Global Sports Luggage Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Sports Luggage Market Overview
"The Sports Luggage Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Bags designed to contain and carry any sports equipment are referred to as sports luggage. Items in sports luggage can include anything related to a particular sport, such as football, basketball, volleyball, cricket, baseball, and others.
Growing participation and interest in various sports and games results in rising need and demand for different sporting goods and products. Increasing participation in professional sports is also projected to drive demand for sports luggage and fuel market growth over the forecast period.
Growing awareness among parents about child obesity and active involvement in promoting confidence and camaraderie among children or various age groups is projected to support market growth. Obesity is a growing concern among parents, educational institute faculty, and authorities.
Participation in sports is being encouraged and promoted as a result, as an active lifestyle helps to significantly reduce obesity and can help to manage body weight and overall health. According to the Sports & Fitness Industry Association (SFIA), children who do not indulging in any form of physical activity drop out of school or dislike their studies.
Growing number of sports events and tournaments is also projected to result in increasing demand for sports luggage and related products, which is expected to drive the market's growth over the forecast period. However, reducing children's participation in sports and games is expected to restrain demand to a certain extent shortly. Competitive pricing of branded products is projected to open up revenue opportunities for players operating in the target market.
Global Sports Luggage Market Segment Analysis:
By Product: Among the product segments, the ball sports segment is expected to account for the highest revenue share in the global sports luggage market. The trend is projected to continue over the forecast period. This growth can be attributed to the increasing popularity of various ball sports such as basketball, football, and volleyball.
By Distribution Channel: The offline segment among the distribution channel segments is projected to dominate the market owing to a wide variety of sports products available in retail stores. Through this channel, consumers have a wider range of products to choose from and the touch-and-feel experience.
Global Sports Luggage Market Regional Analysis:
The market in Asia Pacific is expected to register a high revenue share in the global market over the forecast period. This growth can be attributed to growing participation in various sports and games, and rising disposable income among consumers, especially in developing economies.
Global Sports Luggage Market Segmentation:
- Ball Sports
- Racket Sports
By Distribution Chanel:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Adidas AG
- Amer Sports
- Nike, Inc.
- PUMA SE
- Under Armour, Inc.
- VF Corporation
- Yonex Co., Ltd.
- Acushnet Holdings Corp.
- Bridgestone Corporation
- Callaway Golf Company
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