The volleyball equipment market size has the potential to grow by USD 196.56 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (balls, shoes, protective gear, and others), distribution channel (offline and online), sports discipline (indoor volleyball and beach volleyball), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Amer Sports Corp., ASICS Corp., Baden Sports Inc., Berkshire Hathaway Inc., Bison Inc., Carroll Seating Co., Douglas Sports, Gared Holdings LLC, MIKASA SPORTS USA, and Under Armour Inc.
What will the Volleyball Equipment Market Size be in 2020?
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Who are the Major Volleyball Equipment Vendors?
The volleyball equipment market is fragmented. Players compete on factors such as price, quality, brand, and variety. Different companies take different marketing strategies to increase their market share. Therefore, the practice of sustainability is essential for future production and is well applied by major competitors and other prominent competitors. The market is expected to experience a sizable growth in terms of production capacity during the forecast period as competitors are expected to expand their presence in traditionally low penetrated markets. Amer Sports Corp., ASICS Corp., and Baden Sports Inc. are some of the major market participants. Although the introduction of several new national and international leagues and tournaments will offer immense growth opportunities, the low use of volleyball equipment except for volleyball balls will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this volleyball equipment market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this volleyball equipment market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Amer Sports Corp.
- ASICS Corp.
- Baden Sports Inc.
- Berkshire Hathaway Inc.
- Bison Inc.
- Carroll Seating Co.
- Douglas Sports
- Gared Holdings LLC
- MIKASA SPORTS USA
- Under Armour Inc.
Which are the Key Markets for Volleyball Equipment?
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Europe was the largest volleyball equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Improvements in product quality and advances in functionalities and performance will significantly drive volleyball equipment market growth in this region over the forecast period.
38% of the market’s growth will originate from Europe during the forecast period. The Russian Federation and Italy are the key markets for volleyball equipment in Europe. Market growth in this region will be faster than the growth of the market in MEA and North America.
What are the Major Product Segments in the Volleyball Equipment Market?
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The volleyball balls segment is the most important category of the global volleyball equipment market and is growing at a faster rate than other segments due to the high replacement cycle of volleyball balls. The launch of new balls with improved features for every season of big tournaments has become a trend. This, in turn, helps the replacement cycle to be one year as every season is played for a year.
Market growth in this segment will be faster than the growth of the market in the protective gear segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the volleyball equipment market size.
How will Regional and International Tournaments and Leagues Influence Volleyball Equipment Market Growth?
Technavio’s analysts have identified the growing number of regional and international tournaments and leagues as the major factor to drive the volleyball equipment market during the forecast period. The sport of volleyball has gained tremendous popularity over the past two decades which is likely to contribute to the growth of the market for volleyball training equipment and volleyball accessories. Also, the increased rates of participation fueled by huge successes of worldwide tournaments such as the Olympic Games and FIVB World Championships are expected to augment the growth of the volleyball market. These driving factors are part of the reason why the market is expected to grow at a CAGR of over 4% during the forecast period.
What are the Key Factors Covered in this Volleyball Equipment Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive volleyball equipment market growth during the next five years
- Precise estimation of the volleyball equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the volleyball equipment industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of volleyball equipment market vendors
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