JUNEASIA BUSINESS OUTLOOK19SPORTS EQUIPMENT DISTRIBUTORS - 2023TOP 10 Bring Back your Pulsating Power with New Generation Sports EquipmentThe sport is of paramount importance in human life because it brings a moment of fresh air which is miserably needed in between the bustling life of corporate contemporary world. Sports reduce anxiety, and rejuvenate all the limbs and cells of our body. In the wake of pandemic, sports industry has dramatically grown to such a height that it has become one of the most profitable one in last two years.Significance of Sports: The most important feature of sports is that it teaches us the importance of discipline and teamwork; it also teaches us the value of punctuality. We tend to understand how to handle failure with a broad smile. It enhances the brain power by recharging it and helped to build self-confidence. Undoubtedly, sports bring happiness and joy in the life of individuals.Sports Industry: Firstly, the whole sports industry includes three sectors namely, public, nonprofit and commercial. This industry focuses on all aspects of economies, management, marketing and finance. Many sports startups have entered in the business and have already made their mark in the industry. The sports companies are dealing in A-to-Z products related to sports like bats, rackets, shuttle cork, balls of various shapes and sizes for different sports, sports-wear like gloves, hand and knee guards, swim suits, gym-wear shirts shoes, and socks, bottles, protein powders and what not. Many sports equipment distributors have entered to the new horizon of health and fitness industry which blended with the sports industry so well that both seem inseparable. Few sports brand has found health clubs where they offer a wide range of sports activity like cricket, tennis, basketball, swimming, squash, and golf along with a clean and trendy gymnasium. Revenue: The market value of this sunrise industry is expected to grow $3214.48 million by 2028. As per the data currently, 128 health clubs are working with 1.25 lakh members in 68 cities fetching the 10 percent of its market share of revenue.Asia Business Outlook magazine provide insights on diverse industries and markets in Asia. In this issue, the magazine spotlights `Top 10 Sports Equipment Distributors - 2023' who have made their signature in the world market through their expertise and innovations. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products and services. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs analysts and our editorial board.
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