Global Market Research Reports : Ken Research: Indonesia Sports Equipment Industry

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Thursday, March 23, 2023

Indonesia sports equipment market is expected to grow owing to the rising sports popularity, growing disposable incomes and rising health consciousness among people in Indonesia: Ken Research

In Indonesia Sports Equipment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. Key players are embarking on online distribution channels for their online marketing and branding of their products to expand their geographic reach and increase their customer base.

Key Market Findings:

Indonesia Sports Equipment Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
Growth slowed to ~% in 2017 due to the extreme weather conditions the country experienced.

Rising Sports Popularity: Indonesia sports equipment market size is expected to grow during the next five years. Indonesia is one of the most popular markets for sports equipment in Asia Pacific. Factors that are driving the sector are rising sports popularity, growing disposable incomes and rising health consciousness among people in Indonesia. The country is the fourth most populous nation in the world and this factor is stimulating the industries since with the large population, the number of people participating in sports is also large, which increases the demand for sports equipment in the country.

Growing Health Awareness: Sports industry is growing to be biggest in the world as more and more people are increasingly taking up sports and recreational activities in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for athletic equipment. Additionally, the rising trend to follow the prominent sport players will drive the accessory business.

Significant Rise after Covid: Despite being confined to their homes, exercise aficionados did not let their ambitions for improving their health go. Many people are inspired to create a home exercise regimen that can go beyond requirements for social distance. Specialized gyms and fitness studios start to become more and more well-liked as hectic lifestyles reduced the amount of time available for workouts.

Analysts at Ken Research in their latest publication “Indonesia Sports Equipment Market Outlook to 2027F - by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

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Key Segments Covered in the report

By Sports Type

Bike
Outdoor
Tennis
Other Racket Sports
Running
Fitness
Football/Soccer
Other Team Sports

By Distribution Channels

Online
Offline

By Product

Ball over net games
Ball games
Strength Equipment
Athletic training equipment
Others

Key Target Audience

Existing Sport Equipment Manufacturers in Indonesia
Sports Companies aiming to establish in Indonesia
Sports Equipment Industries
Government Bodies & Regulating Authorities
Online Game Industry
E-Sports industry
E-Sports users
Industry Associations

Time Period Captured in the Report:

Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F

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Companies Covered:

Adidas
Puma
Amer sports
Under armour
New Balance
Nike,Inc
Reebok International Ltd
V.F. Corporation
Everlast worldwide, Inc
Wilson Sporting Goods
Fila, Inc

Key Topics Covered in the Report

Indonesia Sports Equipment Market Overview
Indonesia Sports Equipment Market Segmentation
Ecosystem and Business Cycle of Indonesia Sports Equipment Market
Market Share of Major Players in Indonesia Sports Equipment Market
Competition Scenario of Indonesia Sports Equipment Market
Industry Analysis of Indonesia Sports Equipment Market
Value Chain of Indonesia Sports Equipment Market

Key Challenges of Indonesia Sports Equipment Market
End User Analysis of Indonesia Sports Equipment Market
Key Growth Drivers in Indonesia Sports Equipment Market
SWOT Analysis of Indonesia Sports Equipment Industry
Future Outlook of Indonesia Sports Equipment Market
Trends and Development of Indonesia Sports Equipment Market
Analyst Recommendations
Research Methodology

For more insights on the market intelligence, refer to below link:-

Indonesia Sports Equipment Market Outlook to 2027F

Related Reports by Ken Research: –

The US Sports Equipment Industry Outlook to 2017

India Fantasy Sports Market Outlook to FY’2027F

Global Water Sports Equipment Market Outlook to 2022

Indonesia Sports Equipment industry has grown in the last five years owing to the rising consumer awareness about health and the rising sports popularity: Ken Research

As a kind of active and passive entertainment, sports have gained popularity. Sportswear has seen an increase in consumer expenditure, with athleisure apparel and accessories accounting for a higher portion of the cost.

Rising Consumer Interests in Sports: The booming enthusiasm for country-level and international tournaments has been gaining tremendous followers worldwide and led to a large number of athlete admissions every year, which, therefore, propelled the demand of associated businesses, including sports equipment. The prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media, and celebrity endorsement has been encouraging consumers to buy various types of sports equipment.

Design flaws and Quality issues: The production of sports equipment in Indonesia is a complex process that requires meticulous planning, as well as technical know-how to reduce lead and order times. Many companies underestimate this effort, and as a result, the mass-produced sports equipment ends up with design flaws, quality issues, or unnecessary product development costs. Moreover, complications commonly arise if clients have no local presence in Indonesia because they can’t physically assess the suppliers and make sure they follow the project timeframe. Thus, disrupted supply chains. Furthermore, quality issues in sports equipment can lead to accidents and injuries, therefore strict quality control is crucial in this industry and proper product testing is required to assess potential hazards.

COVID-19 Impact on Indonesia Sports Equipment: The Indonesian sports equipment market's expansion was hampered by the coronavirus epidemic, which also constrained the sector's growth. Prior to the pandemic, the market for sports equipment in Indonesia was growing, but because of the lockdown, it faced several difficulties. The industry is now prospering. The market's expanding growth potential have increased the sector's chances of expansion. The industry has been developing more quickly, and it will continue to expand across the nation.

Analysts at Ken Research in their latest publication “Indonesia Sports Equipment Market Outlook to 2027F - by Distribution Channel (Offline, Online) Sports Type (Bike, Outdoor, Tennis, Other Racket Sports, Running, Fitness, Football/Soccer and Other Team Sports).” observed that Indonesia Sports Equipment market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising sports popularity and growing disposable incomes. The Sports Equipment market in Indonesia is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Indonesia Sports Equipment Market