Industry Background:
Sports Luggage is used to carry and protect sports equipment. This luggage is strong enough to hold various sports equipment such as bats, balls, rackets, hockey sticks, among others. The growing demand for sports luggage from professionals as well as the personal purpose has driven the market size. The increasing growth in sport tourism has increased the need for having sports luggage. Furthermore, an increasing number of international sports events is encouraging consumers to have sports luggage as well as demand for the lightweight bags will supplement the sports luggage market in the coming years.This growth is primarily driven by Increasing Children’s Involvement In Sports
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Key Companies in Study | Adidas AG (Germany), Amer Sports (Finland), Nike, Inc. (United States), PUMA SE (Germany), Under Armour, Inc. (United States), VF Corporation (United States), Yonex Co., Ltd (Japan), Acushnet Holdings Corp (United States), Bridgestone Corporation (Japan), Callaway Golf Company (United States), New Balance (United States), Fila (South Korea), Mizuno Corporation (Japan) and ASICS Corporation (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Apparel, Accessories & Luxury Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Adidas AG (Germany), Amer Sports (Finland), Nike, Inc. (United States), PUMA SE (Germany), Under Armour, Inc. (United States), VF Corporation (United States), Yonex Co., Ltd (Japan), Acushnet Holdings Corp (United States), Bridgestone Corporation (Japan), Callaway Golf Company (United States), New Balance (United States), Fila (South Korea), Mizuno Corporation (Japan) and ASICS Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In July 2019, Nike extended its partnership with Brighton and Hove Albion for next three years. Under this agreement, Nike is intended to supply playing and training kit for the men’s and women’s teams of Premier League clubs.The market is fragmented by numerous key players who have the bargaining power high in sports luggage market. The intensity of rivalry appears to be high in this market as competitors are numerous and the sports luggage are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability.
Market Drivers
- Increasing Children’s Involvement In Sports
- Growing Sports Tourism For Football And Golf Tournaments
- Rising Participation In Professional Sports
Market Trend
- Emergence Of E-Commerce And Online Retailing
Restraints
Opportunities
Growing Disposable Income And Sports Expenditure, Adoption Of Wellness And Sports Activities By Major Corporates and Healthy Lifestyle Adoption And The Preference For Staying Fit
Challenges
Availability Of Counterfeit Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sports Luggage Study Sheds Light on
The Sports Luggage Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sports Luggage industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sports Luggage industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.