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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