May 08, 2019: Global sports goods market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Sports goods are also termed as sports equipment’s that are necessary to wear while playing or exercise for protection against injuries.
The factors that are playing a major role in the growth of sports goods market are rising awareness among populace regarding healthy lifestyle and increasing demand for lightweight sports goods. However, the high cost of equipment’s and the popularity of online/video games are the factors that may restrain overall market growth in the years to come. Sports goods market is segmented based on type, price, distribution channel, and region.
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Types such as fitness sports equipment’s, outdoor sports equipment’s, indoor sports equipment’s, and others could classify Sports Goods Market. Outdoor sports equipment’s may account for the substantial market share of Sports Goods and is estimated to continue its dominance in the years to come. Price into high price, low price, and medium price could classify sports goods market.
Distribution channel into online retailing stores, exclusive stores, sports equipment stores, and others classify sports goods market. Sports equipment stores may account for the significant market share of sports goods and are estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the availability of popular brands and great discounts on the goods.
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Sports goods market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America may account for the significant market share of sports goods and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising consciousness among the populace regarding health, increasing problems related to the obesity and heart, and growing number of people taking part in sports activities. The United States is a major consumer of sports goods in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The key players of sports goods market are Yonex Co., Ltd., Amer Sports, Jarden Corporation, Adidas AG, Nike Inc., Callaway Golf Company, Nike Inc., Puma SE, Mizuno Corporation, Cabela’s Incorporated, and Globeride, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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23 May 2019 - Global Sports Good Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The Sports Good Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Sports Good Business, Market Share of Product, Application and Regional Scope of Sports Good which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
This report will help the viewer in Better Decision Making.Top Key Manufacturers – Callaway Golf Co., Amer Sports Co., Puma SE, Adidas AG, Nike, Inc., Mizuno Co.To get a free sample request at: https://www.millioninsights.com/industry-reports/sports-goods-market/request-sampleIncreasing awareness about health benefits associated with sports and fitness activities such as improved health and reduced the risk of chronic disorders are boosting the market demand of sports goods.
Additionally, sports and fitness activities helps to limit depression, cardiovascular diseases, and diabetes.
Such factors are leading to the soaring demand of sports and fitness activities.
Globally, the market is predicted to grow at significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the sports goods & equipment.Rising adoption of sports good & equipment during sports activities in order to avert injuries to leg muscle, knee pain, hip pain, and back pain, is leading to substantial purchase of sports good & equipment in North America and Asia Pacifica market.
Expanding instances of sports wounds and street mishaps, the rising number of diabetes-related removals, and the developing commonness of osteosarcoma throughout the planet are ready to drive the worldwide market.
For instance, the National Association for the Advancement of Orthotics and Prosthetics (NAAOP) composed an open letter to all state lead representatives dated March 19, 2020, looking for continuation of Prosthetic and Orthotic Care administrations as a component of fundamental medical advantages that patients should approach during the pandemic.
According to the American Physical Therapy Association (APTA), the yearly games injury rate in the U.S. was around 8.7 million out of 2018.
This factor is expected to drive the interest, helping market development over the gauge time frame.
A disturbing ascent in the recurrence of street mishaps is one of the main sources of expanded instances of removal.
As indicated by the Association for Safe International Road Travel (ASIRT), around 20-50 million individuals across the globe were harmed or debilitated inferable from street mishaps in 2018.
Through this, the fans can make their own teams by choosing the players who they think will perform better than the rest.
Fantasy sports app is just about enthusiasm, fun, passion, expectation and in particular money rewards in terms of bonus and real cash prizes a fan can get.
Furthermore, the popularity of Fantasy Sports App is expected to rise in the upcoming years.
The gap between 67% awareness and 10% adoption signifies that the future is bright for this industry in the Indian market.
2 out of 3 which means 67% of the 18 crore online Indian cricket fans are well known with the concept of fantasy sports.
Dream11 is the leading fantasy cricket sports application platform that doesn’t require any introduction amongst sports fans in India.
