Global Smart Sports Equipment Market Size To Exceed USD 7.66 Billion by 2033: Market Insight Report

Global Smart Sports Equipment Market Size To Exceed USD 7.66 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Smart Sports Equipment Market Size is Expected to Grow from USD 2.92 Billion in 2023 to USD 7.66 Billion by 2033, at a CAGR of 10.12% during the forecast period 2023-2033.    

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Smart Sports Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Balls, Golf Stick, Hockey Stick, Rackets & Bats, and Others), By Distribution Channel (Franchise Stores, Specialty Stores, and Online), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033  

The smart sports equipment market refers to the segment of the sports industry that involves equipment embedded with advanced technologies such as sensors, Bluetooth, GPS, and data analytics capabilities. These technologies enable the collection, monitoring, and analysis of performance data to enhance training, improve technique, prevent injuries, and provide real-time feedback to users. Moreover, the driving factors of the Smart Sports Equipment Market include increasing demand for performance-enhancing technologies, growing adoption of wearable devices, rising health awareness, advancements in IoT and sensor technologies, and the popularity of data-driven training methods. Additionally, the integration of smart features in traditional sports equipment and the rise of virtual sports and fitness apps contribute to market growth. However, restraints in the Smart Sports Equipment Market include high product costs, limited consumer awareness, data privacy concerns, technological complexities, and the need for continuous software updates, which may hinder widespread adoption. 

The balls segment accounted for the largest share of the global smart sports equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on product, the global smart sports equipment market is divided into balls, golf stick, hockey stick, rackets & bats, and others. Among these, the balls segment accounted for the largest share of the global smart sports equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to their widespread use across various sports like football, basketball, and tennis. Smart balls offer real-time performance tracking and analytics, appealing to both professional athletes and recreational players for enhanced training and feedback.  

The online segment accounted for a substantial share of the global smart sports equipment market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the distribution channel, the global smart sports equipment market is divided into franchise stores, specialty stores, and online. Among these, the online segment accounted for a substantial share of the global smart sports equipment market in 2023 and is anticipated to grow rapidly during the projected period. This growth is driven by increased internet penetration, especially in countries like India, China, Canada, and Brazil. The convenience of online shopping, coupled with promotions through social media and influencer endorsements, has made online platforms a preferred choice for consumers seeking technologically advanced sports equipment.

North America is projected to hold the largest share of the global smart sports equipment market over the projected period. 

North America is projected to hold the largest share of the global smart sports equipment market over the projected period.  This is driven by high disposable incomes, advanced sports technology adoption, and a strong focus on fitness and health. The presence of key market players and sports enthusiasts further boosts the demand for smart sports products.

Europe is expected to grow at the fastest CAGR of the global smart sports equipment market during the projected period. This is growing health consciousness, increasing participation in sports, and the rise of fitness trends contribute to the demand. Countries like Germany, the UK, and France lead the adoption of smart sports technologies, supported by a strong sports culture.

Company Profiling

Major vendors in the global smart sports equipment market are Adidas AG, Wilson Sporting Goods, Babolat, Riddell, Zepp INC., Gridiron Technologies, DribbleUp, Inc., HockeyShot, InfoMotion Sports Technologies Inc., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2024, TRNR, a NASDAQ-listed company, made a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The transaction is anticipated to close in Q1 2025 and have a beneficial effect on financial results. Interactive Strength Inc., trading as CLMBR and FORME, provides specialty fitness equipment and digital services. CLMBR offers effective, whole-body workouts with low-impact, space-saving designs for many settings. FORME combines intelligent gyms with virtual training in products such as the FORME Studio Lift and FORME Studio, providing varied training formats and health coaching.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global smart sports equipment market based on the below-mentioned segments:

Global Smart Sports Equipment Market, By Product

• Balls
• Golf Stick
• Hockey Stick
• Rackets & Bats
• Others

Global Smart Sports Equipment Market, By Distribution Channel  

• Franchise Stores
• Specialty Stores
• Online

Global Smart Sports Equipment Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa