Global Sporting Goods, Hobbies, Musical Instrument, and Bookstore Market Size and Market Growth Opportunities
The Business Research Company’s 2021 Global Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Report: Impact of COVID-19 and Recovery to 2030
LONDON, GREATER LONDON, UK, November 10, 2021 /EINPresswire.com/ – According to new market research report “Sporting Goods, Hobby, Musical Instrument, And Book Stores Global Market Report 2021: COVID-19 Impact And Recovery “published by The Business Research Company, the sporting goods, entertainment, musical instrument and bookstore market is expected to grow from $ 510.32 billion in 2020 to $ 533.59 billion in 2021 at a rate of compound annual growth (CAGR) of 4.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 643.97 billion in 2025 at a CAGR of 5%. The sporting goods, entertainment, musical instrument and bookstore market is expected to benefit from the steady economic growth expected for many developed and developing countries.
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The sporting goods, leisure, musical instrument and bookstore market includes sales of sporting goods, leisure related products, musical instruments and books by entities (organizations, independent traders and partnerships ) who retail new toys; Games; handicrafts; pottery articles; different books; bicycles and bicycle parts; camping equipment; exercise and fitness equipment; sports uniforms; specialized sports shoes; and other sports articles, equipment and accessories. Entities in this industry are also engaged in the retail sale of musical instruments such as piano, guitar, violin and others. Some of the players in this industry also provide repair and rental services for sporting goods and musical instruments.
Global Sporting Goods, Leisure, Musical Instrument and Bookstore Market Trends
Many sporting goods manufacturers invest in personalization and personalization. With the growing number of online users, changing demographics and increasing per capita income, the demand for unique and bespoke products has increased. Global manufacturers of sporting goods such as Nike, Adidas, Puma, ASICS, Sketchers, Fila, etc., are investing more in this area. Race Sporting Goods has launched personalized sportswear to meet customer demands.
Global Sporting Goods, Leisure, Musical Instrument and Bookstore Market Segments:
The global sporting goods, leisure, musical instrument and bookstore market is further segmented:
By Type: Sporting Goods Stores, Hobby, Toy & Game Stores, Musical Instrument & Supply Stores, Other Sporting Goods, Hobby, Musical Instrument & Book Stores
By ownership: retail chain, independent retailer
By Store Type: Exclusive Retailers / Showroom, Included Retailers / Retailer Store
By Geography: The global sporting goods, leisure, musical instrument, and bookstore market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American sporting goods, entertainment, musical instrument and bookstore market accounts for the largest share of the global sporting goods, entertainment, musical instrument and bookstore market.
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The Global Sporting, Leisure, Musical Instrument, and Books Market report 2021 is part of a series of new reports from The Business Research Company that provides market overviews, analysis and forecast for sporting goods, hobbies, musical instruments and bookstores. global market growth of sporting goods, hobbies, musical instruments and bookstores, sporting goods, hobbies, musical instruments and bookstores market share, sporting goods, hobbies, musical instruments Music & Bookstores Market players, Sporting Goods, Leisure, Musical Instrument & Bookstore Market Segments and Geographies, Sporting Goods, Hobby, Musical Instrument & Bookstores Revenue, Profiles and Market Share of main market competitors. The Sporting Goods, Leisure, Musical Instrument, and Bookstore Market report identifies key countries and segments for opportunities and strategies based on market trends and major competitors’ approaches.
Read The Business Research Company’s Global Sporting Goods, Leisure, Musical Instrument, and Bookstore Market 2021 report for insights into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Sporting Goods, Hobby, Musical Instrument and Book Stores Relevant Market Organizations: Nike Inc; Reebok; Adidas AG; Puma SE; Amer Sports Society.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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