Vietnam Sporting Goods Market (2025-2031) | Growth, Outlook, Forecast, Analysis, Share, Revenue, Value, Trends, Industry, Companies, Size

Vietnam Sporting Goods Market Size Growth Rate

As per 6Wresearch, Vietnam Sporting Goods Market Size is projected to reach USD 13.9 billion by 2031 from USD 6.5 billion, growing at a CAGR between 8.5% during the 2025 to 2031. Rapid urbanization and the development of modern infrastructure, such as sports facilities and gyms, have further bolstered demand for sporting goods.

Vietnam Sporting Goods Market Highlights

Report Name	Vietnam Sporting Goods Market
Forecast period	2025-2031
CAGR	8.5%
Growing Sector	E-commerce

Topics Covered in the Vietnam Sporting Goods Market Report

Vietnam Sporting Goods Market report thoroughly covers the market By Product and By Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Sporting Goods Market Synopsis

The Vietnam Sporting Goods Market Size is growing rapidly, with increased health awareness among the population and a growing interest in recreational activities and outdoor adventures. Increased popularity in sports among different age groups and the adoption of government policies encouraging sporting activity have contributed to demand for quality sporting goods.

the Vietnam Sporting Goods Market size is projected to gain traction, reaching a CAGR of 8.5% during the forecast period of 2025-2031. The Vietnam Sporting Goods Industry is witnessing strong growth in many of the most important sectors. Leading among these is the fitness equipment market, which is driven by the growing popularity of gym membership, home training trends, and an increasing focus on health and fitness. The sportswear and footwear market is also growing at a very rapid pace, spurred on by mounting fashion-oriented consumers and the power of international brands entering Vietnam. Outdoor and leisure activities, including hiking and cycling, are also gaining popularity, further driving demand for specialized sporting goods in these segments. This diversified growth across sectors underscores the dynamic and changing nature of Vietnam's sporting goods market.

Vietnam Sporting Goods Market Trends

One of the top trends in the Vietnam Sporting Goods Market is increasing demand for eco-friendly and sustainable products. With consumers increasingly placing importance on the environment, demand for products manufactured from recycled or biodegradable materials is increasing. Another of the top trends is the lifestyle shift towards sportswear, with athleisure wear being extremely popular for its versatility and comfort.

Vietnam Sporting Goods Market

Expansion in the sports apparel market in Vietnam offers sufficient opportunity for domestic as well as international investors. Growing popularity for physical fitness activities, coupled with awareness of fitness-related health and wellbeing, continues to fuel a greater demand for sports apparel, shoes, and gear. Innovators that aim for high quality through materials are most likely to garner much of the developing market share.

Leading Players in the Vietnam Sporting Goods Market

The Vietnam Sporting Goods Market Share is competitive, with international brands and domestic producers competing to satisfy the increasing demand from consumers. Major international brands like Nike, Adidas, and Puma have a strong foothold in the country, with a diverse portfolio of products that cater to amateur and professional athletes alike. These brands use their image for quality and innovation to sustain their leadership in the market.

Government Regulations

The Vietnam government also plays a significant role in the sporting goods market through policy and regulation. Tariffs on imports and trade agreements directly affect the ability of foreign brands to enter the market, with preferential tariffs widely available under free trade agreements like the CPTPP and EVFTA. There are also tight quality control norms to ensure that the products are good enough in safety and durability standards before they become available for consumer consumption.

Future Insights of the Vietnam Sporting Goods Market

The Vietnam Sporting Goods Market Growth is proven in the future, courtesy of many factors. Increased disposable income and a surging middle-class population are spending more on sports and fitness products. The government also fuels interest in physical activity, through its focus on a healthy lifestyle through public awareness campaigns and sports activities. Technology is also contributing to this trend, with the growth of online shopping portals bringing sporting goods to the doorstep of consumers nationwide.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Athletic footwear and athletic apparel to dominate The Market- By Product

According to Ravi, Research Head at 6Wresearch, Among product categories, athletic footwear and athletic apparel hold a dominant position in the market. Their consistent demand is driven by the rising trend of athleisure, along with increased participation in both recreational and professional sports. Fitness equipment also sees substantial growth due to the expanding focus on health and wellness, with home workout solutions becoming particularly popular.

Online store sector to dominate The Market- By Distribution Channel

The online store sector is undeniably dominating the distribution channel landscape. Consumers value the affordability, extensive selections, and convenience offered by e-commerce platforms, making them the preferred choice for purchasing a wide array of sports products. Hypermarkets and specialty stores, however, continue to be significant players, particularly for customers who prefer trying products before purchase or seeking tailored advice.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Vietnam Sporting Goods Market Outlook
• Market Size of Vietnam Sporting Goods Market, 2024
• Forecast of Vietnam Sporting Goods Market, 2031
• Historical Data and Forecast of Vietnam Sporting Goods Revenues & Volume for the Period 2021-2031
• Vietnam Sporting Goods Market Trend Evolution
• Vietnam Sporting Goods Market Drivers and Challenges
• Vietnam Sporting Goods Price Trends
• Vietnam Sporting Goods Porter's Five Forces
• Vietnam Sporting Goods Industry Life Cycle
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By By Product for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Ball Sports for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Adventurous Sports for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Fitness Equipments for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Golf Equipments for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Sports Equipments for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Athletic Footwear for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Athletic Apparels for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By By Distribution Channel for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Hypermarket/supermarket for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Convenience/Departmental Store for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Specialty Store for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Online Store for the Period 2021-2031
• Historical Data and Forecast of Vietnam Sporting Goods Market Revenues & Volume By Others for the Period 2021-2031
• Vietnam Sporting Goods Import Export Trade Statistics
• Market Opportunity Assessment By By Product
• Market Opportunity Assessment By By Distribution Channel
• Vietnam Sporting Goods Top Companies Market Share
• Vietnam Sporting Goods Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Sporting Goods Company Profiles
• Vietnam Sporting Goods Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product

• Ball Sports
• Adventurous Sports
• Fitness Equipments
• Golf Equipments
• Sports Equipments
• Athletic Footwear
• Athletic Apparels

By Distribution Channel

• Hypermarket/supermarket
• Convenience/Departmental Store
• Specialty Store
• Online Store
• Others