Global Bowling Balls Market Overview:
The bowling balls are the important equipment in the bowling sport, which are associated with every other element of this sport like the bowler, the lane, the oil pattern, and the pins. These elements are the investment reasons for top bowlers, bowling balls have the potential to decide the show as it is the main equipment for this specific sport. The technology has hugely impacted and advanced the sport of bowling. With the growing population of youngers across the world and rapid expansion in developing countries, the demand for the global bowling balls market is increasing.
Growth Drivers
- Growing Demand for Bowling Sports in Urban Areas
- Rising Disposable Income Across the World
Market Trends
- Increasing Popularity of Bowling Balls Amongst Youngsters
- Advancement and Innovation in Technology
Roadblocks
- Lack of Initial Initial Investment in Bowling Sports will Effect the Bowling Balls Market
- Regulatory Standards Might Effect the Bowling Balls Market
Opportunities
- Raising Awareness and Rapid Expansion of Bowling Sport in Emerging Countries will Boost the Bowling Balls Market
Challenges
- Safety risks Associated with Bowling balls
Competitive Landscape:
Some of the key players profiled in the report are Brunswick Corporation (United States), Ebonite International Inc. (United States), Storm Products Inc. (United States), Motiv Balls (United States), Global Manufacturing, LLC (900 Global) (United States), Murrey International Inc. (United States), QubicaAMF Worldwide (United States), Radical Bowling (United States), US Bowling Corporation (United States) and Jet Bowling, Inc. (United States). Considering Market by Design, the sub-segment i.e. Three Piece Ball will boost the Bowling Balls market. Considering Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Bowling Balls market. Considering Market by Weight, the sub-segment i.e. Less than 10 lbs will boost the Bowling Balls market.
Latest Market Insights:
On 16th November 2019, Brunswick Group announced its acquisition of Ebonite International Inc. Brunswick secured all the assets of EBI, including all of its brands, trademarks, and technologies. The EBI plant in Hopkinsville, Kentucky, has been shut down and production will move to Brunswick’s plant in Reynosa, Mexico. This acquisition means bowling will now only have two major players in the equipment space with Storm and Brunswick going head to head while other smaller brands like MOTIV also battle for market share.
"The United States Bowling Congress Equipment and Specifications Committee has established new specifications designed to sustain the playing field both currently and in the future. The specification requires a bowling ball’s oil absorption rate to be more than 2:15 for the ball to be approved will take effect Aug. 1, 2020. Also, any ball models tested where the average oil absorption rate is under nine minutes and 30 seconds (9:30) will require additional balls to be tested."
What Can be Explored with the Bowling Balls Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bowling Balls Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bowling Balls
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bowling Balls market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bowling Balls market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bowling Balls Manufacturers, Bowling Balls International Traders, Bowling Balls Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.