Hockey is a well-known sport that is played with a stick and a ball. The hockey sticks can be of different variations depending on the player's efficiency. These are made of different materials like carbon fiber, aramid, and others that make it light in weight and strong. Shin guard helmet, gloves shoes, and other equipment are also needed to play hockey. These equipment help the player to work more efficiently and effectively on the field.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in the advanced equipment and increase in interest of outdoor sports due to health consciousness drive the growth of the global field hockey equipments market. The rise in the commercialization, ads, and an increase in the brands of hockey equipment has supported the growth of the global market. The rise in sports committees in the college and sport events also contribute to the demand for the field hockey equipment. However, rise in interest in other sports like badminton and football create a threat toward the growth of the global field hockey market.
The global field hockey equipment market trends are as follows:
The companies are making strategies to gain a competitive edge against other companies owing to the increase in demand for field hockey equipment. So, the companies sponsor sports events and players that help them in improving their market image. This also gains the attention of the customers and makes an impact on the customer's preferences.
With the increase in the craze of outdoor games, the player wants the best equipment that is durable and efficient. The companies are producing products that are more durable and efficient, and also protects players from any injury.
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COVID-19 Scenario Analysis:
- COVID-19 has deeply affected the sports equipment market.
- The demand for the sports equipment is hit gravely by the pandemics. Many sports events are delayed, which has caused a downfall in the sales of sports events.
- This has decreased the cash inflow in the companies.
- As many people staying in their homes so the outdoor sports equipment market is facing a downfall in the revenue.
- The factories have also paused their production as there is a decrease in the demand for field sports equipment.
- With the cancellation of many sports events has affected many sports companies and committees.
- This will also affect the global economy.
Key Benefits of the Report:
- This study presents the analytical depiction of the global field hockey equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global field hockey equipment market share.
- The current market is quantitatively analyzed to highlight the global field hockey equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global field hockey equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
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According to this study, over the next five years the Cricket and Field Hockey market will register a 3.4% CAGR in terms of revenue, the global market size will reach US$ 369.9 million by 2024, from US$ 312.9 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Cricket and Field Hockey business, shared in Chapter 3.Globally, the Cricket and Field Hockey’s industry market is low concentrated as the manufacturing technology of Cricket and Field Hockey is relatively matures.
And some enterprises, like Gray-Nicolls, Sanspareils Greenlands, Kookaburra, Slazenger etc.
are well-known for the wonderful performance of their Cricket and Field Hockey.With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Cricket and Field Hockey market to approach these areas.
Analysis of the Cricket and Field Hockey market indicated that India would account for the highest sales in 2025 with close to 30 percent of global sales coming from this region.The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.This report presents a comprehensive overview, market shares, and growth opportunities of Cricket and Field Hockey market by product type, application, key manufacturers and key regions and countries.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/3265068 The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.Gray-NicollsSanspareils GreenlandsKookaburraSlazengerPumaGunn & MooreAdidasMazon HockeyNikeMRFSareen Sports IndustriesGryphon HockeyBritish Cricket BallsCallen CricketOsaka HockeySommersThis study considers the Cricket and Field Hockey value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.CricketField HockeySegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.ProfessionalClubSchools and IndividualsBrowse the complete report @ https://www.orbisresearch.com/reports/index/global-cricket-and-field-hockey-market-growth-2019-2024This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
