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Category: Business and Industry
Date Submitted: 03/21/2016 03:52 AM
Market outlook of the sports equipment market
Research analyst predicts the global sports equipment market to grow at a CAGR of around 3% during the forecast period. The increased awareness of a healthy lifestyle is a key driver for the growth of this market. A hectic lifestyle coupled with rising health issues such as obesity has created a demand for fitness-related sports equipment. The growing concerns over obesity have led the WHO to declare it formally as a global epidemic. For instance, during 2013, New Zealand accounted for 38% of the world obese population.
Report Details@ http://www.researchbeam.com/global-sports-equipment-market
The rising demand for lightweight sports equipment is also expected to propel the market growth during the forecast period. Modern lightweight sports equipment help consumers yield high performance due to their excellent stiffness and high strength. Moreover, they also give full control to the user over the equipment and provide them with a high level of flexibility. Carbon fibre is emerging as a popular replacement for traditional metal, wood, and steel in modern sports equipment.
Product segmentation and analysis of the sports equipment market
Ball sports
Adventure sports
Fitness equipment
Golf equipment
The ball sports segment dominated the market during 2015, with a market share of 24%. The global popularity of sporting events such as cricket, basketball, and football is the key growth driver for this segment. This research report anticipates the ball sports equipment market to reach a market value of around US $20 billion by the end of 2020.
Enquiry For Report @ http://www.researchbeam.com/global-sports-equipment-market/enquire-about-report
Segmentation by retail format and analysis of the sports equipment market
Speciality and sports shops
Department and discount stores
Online retail
Speciality and...