The Current State of the Top Sports Equipment Companies in 2022
In 2022, the top 10 largest sports equipment companies will continue to contribute to industry growth. The global sports equipment market was valued at $331.4 billion in 2021 and is projected to reach $500 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.
The growth of the top sports equipment manufacturers in 2022 will be driven by several factors. First and foremost, the increase in demand for sports equipment due to population growth will be a major driver of revenue. In addition, rising incomes and increasing urbanization in developing countries will also contribute to revenue growth. However, there are some challenges facing these companies as well. First, there is a growing concern about the health effects of using certain types of sports gear; this could lead to lower sales or even legal action against these companies if they are found to have knowingly created dangerous products. Second, some governments are taking steps to limit the use of certain types of sports gear because they believe it is contributing to climate change or other environmental issues. The top sports equipment companies in the world are leading this growth.
Who are the largest sports equipment companies? At present, the market is dominated by large companies such as Nike, Puma, and VF Corporation. Nike has been working on developing smart shoes that can track your performance and offer advice based on your data. Adidas has created an artificial intelligence chatbot called EQT Genius that allows you to access information about your shoe while wearing it. Puma has developed a shoe with a built-in camera so you can record your workouts without having to carry around another device. Many other companies are also doing well in this market including Asics, Mizuno, New Balance, and Under Armour.
This article will provide a breakdown of the top 10 largest sports equipment companies in the world as of 2022, including information about their revenues and annual sales. This data can help you answer the following questions about the global sports equipment manufacturing industry.
- Who are the top sports equipment companies in the world?
- Where are they located?
- What types of products do they produce?
- What are the top sports equipment manufacturers by revenue?
- What are the leading companies across various other sporting goods industries?
- Global sports equipment industry stats and trends you should know.
- How to market your business to sports equipment companies.
BizVibe provides information on the top 10 largest sports equipment manufacturers in the world, including Nike, Adidas, and Under Armour as well as many smaller companies. The database also contains detailed information about each company’s products and services as well as risks of doing business.
Global Sports Equipment Industry Stats and Trends
The global sports equipment industry is a thriving part of the global economy. Recently, it has been estimated that the industry will grow at a rate of 6.4% annually until 2030. The growth is driven by an increasing number of people participating in sports and fitness activities, especially among children and adolescents. The increase in awareness about the health benefits of sports and fitness activities is also helping the industry grow.
In this article, we’ll go over the global sports equipment industry stats and trends you need to know about.
- The global sports equipment industry is a massive market, valued at $331.4 billion in 2021, and is projected to reach $500 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.
- The popularity of fitness apps and wearables has led to an increase in health-conscious consumers
- More people than ever are working out at home or using apps to track their workouts instead of going out to a gym, which means more people are buying fitness equipment like treadmills, bikes, and rowing machines.
- What are the big 3 sports equipment industries and categories? The big 3 sports equipment industries are Golf Club Manufacturing, Bowling Equipment Manufacturing, and Baseball Glove Manufacturers
Top 10 Largest Sports Equipment Companies in the World 2022
The following is a list of the top 10 largest sports equipment companies in 2022 ranked by revenue, influence, and more. We offer detailed information about the product and service offerings, major achievements, and geographical locations of the leading sports equipment manufacturers.
Rank |
Sports Equipment Company |
Headquarters |
Annual Revenue (USD billions) |
| 1 | Nike | USA | 37.4 |
| 2 | Adidas | Germany | 25.12 |
| 3 | Amer Sports | Finland | 2 |
| 4 | Puma | Germany | 6.89 |
| 5 | Under Armour | USA | 5.27 |
| 6 | New Balance | USA | 4.4 |
| 7 | Lululemon Athletica | Canada | 6.26 |
| 8 | Athleta | USA | 16.7 |
| 9 | Avery Dennison | USA | 2.35 |
| 10 | Asics | Japan | 2.83 |
The following is a list of the largest sports equipment companies in the world, ranked according to revenue and market leadership.
1. Nike
Who is the largest sports equipment company in the world? Nike ranks number 1 on our list of the top 10 largest sports equipment companies in the world in 2022 generating annual revenues of USD 37.4 billion. The company was founded by Bill Bowerman and Phil Knight. Its headquarters are located in Beaverton, Oregon, USA. Nike has more than 500 retail stores worldwide, including flagship locations in New York City, London, and Shanghai. The company also operates more than 200 online stores for its products globally. In addition to footwear, clothing, and accessories for men, women, and children, Nike also sells bags, watches, and sunglasses through its online store.
Nike was founded by two former University of Oregon runners Phil Knight and Bill Bowerman who initially started selling running shoes from their car trunks at track meets around the country. The company has since grown into one of the most recognizable brands in the world with a market capitalization of over USD 80 billion as of December 2018 (Forbes). In addition to its headquarters in Oregon, it operates offices around the globe such as Amsterdam (Netherlands), Shanghai (China), Singapore (Singapore), Hong Kong (Hong Kong), and London
- Revenue: USD 37.4 billion
- Headquarters: USA
2. Adidas
Adidas ranks 2nd on this list of the top 10 largest sports equipment manufacturers in the world in 2022. Adidas is a multinational corporation based in Germany that designs and manufactures athletic shoes, clothing, and accessories. Its logo is three stripes, which are also known as “the sportswear stripes.” Adidas has been one of the most popular brands in the world for decades. The company was founded by Adolf Dassler in 1924 in Herzogenaurach, Germany. It became successful when it started making sporting goods for athletes and sports clubs. It was one of the first companies to use the term “sportswear.” It makes products for many sports such as tennis, football (soccer), basketball, running, and more.
- Revenue: USD 25.12 billion
- Headquarters: Germany
3. Amer Sports
Amer Sports ranks 3rd on this list of the top 10 largest sports equipment brands in the world in 2022. Amer Sports Corporation is a Finnish manufacturer of sporting goods. It owns brands such as Wilson, Atomic, and Suunto. The company was founded in 1983 and is based in Helsinki, Finland. Amer Sports has more than 20,000 employees and operates in more than 90 countries worldwide. In 2019, Amer Sports recorded revenue of USD 2 billion with a net profit of USD 170 million.
Amer Sports sells its products worldwide, but it focuses primarily on Europe, North America, Asia, and Australia. The brand has been around for nearly 70 years and has become one of the most recognizable names in the world of sports equipment manufacturing.
- Revenue: USD 2 billion
- Headquarters: Finland
4. Puma
Puma ranks 4th on this list of the top 10 largest sports equipment companies in the world in 2022. Puma is an international company that designs, develops, and sells athletic and casual footwear, apparel and accessories. Founded in the German town of Herzogenaurach in 1924, the company is currently headquartered in Herzogenaurach, Germany. Puma also owns other brands such as Cobra Golf and Rocawear.
- Revenue: USD 6.89 billion
- Headquarters: Germany
5. Under Armour
Under Armour ranks 5th on this list of the largest sports equipment companies by revenue. Under Armour is a leading global athletic brand, whose products include apparel, footwear, and accessories. Under Armour’s mission is to make all athletes better through passion, design, and the relentless pursuit of innovation. The company’s commitment to using cutting-edge technology to improve products has resulted in an impressive list of innovations including HeatGear®, ColdGear®, AllseasonGear®, and Charged Cotton® fabric technologies. Its brand portfolio includes performance footwear brands such as Under Armour (UA) Athletic footwear, the signature footwear collection for professional athletes; the Under Armour Golf portfolio that includes golf clubs, balls, bags, and accessories; and Hayworth eyewear that features protective lenses for ski/snowboard goggles with prescription lens options available.
The company was founded as a sports apparel company in 1996 by Kevin Plank in Washington DC. In February 2018, it acquired the fitness app Recordly which focuses on recording fitness goals and progress. In October 2018 it launched Under Armour Health Box which is an app-based platform that offers personalized training programs.
- Revenue: USD 5.27 billion
- Headquarters: USA
Related: Get Free Insights for the Leading Sports Equipment Companies
6. New Balance
New Balance ranks 6th on this list of the top 10 largest sports equipment manufacturers in the world. New Balance is an American footwear company that was founded in 1906 by William J. Riley. It has grown from a small shoe factory to one of the leading athletic shoe manufacturers in the world with over 4,000 employees worldwide. New Balance offers more than 400 styles of shoes for both men and women as well as children’s shoes.
The company’s headquarters are located in Boston, Massachusetts but its products are manufactured in Asia with most of its factories located in China and Vietnam. The company was named after its founder who wanted his creations to be perfect from head to toe (or foot). They offer a wide range of footwear styles including running shoes, walking shoes, and everyday casual shoes.
In addition to being a leading athletic shoe manufacturer, New Balance also produces clothing and accessories such as hats, sunglasses, and watches.
- Revenue: USD 4.4 billion
- Headquarters: USA
7. Lululemon Athletica
Lululemon Athletica ranks 7th on this list of the top 10 largest sports equipment companies in the world in 2022. Lululemon Athletica is a Canadian retailer of athletic apparel and accessories that was founded by Dennis “Chip” Wilson and his wife Shannon Wilson in Vancouver, British Columbia, Canada. The company sells its products under its trademarked name Lululemon. The company has its headquarters in Vancouver, Canada and it has stores across North America and Europe. In 2010, Lululemon started opening stores outside North America including London, England; Tokyo, Japan; Sydney, Australia; Shanghai, China; and Dubai.
- Revenue: USD 6.26 billion
- Headquarters: Canada
8. Athleta
Athleta ranks 8th on this list of the largest sports equipment companies in the world. Founded in 1998, Athleta was acquired by Gap, Inc. in 2008. The company opened its first store in Mill Valley, California, in 2011. In 2016, it launched the Power of She campaign and debuted its Athleta Girl line.
- Revenue: USD 16.7 billion
- Headquarters: USA
9. Avery Dennison
Avery Dennison ranks 9th on this list of the top 10 largest sports equipment manufacturers in the world in 2022. Avery Dennison is a multinational corporation that provides a range of products and services to businesses and consumers worldwide. The company offers a variety of adhesive products, including pressure-sensitive labels, removable labels, specialty films and papers for packaging, identification systems, promotional products, safety products, and office supplies. Avery Dennison also produces industrial labels and tapes for industrial machinery, equipment, and containers. In addition to its global headquarters in Glendale, California, the company has operations around the world in countries such as Mexico, Singapore, and China.
- Revenue: USD 2.35 billion
- Headquarters: USA
10. Asics
Rounding out this list of the top 10 largest sports equipment companies in the world in 2022 is Asics. Asics Corporation is a Japanese company that manufactures athletic shoes, clothing, and accessories. Founded in 1949 by Kihachiro Onitsuka as Nippon Onitsuka Co., Ltd, the company was renamed Asics in 1977 when Onitsuka became a subsidiary of the Asics Corporation. The company is known for its sports footwear and athletic apparel, which are sold under the “Asics”, “GEL-Lyte” and “GT-2000” brand names. Asics products are sold and marketed under two different categories: lifestyle products and performance products. In 2015, Asics was ranked as one of Fast Company’s most innovative companies for its FlyteFoam technology that reduces shock on impact by up to 50%.
- Revenue: USD 2.83 billion
- Headquarters: Japan
This is BizVibe’s list of the top 10 largest sports equipment companies in the world for 2022. Various market trends affect the sports equipment industry. While the sports equipment industry is difficult to analyze, it is expected to continue growing in the next five years. The largest companies in the industry are all likely to see a decrease in profitability, which will likely be compensated for by growth within the industry. The sports equipment industry is an interesting area for analysis because of the unique challenges it faces because its products are so expensive. If a company wants to sell a product that isn’t already in demand, such as bicycling goggles, then it will have to compete heavily on price. Large companies such as Nike and Adidas can lower their prices through mass manufacturing, which can help them compete on price even if they don’t have a large market share.
Companies that are leaders in this industry need to develop strategies to succeed amidst intense competition. They have to come up with new technologies, produce goods at lower costs, and maintain an edge over competitors. So, if big brands like Nike and Adidas know how to tap into this market with the right strategies, you should too. Research how these companies approach their business strategies.
The Future of the Sports Equipment Industry
The future of the sports equipment industry looks bright. There are hundreds of millions of dollars being spent on different sports equipment each year, and the amount of money being invested into research is growing as well. With all this money at stake and new technologies emerging, it’s very easy to see why the sports equipment industry is making leaps and bounds of progress with every passing day.
The sports equipment industry, specifically in the areas of golf, boxing, and cycling, will continue to grow as consumers look for fitness activities that allow for large social gatherings. The advent of 3-D printing will continue to have an impact on the sports equipment industry since it will lower production costs and empower designers to create more accurate prototypes.
Role of Big Data
Big data and virtual reality are words that you will likely hear more in the coming years, especially as companies like Nike look to improve athletes’ performance, lower the costs of technology, and combat counterfeit sports goods. What does this mean for you, their customer? Greater variety in selection, affordability, and better performance from the gear you use. As the sports equipment industry continues to innovate and grow, keep your eye on emerging technologies that can help enhance your experience as the top 10 largest sports equipment companies in the world mentioned on this list continue to drive growth with innovative business strategies.
Additional Companies from the Sports Equipment Industry
In addition to the largest sports equipment companies, there are various other sports equipment industries to keep an eye on in 2022.
Top Sports Equipment Suppliers in the USA
This is a list of the top suppliers of sports equipment in the USA.
1. Franklin Sports
- Revenue: USD 39.98 Million
- Headquarters: Stoughton, MA
2. ProMAXima
- Revenue: USD 30.76 Million
- Headquarters: Houston, TX
3. Show Me Weights
- Revenue: USD 1.39 Million
- Headquarters: Fenton, MO
