What is Handball Market?
Handball, which can also be called team handball and borden ball, is a type of contact sport in which two teams with seven players each (consisting of six outfield players and one goalkeeper), pass a ball and throw it into the goal of the opposing team. Handball is a fascinating game played throughout five continents. Combining speed, strength, stamina, agility, technical precision, skill, and teamwork, handball has become one of the fastest-paced and exciting Olympic sports. The rising inclination of people towards fitness has led to significant growth in the market in the forecast period.
The market study is being classified, by Application (Competition, Training, Recreational Activities and Other) and major geographies with country level break-up.
Select Sport A.S. (Denmark), Molten Corporation (Japan), Adidas (Germany), Kempa (Germany), Decathlon (France), Hummel International Sport & Leisure A/S (Germany), Mikasa Corporation (Japan), Salming (Sweden), Erima (Germany) and COSCO (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Handball market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Handball market by Type, Application and Region.
On the basis of geography, the market of Handball has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Number of Fitness and Sport Clubs
- Increasing Sports Culture and Fashion Industry Coupled With Favorable Government Initiatives
Market Trend
- Growing Awareness for Weight Management Owing to Rising in Number of Obese Population
Restraints
Opportunities
- Growing Acceptance in Millennials
- Growing Inclination towards Healthy Living
Challenges
- Lack of Awareness about Handball Game
Key Target Audience
Handball Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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