DUBLIN, October 17, 2017 /PRNewswire/ --
The "Global Sports Luggage Market 2017-2021" report has been added to Research and Markets' offering.
The global sports luggage market to grow at a CAGR of 4.07% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global sports luggage market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of sports luggage required for sports like golf sports, ball sports, racket sports, hockey, and cricket. With increasing interest in sports, especially among children, the global sports luggage market will grow significantly during the forecast period.
One trend in the market is use of improved raw materials in sports equipment. There is an increased demand for lightweight sports equipment, including sports luggage. Lightweight sports luggage, with lightweight equipment in it, gives proper control to the user and provide them with a high level of flexibility, one of the preference factors by most consumers.
According to the report, one driver in the market is growing participation of children in sports. Increasing interest in sports among children aged 5-12 years is a major driver that is expected to propel the growth of the global sports equipment, including sports luggage, market during the forecast period.
Further, the report states that one challenge in the market is worldwide growth of counterfeit sports goods. The easy availability of a number of counterfeit products will likely hinder the growth of the market during the forecast period. The presence of a number of counterfeit products will also lead to market fragmentation, which eventually might result in a lack of price standardization, an uneven competitive scenario, and market share erosion. Counterfeit products are priced at a much lower rate than branded products to gain a competitive advantage over international brands, but they lack quality and durability. However, these products are preferred by low-income consumers as they are affordable.
Key Market trends
- Use of improved raw materials in sports equipment
- Growing women participation in sports
- Adoption of wellness and sports activities by major corporates
- Advent of environment-friendly sports equipment
- Emergence of e-commerce and online retailing
- Under Armour
Other prominent vendors
- ASICS America
- BAUER Hockey
- DUNLOP SPORTS
- Grays of Cambridge
- Gunn & Moore and Unicorn Products
- Prince Global Sports
- Wilson Sporting Goods
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Product
- Market Segmentation By End-User
- Market Segmentation By Distribution Channel
- Geographical Segmentation
- Key Leading Countries
- Decision Framework: Drivers & Challenges
- Drivers And Challenges
- Market Trends
- Competitor Landscape
- Key Competitor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/dj2d5h/global_sports
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SOURCE Research and Markets