You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN, June 23, 2020 /PRNewswire/ -- The "Sports and Leisure Equipment Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global sports and leisure equipment market is projected to register a CAGR of ~4.5% during the study period.The booming enthusiasm for country-level and international tournaments is gaining tremendous followers worldwide and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand of associated businesses, including sports and leisure equipment.Furthermore, the prominence of sports activities, especially ball sports, owing to health and wellness trends, the increasing influence of social media and celebrity endorsement is encouraging consumers to buy various types of sports equipment.Key Market TrendsIncreased Sports Participation Rate Owing to Favorable Government InitiativesGlobally, there has been a significant rise in the percentage of population adopting a healthy lifestyle and the preference for staying fit has increased consumer indulgence in various sports activities. In line with the athleisure trend, consumers are increasingly seeking for various sports and leisure equipment, especially ball sports. Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market for the last few years. For instance, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over the next five years. Such initiatives are expected to encourage more people to indulge in various outdoor sports, which, in turn, will increase the sales of sports equipment.Europe Holds Significant Share in the MarketEurope holds a significant amount of market share, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Countries such as the United Kingdom are notable for the diversity of their sporting interest. Rugby union, golf, football, and tennis are among the most popular sports of the general population in the region. Approximately 40.7% of male adults and roughly 31.7% of female adults participate in sports on a weekly basis. Apart from sports participation, the favorable weather condition (snowfall) is attracting tourists from different parts of the world who are indulging in winter sports. This creates a great opportunity for manufacturers involved in the business of marketing equipment and sports garments, such as ski and snowboarding, to drive the market growth in the region.Competitive LandscapeThe market studied is highly fragmented and consists of regional and international competitors. It is dominated by players, like Adidas AG, Amer Sports, PUMA SE, and Under Armour. These companies are focusing on digital and social media advertisements to make consumers aware about the new product launches in the market. Furthermore, key players are embarking on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.Key Topics Covered: 1 INTRODUCTION1.1 Study Assumptions and Market Definition1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY3.1 Market Overview4 MARKET DYNAMICS4.1 Market Drivers4.2 Market Restraints4.3 Porter's Five Forces Analysis4.3.1 Threat of New Entrants4.3.2 Bargaining Power of Buyers/Consumers4.3.3 Bargaining Power of Suppliers4.3.4 Threat of Substitute Products4.3.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION5.1 By Type5.1.1 Ball Sports Equipment5.1.2 Fitness Sports Equipment5.1.3 Adventure Sports Equipment5.1.4 Golf Equipment5.1.5 Others5.2 By Distribution Channel5.2.1 Supermarkets/Hypermarkets5.2.2 Speciality Stores5.2.3 Online Retail Stores5.2.4 Others5.3 Geography5.3.1 North America5.3.1.1 United States5.3.1.2 Canada5.3.1.3 Mexico5.3.1.4 Rest of North America5.3.2 Europe5.3.2.1 Spain5.3.2.2 United Kingdom5.3.2.3 Germany5.3.2.4 France5.3.2.5 Italy5.3.2.6 Russia5.3.2.7 Rest of Europe5.3.3 Asia-Pacific5.3.3.1 China5.3.3.2 Japan5.3.3.3 India5.3.3.4 Australia5.3.3.5 Rest of Asia-Pacific5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Middle-East and Africa5.3.5.1 South Africa5.3.5.2 United Arab Emirates5.3.5.3 Rest of Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Most Active Companies6.2 Most Adopted Strategies6.3 Market Share Analysis6.4 Company Profiles6.4.1 Amer Sports6.4.2 Nike Inc.6.4.3 Adidas AG6.4.4 Puma SE6.4.5 Groupe Rossignol6.4.6 Under Armour6.4.7 Acushnet Holdings6.4.8 New Balance6.4.9 ASICSC Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit https://www.researchandmarkets.com/r/xqq5xe Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Global Sports and Leisure Equipment Market (2020 to 2025) - Growth, Trends, and Forecasts