Kids Retail Fitness Market Size, Share, Growth, and Industry Analysis, By Type (Kids Fitness Equipment, Kids Fitness Centers, Kids Fitness Clothes and Shoes), By Application (4-6, 6-10, 10-12, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Kids Retail Fitness Market REPORT OVERVIEW

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The global kids retail fitness market size was USD 8012.63 million in 2021 and market is projected to touch USD 15225 million by 2031, at a CAGR of 6.63% during the forecast period.

The global increase in fitness and sports consciousness, as well as an increase in spending on children's sports education and development, are both factors contributing to the expansion of the market for kids retail fitness.

COVID-19 Impact: Decline in Long Term Involvement Hindered Market Expansion

The COVID-19 pandemic hampered growth potential in a number of sectors, including the sports and fitness industry. Numerous competitions and sporting events, such as the Olympics, have had their dates changed or their formats altered. In order to assess the impact of disrupted financial flows, uncertainty, and potential declines in long-term involvement and engagement, market participants are trying to understand what happens downstream. Such factors are expected to impede kids retail fitness market growth.

LATEST TRENDS

"Accelerating the Adoption of Technology in Various Industries to Augment Growth"

The market for kid’s retail fitness has gradually expanded over the past several years, gaining a sizable market share in the overall sports gear and accessory market. Positive market influences include the expansion of children's ball sports, the creation of children's sports apparel and accessories, and the general acceptance of the e-commerce retail sector.

Kids Retail Fitness Market Segmentation

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• By Type Analysis

By type, the market is segmented into Kids Fitness Equipment, Kids Fitness Centers, Kids Fitness Clothes and Shoes.

• By Application Analysis

Based on application, the market is classified into 4-6, 6-10, 10-12, and Others.

DRIVING FACTORS

"Healthy Lifestyle to Offer Growth Opportunities"

The rising obese population as people shift their focus towards healthy living due to the aforesaid reasons will help to boost the global kids retail fitness market in the forecasted period. Team and individual fitness are rising considerably across the world. With an important growth in celebrity endorsements for fitness, the global market for kids retail fitness is anticipated to grow at a significant momentum. The leading producers and sellers in this field are signing famous athletes, and celebrities in order to promote their products and launch advertising campaigns.

"Increasing Sales of Sports Gear to Surge Market Growth"

Global sales of sports gear have been boosted by the escalating popularity of athletes on social media and the rising engagement in sports and leisure activities across all demographics. Sports gear sales have seen significant increase and are anticipated to keep growing during the projection period. Additionally, buyers are increasingly looking for designer sportswear with elements of athletic design in keeping with the athleisure trend.

RESTRAINING FACTORS

"Smartphone Usage May Create Challenges"

The preference of young people for indoor activities like computer games and an increase in smartphone usage as a result of easier access to the internet have a negative impact on market growth.

Kids Retail Fitness Market REGIONAL INSIGHTS

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"Increasing Number of Young Kids to Foster Growth in Asia Pacific"

Asia Pacific is expected to have the largest kids retail fitness market share. With a bigger percentage of their youthful population partaking in sports and other leisure activities in nations like China and India. The demand for sports apparel in the region is anticipated to rise as a result of consumers' growing desire for international brands, rising disposable income, and aspirations for better lives.

North America will dominate the kids retail fitness market. Governments in the area are being inspired to build stadiums and give inhabitants a better athletic experience by the increased popularity of sports like football and basketball. During the projected period, this is anticipated to have a positive impact on the market.

KEY INDUSTRY PLAYERS

"Key Players Focusing on Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Under Armour (U.S.)
• Nike (U.S.)
• Fitwize 4 Kids (U.S.)
• Puma (Germany)
• Miracle Recreation (U.S.)
• My Sports Clubs (U.S.)
• Little Tikes (U.S.)
• Lionheart Fitness Kids (U.S.)
• Fit Kids (U.S.)
• Adidas (Germany)
• Redmon (U.S.)
• Playworld (U.S.)
• JumpBunch (U.S.)
• KidsFit (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources. A comprehensive analysis of the market is provided in the study on the global underwater robotics market. The research provides a thorough analysis of key market segments, restraints, drivers, trends, the competitive landscape, and aspects that are important.