$ 2.3 billion global smart sports equipment industry to 2027
DUBLIN, March 19, 2021 / PRNewswire / – The “Smart Sports Equipment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global smart sports equipment market is estimated at US $ 2.3 billion in 2020, is expected to reach a revised size of 3.6 billion US dollars by 2027, with a CAGR of 6.7% over the analysis period 2020-2027.
Golf clubs, one of the segments analyzed in the report, is expected to register a CAGR of 6% and reach US $ 1.1 billion at the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Balls segment is readjusted to a revised CAGR of 8.1% for the next 7 year period.
The US market is estimated at $ 668.7 million, while China is expected to grow at 6.3% CAGR
The smart sports equipment market in the United States is estimated at US $ 668.7 million in the year 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 625.7 million by 2027, with a CAGR of 6.3% over the analysis period of 2020 to 2027. Other notable geographies include Japan and Canada, each forecasts growth of 6.2% and 5.4% respectively over the period 2020-2027. In Europe, Germany is expected to grow at around 5.5% CAGR.
Snowshoes and Bats segment registers 7% CAGR
In the global rackets & bats segment, United States, Canada, Japan, China and Europe will lead to the estimated 7.1% CAGR for this segment. These regional markets representing a combined market size of US $ 400.1 million in 2020 will reach a projected size of 644.7 million US dollars at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 411.1 million by 2027.
Some competitors (in total 35 featured):
- Adidas AG
- Amer Sports
- Babolat VS SA
- Golfsmith International Holdings Inc.
- Gridiron Technologies LLC
- HockeyShot Inc.
- MIZUNO Company
- Nike, Inc.
- Puma SE
- Riddell Sports Group
- Under Armor, Inc.
- Wilson Sporting Goods Company
- Zepp Laboratories Inc.
Main topics covered:
1. MARKET OVERVIEW
- Overview of the influencer market
- Global market trajectories
- Impact of Covid-19 and an impending global recession
- Market shares of global competitors
- Market share scenario of intelligent sports equipment competitors in the world (in%): 2020E
- Market shares of global competitors by segment
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total number of profiled companies: 35
For more information on this report visit https://www.researchandmarkets.com/r/k62oaa
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SOURCE Research and Markets