Global Smart Sports Equipment Market

By Author: kalpesh rajput
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Global Smart Sports Equipment Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 7.49% through 2020 to 2027, reaching US$ XX Mn. Global Smart Sports Equipment Market To know about the Research Methodology :- Request Free Sample Report
Global Smart Sports Equipment Market Overview:
Smart sports equipment are those sports equipment which are digitally connected with sensors & allow sports persons or athletes to monitor, track, analyze, & increase their performance. There are many smart sports equipment available in the market. These contain smart basketball, smart footballs & others. The acceptance of IOT in many sports equipment like watersports, tennis, basketball, football, & more enables users to get new & advance features, which are not existing with the traditional sport equipment. For example, smart balls which allow consumers to detect & track analytics regarding the flight path, spin, & speed of the ball & offer this information to users via smartphones. A sport person cannot get these features & benefits by using a traditional sports equipment ...
... Thus, this reason drives the development of the smart sports equipment market.
Global Smart Sports Accessories Market:
Global Smart Sports Equipment Market 1 Smart sports equipment like smart helmet, smart sports wearables, & others bid athletes safety as they help in tracking heart rate & protect them from injuries. These features help raise their demand among the coaches & sport persons thus paying in fostering the development of the smart sports equipment market. However, the low penetration of smart sports equipment in the region like LAMEA & APAC is estimated to impede the development of the smart sports equipment market during the forecast period. Eight trends are shaping the sporting goods industry in 2021: In the year 2020, the sporting goods industry contracted for the 1st time since the financial crisis of 2007–08. Most brands, retailers, & manufacturers ended the year significantly in the red, despite a bounce back in activity after the 1st & before the 2nd wave of corona virus related lockdowns. The exception was the Chinese market, which continued its part as the industry’s development engine after expanding at an average of 16.5 percent a year (CAGR) from 2018 to 2020. Sporting goods establishments saw their market estimates fall in the early months of the pandemic. However, they tended to outperform the wider marker as the year progressed, with sports-equipment makers (particularly bicycle & digitally enabled fitness equipment) doing especially well. Sportswear establishments were also more resilient than the rest of the apparel industry. Individual outdoor sports & home exercise are expected to experience a lasting in participation in 2021 Expected increase in participation in 2021vs pre-Covid 19, % of respondents: Global Smart Sports Equipment Market2
Smart Baseball Bats and Golf Sticks to Account for nearly 40 percent total revenue Share
Growing consumer spending in these two sporting events is anticipated to play a major role in driving the sales of smart golf sticks & smart baseball bats. Moreover, the demand for sensor-equipped sporting equipment in baseball & golf is gaining traction due to high reward money for sporting events through these categories, & growing improvement of participants through data-driven performance analysis. In the year 2019, total sales of smart baseball bats & smart golf sticks are projected to collectively account for close to 40 percent share of total smart sports equipment revenues.
Increasing Demand for Real-time Data Synching:
Real-time data examination of performance of the athletes can guide coaches towards finding movements or tactics which are dropping the performance levels at particular moments of gameplay. Wearing smart sports equipment & analyzing the data after the gameplay can be less productive than real-time data synching. Technology specialists can evaluate more information from the players’ performance, sensing moments of peak performance as well as tiredness. The MMR study report projects that by the end of year 2022, over US$ 500 Million worth of smart sports equipment sold in the global market will be equipped with real-time data synching as a main connectivity feature. North America was the leading market for smart sports equipment in the year 2019 owing to high internet penetration in this region accounting for 7.4 percent out of the global internet users through the world. Moreover, the constant increase in the sports participation in North American nations like the United States which improved from 18.4 percent in the 2017 to 19.5 in 2018 every year. This is expected to increase the demand for sports equipment among the users. This fact is anticipated to create a good opportunity for the in the upcoming years in such countries.
Key Benefits for Smart Sports Equipment Market:
• The key nations in all the major regions are mapped based on their smart sports equipment market size. • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. • A comprehensive analysis of factors that drive and restrict the smart sports equipment market growth is provided. • An in-depth smart sports equipment market analysis of the global market helps determine the prevailing market opportunities. • The report includes details of the analysis of the regional and global markets, key players, smart sports equipment market share, application areas, and growth strategies. The report covers Specialty Stores, Franchise Stores, Online Stores, with detailed analysis Global Smart Sports Equipment Market industry with the classifications of the market on the Type, Distribution Channel& region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.
Scope of the Global Smart Sports Equipment Market: Inquire before buying
Global Smart Sports Equipment Market3
Global Smart Sports Equipment Market, By Region
• North America: o US o Canada • Europe o UK o Germany o France o Spain o Italy o Sweden o CIS countries o Rest of Europe • APAC o China o India o South Korea o Japan o Australia o Rest of APAC o ASEAN  Indonesia  Malaysia  Singapore  Thailand  Vietnam • Middle East & Africa o GCC Countries o South Africa o Rest of MEA • Latin America o Mexico o Brazil o Rest of Latin America
Global Smart Sports Equipment Market Key Players
• NIKE, Inc. • Golfsmith International Holdings, Inc. • PUMA SE • Adidas AG • Wilson Sporting Goods • BABOLAT VS S.A. • HockeyShot Inc. • Riddell • Zepp Labs, Inc. • Gridiron Technologies.
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