Global Sports Luggage Market 2017-2021

Overview of the global sports luggage market

Research analysis on the global sports luggage market identifies that the rising participation of children in sports will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will register a revenue of almost USD 2.3 billion by 2021. Numerous schools and colleges are offering training to students for several sports activities such as cricket, badminton, tennis, and ball sports that encourages them to take part in events and tournaments. Children aged between 5-12 years have high interests in sports which is a key driver for the growth of the global sports equipment market. This in turn, will drive the growth of the sports luggage market during the forecast period. With the growing demand, vendors in the market are focusing on launching many multipurpose sports luggage that can carry all sports equipment at a time.

In terms of geographic regions, the Americas will be the major revenue contributor of the sports luggage market throughout the forecast period. The high participation rates in hockey, racket sports, and cricket and the increased involvement of women in sports, will be the major factors driving the growth of the sports bag market in this region.

Competitive landscape and key vendors

Owing to the presence of many established players, the sports luggage market appears to be fragmented. The international and local players in the market compete based on many factors including price, quality, brand, and variety. Sports luggage manufacturers have their presence in both physical stores and online platforms and are also adopting omnichannel strategies to compete with the brick-and-mortar retailers and e-retailers.

The leading vendors in the market are ?

• adidas
• Nike
• Under Armour
• VFC
• YONEX

The other prominent vendors in the market are ASICS America, Babolat, BAUER Hockey, DUNLOP SPORTS, Grays of Cambridge, Gunn & Moore and Unicorn Products, HEAD, KOOKABURRA, Prince Global Sports, PUMA, Slazenger, STX, Tecnifibre, and Wilson Sporting Goods.

Segmentation by product and analysis of the sports luggage market

• Golf luggage
• Ball sports luggage
• Racket sports luggage
• Hockey luggage
• Cricket luggage

During 2016, the golf luggage segment accounted for the major shares of the sports luggage market. Factors such as the growing awareness of the game in the developing countries and the increasing purchasing power of individuals will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the sports luggage market

• Professional users
• Recreational users

According to this market research report, the professional users segment will account for the maximum shares of the sports luggage market until 2021. Most of the professional players prefer to have their own sports luggage during travel. The growing participation in sports at high school and collegiate levels will be a major factor driving the growth of the sports bag market in this segment.

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 sports luggage market?
• What are the key market trends impacting the growth of the global sports luggage market?
• What are the challenges to market growth?
• Who are the key vendors in the global sports luggage market?
• What are the market opportunities and threats faced by the vendors in the global sports luggage market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global sports luggage market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming report on the global sports luggage market is an integral part of Technavio's consumer and retail industry portfolio, under the fast-growing luggage sector. The consumer and retail industry encompasses several sub-industries including apparel and textile, cosmetics and toiletry, pet supplies, and retail systems. Technavio's market intelligence research reports on retail and consumer goods identify the growth drivers, trends, and challenges that this sector is currently experiencing. It also presents insights into the changing competitive landscape to offer businesses with a realistic picture of the future direction of this industry.

The industry research report on the global sports luggage market provides an extensive analysis of the various factors influencing the growth of the market. For instance, according to our analysts, growing popularity of outdoor and adventure sports, especially among the millennials is expected to drive this market's growth over the coming years. Additionally, to offer an incisive look into the competitive landscape of the market, this report includes some of the vendors operating in this market space such as Adidas, Amer Sports, and Nike.

Besides identifying the various factors that may have a direct impact on this market's growth, this report also offers an analysis of the market across different geographical regions including the Americas, APAC, and EMEA. To accurately predict this market's growth prospects, our analysts closely follow the growth pattern of similar markets such as the global travel duffel bags market, which is expected to grow at a CAGR of more than 13% until the end of 2020.  

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.