Revenues & Volume Share, By  Distribution Channel, 2020 & 2030F

4 Singapore Sporting and Athletic Goods Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Sporting and Athletic Goods Market Trends

6 Singapore Sporting and Athletic Goods Market, By Types

6.1 Singapore Sporting and Athletic Goods Market, By Type

6.1.1 Overview and Analysis

6.1.2 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Fishing Equipment, 2020-2030F

6.1.4 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Skating and Skiing Equipment, 2020-2030F

6.1.5 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Golf Equipment, 2020-2030F

6.1.6 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Other Sporting Equipment, 2020-2030F

6.2 Singapore Sporting and Athletic Goods Market, By  Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Hypermarket/supermarket, 2020-2030F

6.2.3 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Convenience/Departmental Store, 2020-2030F

6.2.4 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Specialty Store, 2020-2030F

6.2.5 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Online Store, 2020-2030F

6.2.6 Singapore Sporting and Athletic Goods Market Revenues & Volume, By Others, 2020-2030F

7 Singapore Sporting and Athletic Goods Market Import-Export Trade Statistics

7.1 Singapore Sporting and Athletic Goods Market Export to Major Countries

7.2 Singapore Sporting and Athletic Goods Market Imports from Major Countries

8 Singapore Sporting and Athletic Goods Market Key Performance Indicators

9 Singapore Sporting and Athletic Goods Market - Opportunity Assessment

9.1 Singapore Sporting and Athletic Goods Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Singapore Sporting and Athletic Goods Market Opportunity Assessment, By  Distribution Channel, 2020 & 2030F

10 Singapore Sporting and Athletic Goods Market - Competitive Landscape

10.1 Singapore Sporting and Athletic Goods Market Revenue Share, By Companies, 2023

10.2 Singapore Sporting and Athletic Goods Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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