USA football market is fragmented due to presence of global brands.
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| The adidas AG, ANTA, and BRG Sports's football products will dominate the market. Image: Pixabay |
NY: The US American football items market size is estimated to expand by USD 209.44 million from 2022 to 2027, growing at a CAGR of 4.08%, revealed Technavio. Recently.
According to the Technavio study, the presence of many global and regional companies like adidas made the American football equipment market fragmented.
A few prominent companies that offer American football equipment market in US are adidas AG, ANTA Sports Products Ltd., BRG Sports Inc., Certor Sports LLC, Champro Sports, Douglas Pads, EZ GARD Industries Inc., Franklin Sports Inc., Grip Boost Inc., Nike Inc., Rawlings Sporting Goods Co. Inc., Under Armour Inc., Varsity Brands Holding Co. Inc., VOIT Corp., Xenith LLC, and XTECH Protective Equipment LLC.
The reason behind the prediction is the increasing of youth participation that is driving the growth of the football equipment market in the US.
The average cost of American football expenditure for children, including equipment and coaching, is less than USD 1,000 per year.
Typically, sports such as American football promote physical activity and fitness. Thus, the increasing participation of youth in American football will change the demand for American football goods, which, in turn, will boost the sales of them during the projected timespan.
Protective gear is a large revenue source for American football equipment. It includes cups and athletic supporters; elbow sleeves and arm pads; gloves; girdles; hip, knee, thigh, and tail pads; mouth guards; neck rolls; shoulder pads; and rib protectors.
These accessories, the protective gear segment will be significant during the same period.
The rules enforced by football products bodies such as the FLS mandate the use of protective gear. These factors will fuel the growth of this segment.