According to the research report titled ‘Global Basketball Gear Market Size study, by Product (Basketballs, Hoops & Backboards, Accessories), by Distribution Channel (Online, Offline) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global basketball gear market was worth USD 803 million in 2021 and is slated to expand at a CAGR of 4.4% during the forecast period to amass USD 1085.47 million by the year 2028.

Report findings suggest that increasing popularity of the National Basketball Association (NBA), rising disposable income of individuals prompting the desire for basketball, and improved fitness awareness are the major growth determinants for global basketball gear market.

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Furthermore, increasing number of basketball tournaments along with soaring investments are propelling the industry demand.

Besides, growing interest of teens & youngsters in basketball as well as shifting consumer focus toward online shopping, combined with increasing consumer buying power are slated to augment market outlook in the coming years.

Because of the burgeoning influence of the internet and media in helping promote physical fitness, there has been a growing call for sporting activities in various regions over the past few years, resulting in an increase in basketball tournaments all over the globe, thereby boosting the sale of the product.

However, rigorous standards set by the NBA for the selection of basketball equipment may hamper industry growth during 2022-2028.

Based on product terrain, worldwide basketball gear market is divided into accessories, hoops & backboards, and basketballs. In terms of distribution channel, the industry is split into offline and online.

Regionally speaking, North America market holds a substantial revenue share at present, owing to growing expenditure on sports products, increasing health consciousness, and soaring cases of obesity in the region.

Whereas Europe industry is poised to witness notable growth in the coming years, due to rising popularity of basketball in countries like France, Italy, Germany, Greece, and Spain, etc. as well as a number of European payers entering the pro league, which is further bolstering the demand for basketball gears.

Moving to competitive landscape, BSN SPORTS, Under Armour Inc., Anthem Sports, Scheels, Target Brands Inc., Dick's Sporting Goods Inc., Nivia, Rawlings Sporting Goods Company Inc., and Wilson Sporting Goods Company are the leading players in global basketball gear industry.