Saudi Arabia Sports Equipment and Apparel Market Size Expands at Steady CAGR of almost 5% to Surpass USD 953.5 Million by 2030

Published | 01 March 2024

Saudi Arabia Sports Equipment and Apparel Market is flourishing because of the increasing awareness about health and fitness and rising popularity of sports for recreational purposes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Sports Equipment and Apparel Market size at USD 876.81 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Sports Equipment and Apparel Market size to expand at a CAGR of 4.85% reaching a value of USD 953.52 million by 2030. Growing health consciousness and increased engagement in physical activity and sports are two of the key growth drivers for the Saudi Arabia sports equipment and apparel market. Furthermore, the growing trend of promoting sportswear and the increasing accessibility of sports gear and clothing online is expected to propel the market in Saudi Arabia throughout the forecast period.

Opportunity: Growing popularity of online sales channels among young consumers

The Saudi Arabia Sports Equipment and Apparel Market is segmented into online and offline based on distribution channel. The offline segment accounts for a higher market share. Sportswear and equipment companies open specialty shops or sometimes offer their merchandise at department stores, which have a larger customer base. These stores provide a wide range of branded goods and, through skilled customer service representatives, offer necessary assistance and information to customers. However, the online segment is projected to register its growth at a faster CAGR over the forecast period owing to deepening smartphone penetration and the launch of online sports equipment and apparel stores.

Sample Request @ https://www.blueweaveconsulting.com/report/saudi-arabia-sports-equipment-and-apparel-market/report-sample

Saudi Arabia Sports Equipment and Apparel Market

Segmental Coverage

Saudi Arabia Sports Equipment and Apparel Market – By End User

Based on end user, the Saudi Arabia Sports Equipment and Apparel Market is segmented into men, women, children, professional athletes, fitness enthusiasts, and others. The men's segment dominates the Saudi Arabia Sports Equipment and Apparel Market owing to the high popularity of sports activities among men. The high number of men participating in different sports activities, such as swimming and biking, and industry players launching a wide range of products to target this segment drives market growth. Following the men segment, the kids segment also covers a substantial market share.

Competitive Landscape

Major players operating in the Saudi Arabia Sports Equipment and Apparel Market include DRH Sports, Formative Sports, Flush Fashion KSA, Magic Sports, Nayef Sports, Jadawel International Group, Sportone, AAA Sports, and Al-Othaim Markets. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Saudi Arabia Sports Equipment and Apparel Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Sports Equipment and Apparel Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Sports Equipment and Apparel Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com