Global Lacrosse Equipment Market 2017-2021

Global lacrosse equipment market forecast

According to the lacrosse equipment market growth statistics, the global lacrosse equipment market will grow steadily during the forecast period and post a CAGR of almost 3% by 2021. This industry research report identifies the increasing participation at high school and collegiate levels to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the emergence of several youth teams and camps, lacrosse is gaining increased popularity across the world, especially in the Americas where the female participation is rising at a faster pace. It has been observed that the participation among the students from high schools is more than the participation rate at the collegiate level. The recent years also witnessed an increased participation in the National Collegiate Athletic Association (NCAA) championship in the US. This increasing level of participation in the sport will subsequently increase the demand for the associated equipment, thereby, fueling market growth in the coming years.

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This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the market throughout the next four years. The region consists of several countries that are active participants in the sport such as England, Italy, the Netherlands, Norway, the Czech Republic, Poland, Sweden, Wales, Austria, Belgium, Germany, Finland, Spain, France, and Ireland. The presence of a number of established associations and clubs for the sport such as the European Lacrosse Federation (ELF) and the increasing popularity of the sport will be the major factors driving the demand for lacrosse equipment in this region.

Competitive landscape and key vendors

The market is mainly concentrated in the developed countries of the Americas and Europe and is characterized by the presence of multiple active vendors. Lacrosse equipment manufacturers are constantly focusing on identifying opportunities to expand their geographical presence to increase their customer base. With the increasing participation in the sport among students from schools and colleges, vendors in the market will experience a rise in the demand for lacrosse equipment, which will intensify the market’s competitive environment. Lacrosse equipment companies mainly compete on factors such as product pricing, quality, brand, and a variety of products and are also concentrating on deducing effective strategies to increase their market shares.

The leading vendors in the market are

• East Coast Dyes (ECD)
• Nike
• StringKing
• Under Armour
• Warrior Sports

The other prominent vendors in the market are A&R, Champion Sports, CHAMPRO Sports, Epoch Lacrosse, STX, and Stylin Strings.

Segmentation by product type and analysis of the lacrosse equipment market

• Protective gears
• Lacrosse sticks
• Lacrosse balls
• Accessories

Based on the lacrosse equipment industry analysis, the protective gears segment accounted for the major shares and dominated the market. The increasing demand for protective gears, owing to the changing regulations that mandate their usage will drive the market’s growth prospects in the coming years. The level of vendor competition in the market is intense and companies follow strategies such as celebrity endorsements and increased R&D investments to enhance their customer base.

Segmentation by distribution channel and analysis of the lacrosse equipment market

• Sporting goods retailers
• Department stores, hypermarkets, and supermarkets
• Online retail

According to this market research and analysis, the sporting goods retailers segment accounted for the major shares and dominated the market during 2016. The increased customer preference is due to the availability of products from a wide range of brands. Analysts predict that this segment will continue to dominate the market throughout the next four years as well.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lacrosse equipment market?
• What are the key market trends impacting the growth of the global lacrosse equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global lacrosse equipment market?
• What are the market opportunities and threats faced by the vendors in the global lacrosse equipment market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global lacrosse equipment market?

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