Approximately 50,000 people are directly employed in the sports goods industry, which is estimated to be worth BDT 1,500–2,000 crore by the Bangladesh Sports Accessories Merchant Manufacturers and Importers Association (BSGMMIA). The growing popularity of sports and fitness activities is a major growth driver for the sports equipment and apparel market. The rising health consciousness among people, especially in the urban areas, is another key factor driving the growth of the market. Moreover, the changing lifestyles of people in developing countries are also fueling the growth of the Bangladesh Sports Equipment and Apparel Industry. According to a research, Bangladesh Sports Equipment and Apparel Market is expected to grow during 2022~2028.  
The market for sports equipment grew significantly between 2021 and 2022, driven by rising interest in different sports and outdoor activities as well as increased awareness of health and fitness. The Sports Equipment industry saw a notable 9.5% increase in revenue from the previous year's US$137.20 billion to an astounding US$149.50 billion in 2022.  
The sports equipment industry is home to a wide range of producers and suppliers, from well-known names like Wilson, Rawlings, Easton, and Spalding to niche businesses that address particular sports and athletic requirements. Every industry category caters to a different clientele, ranging from fitness enthusiasts and recreational sports players to professional sportsmen.