In addition, professional usage of the ball sports luggage across various sports associations, such as National Football League (NFL) and National Basketball Association (NBA), acts as a major factor boosting the product demand. These sports bodies have also undertaken initiatives to increase the awareness about the importance of sports. For example, the Sport for All initiative undertaken by the President's Council on Sports, Fitness & Nutrition aims at educating people about the health benefits of outdoor sports. Basketball type segment held the largest market share of 39.9% in 2023 and will retain its leading industry position throughout the forecast years.
On the other hand, football type segment is projected to expand at the fastest CAGR from 2024 to 2030. Asia Pacific is expected to witness the highest growth during the forecast period on account of increasing awareness about the health benefits of outdoor sports. Moreover, rising number of different sports competitions held across countries, such as China, Japan, and India, will contribute to the product demand. For instance, in June 2017, T2 Asia Pacific was inaugurated, a new table tennis league involving world’s top 24 players.
Ball Sports Luggage Market Report Highlights
- In terms of revenue, North America contributed to the maximum share in the global ball sports luggage market
- The football segment is expected to register the fastest CAGR of 16.4% during the forecast period. One of the key driving factors for growth is the large number of nations engaged in football.
- The online distribution segment is expected to experience the fastest CAGR during the forecast period. The rise of e-commerce platforms offering a variety of products in their catalog is driving the market segment
The leading players in the Ball Sports Luggage market include:
- adidas AG
- Amer Sports
- Nike, Inc.
- PUMA SE
- Under Armour, Inc.
- Sport System S.r.l.
- Belco
- Gala as
- Dunlop Sports
- Mikasa Corporation.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Companies Mentioned
The leading players in the Ball Sports Luggage market include:- adidas AG
- Amer Sports
- Nike, Inc.
- PUMA SE
- Under Armour, Inc.
- Sport System S.r.l.
- Belco
- Gala as
- Dunlop Sports
- Mikasa Corporation.
Methodology
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