US Sports Bag Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Sports Bag Market Analysis
United States Sports Bags Market is projected to grow at a CAGR of 10.32% during the forecast period (2020- 2025).
- The prominence of sports activities, owing to health and wellness trends, the increasing influence of social media and celebrity endorsements, and the rise in international sports events, encourages consumers to engage in sports activities.
- Additionally, the market is heading toward premiumization; this can be attributed to increased demand for high-quality premium options in affluent millennials. For instance, sports bags made from leather and other superior quality materials are gaining traction in the market. Further, premium products are not only catering to the affluent class as the high price tag is often associated with high standard/quality.
- Companies are utilizing the growing trend of premium product consumption and raising the market's affluence to introduce separate premium lineups and "mainstreamization" of premium products.
US Sports Bag Market Trends
This section covers the major market trends shaping the US Sports Bags Market according to our research experts:
Growing Influence of Athleisure and Health Wellness Trends
The primary drivers behind the proliferation of athleisure trends, such as health and wellness, are expected to remain popular in the forecast period. Also, the increasing active social media users create attention toward various products among consumers in the country. According to Outdoor Foundation, in the United States, the number of participants in outdoor activities, including various sports, increased from 134.4 million in 2006 to 146.1 million in 2017. This figure shows an anticipated increase in the demand for sports apparel during the forecast period. An increasing number of sport and fitness activities, such as football and basketball, and an increase in the number of women participating in these sports activities, boost the sales of sports bags, especially among women consumers.
Specialty Stores holds the Largest Market Share
Specialty stores are the major channels through which sports bags are sold in the country. Many specialty outlets are running into serious obstacles, including the difficulty in marketing high-end bags to a relatively small audience and competition from cut-rate goods sold in the country. Companies involved in the manufacturing of sports bags, such as Adidas and Nike, are no longer looking at a single retail channel to boost their sales but are targeting multiple specialty formats. Sports and athletic goods store is one such category, which is being used as a significant weightage retail format in the country. For instance, by 2019, there were 217 Nike factory stores, while there had only been 176 in 2016.
US Sports Bag Industry Overview
United States sports bag market is highly competitive. A major market share is held by prominent players, such as Puma SE, Nike Inc., and Adidas AG, among others, owing to their higher market penetration, reflecting their strong industry grip through the goodwill, diversified product offerings, distribution networks, partnerships, and advertising. Further, companies compete on different factors, including product offerings, materials, designs, prices, functionalities, and marketing activities, in order to gain competitive advantages in the market. In addition, companies are following strategies that include the provision of products through e-commerce (own website and third parties) channels to facilitate a larger targeted audience.
US Sports Bag Market Leaders
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Nike Inc.
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Puma SE
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Adidas AG
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Select Sport AS
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Sport Maska Inc. (CCM)
*Disclaimer: Major Players sorted in no particular order
US Sports Bag Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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4.4 Consumer Behavior Analysis
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4.4.1 Consumer Demand Analysis
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4.4.2 Target Market Identification
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4.4.3 Demographic Strength and Weakness
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4.4.4 Purchasing and Spending Patterns
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5. MARKET SEGMENTATION
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5.1 By Sports Type
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5.1.1 Golf
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5.1.2 Soccer
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5.1.3 Baseball
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5.1.4 Snow/Winter Sports
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5.1.5 Football
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5.1.6 Other Sports
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Specialty Stores
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5.2.3 Online Retailing
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5.2.4 Other Distribution Channels
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Nike Inc.
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6.3.2 Puma SE
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6.3.3 Adidas AG
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6.3.4 Franklin Group
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6.3.5 Under Armour Inc.
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6.3.6 Select Sport AS
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6.3.7 Rawlings Sporting Goods Company Inc.
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6.3.8 Sport Maska Inc. (CCM)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Sports Bag Industry Segmentation
The United States sports bags market is segmented by sports type and distribution channel. By sports type, the market is segmented into golf, soccer, baseball, snow/winter sports, football, and other sports. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online retail, and other distribution channels.
| By Sports Type | |
| Golf | |
| Soccer | |
| Baseball | |
| Snow/Winter Sports | |
| Football | |
| Other Sports |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Online Retailing | |
| Other Distribution Channels |
US Sports Bag Market Research FAQs
What is the current United States Sports Bags Market size?
The United States Sports Bags Market is projected to register a CAGR of 10.32% during the forecast period (2024-2029)
Who are the key players in United States Sports Bags Market?
Nike Inc., Puma SE, Adidas AG, Select Sport AS and Sport Maska Inc. (CCM) are the major companies operating in the United States Sports Bags Market.
What years does this United States Sports Bags Market cover?
The report covers the United States Sports Bags Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Sports Bags Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Sports Luggage Industry Report
Statistics for the 2024 US Sports Luggage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Sports Luggage analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
US Sports Luggage Market Report Snapshots
