The global ball sports luggage market size is expected to reach USD 3.88
billion by 2025 registering a CAGR of 10.4%, according to a new report by Grand
View Research, Inc. Rising importance of outdoor sports in maintaining a
healthy lifestyle is the key factor augmenting the market growth. Preference
for ball games is also a major driving factor for the market. Ball sports
luggage are proven to maintain the quality and rigidness of the material for a
longer period.
In addition, professional usage of the ball
sports luggage across various sports associations, such as National Football
League (NFL) and National Basketball Association (NBA), acts as a major factor
boosting the product demand. These sports bodies have also undertaken
initiatives to increase the awareness about the importance of sports. For
example, the Sport for All initiative undertaken by the President's Council on
Sports, Fitness & Nutrition aims at educating people about the health
benefits of outdoor sports. Basketball type segment held the largest market
share of 39.7% in 2018 and will retain its leading industry position throughout
the forecast years.
On the other hand, football type segment is
projected to expand at the fastest CAGR from 2019 to 2025. Asia Pacific is
expected to witness the highest CAGR of 11.5% during the forecast period on
account of increasing awareness about the health benefits of outdoor sports.
Moreover, rising number of different sports competitions held across countries,
such as China, Japan, and India, will contribute to the product demand. For
instance, in June 2017, T2 Asia Pacific was inaugurated, a new table tennis
league involving world’s top 24 players.
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https://www.grandviewresearch.com/industry-analysis/ball-sports-luggage-market
Further key findings from the study suggest:
· In terms of revenue, North America
contributed to the maximum share in the global ball sports luggage market
· The basketball type segment accounted for
the largest revenue share in 2018 and will continue growing further. The
football type segment is expected to register the fastest CAGR from 2019 to
2025
· The global market is highly competitive and
some of the key companies include Adidas America, Inc.; Amer Sports; Nike,
Inc.; PUMA; Under Armour, Inc.; Sport System S.r.l.; Belco; Gala a.s.; Dunlop
Sports; Mikasa Sports USA
Grand View Research has segmented the
global ball sports luggage market on the basis of type and region:
Ball Sports Luggage Type Outlook (Revenue,
USD Million, 2015 - 2025)
·
Football
·
Basketball
·
Table Tennis
·
Others
Ball Sports Luggage Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
